Home / Tag Archives: Canada

Tag Archives: Canada

GM’s future in Canada still uncertain as Oshawa’s Camaro production set for move to Michigan


General Motors of Canada Ltd. is no closer to making a decision about the future of its assembly operations in Oshawa, Ont., but the company is nonetheless trying to position Canada as a global hub for automotive technology as the Trans-Pacific Partnership moves closer to reality. The last Chevrolet Camaro will roll …

Read More »

Canada’s oilpatch to become third largest contributor of new crude by 2040, but LNG prospects challenging: IEA


Despite the headwinds facing the Canadian oilpatch, the industry would likely add another 2.5 million barrels per day of crude oil by 2040, but don’t expect the country’s liquefied natural gas export industry to start up anytime soon, according to a new International Energy Agency report. The International Energy Agency’s …

Read More »

Starbucks Canada targets youth unemployment with program to hire at-risk young people


TORONTO — Starbucks Canada is expanding a program to address “a crisis” in youth unemployment by committing to hire 10 per cent of its work force from among the country’s disadvantaged young people. The Opportunity Youth program was launched as a pilot in Toronto in April. Starbucks will expand the …

Read More »

Bank of Canada’s Carolyn Wilkins says innovation key, as central bank policy ‘stretched to its limits’


OTTAWA — When it comes to monetary policy, there appear to be few limits to innovation, both during and after the global economic and financial meltdown between 2007-09. “Confident as we are in how we do things,” says Canada’s No. 2 monetary policymaker, the Bank of Canada is examining how …

Read More »

How Canada is becoming the orphan equity market nobody wants


Canada is the orphan equity market nobody wants. First oil, now Canada's corporate heroes are crashing — no wonder bond investors are running for the exit Turmoil with market heavyweights Valeant Pharmaceuticals and Bombardier has helped push Canadian high-yield bonds to their worst performance since 2008. Read on Hammered by …

Read More »

Canada Goose plans to double staff at new Winnipeg factory as it eyes global expansion


Canada Goose plans to double staff at a new factory in Winnipeg by early next year as it lays the groundwork for a bigger international expansion. President and CEO Dani Reiss says a new facility opened last month and already employs 80 people. He hopes to see that level spike …

Read More »

Toronto’s Mink Mile is Canada’s most expensive place to rent retail space, but still a long way from Fifth Avenue


TORONTO — Toronto’s famed “Mink Mile,” home to some of the world’s most luxurious retail brands, is the most expensive place to rent space in Canada, according to a new study. But even making it to the top spot in Canada only places the country’s largest city at 21st in …

Read More »

A Bank of Canada interest rate hike is ‘miles’ away as consumers appear unenthusiastic about spending


Canadian households are making a bland contribution to an economic recovery battered by slumping crude oil prices, keeping the central bank stuck as the U.S. moves toward raising interest rates. Liberals say Canada is billions deeper in the hole as they open the books for first time The new government …

Read More »

Canada’s banks are cutting costs, but the real hurricane hasn’t hit yet


Executives at Canada’s largest banks have been stuck on repeat, telling investors about their efforts to cut and control costs. Starting a week Tuesday, this chorus “will reach a crescendo” when the banks report earnings for the last time this fiscal year, analysts at Scotia Capital said in a note. Canadian banks report next week and here’s …

Read More »

Sears Canada Inc faces another $100-million class action lawsuit from its dealers


TORONTO • Sears Hometown store dealers have filed a second $100-million class action suit against Sears Canada Inc., its biggest shareholders and board of directors, alleging they approved hundreds of millions of dollars in special dividends in 2013 that would only benefit the big shareholders. Sears Canada decided to liquidate …

Read More »