Canada’s nostalgia for the factory has become a barrier to growth

Bank of Canada Governor Stephen Poloz scooped Statistics Canada this week. During a press conference in Ottawa, Poloz let slip that StatCan plans to begin publishing monthly data on trade in services later this year. Paul Vieira of the Wall Street Journal later confirmed the tip. Canada’s official data collector signified to him that it was […]

Toronto and U.S. stock markets close lower, loonie dips

TORONTO _ Sliding commodity prices and disappointing earnings had both Canada’s main stock index and U.S. markets closing lower Thursday. The S&P/TSX composite index closed down 75.55 points at 15,454.42. In New York, the Dow Jones industrial average ended 83.18 points to 24,664.89. The S&P 500 index closed down 15.51 points to 2,693.13 and the […]

TD Canada Trust to open office at CF Champlain shopping center in past Sears digs

DIEPPE, N.B. _ Sears Canada’s past store at the CF Champlain shopping center in Dieppe, N.B. will be turned into a TD Canada Trust corporate office. The announcement is part of a trend in recent years by shopping center owner Cadillac Fairview to transform a few of its retail space into offices. In March, Cadillac Fairview stated the […]

Facebook executive and ex Liberal adviser defends his access to Trudeau cabinet

OTTAWA _ A Facebook executive with ties to the ruling Liberals was grilled Thursday about his preferential access to elder members of the Trudeau cabinet, even though no one from the social-media giant, including himself, is a registered lobbyist in Canada. In his appearance ahead of a parliamentary committee, Facebook Canada’s public policy head Kevin Chan […]

Westjet to accelerate engine inspections following Southwest incident

CALGARY _ WestJet Airlines Ltd. says it’s immediately accelerating inspections of a few fan blades following an engine failure on a Southwest Airlines flight Tuesday that left one passenger dead. Calgary-based Westjet says the European Aviation Safety Authority issued a directive that airlines inspect a few fan blades on Boeing 737NG engines by the completion of 2019, […]

Spat breaks out between Tim Hortons franchisee factions over public complaints

OAKVILLE, Ont. _ The Tim Hortons franchisee advisory board is slamming a group representing at least half of the brand’s restaurant owners for publicly making complaints about their parent company Restaurant Brands International Inc. In a letter to franchisees obtained by The Canadian Press, the board argues that the comments by the Great White North […]

Ottawa’s new privacy rules give businesses flexibility on reporting data breaches

OTTAWA _ Federal data breach regulations set to take effect Nov. 1 will require mandatory reporting of security breaches that pose a “real hazard of significant harm,” but give businesses flexibility about how that’s done. Ottawa has rolled out the long-awaited requirements in a notice in the Canada Gazette that indicates the authority wished to […]

Supreme Court beer ruling can apply to Alberta B.C. pipeline war, experts say

CALGARY _ A Supreme Court of Canada ruling on bringing beer from Quebec into New Brunswick has implications for the trade war between Alberta and B.C. over the Trans Mountain pipeline expansion, experts stated Thursday. The court appeared to be addressing the issue in its judgment when it noted that although a few trade barriers can […]

Supreme Court ruling corks B.C. vintners’ hopes for free trade of Canadian wines

VANCOUVER _ The Supreme Court of Canada ruling upholding interprovincial trade laws may have other implications for trade, including for the Trans Mountain pipeline expansion, says a lawyer who presented a few British Columbia wineries at the trial. Shea Coulson stated the unanimous judgment issued Thursday in Ottawa is “going to shape our federation in multiple […]