Business

Investors punish Home Capital shares after company announces $2B credit line

Shares in alternative lender Home Capital tumbled more than 60 per cent on Wednesday after the company said the terms of a new $2-billion line of credit it is arranging will leave it unable to achieve its financial targets. In morning trading on the TSX, shares of the alternative mortgage lender dropped by $10.59 to hit $6.50. The drop is the latest step ...

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Retail sales tick lower in February as sales of cars and gas slow don

The Canadian Press Posted: Apr 26, 2017 9:02 AM ET Last Updated: Apr 26, 2017 9:47 AM ET Retail sales fell 0.6 per cent to $47.8 billion in February, after a strong showing in January. Sales were lower in eight provinces, Statistics Canada reported, as Ontario led the way down in dollar terms. They rose in New Brunswick and Saskatchewan. ...

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Same store sales at Tim Hortons owner slip last quarter

The owner of Tim Hortons and Burger King is reporting flat sales at its established locations in the first quarter but a nine per cent increase in revenue, which was above analyst estimates. Restaurant Brands International Inc. says comparable sales at locations open at least a year were down one-tenth of a per cent at both chains, after adjusting for currency ...

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Dad, 2 young kids pulled off Air Canada plane after mother turned away at gate

A Winnipeg family is still trying to understand why Air Canada stranded them at the Miami airport after bumping them from a flight and then allegedly telling them: “You’re not our problem.” Kerri Moore, travelling with her husband and two children, was barred from boarding a flight from Miami to Toronto in February. Father Steve Moore and their kids were permitted to board, ...

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Politicians meddle with real estate — but would Canadians tolerate intervention in other markets?

There’s a difference between housing and real estate. Housing is where we live; real estate is an investment. It’s a pedantic but critical distinction. In all the breathless debates over housing bubbles and policy options, we look primarily at the investment. Imagine for a moment those debates centred around an investment other than real estate. A mutual fund. Or gold. Or an Exchange Traded ...

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Underground economy players impervious to CRA’s ‘nudge’ experiment

An experiment using “nudge” letters to coax Canadians in the underground economy to pay their taxes has flopped, highlighting the limits of this new approach to changing citizen behaviour. “Nudge” economics is the practice of encouraging people to make desired choices through suggestion rather than by threat of penalty or sanction. The approach has been enthusiastically adopted by the British ...

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Dad, 2 young kids pulled off Air Canada plane after mother turned away at gate

A Winnipeg family is still trying to understand why Air Canada stranded them at the Miami airport after bumping them from a flight and then allegedly telling them: “You’re not our problem.” Kerri Moore, travelling with her husband and two children, was barred from boarding a flight from Miami to Toronto in February. Father Steve Moore and their kids were permitted to board, ...

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Chobani sues provocateur Alex Jones for spreading sex assault, migrant claims

Greek yogurt giant Chobani filed a lawsuit Monday against right-wing radio host Alex Jones, accusing the conspiracy theorist of publishing false information about the company. Chobani says that Jones and his InfoWars website posted fabricated stories earlier this month that linked Chobani owner Hamdi Ulukaya and the company to a sexual assault case involving refugee children. The company filed the ...

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Metro profit beats estimates despite lower produce, meat, dairy prices

The chief executive of Metro Inc. says prices for produce, meat and dairy were lower in its most recent quarter, but the grocer still increased its profits and beat analyst estimates. Food prices were about two per cent lower than a year ago during the 12-week period ended March 11, CEO Eric La Fleche told a conference call with financial ...

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Billy Bee and Doyon honey sold in Canada to be made in Canada, too

New The Canadian Press Posted: Apr 25, 2017 3:32 PM ET Last Updated: Apr 25, 2017 3:33 PM ET Related Stories The company that owns the Billy Bee and Doyon honey brands says it will start using only Canadian honey for both products in Canada this year. McCormick & Co. says Billy Bee and Doyon products containing all-Canadian honey will ...

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