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Business News Summary Headlines

Company releases, economic news, and business coverage.

Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,303.83, up 92.61 points).

Friday, January 18, 2019 | 04:39 PM

GM union workers call on Trudeau for support at Montreal auto show protest

MONTREAL - Unifor's Quebec director Renaud Gagne is calling on Prime Minister Justin Trudeau to follow in Ontario Premier Doug Ford's footsteps by pledging support for General Motors workers faced with a looming plant closure.

"Mr. Ford, the premier of Ontario, joined Unifor this week to say he will support our move to save Oshawa. I would like to hear the prime minister of Canada say the same thing, that he will join the efforts, that he will ask Canadians to put pressure on GM to make sure they change their minds," Gagne said.

Friday, January 18, 2019 | 03:54 PM

Milk vodka? Federal government opens consultations on definition of vodka

The federal government is asking Canadians how they like their vodka.

The Canadian Food Inspection Agency has uncorked consultations on whether to redefine the clear, neutral spirit and open interprovincial trade for craft distillers who want to try something new.

Friday, January 18, 2019 | 03:36 PM

Canadian businessman files lawsuit to find hidden camera culprit

NEW YORK - Canadian businessman Gordon Flatt has filed a lawsuit in a U.S. court to find out who is behind three hidden video cameras he discovered in an apartment he uses in New York.

According to court documents, he and a companion were staying at the property owned by his brother, Brookfield Asset Management Inc. chief executive Bruce Flatt, in October when they discovered three hidden cameras, which allowed a user to access live audio and video remotely.

Friday, January 18, 2019 | 03:27 PM

On the road to make an affordable car, Tesla cuts jobs

Tesla will cut 7 per cent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford.

Tesla's cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive.

Friday, January 18, 2019 | 02:26 PM

Tiffany holiday sales slip as Chinese tourists spend less

NEW YORK - Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling.

The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while travelling due to the strong dollar, making it more expensive to buy Tiffany jewelry outside of its stores in China. The company also says it was hurt by the ups and downs of the stock market, anxiety around Brexit and protests in Paris that forced the company to close its store during some weekends.

Friday, January 18, 2019 | 02:25 PM

N.S. call centre rehires nearly 500 with added benefits, plans to grow workforce

SYDNEY, N.S. - A Cape Breton call centre that abruptly shut down last month, tossing hundreds of people out of work, has hired back more than 90 per cent of its workforce, offering enhanced benefits and increasing entry-level wages.

The Sydney Call Centre Inc. held a ribbon-cutting ceremony Friday to thank the community and celebrate its official reboot and the new company's first payday.

Friday, January 18, 2019 | 01:59 PM

Canadian wheat exports to China soar amid U.S.-China tariff dispute

Canada's wheat exports to China jumped nearly 200 per cent from January to November 2018 as the Asian country stopped buying from American farmers amid a tariff dispute.

Statistics Canada data released Thursday shows total Canadian wheat exports grew nearly 13 per cent during that time from about 15 million tonnes to roughly 17 million tonnes.

Friday, January 18, 2019 | 01:53 PM

Failure of MEG takeover deal is 'credit positive' for Husky, says agency

CALGARY - Shares in oilsands producer MEG Energy Corp. continued to slide Friday after a credit rating agency said rival Husky Energy Inc.'s failure to consummate a hostile takeover bid was actually "credit positive" for Husky.

After falling 35.6 per cent on Thursday, MEG stock traded down by as much as 3.3 per cent on Friday morning on the Toronto Stock Exchange.

Friday, January 18, 2019 | 01:38 PM

Human rights groups set to protest controversial Google project in China

TORONTO - Canadian Google offices are expected to face protests Friday from human rights activists hoping to force the tech giant to confirm it has cancelled a controversial project with the Chinese government.

The coalition of at least eight Chinese, Tibetan and Uyghur organizations said they will rally outside the company's Toronto and Montreal offices to highlight risks associated with Project Dragonfly a search engine they claim the company was secretly building to comply with strict Chinese censorship laws.

Friday, January 18, 2019 | 12:14 PM