Business

Metro Inc. president and CEO Eric La Flèche spoke Monday at a House of Commons committee meeting after research found that profits in the Canadian grocery sector will likely exceed $6 billion this year, setting a new record. Committee hearing comes as new research forecasts record profit of $6B for …

A council of prominent Indigenous leaders tasked with advising Canadian National Railway Co. has resigned over what they say is the company’s failure to acknowledge past wrongs and follow its recommendations for reconciliation. ‘Our utility to CN is no longer worth the effort that we’re putting out,’ says co-chair Murray …

SmileDirectClub is shutting down just months after the struggling teeth-straightening company filed for Chapter 11 bankruptcy protection. Filing at end of September showed teeth alignment company was $900M in debt, SmileDirectClub is shutting down just months after the struggling teeth-straightening company filed for bankruptcy protection. In a Friday announcement, the …

According to data obtained by CBC Hamilton, on average per year the Rental Housing Enforcement Unit receives over 18,400 calls, opens 1,500 cases and investigates around 200 cases. But a Hamilton tenant hopes she can find justice with the unit, despite its track record.  A Hamilton tenant fighting a renoviction …

A worker fills up a container with fuel at a gas station in Quezon City, suburban Manila on June 7, 2022. (AFP / Jam Sta Rosa)  MANILA, Philippines — Oil companies are set to reduce prices on Tuesday, December 12. Shell, CleanFuel, SeaOil and Caltex announced that they will decrease the …

AC Health president and CEO Paolo Borromeo (second from left) shakes the hand of MSD Asia Pacific president David Peacock to seal their strategic collaboration to offer high-quality but affordable cancer care in the Philippines. With them are Healthway Philippines Inc. president and CEO Jaime Ysmael (left) and MSD Philippines …

The element is most commonly associated with party balloons, but it has myriad other applications. It’s also currently in short supply — and fetching high prices.  Tight supply, high prices have prompted a rush of acivity in Alberta, Saskatchewan. To the untrained eye, the collection of pipes and structures rising …

Japan’s Tiger  Resorts, Leisure and Entertainment Inc., (TRLEI) the operator of Okada Manila, has entered into an agreement to acquire Dennis Uy’s hotel and casino project in Cebu.  TRLEI, in statement posted on its website late Friday, said it entered into a preliminary agreement to acquire majority stake in Emerald …

DBS senior economist Radhika Rao said the Philippines undertook one of the most aggressive rate hike cycles to ward off inflation risks this year. (Philstar.com / File Photo)  MANILA, Philippines — Singapore-based DBS Bank Ltd. forecasts that the Bangko Sentral ng Pilipinas (BSP) is unlikely to swiftly enact monetary policy …

Short-term rental managers across B.C. are lamenting the demise of their business model, while real estate agents say owners of investment properties are being forced to sell at a loss or risk being unable to pay their mortgage.  B.C.’s housing minister said Airbnb property managers should find new jobs. Nancy …