Business

Lululemon shares drop after weak outlook

New Company says profit, revenue were higher in most recent quarter The Associated Press Posted: Mar 29, 2017 5:32 PM ET Last Updated: Mar 29, 2017 5:34 PM ET Shares of Lululemon Athletica Inc. fell sharply in after-hours trading Wednesday after the athletic-inspired sportswear company delivered a weak outlook for the current quarter. The Vancouver-based company says it earned $136.1 ...

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Cenovus Energy buying most of ConocoPhillips’ Canadian assets for $17.7B

Cenovus Energy of Calgary says it will spend $17.7 billion to acquire most of the Canadian assets of ConocoPhillips, making the Houston-based company the latest international player to exit the oilsands. Cenovus CEO Brian Ferguson is calling it a “transformational acquisition.” The deal includes ConocoPhillips’s 50 per cent interest in the FCCL Partnership, an oilsands venture between the two companies ...

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Etihad Airways responds to laptop ban with free iPad and Wi-Fi for 1st class

One Middle Eastern airline targeted by new U.S. rules banning computers on certain flights has responded by offering first and business class passengers complimentary use of a tablet computer with internet access while on board. Abu Dhabi-based Etihad Airways made the announcement on Wednesday, noting that so-called Premium passengers will be welcome to use the service as of Monday. Economy-class passengers ...

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Sask. premier invites Calgary energy companies to move to Saskatchewan

Saskatchewan Premier Brad Wall is taking a turf war with Alberta to its economic heart, inviting energy companies based in Calgary to move their headquarters to his province. In a letter to Whitecap Resources, Wall offers to subsidize relocation costs, trim taxes and royalties and help find space in unused government buildings if the oil and gas firm moves to ...

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Canopy Growth to launch online marijuana store in April

Canada’s biggest publicly traded marijuana company is readying a new online store to hawk its wares, in a move that hints at how legal marijuana sales might soon look. Canopy Growth Corp., which owns the Tweed, Mettrum, and Bedrocan brands of medical marijuana, will launch the Tweed Main Street store in the first half of April. Between them, the three brands have more than 50,000 ...

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Purolator back to business as usual as agreement reached with union

New Package delivery company temporarily stopped accepting new packages Tuesday CBC News Posted: Mar 29, 2017 5:42 AM ET Last Updated: Mar 29, 2017 5:42 AM ET Purolator will be accepting packages again Wednesday as the company has reached a tentative agreement with its largest union, averting a strike. The agreement must still be ratified by Teamsters Canada, the union representing thousands of ...

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Canada and U.S. on diverging tracks as Trump signs climate order: Don Pittis

Only six months ago, Canada and the United States seemed like trains on the same track. Sure, there were policy differences. But especially after the election of a Liberal government in Ottawa, the two capitals were generally agreed on climate change, free trade, immigration, taxes, bank regulation and many other issues. But suddenly, with the election of Donald Trump as U.S. president instead of ...

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‘I feel duped’: Why bank employees with impressive but misleading titles could cost you big time

Mike Black says he feels “completely betrayed” after trusting RBC employees with impressive-sounding titles to manage his life savings, only to earn far below the market average for six years. “I worked 35 years at two jobs and saved up a considerable amount due to the fact that I didn’t have a pension and would need money for retirement,” said Black, who ...

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A ‘hard Brexit’ creates uncertainty for Canada on what’s next for trade

As the United Kingdom triggers divorce negotiations with the European Union, Canadians are watching closely to see if this split can be amicable. If it’s adversarial, and the Brexit terms are harsh, businesses may need to bail quickly or risk getting burned. “This is a question all of our trading partners are asking themselves. And it’s an unfortunate effect of them choosing to ...

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