Glass Lewis says majority of Shopify shareholders opposed ‘founder share’ plan
Firm says Shopify’s plan to augment founder Tobi Lütke’s power in the e-commerce company only passed because of the support from an early company investor
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The Canadian Press
Bank of Canada likely to mirror 0.75% Fed hike next month: economists
The U.S. bank authority announced the Wednesday move will shift the country’s benchmark rate to a range between 1.5 per cent and 1.75 per cent
May home sales down 22% since last year, 9% from April: CREA
Economists attribute much of the cooling to rising interest and mortgage rates.
Pot company Hexo’s restructuring to include loss of 450 jobs, Belleville facility closure
Gatineau-based marijuana producer says in financial filings that the reduction will result in annualized savings of $30.6 million and is meant to simplify its organizational
Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says
While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel
Pandemic spurs entrepreneurial boom in Canada as new startups surge, new poll says
While half the small business owners surveyed said rising costs and inflation are a challenge, 90 per cent of new entrepreneurs said they still feel
Bank of Canada says economy can handle higher rates despite household debt risks
High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can handle the rising interest rates needed
Retailers’ renewed confidence in brick and mortar fuelling surge in commercial leases
Ottawa-born BeaverTails is among the chains that are looking to expand their national footprints as consumers start shopping and eating out in greater numbers.
Shopify releases shareholder vote tally on proposal to give CEO key voting rights
Company says 53.68 per cent of shareholders, excluding founder and chief executive Tobi Lütke, voted in favour of a plan to grant him key voting
Shopify shareholders approve new voting rights for CEO Tobi Lütke, stock split
Move ensures Lütke, his family and affiliates will hold 40 per cent of the e-commerce software giant’s voting power.
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