Dozens of Canadian business associations across the country have signed a letter urging the Liberal government to prevent Air Canada pilots from striking by sending the labour dispute to binding arbitration. The letter — which was signed by the Canadian Chamber of Commerce, the Retail Council of Canada, Food Producers of Canada and the Canadian Toy … Read more
Canada’s grocery code of conduct cleared a major hurdle this week with news that all major grocery retailers will sign on. The code has been years in the making, coming after a period of tense relations between retailers and suppliers. A major point of contention has been fees that retailers have charged to keep suppliers’ products in … Read more
Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company. Based in Longueuil, Que., Héroux-Devtek is one of the … Read more
Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer. The company’s quarterly profit was $459 million, marking a 9.8 per cent increase. Earnings per share were $1.72 … Read more
Canadian manufacturers of masks and other equipment for protecting against COVID-19 are seeking more than $5 billion in damages from the federal government, saying Ottawa misled them about buying and helping to sell their products. In a statement of claim filed in Federal Court, the companies and their industry association allege the government made “negligent … Read more
