Maple Leafs Foods reports jump in profits for fourth quarter

MISSISSAUGA, ONT.—Maple Leaf Foods (TSX:MFI) said on Wednesday its net income more than doubled in the fourth quarter and that it will allow its largest shareholder hold a larger stake in the company. The Toronto-area food processing company said fourth-quarter net income was $ 76.2 million, or 57 cents per share, up from 24 cents […]

With IPO, Canada Goose banks on all-weather migration: Jennifer Wells

One was cherry red and one was Pacific blue and then hubby Henry wore a black one. Regular devotees of Madam Secretary could not have missed Tea Leoni’s occasional habit of sporting a Canada Goose parka, even when it looked as though her more-Gucci-than-Goose character might expire wrapped in all that down. The Canadian maker […]

Can’t access U.S. Netflix? New product claims to bust through border blocks

Can’t access U.S. Netflix? New product claims to bust through border blocks

A Canadian-founded company claims it has found a way to bust through Netflix’s border blocks. Its secret weapon — an electronic device called TurboBeacon. After Netflix launched a big crackdown on border hopping early last year, many Canadians found they could no longer stream content restricted to other countries. That meant no more access to shows only available in Netflix’s vast U.S. library — including favourites […]

TSX nears all-time high, Canadian dollar climbs

The Toronto stock market is again creeping up to its all-time high. The S&P/TSX composite index was up 51.76 points at 15,605.80, after 90 minutes of trading, roughly 50 points away from its record high set in September 2014. In New York, the Dow Jones industrial average gained 102.76 points at 20,157.10, the S&P 500 […]

Retirement planning? Mind the age gap

An age difference in your relationship doesn’t just mean your favourite bands are from different decades. As you approach retirement together, that age gap becomes a factor in decisions about when you retire, and in planning how much money you need to save and how it should be invested. Especially if the younger partner is […]

It’s time Canada stands with Mexico: Olive

“For the first time since Ronald Reagan assailed the Soviet Union in 1980, an American presidential candidate actively campaigned against another country’s national interests.” –Jorge G. Castaneda, Mexican foreign minister 2000-2003, in a New York Times essay shortly after Donald Trump’s election as U.S. president on an anti-Mexico platform. Mexico faces a moment of truth: […]

TSX and Dow give up recent gains as Trump rally runs out of steam

Stock markets in New York and Toronto recovered slightly from midday losses but still closed significantly lower on Monday, a pullback from a weeks-long rally prompted by the presidency of Donald Trump. The S&P/TSX composite index in Toronto closed down 170.69 points, 1.1 per cent, its worst day since the middle of December. “Global markets have a […]

GM axing 625 jobs at Ontario plant, shifting some production to Mexico

General Motors is cutting 625 jobs at its assembly plant near London, Ont., as it shifts some production to Mexico. Mike Van Boekel, spokesman for Unifor Local 88, says the layoffs will take effect in July at the CAMI Assembly plant in Ingersoll, Ont. That plant was excluded from negotiations last fall between Unifor and the […]

Canada signals possible U.S. trade deal that excludes Mexico

Josh Wingrove and Greg Quinn Bloomberg The U.S. and Canada are signalling most of the pain from reworking the North American Free Trade Agreement (NAFTA) will hit Mexico, with an adviser to Donald Trump flying to Calgary to tell Justin Trudeau’s team that commerce is balanced and running smoothly north of the border. Trudeau’s cabinet […]