November 21st, 2019

Business

Waterloo Brewing loses $2.1 million in social engineering cyberattack

By The Canadian Press on November 21st, 2019

KITCHENER, Ont. – Waterloo Brewing Ltd. says it has lost $2.1 million in what it calls a social engineering cyberattack. The Ontario brewery says the incident occurred in early November and involved the impersonation of a creditor employee and fraudulent wire transfer requests. Waterloo Brewing says it initiated an analysis of all other transaction activity ... Read More »

Be the first to comment!

UAW president steps down as GM sues rival over union bribery

By Tom Krisher, The Associated Press on November 20th, 2019

DETROIT – United Auto Workers President Gary Jones abruptly resigned Wednesday, capping a tumultuous day that saw union leaders move to oust him and General Motors accusing rival Fiat Chrysler in a lawsuit of bribing union officials to get more favourable contract terms from the UAW. Jones has notified the union that he would retire, ... Read More »

Be the first to comment!

Foreign ski-area investors sue US over residency petitions

By Lisa Rathke, The Associated Press on November 20th, 2019

MONTPELIER, Vt. – Foreigners who invested in northern Vermont ski area developments that are now linked to a fraud case are suing the federal government for failing to act on their petitions for U.S. residency. The 74 investors bankrolled $500,000 each in projects at Jay Peak and Burke Mountain through a visa program with hopes ... Read More »

Be the first to comment!

CP Rail to acquire railway that owns tracks involved in Lac-Megantic disaster

By The Canadian Press on November 20th, 2019

CALGARY – Canadian Pacific Railway Ltd. says it will acquire the Central Quebec and Maine Railway, which operates the tracks at the centre of the Lac-Megantic disaster in 2013. CP Rail and Fortress Transportation and Infrastructure Investors LLC, a New York investment firm, say they have entered into a definitive agreement for the nearly 800 ... Read More »

Be the first to comment!

Legault not ruling out a ‘Quebec Amazon’ to promote local retailers

By The Canadian Press on November 20th, 2019

QUEBEC – Premier Francois Legault is open to the creation of a Quebec version of Amazon, which his economy minister described Wednesday as a way to serve nationalist customers. Legault and Pierre Fitzgibbon spoke Wednesday about an “Amazon Quebec” ahead of a meeting with representatives of the online giant’s Canadian division. The premier told reporters ... Read More »

Be the first to comment!

Apple cancels premiere of ‘The Banker’ over ‘concerns’

By Jake Coyle, The Associated Press on November 20th, 2019

NEW YORK – Apple has cancelled the premiere of one of the tech company’s first original films, “The Banker” the day before it was to debut at Los Angeles’ AFI Film Festival. In a statement Wednesday, Apple said that last week it learned of “some concerns” surrounding “The Banker” and needs “some time to look ... Read More »

Be the first to comment!

TSX dips for third straight day while loonie drops to lowest level in six weeks

By The Canadian Press on November 20th, 2019

TORONTO – Canada’s main stock index dipped for a third straight day as investors responded to reports that an interim trade deal may not be completed this year. The S&P/TSX composite index closed down 5.58 points at 17,005.82. In New York, the Dow Jones industrial average lost 112.93 points at 27,821.09. The S&P 500 index ... Read More »

Be the first to comment!

CN Rail strike and lack of trucking alternatives stoke forestry industry fears

By Dan Healing, The Canadian Press on November 20th, 2019

CALGARY – A chronic shortage of truck drivers across Canada is compounding the effects of a strike at Canadian National Railway Co., says the CEO of the Forest Products Association of Canada. “While FPAC respects the collective bargaining process, and the right of workers to go on strike, we are concerned about the devastating economic ... Read More »

Be the first to comment!

Canadian class action proposed over alleged carcinogenic herbicide

By The Canadian Press on November 20th, 2019

TORONTO – Lawyers for a group of Canadians who blame their own or their loved ones’ cancer on exposure to a herbicide have filed a series of proposed class-action lawsuits against the product’s manufacturer. The untested statements of claim filed in Ontario, Alberta and British Columbia allege that Monsanto, and its new owner Bayer, acted ... Read More »

Be the first to comment!

Lowe’s to close 34 “underperforming” stores across six provinces, vexing Quebec

By Christopher Reynolds, The Canadian Press on November 20th, 2019

Lowe’s Companies Inc. said Wednesday it will close 34 “underperforming” stores across six provinces as part of a restructuring of its Canadian business, raising hackles in Quebec over the fate of local hardware mainstay Rona. The stores include 26 Ronas, six Lowe’s and two Reno-Depots spread from Prince George, B.C., to Dartmouth, N.S. “Closing underperforming ... Read More »

Be the first to comment!