In her budget speech to the House of Commons on Tuesday, Finance Minister Chrystia Freeland took a moment to celebrate the finishing touch on expansion of the Trans Mountain oil pipeline. The controversial project has been plagued by delays and massive cost overruns, but Freeland instead focused on its completion, highlighting the: “talented tradespeople and the brilliant … Read more
Mumbai: The rupee plunged 17 paise to hit its lowest level of 83.61 against the US dollar for the second time in four weeks on Tuesday, tracking negative equity markets and a strong greenback against major crosses overseas amid geopolitical tensions. Forex traders said a weak appetite for riskier assets and sustained outflow of foreign … Read more
Cost of Living27:31Dead brands brought back to life One brand of clothing — specifically pants — has always had a special place in the closet of Alex Curry of Sexsmith, Alta., a small town about 20 kilometres north of Grand Prairie. “From high school, I loved Modrobes. I think from about Grade 7, I really noticed they … Read more
As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians’ viewing habits away from traditional TV. Liberals, Conservatives and New Democrats grilled CEO Mirko Bibic during often combative exchanges at a meeting of the House of … Read more
Sports Illustrated will resume publishing after its owner reached a new rights deal with digital media company Minute Media, which will reportedly operate the magazine for at least 10 years. Monday’s announcement comes nearly two months after owner Authentic Brands terminated its publishing deal with The Arena Group, which led to mass layoffs at the venerable sports … Read more
The recent decision by SaltWire Network Inc., Atlantic Canada’s largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday. “We’re seeing a resurgence in a steady spate of closings and scaling back of local news operations,” said … Read more
ByteDance, China’s most valuable unicorn and the owner of TikTok, has started a new round of share buy-backs for its global employees that price the equity higher than the previous round, according to two people familiar with the matter. The Beijing-based company has offered to purchase shares from staff at US$170.81 each, up nearly 7 … Read more
The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents. An affidavit published through the company’s court monitor from Jordan Searle, who heads the Canadian arm, describes how troubles befell … Read more
The Body Shop Canada will close nearly a third of its stores and end online sales as it seeks creditor protection, the Canadian subsidiary of the U.K. beauty and cosmetics shop announced Friday. A court filing showed the company owes more than $3.3 million to unsecured creditors and about $16,400 to secured creditors. The company did not say how many … Read more
Former talk show host Oprah Winfrey is leaving the WeightWatchers board of directors and donating millions of dollars in the weight management firm’s stock to charity, the company said Thursday, sending its stock tumbling in early trading. The exit of the media icon and celebrity shareholder, who has been a board member since 2015, comes at a … Read more
