Business

Huawei moving US research centre to Canada – Business News – Castanet.net

Photo: The Canadian Press The founder of Huawei says the Chinese tech giant is moving its U.S. research centre to Canada due to American sanctions on the company. In an…

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Motherhood, social norms behind gender wage gap in Canada – Business News – Castanet.net

Photo: Thinkstock.com An internal government analysis concludes motherhood and the societal expectations that come with it are major factors in Canada’s wage gap between men and women. “Since gendered expectations…

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Bank of Montreal to cut five per cent of workforce – Business News – Castanet.net

Photo: The Canadian Press The Bank of Montreal’s fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about…

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Husky Energy cutting capital spending by $500 million – Business News – Castanet.net

Photo: Contributed About 370 jobs have been cut at Husky Energy Inc. this year with most of the reductions coming in a major round of layoffs in October, CEO Rob…

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Powersports vehicles propel BRP to record third-quarter – Business News – Castanet.net

Photo: Can-Am BRP Inc. rode sales of three-wheeled and utility vehicles to record third-quarter revenues, boosting its financial guidance for the third time this year. The maker of Ski-Doo snowmobiles…

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Inheritance should be a windfall, not part of retirement plan – Business News – Castanet.net

Photo: The Canadian Press Tony Maiorino, VP and head of Royal Bank of Canada’s Wealth Management, poses for a portrait in Toronto. Freedom 65 seems a distant dream for many…

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Tentative deal with CN to end rail strike, says union – Business News – Castanet.net

Photo: CTV News UPDATE 7:24 a.m. Teamsters Canada says it has reached a tentative agreement with Canadian National Railway Co. to renew the collective agreement for over 3,000 conductors, trainpersons…

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Tech hubs in smaller cities gaining traction as firms hunt for labour – Business News – Castanet.net

Photo: The Canadian Press Toronto skyline Toronto still dominates Canada’s tech scene but smaller markets are making inroads as companies compete to find talent, a new report says. The report…

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Scotiabank reports $2.31B fourth-quarter profit – Business News – Castanet.net

Photo: The Canadian Press The Bank of Nova Scotia is expecting a strong performance from its Canadian banking segment next year driven by higher contributions from business banking, credit cards…

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Black market could benefit from clampdown on vape products – Business News – Castanet.net

Photo: BIV The black market could be the big winner if the B.C. government follows through with plans to levy a 20 per cent tax on all vape-related products, restrict access to…

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Statistics Canada says retail sales fell 0.1 per cent in September – Business News – Castanet.net

Statistics Canada says retail sales fell 0.1 per cent in September Retail sales drop The Canadian Press – Nov 22, 2019 / 7:49 am | Story: 271043 Photo: The Canadian…

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Two in five don’t ever expect to escape debt, says survey – Business News – Castanet.net

Two in five don’t ever expect to escape debt, says survey Will I ever get out of debt? The Canadian Press – Nov 22, 2019 / 6:24 am | Story:…

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Emirates opts for 30 Boeing 787 Dreamliners in revised deal – Business News – Castanet.net

Photo: Twitter The Middle East’s biggest air carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 Dreamliners in a deal valued at $8.8 billion. The…

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More than 2,000 now employed on Trans Mountain expansion – Business News – Castanet.net

Photo: Trans Mountain Trans Mountain Westridge terminal in Burnaby. More than 2,000 workers are now employed on the Trans Mountain expansion project. As of Sept. 30, 2,200 workers had been hired,…

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Trans Mountain received $320M in subsidies in first half 2019 – Business News – Castanet.net

Photo: The Canadian Press The Trans Mountain pipeline received $320 million in subsidies from the Canadian and Alberta governments in the first half of 2019, says a new report by…

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Canada’s high flying cannabis sector falls on hard times over retail – Business News – Castanet.net

Photo: The Canadian Press Canada’s legalization of cannabis in October 2018 was supposed to signify the beginning of a new and prosperous industry in a country with a long-held pot…

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Province appoints single regulator of BC real estate industry – Business News – Castanet.net

Province appoints single regulator of BC real estate industry New real estate oversight Joannah Connolly/Glacier Media – Nov 14, 2019 / 2:48 pm | Story: 270513 Photo: Glacier Media Investigations…

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Canopy Growth says pot market not living up to expectations – Business News – Castanet.net

Photo: The Canadian Press Canopy Growth Corp.’s share price hit a 2019 low Thursday after the Canadian cannabis producer posted a $374.6-million quarterly loss, missed analyst revenue estimates and warned…

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5 invaluable small business tips from a Dragons’ Den star

Starting your own business isn’t an easy task. You’re willingly moving away from the security of a steady, regular income, and the benefits that come with working for someone else….

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Trade pact could be passed before year’s end: Pelosi – Business News – Castanet.net

Trade pact could be passed before year’s end: Pelosi Trade pact by year’s end? The Canadian Press – Nov 14, 2019 / 11:55 am | Story: 270486 Photo: The Canadian…

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Premier vows to fight for oilpatch as drillers forecast flatlines – Business News – Castanet.net

Photo: The Canadian Press A pumpjack works at a well head on an oil and gas installation near Cremona, Alta. Premier Jason Kenney vowed Wednesday to keep fighting for Alberta’s…

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1,000 workers on site preparing for Kitimat LNG terminal – Business News – Castanet.net

Nelson Bennett / Business in Vancouver – Nov 13, 2019 / 3:00 pm | Story: 270408 Photo: LNG Canada One year ago, the partners behind LNG Canada formally sanctioned a…

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PG&E faces potential showdown over its bankruptcy plan – Business News – Castanet.net

Photo: The Canadian Press California Gov. Gavin Newsom is stepping up pressure on Pacific Gas & Electric to fork over billions more in cash to pay thousands of people who…

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Keystone pipeline restarted after breach in North Dakota – Business News – Castanet.net

Keystone pipeline restarted after breach in North Dakota Keystone pipeline restarted The Canadian Press – Nov 11, 2019 / 6:49 am | Story: 270236 Photo: North Dakota Department of Environmental…

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No. 1 milk company declares bankruptcy amid drop in demand – Business News – Castanet.net

Photo: Dean Foods Got milk? Increasingly, Americans don’t, and that led the nation’s biggest milk producer to file for bankruptcy Tuesday. Dean Foods blamed a decadeslong drop in milk consumption…

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Early Gen-Xers now old enough to get seniors discounts – Business News – Castanet.net

Photo: The Canadian Press Early Gen-Xers may find it uncomfortable to admit, but they have joined their parents in being old enough to claim senior discounts. The eldest members of…

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California discloses Facebook probe, sues for documents – Business News – Castanet.net

Photo: The Canadian Press California Attorney General Xavier Becerra California’s attorney general disclosed an ongoing probe into Facebook’s privacy practices Wednesday, as it sued the company over its repeated refusal…

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Bank of Canada warns economy’s resilience will be ‘tested’ – Business News – Castanet.net

Photo: The Canadian Press The Bank of Canada is shown in Ottawa on Wednesday, April 24, 2019. The Bank of Canada kept its key interest rate on hold Wednesday to…

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Ford, auto workers union reach tentative contract agreement – Business News – Castanet.net

Photo: The Canadian Press United Auto Workers Local 600 president Bernie Ricke, left, talks with Ford Motor Co. president Joseph R. Hinrichs. The United Auto Workers union has reached a…

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Fiat Chrysler eyes Peugeot merger, seeking strength in size – Business News – Castanet.net

Photo: Peugeot Fiat Chrysler Automobiles said Wednesday it is in talks with French rival PSA Peugeot in its second bid this year to reshape the global auto industry at a…

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