Five Canadian business stories to watch this week
Earnings from Smiths Falls-based Canopy Growth are among the stories to watch this week in Canadian business
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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.
Canadian Tire buying 65 store Party City business for $174.4M cash
Canadian Tire Corp. is diversifying its store offerings with a move the national retailer expects to strengthen its connection with millennial customers
Transat warns of ‘abusive’ bid by Group Mach, files complaint with regulator
Transat is warning shareholders against an “abusive, coercive, misleading” move by Montreal real estate developer Group Mach to block the tour operator’s sale to Air
CRGroup finds its silver lining in the cloud
Merger with Quisitive means faster growth and need for new hires
Five Canadian business stories to watch this week
Air Canada, SNC-Lavalin and Enbridge will all report earnings this coming week in Canadian business
Amazon’s spending on quick delivery is squeezing its profits
Spending on next-day Prime delivery is ‘a necessary strategy to compete with brick-and-mortar’s speed advantage to the customer,’ analyst says.
Loblaw’s ‘overzealous’ algorithm use sees sluggish same-store sales growth
Algorithms focused on profitability and increased margins decreased the emphasis on promotions to bring customers into the stores.
FTC fines Facebook $5B, pins privacy onus on Zuckerberg
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business
Quebec has no plans to offer struggling SNC-Lavalin a bailout: Minister
Quebec Economy Minister Pierre Fitzgibbon said Wednesday the province will not offer financial help to SNC-Lavalin Group Inc. in spite of the construction giant’s woes
Feds officially launch contract to supply 88 new fighter jets
Canada is officially asking four companies to send in their bids to supply a new fleet of fighter jets for the Royal Canadian Air Force
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