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Canadians receive emails from Marriott about recent personal data breach
By The Canadian Press on December 6th, 2018
TORONTO – Canadians have started receiving emails from Marriott International, informing them of a recent breach of customers’ personal data held by their Starwood hotel properties. The U.S.-based hotel giant, which is also behind brands including W Hotels, St. Regis, Sheraton and Westin, says in the email that the breach may have impacted up to ... Read More »
Be the first to comment!Manitoba premier promises economic plan, new cabinet committee
By The Canadian Press on December 6th, 2018
WINNIPEG – The Manitoba government is setting up a new cabinet committee and a provincial office to focus on economic development. Premier Brian Pallister says the government will also create a program to help small- and medium-seized businesses develop new products. Pallister made the announcement during his annual state of the province speech to the ... Read More »
Be the first to comment!Woman arrested in Vancouver helped turn Huawei into household name in China
By The Canadian Press on December 6th, 2018
VANCOUVER – The tech executive whose arrest in Vancouver has sparked outrage from China is the well-educated daughter of a wealthy former military man who founded what eventually became one of the world’s largest telecom companies. Wanzhou Meng, the chief financial officer and deputy chairwoman of Huawei Technologies, was arrested at Vancouver’s airport while in ... Read More »
Be the first to comment!Pelosi pledges to press Lighthizer for better enforcement on new NAFTA
By The Canadian Press on December 6th, 2018
WASHINGTON – The presumptive leader of the new Democrat majority on Capitol Hill says she is pressing the U.S. trade representative for better labour and environmental enforcement provisions in the new North American trade pact. Nancy Pelosi, who is meeting today with trade czar Robert Lighthizer, won’t commit to whether Democrats will support the U.S.-Mexico-Canada ... Read More »
Be the first to comment!Aphria names special committee to investigate allegations by short-sellers
By The Canadian Press on December 6th, 2018
LEAMINGTON, Ont. – Marijuana producer Aphria Inc. says its board of directors has appointed a special committee of independent directors to review the company’s acquisition of LATAM Holdings Inc., which has been criticized by short-sellers. The company says it remains confident in the deal, but in the face of what it called “inaccurate and misleading ... Read More »
Be the first to comment!CN Rail in joint bid for stake in largest container terminal in Eastern Canada
By The Canadian Press on December 6th, 2018
HALIFAX – Canadian National Railway is bidding to acquire a stake in the largest container terminal in Eastern Canada. The Montreal-based company has confirmed joining a partner to bid for an interest in Halterm, a 30-hectare site at the Port of Halifax, but is declining to provide details. Halifax is Canada’s fourth-busiest port in terms ... Read More »
Be the first to comment!2019 marks beginning of CPP enhancements to be rolled out over seven years
By David Paddon, The Canadian Press on December 6th, 2018
TORONTO – The biggest change to the country’s pension plans in more than a decade will take place in the new year, but the effects will be felt differently depending on which generation you belong to. Beginning in early 2019, the Canada Pension Plan and Quebec Pension Plan will phase in enhanced benefits over the ... Read More »
Be the first to comment!Coca-Cola names CEO Quincey as its chairman
By The Associated Press on December 6th, 2018
ATLANTA – Coca-Cola Co. has named its president and CEO as chairman of the company’s board. James Quincey will become chairman and CEO following Coke’s annual meeting in April. The Atlanta company has already announced that longtime Coke executive Bryan Smith will become president and chief operations officer on Jan. 1. Quincey replaces Muhtar Kent, ... Read More »
Be the first to comment!New Brunswick’s new finance minister takes aim at reducing net debt
By The Canadian Press on December 6th, 2018
FREDERICTON – New Brunswick’s new finance minister says that while the province’s finances are improving, there needs to be a change in focus to start reducing the net debt. Ernie Steeves released the second quarter financial results for 2018-2019 today – his first since the Tory minority government took power last month. He says the ... Read More »
Be the first to comment!Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs
By The Canadian Press on December 6th, 2018
MONTREAL – Bombardier Inc. says its largest jetliner, a massive rail backlog and aftermarket services will propel the plane-and-train maker to 10 per cent revenue growth in 2019, roughly in line with analyst expectations. The 2019 guidance comes in the wake of a 60 per cent stock dive over the past five months and recent ... Read More »
Be the first to comment!US stocks tumble on US-China trade jitters, oil price slide
By Alex Veiga, The Associated Press on December 6th, 2018
U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets, knocking more than 450 points off the Dow Jones Industrials Average. The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing, threatening to worsen trade tensions between the U.S. and ... Read More »
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