Canadian Tire signs deal to buy Helly Hansen for $985 million plus debt
Canadian Tire Corp. Ltd. has signed a deal to buy Helly Hansen, a maker of sportswear and workwear based in Norway, for $985 million. Under
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Pilots picket WestJet annual meeting as profit streak threatened by strike
The CEO of WestJet Airlines Ltd. warned Tuesday a potential strike could end its 13-year streak of quarterly profits as about 150 picketing pilots in
Fintech TransferWise to launch borderless debit card in Canada in 2019
European financial technology company TransferWise is planning a Canadian launch next year for its borderless debit card, which allows users to hold balances in multiple currencies and
Via Rail carries 4.4M passengers in 2017, largest growth in a decade
Via Rail had its best performance in a decade during Canada’s sesquicentennial year, increasing its ridership by more than 10 per cent to 4.4 million
‘We’re quite frustrated:’ Red tape threatens growing Arctic space industry
Years of federal bureaucratic delay may cost the North millions of dollars in investment in an emerging high-tech industry. A Norwegian company has been waiting
Five Canadian business stories to watch this week
Cleared to strike? WestJet discusses first-quarter results on Tuesday. The Calgary-based airline agreed in late April to 14 straight days of negotiations with its pilots
Canada Post Group reports 2017 profit up as parcel business swells
The Canada Post Group of Companies reported a profit of $144 million for 2017, up from $81 million in 2016, as its parcel business grew
Pot plan proceeding apace, Trudeau insists, despite calls for delay
Prime Minister Justin Trudeau isn’t backing down from his government’s much-maligned timeline for legalizing marijuana, despite a growing chorus of calls from senators, Indigenous leaders
Loblaw expanding online grocery business across the country
Canada’s largest grocer plans to “blanket the country” with online grocery services this year. Loblaw Companies Ltd., which launched home delivery services in its first
Molson Coors widely misses expectations
Molson Coors Brewing Co. had its worst trading day in more than a decade after the company widely missed expectations largely due to weakness in
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