Author: Mario Spencer

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Here’s what Ontario experts say you need to know about the cost of the holidays

There is some optimism in the tea leaves this holiday season even as high prices and interest rates pinch the pockets of Ontarians – that’s the message from industry experts.

Manulife signs reinsurance deal with Global Atlantic, plans to buy back shares

Manulife Financial Corp. has signed a reinsurance deal with Global Atlantic that it says will free up $1.2 billion in capital that it plans to use to buy back shares. The Toronto-based insurer says it is reinsuring $13 billion of reserves to Global Atlantic and its partners.

Toy stores struggle as bargain-hunting is the name of the game this holiday season

Canada’s toy retailers say they’ve long been grappling with the same challenges that nearly killed the ailing company and some fear this holiday season will be difficult as shoppers adopt more budget-conscious behaviours.

Grocer profits set to exceed record in 2023, expert says, ahead of committee meeting

Profits in the Canadian grocery sector will likely exceed $6 billion in 2023, setting a new record as they rise eight per cent from last year, according to the Centre for Future Work. New research by the progressive research institute found that food retailers are now earning more than twice as much profit as they did pre-pandemic.

TD Bank names Ray Chun as new group head of Canadian personal banking

TD Bank Group has named Ray Chun as its new group head for Canadian personal banking.

Indigenous advisory council for CN says railway won’t take responsibility, resigns

A council of prominent Indigenous leaders tasked with advising Canadian National Railway Co. says all 12 members have submitted resignations over what they say is the company’s failure to acknowledge past wrongs and to follow its recommendations for reconciliation.

Wireless companies’ spectrum gains could have lasting effect on 5G quality, pricing

As an underdog in Canada’s recent spectrum auction, Execulink Telecom Inc. CEO Ian Stevens acknowledged that ‘inexperience and budget’ were working against his company compared with some of the bigger players.

Amazon asks U.S. federal judge to dismiss the FTC’s antitrust lawsuit against the company

Attorneys for Amazon on Friday asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant, arguing the agency is attacking policies that benefit consumers and competition.

Elon Musk restores X account of conspiracy theorist Alex Jones

Elon Musk has restored the X account of conspiracy theorist Alex Jones, pointing to a poll on the social media platform formerly known as Twitter that came out in favour of the Infowars host who repeatedly called the 2012 Sandy Hook school shooting a hoax.