business
Diageo, Ontario government reach agreement to keep Crown Royal on LCBO shelves — but plant closure remains
Ontario will keep Crown Royal on the shelves in the province’s liquor stores, it says, after parent company Diageo agreed to almost $23 million in spending in the alcohol and agriculture sectors. Source link
Canadian restaurants struggling to turn a profit, new report says
A survey of Restaurants Canada members found that 44 per cent of respondents were either operating at a loss or just breaking even — up from 2019 when only 12 per cent of respondents were in that same financial position. Restaurateurs and experts say less traffic at restaurants and rising costs are making it hard […]
Kraft Heinz halts plans to split company
Kraft Heinz has halted efforts to split the company, in a surprise move that new CEO Steve Cahillane said was necessary due to deteriorating conditions in the food industry, though he called the challenges “fixable and within our control.” Source link
Why some Canadian companies are turning their workers into owners instead of selling to the U.S.
A new type of employee ownership comes at a time when the country is facing a wave of baby boomer entrepreneurs nearing retirement and an increased focus on strengthening the national economy in the face of a trade war with the U.S. Source link
Stellantis keeping 650 staff hired for EV research in Canada, despite broader pullback
The global car behemoth might be offloading its stake in a massive electric vehicle battery plant in Canada — but it’s not giving up on electrification altogether. Source link
Canadian oilpatch expected to continue bulking up through mergers and acquisitions
Last year saw a string of blockbuster Canadian deals, but it remains unclear whether foreign buyers are ready to enter the fray. Source link
Is Trump's 10% credit card interest cap an 'economic disaster'? | About That
Andrew Chang explains why U.S. President Donald Trump’s proposed 10 per cent interest rate cap on credit cards may cause more harm than good, and why the major banks are pushing back. Images provided by The Canadian Press, Reuters, Getty Images and Adobe Stock Source link
Canada's unemployment rate ticks down, economy loses 25,000 jobs in January
Canada’s unemployment rate ticked down to 6.5 per cent in January, and the economy lost 25,000 jobs, Statistics Canada said on Friday. Source link
Stellantis sells its stake of Ontario battery factory to South Korea's LG Energy Solution
NextStar was a joint venture between the two companies that came about in 2022 to build Canada’s first large-scale batter manufacturing facility in Windsor, Ont. Source link
Heated rivalry cools after Montreal company gets shout-out for viral jacket
A Montreal-based streetwear company, after sounding the alarm, is now being credited for producing the original white fleece that was modified to create a viral jacket worn in the hit series Heated Rivalry. Source link