New cryptocurrencies gain momentum
The success of bitcoin has spurred the launch of hundreds of copycat digital payment systems looking to cash in on the popularity of the cryptocurrency.
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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.
Subsidizing electric cars is inefficient and costly, report says
Provincial subsidies to encourage the use of electric vehicles are the most expensive, least effective way to help cut greenhouse gas emissions, the Montreal Economic
Retailer The Source revamps stores to avoid becoming ‘walking dead’ in consumer tech
The Source is staging a transformation to turn its stores into electronics playgrounds in an effort to boost sales as the consumer technology industry faces
Sears Canada shares plunge on report that it’s preparing to seek court protection
Sears Canada’s stock plunged more than 20 per cent Wednesday following a report that it’s preparing to seek court protection from creditors. The shares (TSX:SCC)
Uber CEO Kalanick resigns under investor pressure
Travis Kalanick, the combative and embattled CEO of ride-hailing giant Uber, has resigned under pressure from investors at a pivotal time for the company. Uber’s
Feds stick with July 2018 deadline to legalize pot despite provincial worries
The Trudeau government is sticking with its deadline to legalize recreational marijuana by July 2018, despite provincial fears that there’s not enough time to address
Tim Hortons franchisee seeking class action lawsuit against parent company RBI
A Tim Hortons franchisee is seeking a class-action lawsuit against parent company Restaurant Brands International (TSX:QSR), alleging it improperly used money from a national advertising
Amazon deal to buy Whole Foods could shake up Canadian grocery industry
Amazon’s purchase of Whole Foods gives the e-commerce giant a foothold in Canada’s grocery industry and could pressure supermarket chains to step up their game
Five Canadian business stories to watch this week
At the table: Federal Finance Minister Bill Morneau hosts his provincial and territorial counterparts Monday in Ottawa. Morneau has been trying to forge ahead with
Fighting climate change by preserving your building
Building owners and managers know that premature replacement of infrastructural elements comes at a financial cost. Less appreciated, however, is the considerable environmental impact of
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