Financial Post (53)

Wine industry ablush as Canadians quaff record amounts of the photogenic pink drink

Canadians can't get enough with skyrocketing sales in North America spawning an entire economy of tourism, T-shirts and Instagram marketing

Lawyers argue about which competing bid for Winnipeg Sears store should proceed

RioCan made its bid after Sears accepted a $5 million offer for the property from WCRE Investments Ltd. The court will decide by Friday if RioCan can still bid on it

Ontario tweaks labour reform bill, but no changes to minimum wage phase-in

The minimum wage is set to rise from $11.60 in October to $14 in January, and $15 in 2019. But businesses say the increases will be tough to absorb in less than 18 months

Why this investor plans to vote 'no' to Home Capital's plan to issue more shares to Berkshire Hathaway

Like many shareholders, Rick Durst wonders why Home Capital's share price has been on a steady slide since the Berkshire Hathaway announcement was made

Bayer faces in-depth EU review of $66 billion Monsanto deal

There are concerns the deal to create the world's largest pesticides and seeds company risks raising prices for farmers, lowering quality and reducing choice

China's Great Wall says it's watching Fiat Chrysler, but no talks between companies yet

China's largest sport utility vehicle manufacturer said on Monday the company was interested in all or part of FCA, owner of the Jeep and Ram truck brands

Canadian banks earnings season expected to be strong thanks to robust economy

Analysts expect modest improvements from the Big Six banks, which launch their quarterly earnings reports beginning with Royal Bank on Wednesday

Canadian retail sales cool in June as interest rate hike still expected

The strength of the economy this year helped spur the Bank of Canada last month to raise rates for the first time in nearly seven years

TD Securities chooses Dublin for European Union trading hub post-Brexit

Dublin is the second most popular destination — after Frankfurt — for financial-services companies seeking uninterrupted EU access following Brexit

BHP bows to activists with new plans to exit shale, delay potash

'We will be flexible with our plans and commercial in our approach'

Total SA snubs 'expensive' U.S. shale with North Sea-focused deal

When Total SA warned last month it was ready for acquisitions, U.S. shale assets weren't at the top of its shopping list

Judge orders Montana congressman photographed, fingerprinted

HELENA, Mont. , A judge has ordered Montana Rep. Greg Gianforte to be photographed and fingerprinted for assaulting a reporter, opening the possibility of political opponents using the congressman's mug shot next year when he is up for re-election. Justice Court Judge Rick West ordered Gianforte, a ...

Berkshire's flop on Oncor adds to Buffett's dealmaking woes

Warren Buffett's US$9 billion bid for Oncor Electric Delivery fell apart and follows his failed attempt to help Kraft Heinz in a proposed buyout of Unilever

J&J ordered to pay $417 million in trial over talc cancer risks

The jury's verdict was the largest yet in lawsuits alleging J&J failed to adequately warn consumers about the cancer risks of its talc-based products

Four years and interest from four private equity firms later, Sandvine is set to be sold

The price Sandvine's shareholders are being offered is the highest that other potential acquirers had discussed

Bitcoin analysts are competing for the highest price forecast

The consensus is that bitcoin will face some resistance around US$4,500 to US$4,800 and correct, before continuing to rally

Jury awards woman $417M in lawsuit linking talc in baby powder to cancer

California resident Eva Echeverria alleged the company failed to adequately warn consumers about the potential talcum powder cancer risks

U.S. houses using more Russian lumber, thanks to Canada spat

Offshore softwood-lumber imports into the U.S. in the first half of the year rose 38 per cent, while shipments from Canada fell 1 per cent

Warburg Pincus makes major investment in Ontario-based cybersecurity firm eSentire

Financial terms were not disclosed, but the investment is 'well north' of the US$34.5 million already raised by eSentire, its CEO said

The Phillips Curve is broken — here's why that is keeping economists up at night

The Phillips Curve is a model that economists use to describe the inverse relationship between the level of unemployment and the rate of inflation

Historic eclipse will test U.S. power grids with 12,000 megawatts expected to fall offline

This is the first major test of the power grid since America started bringing large amounts of intermittent solar and wind resources onto the system

Warburg Pincus to make major investment in Ontario-based cybersecurity firm eSentire

Financial terms were not disclosed, but the investment is 'well north' of the US$34.5 million already raised by eSentire, its CEO said

Hit the brakes! Your car is now worth less than you think

The average used car lost 17 per cent of its value in the past 12 months, dropping from US$18,400 to US$15,300

Sempra Energy beats out Berkshire with US$9.45 billion offer for Oncor

Just six weeks ago, Berkshire struck a deal to buy Oncor for US$9 billion. Shortly after, Elliott Management fired back saying it was pulling together a rival bid

Downside to easy approval? Home equity lenders say they 'fill a need,' critics warn of risk

While federally regulated banks dominate Canada's residential mortgage lending market, business appears to be growing for 'alternative' lenders

If NAFTA talks turn ugly, economic cooling could turn into a deep freeze

A revamped trade agreement will be born into a new economic world, if already weakening signs of growth and trends in history are any indication

Home Capital had two PE suitors but chose Buffett's bid to secure 'greatest acceptance' from markets: documents

One suitor even sweetened its offer after the lender accepted Buffett's bid

Why Apple's $2.5 billion Maple issue is set to be the benchmark for foreign investors

What next after Apple? That's the challenge for the next bond issuer, given the "WOW" factor that accompanied this week's first issue in the domestic market

Toronto judge approves $500,000 hardship fund for former Sears Canada employees

The fund will help former employees facing difficulty who would have otherwise been eligible for severance payments when they lost their jobs

Here's why everybody is so interested in Canada's inflation data today

Economists are calling for an October rate hike after Canadian consumer prices showed some signs of life

TMX asks Canadian regulators for rules on U.S.-linked pot stocks

The move seeks to draw a line under policy uncertainty that pits more liberal rules around cannabis compared to the Trump administration

Counting the cost of CIBC's exit from co-branded retail electronic banking services

CIBC's efforts to provide back office services to another institution has not been a great experience for shareholders

Creditor group wants to sue Sears Canada executives, board for negligence

The creditors say they will seek a motion to lift the court-ordered stay that now protects the retailer during bankruptcy proceedings

Creditor group wants to sue Sears executives, board for negligence

The creditors says they will seek a motion to lift the court-ordered stay that now protects the retailer during bankruptcy proceedings

As Dakota Access comes online, America's most pipeline-constrained shale play sees new life

The completion of the Dakota Access pipeline in June has upended the region's dependence on rail — good news for Calgary's Enerplus

Creditor group wants to sue Sears executives, board

Traugott Building Contractors Inc., owed $2.75 million, and Rossclair Contractors Inc., owed $581,650, are among the companies who want to make the claim

Counting the cost of CIBC's exit from co-branded retail electronic banking services

The scrapped Loblaw deal marks the third memorial/tombstone commemorating CIBC's push to provide back office banking services to customers of another financial institution. That experience has not been great for CIBC shareholders

Trump's business credibility is in tatters following his comments on the violence in Charlottesville

Taking a stand against intolerance and extremism should be seen as a basic qualification in order to run a global business

Walmart Canada's strategy to draw in customers by lowering prices pays off in second quarter

Walmart Canada's same-store sales growth outperformed the U.S., U.K. and China

Electric car threatens oil's century-long reign, but change will be slower than the hype

Oilsands' top players are already envisioning the future in a 'carbon-constrained' world

Electric car threatens oil's century-long reign, but change will be slower than the hype

Battery power may have seemed like the future of the automotive sector when William Morrison, a Scottish inventor, debuted his electric car prototype at a parade in Des Moines, Iowa, in 1888. At the time, the gasoline-powered vehicles entering the market were bizarre, finicky things. They were ...

NAFTA: Early indications suggest autos will emerge as U.S. priority No. 1

Canada and Mexico pushed back against the idea of an American-made quota in auto manufacturing

Head of Sears Canada steps down to launch bid for troubled retailer

The executive chairman of Sears Canada has stepped down in order to focus on making a bid for the insolvent retailer, currently operating under court protection

Trusts enter the world of capital pool companies to offer tax, time and cost advantages

The innovation significantly streamlines the listing process for a future REIT or trust listing candidate by removing the need for a conversion from company to trust at the time of listing

Simplii's not-so-simple task: Retain 2M customers after CIBC-Loblaws break up

It is not clear whether CIBC intends to find another retail partner to offer loyalty points, which, along with no-fee banking, was part of the value proposition at PC Financial

Rising cost estimates prompt Ontario to rethink private-sector power project

The East-West Tie Line between Thunder Bay and Wawa in northwestern Ontario is expected to cost $777.2-million, up from the original estimate of $419 million

What's the switch to Simplii means for President's Choice Financial customers

Which accounts will move, can I still use my debit card and what happens to my points? Your questions answered here

Trump says in tweet Amazon does 'great damage' to retailers

Trump's remarks come as brick-and-mortar chains are suffering from sluggish mall traffic and an exodus of shoppers to e-commerce

England-based TransferWise brings its 'Borderless' bank account to Canada

The platform works by allowing users to set up quasi-local bank accounts in the U.S., U.K. and Europe to easily store, send and receive money

Costco made $3.7 million selling 'Tiffany' rings. Now it must pay $19 million to the real Tiffany

Her decision followed a jury verdict in 2015 which found that Costco had received a profit of $3.7 million from falsely using the Tiffany brand