Business News Summary Headlines

Company releases, economic news, and business coverage.

More businesses reopen in China, but many people stay home

BEIJING - More offices and stores in Beijing and other parts of China finally reopened Monday after the Lunar New Year break was extended to discourage travel and contain the new coronavirus, but many workers and shoppers appeared to stay home.

Public health authorities are watching closely to see whether the return to business worsens the spread of the virus, which has infected more than 40,000 people globally and killed over 900, with the vast majority of cases in China.

Monday, February 10, 2020 | 03:33 PM

Ontario considers cannabis lounges, cafes as part of future open market

TORONTO - Premier Doug Ford's government said it is considering allowing cannabis lounges and cafes as it moves toward an open market for pot in the province, and is asking the public to weigh in on the proposal.

The government said Monday it will consult on the possibility of so-called "consumption venues" as well as special occasion permits that would apply to outdoor festivals and concerts.

Monday, February 10, 2020 | 02:00 PM

New Brunswick Green leader launches his 'budget with a heart' tour

FREDERICTON - As New Brunswick's Progressive Conservative government prepares to table a provincial budget, the province's Green leader is doing his own pre-budget consultation.

David Coon is calling the initiative his "budget with a heart" tour.

Monday, February 10, 2020 | 01:09 PM

'Sizable gap' between Tim Hortons performance and capability, CEO says

Sales and franchisee profits at Tim Hortons fell in its most recent quarter, prompting parent company Restaurant Brands International Inc. to launch a back-to-basics approach to regain momentum.

"There is clearly a sizable gap between what this brand is capable of and the performance we've delivered," said CEO Jose Cil during a conference call with analysts Monday after the company released its fourth-quarter and full-year financial results.

Monday, February 10, 2020 | 12:12 PM

Annual pace of housing starts in January up from December, tops expectations

OTTAWA - The pace of housing starts climbed in January from a month earlier on gains in Ontario and Quebec while starts declined in Western Canada, said Canada Mortgage and Housing Corp.

The federal housing agency said Monday that January saw a seasonally adjusted annual rate of 213,224 units started, up 8.8 per cent from the 195,892 starts in December. Of those, rural starts were estimated at a seasonally adjusted annual rate of 10,817 units.

Monday, February 10, 2020 | 11:55 AM

A look at how workplaces can prepare for possible coronavirus outbreak

TORONTO - Companies wary of what an infectious outbreak could do to their workforce and bottom line are revisiting contingency plans as the new coronavirus continues to spread.

Marie-Helene Primeau of the Montreal-based risk management company Premier Continuum says she's spent recent days fielding questions from several firms seeking guidance on what to do if the rapidly spreading illness that originated in China threatens the health of employees and customers.

Monday, February 10, 2020 | 10:47 AM

SNC-Lavalin announces Jeff Bell as new chief financial officer

MONTREAL - SNC-Lavalin has named Jeff Bell as its next chief financial officer as part of the company's ongoing renewal process.

Bell, a former group chief financial officer for British energy services firm Centrica, will join SNC as executive vice-president on Tuesday and take over as chief financial officer from current chief financial officer Sylvain Girard on April 14.

Monday, February 10, 2020 | 08:07 AM

Five things to watch for in the Canadian business world in the coming week

TORONTO - Five things to watch for in the Canadian business world in the coming week:

Corporate earnings

Sunday, February 09, 2020 | 10:00 AM

Cannabis 2.0 offers window into pot returns policies and challenges

TORONTO - Soon after cannabis products started flying off shelves following legalization, Canopy Growth Corp. had an $26.9 million problem.

The Smiths Falls, Ont.-based company told investors and analysts during a November conference call to discuss its financial results that it was grappling with $20.5 million worth of product being returned from provincial retailers and bracing itself for another $6.4 million worth that was on the way.

Sunday, February 09, 2020 | 10:00 AM

A look at how workplaces can prepare for possible coronavirus outbreak

TORONTO - Companies wary of what an infectious outbreak could do to their workforce and bottom line are revisiting contingency plans as the new coronavirus continues to spread.

Marie-Helene Primeau of the Montreal-based risk management company Premier Continuum says she's spent recent days fielding questions from several firms seeking guidance on what to do if the rapidly spreading illness that originated in China threatens the health of employees and customers.

Sunday, February 09, 2020 | 09:23 AM