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Canada May not Return to NAFTA Talks Soon

Posted on 14 August 2018

Mexico’s top trade negotiator has reported that it could be a while before Canada is invited back to the NAFTA bargaining table. According to the report on,Nationalpost.com,a source familiar with the negotiations said that Canada will definitely not take part when the talks resume next Wednesday. A close observer to the process notes that as Canada delays on the sidelines, discussi ...

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Beijing mulls domestic issues, spurns Trump’s trade war: Report

Posted on 11 August 2018

China is focused on its domestic affairs like fortifying its power structure and stabilizing its economy, according to Jonathan Fenby, research chairman for TS Lombard. The London-based consultancy anticipates that China’s full-year growth of 6.5 percent will be spurred by a 6.3% growth during June-December. The firm echoes that although the Washington-Beijing trade war loomed large in the ...

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PepsiCo’s CEO calls it Quits after 12 Years at the Helm

Posted on 11 August 2018

Indra Nooyi, the top executive at PepsiCo announced at its global headquarters in Purchase, New York, that she is retiring at age 62, with chairman of the board duties extending into 2019. She served24 years with the company and 12 years as its CEO. The board of directors voted unanimously in favor of current president Ramon Laguarta, age 54, to assume her leadership position beginning Octobe ...

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Ottawa gives Toronto initial $11-million to deal with asylum seekers

Posted on 06 August 2018

Toronto Mayor John Tory says 11-million dollars received from Ottawa to help deal with an influx of asylum seekers is an important step forward. It can be recalled that the Ontario provincial government had recently requested $200 million from the Federal Government to pay the costs of asylum seekers living in Ontario, including other areas in the province such as Ottawa. After meeting w ...

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Canada’s Westjet Airlines Stocks Take a Nose Dive

Posted on 04 August 2018

Canada’s WestJet Airlines Ltd stock have dipped 10 per cent downward on Tuesday 31st July 2018   even as the airline prepared itself for higher costs and lower revenue, reports the Financial Post. According to the report, the airline which is Canada’s second largest carrier had witness considerable loss in the second quarter and are of the opinion that things could only get w ...

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Davids Tea Shareholders Fight to Oust their Founder

Posted on 04 August 2018

The shareholders of DavidsTea Inc. is have united to sue company founder Herschel Segal, seeking to have him removed as executive chairman and elect a board of new directors. This move was spearheaded by three partnerships, whose shares come up to a total of 12.8 per cent in the company. They have filed a suit in Quebec Superior Court against Segal and his investment firm, Rainy Day Inve ...

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Shopify Second Quarter Results Reveal Waning Growth

Posted on 02 August 2018

Shopify Inc. Canada, has just released its quarterly results for the second quarter which revealed a slowing growth as compared to last year’s result. According to a report on Reuters, the company shares went down by at about 6 percent. The company shares have performed well so far this year as investors have shown have strongly supported the company in Toronto. According to Reuters, T ...

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Canada’s Increased Interest Rates Would Hit the Young the Hardest

Posted on 02 August 2018

Young people and mid-income earning households would be the highest hit by the higher interest rates introduced by the Bank of Canada, a new Federal analysis states.The analysis examined issues like income, age and region in order to determine which households would be most hit by the Bank’s hike in interest rates. The document addressed questions such as: Who are these stretched house ...

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Chick-fil-A comes to Toronto

Posted on 27 July 2018

Chick-fil-A would be opening its very first franchised international restaurant in Toronto, come 2019. This is coming over ten years after starting a location at the departure levels of Calgary International Airport. According to Tim Tassapoulous, Chick-fil-A president and Chief Operating Officer, “We have wanted to come to Toronto for a very long time because we believe Toronto is one of the ...

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Canada’s New $10 Note Tells a Historic Human Rights Story

Posted on 08 July 2018

Canada’s upcoming $10 bank note,which depictssocial justice defender Viola Desmond, tells astory of human rights. The new note,which will be issuedin late 2018,is the first in Canada to have a vertical design and featuresimages and symbols that represent the country’songoing pursuit of rights and freedoms. Viola Desmond’s fight for justice At the heart of the not ...