The Canadian Press

Ontario’s cannabis Crown corporation lost $42 million in latest fiscal year

Ontario Cannabis Retail Corp. lost $42 million in the latest fiscal year, according to newly released public documents

Farm Boy-owner Empire Co. beats on earnings as it pushes for cost savings, streamlining

Empire Co. Ltd. says it has largely completed major structural changes as part of a turnaround plan but it is already looking to the next

Five Canadian business stories to watch this week

Canada & World

The latest housing starts figures and earnings from retailers Roots and Hudson’s Bay Co. are due out this week

Ottawa’s last Zellers set to finally close in early 2020

Retail

Ottawa’s final Zellers retail outlet, alongside the other remaining holdout in Toronto, will close early next year, owner Hudson’s Bay Co. announced Friday.

WestJet scrubs 737 Max from busy winter holiday schedule, affecting thousands

Canada & World

WestJet Airlines Ltd. is removing its grounded Boeing 737 Max jets from its schedule until at least Jan. 5, affecting thousands of passengers with travel

Canopy’s ‘never been better,’ says interim CEO as biggest investor set to record related loss

Ottawa

Mark Zekulin says the company is shifting from “building” mode and hefty investments in infrastructure and expansion to “operating” mode

Bank of Canada holds interest rate as it takes stock of trade war impacts

Canada & World

The Bank of Canada is holding steady on interest rates as it gauges the extent of the damage that deepening trade conflicts have had on

Air Canada files challenge with federal regulator over Onex’s WestJet takeover

Canada & World

Canada’s biggest airline argues the $3.5-billion takeover would breach federal rules that limit foreign ownership of carriers

Quebec taxi drivers to launch rotating strikes beginning in Gatineau on Tuesday

Ottawa

Quebec taxi drivers are set to launch a rotating strike on Tuesday to express their dissatisfaction with the government’s moves to overhaul the industry