Company releases, economic news, and business coverage.
BRAMPTON, Ont. - Prime Minister Justin Trudeau was on hand Thursday for the official opening of Amazon Canada's new warehouse and distribution centre in Brampton, Ont.
Trudeau says the high-tech facility will create more than 700 full-time jobs.
TORONTO - Postmedia said Thursday it plans to reduce its salary costs by 20 per cent through voluntary staff buyouts, adding that layoffs are possible if that target isn't met as it announced net losses that nearly doubled in its most recent quarter.
Staff have until Nov. 8 to apply for the buyouts, the company said, with reductions coming from all levels and operations.
TORONTO - Canada's print media landscape has suffered more than its fair share of casualties this year, with buyouts and layoffs a common recurrence in the industry. On Thursday, Postmedia announced it plans to reduce its salary expenses by 20 per cent through voluntary staff buyouts, though it acknowledged layoffs are possible if its target isn't met.
Here's a look at some of the other blows sustained by the print media sector in 2016:
BRUSSELS - The European Union president has warned that if a free trade deal with Canada fails due to the opposition by a small Belgian region, it could mean the end of such agreements with any other country.
EU President Donald Tusk and the 28 EU leaders are pushing hard to have Belgium's francophone Wallonia region back the so-called CETA deal, which needs unanimity among all EU members. Belgium can only back it if it has unanimity among all of its regions.