Unifor Slams Conservatives Over Auto Plan Consultation
The Conservative Party's new auto sector strategy has drawn sharp criticism from Unifor, Canada's largest private sector union, for being released without prior consultation.
Category : Corporate News
Conservatives Challenge Carney Auto Strategy with U.S. Plan
Conservative leader Pierre Poilievre proposes exempting Canadian-made vehicles from sales tax and implementing tariff rules to protect automotive exports to the United States, criticizing the government's focus on overseas EV markets.
CyberAI Partners with Silver Leaf for Financial Growth
CyberAI Group has entered an investment banking agreement with Silver Leaf Partners to enhance structured debt and mezzanine offerings, supporting M&A strategy and intellectual property growth.
CPPIB to Sell $1.5B in Asia Private Equity Assets
Canada Pension Plan Investment Board is seeking to reduce its Asia private equity exposure by selling approximately US$1.5 billion in fund stakes managed by Hillhouse Investment, Bain Capital, and PAG.
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Guelph Resident Loses $40K in Bank Scam
A Guelph resident has been defrauded of almost $40,000 in a sophisticated bank scam, highlighting the growing threat of financial fraud in the region.
HBC Ordered to Pay $2.4M to Landlords After Failed Sale
A judge has ruled that Hudson's Bay Company must pay $2.4 million in costs to its landlords following a failed attempt to sell leases, highlighting legal disputes in retail real estate.
Toronto Man Charged with Fraud for Posing as Investor
Toronto police have charged an 18-year-old man with fraud after he allegedly posed as a private investor to deceive victims. Authorities released his image as part of the ongoing investigation.
CFFI Ventures Moves $1.4B Debt Restructuring to Federal Court
John Risley's CFFI Ventures shifts its $1.4-billion debt restructuring to federal court after creditor opposition, maintaining plans to transfer assets to HPS Investment Partners.
Cruise Costs Soar with Oil Rally, Carnival Hit Hardest
As oil prices rally, U.S. cruise operators are sailing into higher operational expenses, with Carnival Corporation potentially bearing the brunt of increased fuel costs and economic pressures.
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Meta Shares Jump on Plans for 20%+ Layoffs to Fund AI Spending
Meta Platforms stock rose 3% after Reuters reported the company plans to lay off 20% or more of its workforce to offset heavy AI spending and bet on productivity gains from the technology.
Dollar Tree Forecasts Subdued Sales as Spending Tightens
Dollar Tree anticipates restrained annual sales growth as economic pressures lead consumers to cut back on discretionary spending, reflecting broader retail challenges.
Public Storage Acquires National Storage Affiliates in Stock Deal
Public Storage announces an all-stock acquisition of National Storage Affiliates, consolidating the self-storage industry. The deal aims to enhance market reach and operational efficiency.
Clarios Names Chris Courts as Chief Legal Officer
Clarios, a global leader in advanced energy storage solutions, has appointed Chris Courts as Chief Legal Officer and Executive Leadership Team member, effective immediately.
Tactical Investment Needed for Canadian Holdings in Global Race
Investors must adopt tactical rather than complacent approaches to Canadian portfolios as global competition intensifies over energy, minerals, and AI infrastructure, with Canada's regulatory environment potentially limiting strategic relevance.
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Poilievre Pitches 'Dollar-for-Dollar' Tariff Policy for Auto Sector
Conservative leader Pierre Poilievre proposes exempting Canadian-made vehicles from federal sales tax and implementing a reciprocal tariff policy with the U.S. and Mexico to protect Canada's automotive industry.
Calgary Businesses Beat Boil-Water Advisory with Water Hauling
Jubilations Dinner Theatre and Aussie Rules Piano Bar in southwest Calgary faced potential show cancellations due to a boil-water advisory but saved their weekend with third-party water services from Big Rock Water Hauling.
Termination Clauses Fail to Protect Employers in Court
A recent B.C. Court of Appeal decision highlights that standard termination clauses may not shield employers from liability, as conflicting contract terms can lead to costly payouts for terminated employees.
Bird Construction Stock: 30% Upside on $11B Backlog
Bird Construction shares surged after strong earnings, with analysts highlighting a massive $11.1 billion project backlog. Meanwhile, Goeasy faces turmoil as shares plummet 57% following dividend suspension and guidance withdrawal.
Secret Ticketmaster Deal Sparks Frantic Antitrust Negotiations
A last-minute secret agreement between Live Nation and the Justice Department has avoided a high-profile breakup trial, but states continue pressing forward with their own legal challenges.
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Ontario to Allow Retailers to Open on Family Day, Victoria Day
The Ontario government is introducing legislation that would give retail businesses the choice to open on Family Day and Victoria Day, moving away from mandatory closures on these statutory holidays.
Sudbury Woman Gets 2 Years for $712K Kia Fraud
Deborah Lepage, 63, received a two-year-less-a-day sentence after defrauding Kia Sudbury of over $700,000 in a seven-year scheme, marking an emotional conclusion to the case.
Montreal Mayor Heads to South Korea for Economic Mission
Montreal Mayor Soraya Martinez Ferrada is traveling to South Korea for an economic and cultural mission aimed at strengthening bilateral ties and exploring new opportunities for the city.
Brookfield Seeks $800M Loan for World Freight Buyout
Brookfield Asset Management is negotiating an $800 million loan to finance its acquisition of air cargo specialist World Freight Co., part of a broader surge in Asia-Pacific acquisition funding activity.
CRA Gig Worker Tax Crackdown Goes Viral This Season
As tax season intensifies, the CRA's enforcement targeting gig economy workers has sparked widespread attention. With 7.4 million Canadian adults participating in gig work, experts warn of crucial reporting requirements and potential audits.
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Trump Crypto Venture Offers $5M 'Guaranteed Direct Access'
Eric Trump, alongside TRON founder Justin Sun and World Liberty Financial's Zach Witkoff, unveiled a high-stakes crypto investment opportunity at Dubai's Token 2049 event, promising exclusive access for major backers.
European Stocks Fall on Iran War Uncertainty, Oil Price Surge
European stocks declined sharply as the ongoing war in Iran disrupts global energy supplies, driving oil prices above $100 per barrel and forcing markets to reassess interest rate expectations amid heightened inflation concerns.
Adobe Shares Drop After CEO Exit Sparks AI Concerns
Adobe Systems Inc. faces a significant stock decline following its CEO's unexpected departure, intensifying investor worries about the company's ability to compete in the rapidly evolving AI landscape.
Oil Tops $100, Stocks Fall Over Iran War Concerns
World stock markets decline sharply as oil prices spike above US$100 per barrel due to escalating tensions in Iran, raising fears of broader economic instability and inflation pressures.
Windsor Firm Sues Ex-Accountant Over $700K Gambling Fraud
Brookstone Windows and Doors files $1-million lawsuit against former accountant Eric Richardson, alleging he misappropriated nearly $700,000 for online gambling and destroyed evidence.
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Live Nation Employee Mocks Customers in Court Messages
Internal communications from a Live Nation employee disparaging customers as 'so stupid' have been made public in a legal case, raising concerns about corporate culture and consumer treatment.
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