Manulife says its coverage of certain specialty prescription drugs will only apply at Loblaw-owned pharmacies, raising questions over the relationship between insurance providers and major pharmacy retailers. Exclusive coverage deal for some specialty drugs marks will impact personal care, says pharmacist Manulife says its coverage of certain specialty prescription drugs …
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Rapid loans at up to 47% interest ‘one notch short of loan-shark stuff,’ says debt counsellor
Ottawa has proposed regulatory changes that would lower the criminal interest rate from the equivalent of 47 per cent annual percentage rate (APR) to 35 per cent APR. But credit counsellors and poverty activists say that alone won’t address the reasons why people turn to alternative lenders. Ottawa has proposed …
Read More »Toyota warns 7,300 Canadians to stop driving, get immediate repairs
Toyota Motor Corp. is urging owners of certain older vehicle models to stop driving and get immediate repairs because an airbag inflator could explode and potentially kill motorists. Company reissues warning from 2015, trying to reach remaining owners Toyota Motor Corp. is urging owners of certain older vehicle models to …
Read More »Industry minister urges Competition Bureau to conduct followup study of grocery prices
Innovation, Science and Industry Minister François-Philippe Champagne is calling on the Competition Bureau to use its new powers to take another look at the cost of groceries in Canada. Competition Bureau report released last June says Canada's grocery sector suffers from lack of competition Innovation, Science and Industry Minister François-Philippe …
Read More »Pickleball: the latest tenant to volley its way into old shopping malls
Industrial and commercial spaces are adapting to the growing popularity of pickleball, a paddle sport whose advocates say doesn't have enough places to play the game. That's led to shopping malls converting closed department stores into multi-court spaces. Growing popularity of the paddle sport leads to unique locations of play …
Read More »Evergrande ordered to liquidate after it fails to reach restructuring deal with creditors
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policy-makers scramble to contain the deepening crisis. World's most indebted developer unable to reach restructuring deal with creditors A Hong Kong court on …
Read More »Canadian energy producers dismayed by Biden’s move to pause U.S. LNG approvals
Canada's energy industry is reacting with dismay to U.S. President Joe Biden's move to pause approvals of new liquefied natural gas export terminals in that country. Election-year decision comes as U.S. gas shipments to Europe and Asia have soared Canada's energy industry is reacting with dismay to U.S. President Joe …
Read More »Rogers Sugar announces tentative deal in Vancouver refinery strike
140 workers, represented by the Private and Public Workers of Canada Local 8, have been striking since Sept. 28. Main issue in the strike was the company's demand to ramp up operations to 24 hours a day year-round Rogers Sugars has announced a tentative agreement with the union representing 140 …
Read More »U.S. trade officials among those concerned about Quebec’s new French-language sign rules
Quebec predicts it will cost businesses provincewide $7 million to $15 million, but there is a long list of big box storefronts with dozens of locations that appear to be non-compliant and in need of either retrofitting or all new signs by June 1, 2025. Legal expert, Retail Council of …
Read More »Netflix reports the money is rolling in — and so are advertisements for Canadian subscribers
Netflix is fully eliminating the cheapest plan available to Canadians on the streaming platform without advertisements, cutting it off from existing subscribers after making it unavailable to new customers last summer. Streaming giant also beat analyst expectations, with millions of new customers Netflix told investors it has added millions of …
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