A Canadian company that manufactures children's toy couches finds itself facing a high bill for import tariffs after bringing production home to this country even though it's no longer importing a majority of its product, after a single component of the couches was reclassified by the Canada Border Services Agency. …
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How a Silicon Valley trend is impacting an $8B Canadian farm industry
Some companies make their products incompatible with other brands, citing copyright reasons, though critics say it prevents competition. Normally associated with the tech industry, the tactic is showing up in new sectors, like farm equipment manufacturing. A new bill hopes to change that. 'Interoperability' refers to two devices' ability to …
Read More »Women drive a lot of vehicle purchases. So why is there still nowhere to store a purse?
Despite women making some notable contributions to vehicle design over the years, most car designers are men. But electric vehicles could usher in a better era for the purses, laptop bags and other belongings because with smaller motors and no transmission tunnel, there’s more room to play with for storage. …
Read More »CMHC says new home construction jumped 14% in February from previous month
Canada Mortgage and Housing Corp. says the annual pace of housing starts in February climbed 14 per cent compared with January. Bounce-back from January was anticipated, says economist The pace of new home construction climbed 14 per cent in February compared to the previous month, Canada Mortgage and Housing Corp. …
Read More »McDonald’s hit by tech outage in several countries around the world
McDonald's said Friday a technology outage had disrupted operations at many of its outlets worldwide, including in Japan, the U.K. and Australia, but it ruled out the possibility of a cybersecurity incident. Fast-food restaurant chain said issue has since been resolved McDonald's apologized Friday for a technology outage had disrupted …
Read More »Hidden cameras capture bank employees misleading customers, pushing products that help sales targets
Current and former employees from BMO, CIBC, RBC, Scotiabank and TD tell Marketplace about immense pressure to meet sales targets — pushing credit cards, mortgage insurance, mutual funds and other products — or risk losing their jobs. Marketplace hidden camera footage captures the big five breaking the law, says bank …
Read More »Left with few options, major U.S. airlines are using Boeing’s safety crisis as leverage
Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. plane maker. Carriers are still negotiating new plane orders despite public displays of …
Read More »Dollar Tree is closing nearly 1,000 U.S. stores a decade after ‘botched’ acquisition
Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago. Discount retailer acquired Family Dollar for over $8B in 2015, had difficulty absorbing the chain Dollar Tree swung to …
Read More »Reddit, birthplace of the meme stock, is going public. Here’s what to expect
When Reddit goes public later this month, it will be the first major social media platform to do so in years. The company is aiming for a target valuation of up to $6.4 billion US when it launches its IPO (initial public offering) on the New York Stock Exchange, giving …
Read More »Shoppers Drug Mart says it doesn’t have medication review targets, but records show it does
More than a dozen current and former Shoppers Drug Mart associate owners and pharmacists tell CBC News the chain set targets for medication reviews, and corporate management pressures owners to meet them. This despite president Jeff Leger's denial last month that the chain has such targets. Current and former owners, …
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