Business

Why Hudson’s Bay and some other retailers won’t dump Ivanka Trump’s boycotted brand

Almost every day, Amanda Dexter takes to Twitter to chastise one of her favourite stores for carrying Ivanka Trump’s products. Her target is the Hudson’s Bay Company, where she used to shop for everything from housewares to clothing. Now every time the Bay posts on Twitter a new outfit she likes, Dexter reminds the department store she won’t be buying ...

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What’s new, exotic and classic at Canada’s biggest car show

Doors swung open Friday for the Canadian International Auto Show, which runs Feb. 17-26 at the Toronto Metro Convention Centre and features more than 1,000 vehicles. Among the fresh designs is the Nissan Vmotion 2.0 concept below, which signals the company’s plans for zero-emission and autonomous driving models. (Bruce Reeve/CBC) Aston Martin AM-RB 001 A collaboration between Aston Martin and the Red Bull Formula One ...

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Kinder Morgan reported in talks on $6.8B Trans Mountain pipeline financing

Kinder Morgan Inc. has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the $6.8 billion expansion of its Trans Mountain pipeline project, according to people familiar with the process. Kinder Morgan has held discussions with Canada Pension Plan Investment Board, the Caisse de dépôt et placement du Québec and Ontario Teachers’ ...

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Almost zero: BlackBerry goes from titan to tiny in global smartphone sales

The latest numbers from Gartner, a U.S. technology industry research company, show that despite a seven per cent growth in overall global smartphone sales in the fourth quarter of 2016, BlackBerry’s share fell to 0.0481 per cent. (Regis Duvignau/Reuters) A new report suggests BlackBerry, the once dominant player in the global smartphone market, has sunk to less than a percentage point ...

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Enbridge to invest $1.7B in German North Sea wind farm

Enbridge Inc. says it will invest $1.7 billion in a North Sea off-shore wind energy project off the coast of Germany. The Calgary-based company says it will have 50 per cent ownership of the Hohe See project once the staged investment is complete, while German utility EnBW will continue to own the other 50 per cent. Enbridge will initially spend ...

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Air Canada says higher fuel costs will hit margins

Air Canada is warning of lower margins in its current quarter as the airline deals with headwinds from higher fuel costs. The airline said Friday that is expects its margins from its earnings before interest, taxes, depreciation, amortization and aircraft rent will be half what they were in the first three months of last year. The outlook came as the ...

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Kraft Heinz to pursue merger despite Unilever rejection

U.S. food company Kraft Heinz Co has proposed a merger with Unilever in what would be one of the biggest deals ever, but the Anglo-Dutch consumer goods company has declined, Kraft said on Friday. A deal with Unilever, which had a market value of $125 billion US before its shares spiked, would add Hellmann’s mayonnaise, Ben & Jerry’s ice cream ...

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Ardene removes toxic jewelry from stores, vows change

Fashion retailer Ardene says it has adopted a new testing regime and stricter limits on suppliers in an effort to reduce levels of a toxic metal in its jewelry. The moves are an about-face for the Quebec-based retailer, which made no visible in-store changes when shown test results from a CBC Marketplace investigation last year. In January 2016, Marketplace found ...

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New selfie gadget coming, with fresh strategy to fight copycats

The Toronto entrepreneur credited with creating the selfie stick has experienced the highs and the lows of inventing a wildly successful product. Among the highs? “Seeing it used on stage by the Beach Boys,” says Wayne Fromm. “Also making it on Oprah’s The O list, the Today show, The Tonight Show, Ellen — and selling out all the inventory on The ...

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