The Canadian dollar hit its highest level in almost four years on Thursday, supported by high commodity prices The loonie changed hands at 82.08 cents US in the early afternoon, its highest level since September 2017. Two major trends combine to push the loonie higher. First, the improved outlook for the global economy stemming from COVID-19 has pushed up the […]
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 […]
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 […]
Home sales for the Greater Toronto Area remained strong in April, but the market is starting to slow from the intense pace seen earlier this year, the Toronto Regional Real Estate Board said on Wednesday. The council revealed that 13,663 homes were sold in the area last month, a 362% increase from the 2,957 properties sold in April 2020, which […]
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 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 […]
AOL and Yahoo are sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which includes once-pioneering technology platforms, to Apollo Global Management in a US $ 5 billion deal. Verizon said Monday it would retain a 10% stake in the new company, which will be called Yahoo. Yahoo at the turn of the […]
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 […]
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 […]
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 […]
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