‘Big reset’ called for indebted NL with release of shocking economic report

A boundless report that outlines a five to six year plan to reimagine Newfoundland and Labrador to avoid a “perilous situation” and prepare for the future was revealed Thursday in St. John’s. As expected, Moya Greene, chair of the Prime Minister’s Economic Stimulus Team, presented a groundbreaking plan – proposing everything from tax hikes and deep spending cuts to a […]

Platoon recalls 2 treadmills – 1 to injure children, 1 to fall on touch screens

Peloton is recalling its treadmills, including several thousand in Canada, for safety reasons. The company’s Tread product has a touchscreen that can detach and fall, posing a risk of injury, the U.S. Consumer Product Safety Commission said on Wednesday. About 5,400 were sold in Canada, according to the commission. The commission said the company was aware of 18 reports of […]

Fire, flood, COVID and oil crash: Fort McMurray businesses aim to bounce back after losing the chance

Anyone who buys a restaurant knows the business is not for the faint of heart. In an oil town, where fortunes can rise or fall in an instant, the hospitality industry can be particularly tricky. Owen Erskine understands the situation well after taking control of Mitchell’s Cafe in downtown Fort McMurray, Alta., In 2014, when oil prices hit incredible highs […]

Tilray-Aphria merger ends, company expanded to control largest share of Canadian pot market

Tilray Inc. and Aphria Inc. say their merger deal is now closed after receiving shareholder approval from both companies. Shareholders of Tilray, based in Nanaimo, British Columbia, voted last Friday in favor of issuing shares to shareholders of Aphria, based in Leamington, Ont., But Tilray has yet to reveal how many have supported the proposal. About 99% of Aphria shareholders […]

Edmonton-born Greg Abel has been chosen as Warren Buffett’s successor as CEO of Berkshire Hathaway

The Oracle of Omaha named his successor and the man he chose was born and raised in Edmonton. Berkshire Hathaway vice chairman Greg Abel will be the conglomerate’s next CEO after founder Warren Buffett is no longer in office, the company revealed over the weekend. Berkshire second-in-command Charlie Munger hinted over the weekend that the plan was for Abel to […]

Wealthsimple valued at $ 5 billion after new round of liquidity for investors including Canadian celebrities

Millennium-centric fund management company Wealthsimple has raised an additional $ 750 million, bringing its total value to $ 5 billion. The Toronto-based fund manager caters to younger investors with low-cost, no-load options. The company is controlled by financial services conglomerate Power Corporation, but the company said it received $ 750 million from various investors, enough to value the entire company […]

Customer registers 3 Bell reps offering the same deal, then is told they can’t get it

Walter Schultz doesn’t like to leave anything to chance. The licensed private investigator documents everything – so when he contacted Bell Mobility in February for a better deal on his service, he recorded the exchanges. Three different customer service reps made the same offer, which he accepted, which included 10GB of data for $ 55 per month. But Bell later […]