Sunday, November 18, 2018

OSC orders Sino-Forest executives to pay millions in penalties

The Ontario Securities Commission has ordered several top executives of timber company Sino-Forest to pay millions in administrative penalties, disgorgement and costs....

U.S. crude stocks slump to lowest level since Feb. 2015, EIA says

U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years, dropping overall crude stocks...

Tim Hortons to expand to China in deal with New York-based private equity group

Tim Hortons plans to open more than 1,500 of its coffee-and-doughnut shops in China over the next decade. https://www.cbc.ca/news/business/tim-hortons-china-expansion-1.4742150?cmp=rss

Tim Hortons signs franchise agreement with Cartesian Capital to expand to China

Cartesian Capital will develop and open more than 1,500 Tim Hortons restaurants in China over the next 10 years. https://www.cbc.ca/news/business/tim-hortons-china-expansion-1.4742150?cmp=rss

Bank of Canada raises benchmark interest rate to 1.5%, noting trade tensions

For the fourth time in a little over a year, the Bank of Canada has raised its benchmark interest rate, a move...

CN Rail to spend $315M to upgrade Ontario operations

Planned projects include upgrades at CN's intermodal terminal in Brampton — the company's largest such facility — and the construction of a...

Concerts, celebrities, festivals and freebies: Why cannabis marketers are spending big this summer

The federal government has tabled strict rules about how cannabis can be promoted. Celebrity endorsements and event sponsorship will be prohibited. But...

China vows retaliation for latest U.S. tariff threat

China slammed the U.S. threat to expand tariff hikes to imports including apples, fish sticks and French doors as a "totally unacceptable"...

U.S. proposes $200B more in tariffs on Chinese imports

The Trump administration is readying tariffs on another $200 billion US in Chinese imports, ranging from burglar alarms to mackerel. https://www.cbc.ca/news/world/us-tariffs-china-200-billion-1.4741711?cmp=rss

‘Busing has to stay … in our country’: Replacements for Greyhound eyeing the market

Some Canadian bus companies say they're willing and able to fill parts of the void left by Greyhound when the U.S. carrier...