A Canadian court has cleared the reorganization plan of Red Lobster that will see the seafood chain exit bankruptcy. Justice Peter Cavanagh of the Superior Court of Justice in Toronto on Tuesday granted an order that recognizes and gives force to the plan approved by a U.S. bankruptcy judge last week. The future of the … Read more
As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more
McDonald’s is expecting to go through a growth spurt. The Chicago-based burger giant wants to establish thousands of new locations around the globe in the next few years, aiming to have 50,000 locations operating by 2027. That’s up roughly 25 per cent from more than 40,000 McDonald’s locations in operation today. The company says its anticipated expansion would represent the … Read more
