Business
CannTrust CEO was warned over illicit pot growing: former compliance worker
By The Canadian Press on December 6th, 2022
TORONTO – A former director of quality and compliance at CannTrust Holdings Inc. says he warned the company’s chief executive that Health Canada could levy penalties if the firm grew pot in unlicensed rooms at its Niagara, Ont. facility. Graham Lee says he told Peter Aceto he wasn’t sure what the exact consequences could be, ... Read More »
Be the first to comment!Book distributor Thomas Allen & Son to close in 2023, pass contracts to Firefly Books
By The Canadian Press on December 6th, 2022
TORONTO – One of Canada’s oldest book distributors, Thomas Allen & Son, will close its doors at the end of March next year. Jim Allen, the president and CEO, says the move is due to “ongoing consolidation” in the publishing industry and the upending of “traditional book distribution practices.” The company, which distributes books, stationery ... Read More »
Be the first to comment!CannTrust CEO warned of consequences of unlicensed growing: former compliance worker
By The Canadian Press on December 6th, 2022
TORONTO – A former director of quality and compliance at CannTrust Holdings Inc. says he warned the company’s chief executive that Health Canada could levy penalties if the firm grew pot in unlicensed rooms at its Niagara, Ont. facility. Graham Lee says he told Peter Aceto he wasn’t sure what the exact consequences could be, ... Read More »
Be the first to comment!S&P/TSX composite down more than 100 points, U.S. stock markets also down
By The Canadian Press on December 6th, 2022
TORONTO – Canada’s main stock index was down more than 100 points in late-morning trading as losses in the energy and technology sectors helped lead the way lower, while U.S. stock markets were also in the red. The S&P/TSX composite index was down 113.53 points at 20,128.73. In New York, the Dow Jones industrial average ... Read More »
Be the first to comment!Canfor temporarily reducing Canadian production due to weak market conditions
By The Canadian Press on December 6th, 2022
VANCOUVER – Canfor Corp. is temporarily reducing its Canadian production due to what it says are very weak market conditions. The Vancouver-based company says there will be curtailments at all of its solid wood facilities in B.C. and Alberta. It says the move will reduce production by about 150 million board feet in December and ... Read More »
1 responseApple Music offers a chance to sing with your favorites
By Mark Kennedy, The Associated Press on December 6th, 2022
NEW YORK (AP) – Apple Music wants to help you and your friends sing along to your favorite songs with a new feature it’s rolling out just as people gather for end-of-year parties. Apple Music Sing gives the user the ability to adjust a song’s vocals and an enhanced beat-by-beat lyric display, which both draw ... Read More »
Be the first to comment!Most unused COVID-19 vaccines will expire at the end of the year: auditor general
By The Canadian Press on December 6th, 2022
OTTAWA – Canada’s auditor general says the government has an oversupply of COVID-19 vaccines and most of them are likely to expire and go to waste at the end of the year. Karen Hogan’s team investigated the how well the federal government did getting ahold of COVID-19 vaccine doses and tracking how many people got ... Read More »
1 responseCOVID-19 benefits helped economy rebound, but post-payment verification lacking: AG
By The Canadian Press on December 6th, 2022
OTTAWA – Canada’s auditor general says COVID-19 benefits were delivered quickly and helped mitigate economic suffering, however, the federal government hasn’t done enough to recover overpayments. In a new report assessing how well the government did getting benefits to people in need, Karen Hogan says the programs delivered relief to workers and employers and helped ... Read More »
1 responseStocks open lower as markets ponder the Fed’s next moves
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 6th, 2022
NEW YORK (AP) – Stocks are off to a lower start and Treasury yields are holding steady as markets ponder the Federal Reserve’s next moves on fighting inflation. The mixed trading comes a day after stocks pulled back as stronger-than-expected readings on the economy raised worries that the Fed has a ways to go in ... Read More »
1 responseCanada posts $1.2B merchandise trade surplus for October: Statistics Canada
By The Canadian Press on December 6th, 2022
OTTAWA – Statistics Canada says the country’s merchandise trade surplus grew to $1.2 billion in October as exports climbed faster than imports. The result compared with a revised surplus of $607 million in September compared with its earlier reading of a surplus of $1.1 billion. The agency says total exports rose 1.5 per cent to ... Read More »
Be the first to comment!Shawcor acquires Kanata Electronic Services, terms not disclosed
By The Canadian Press on December 6th, 2022
TORONTO – Shawcor Ltd. says it has acquired Kanata Electronic Services Ltd., a privately owned manufacturer and supplier of specialty cable assemblies and wire harnesses for the nuclear and aerospace industries. Financial terms of the deal were not disclosed. Shawcor says the Toronto-based company will be integrated into its ShawFlex wire and cable business. Kanata ... Read More »
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