EconomyLoop
where regional business news becomes global to everyone

As Legalization Looms, Canadian Companies Rush To Produce Weed Drinks

The first time Dooma Wendschuh tried brewing cannabis into beer, it "tasted like rotten broccoli," the co-founder of Belleville, Ont. startup Province Brands told The Guardian. But once he figured it out, the resulting "beer" _ which is gluten-free a... read more

 Huffington Post5 hours ago

     
Vandal Doughnuts In Halifax Shop Celebrates Pride With Kinky Trump 'Dumbnut'

HALIFAX _ U.S. President Donald Trump _ or at least a culinary version of him _ may be rendered speechless after a Halifax-based doughnut shop released a new creation to celebrate Pride Week.Vandal Doughnuts recently came out with a sticky-sweet trea... read more

 Huffington Post10 hours ago
Did Canada Gain 100,000 Jobs Or Lose 28,000? Employment Data Is All Over The Map

The latest report on the health of Canada's job market landed on Thursday, with the monthly ADP Canada survey showing the country lost 10,500 non-farm payroll jobs in June."We saw a significant dip in job growth in Canada for the month of June," ADP ... read more

 Huffington Post11 hours ago
Loblaw Recalls No Name Chicken Nuggets Due To Possible Salmonella Risk

OTTAWA _ Loblaw Companies Ltd. is recalling certain No Name brand Chicken Nuggets due to possible salmonella contamination.The nuggets were sold in 907 gram packages (UPC code 0 60383 89685 0) and should be thrown out or returned to the store where t... read more

 Huffington PostYesterday
Did You Fib On Your Mortgage Application? There May Be Trouble Ahead

With house prices rising sharply in some Canadian cities, the pressure on homebuyers to get into the market has grown intense. We are a homeowner society, after all, and for many people, a house or condo is the ultimate status symbol.But with housing... read more

 Huffington PostYesterday
Canada’s Best Cities For Jobs And Affordable Homes Are Very Different From 5 Years Ago

The West is out, and government towns are in.That might be an oversimplification of what's happening with Canada's regional economies, but it nicely summarizes the results of a new ranking from Bank of Montreal.Economists at the bank ranked 20 cities... read more

 Huffington Post2 days ago
Canada's Premiers Agree To Increase Amount Of Alcohol Flowing Across Provincial Borders

ST. ANDREWS, N.B. _ Canada's premiers are set to wrap up their two-day meeting in New Brunswick with a deal that will effectively double the amount of beer and alcohol that can be taken across provincial and territorial borders.A source familiar with... read more

 Huffington Post2 days ago
Canada's Cost Of Living Rises At Fastest Pace In More Than 6 Years, Statistics Canada Says

OTTAWA _ The country's annual inflation rate rose to 2.5 per cent in June as consumer prices grew at their fastest pace in more than six years, Statistics Canada said in a report Friday.The federal agency's latest inflation number received a boost fr... read more

 Huffington Post2 days ago
A First Look Inside Nova Scotia's 'Unique' Cannabis Store

HALIFAX _ The Nova Scotia Liquor Corp. offered a glimpse inside one of its coming cannabis stores Wednesday, showcasing a unique retail hybrid not likely found anywhere else in the world.NSLC president and CEO Bret Mitchell took media on a tour of th... read more

 Huffington Post3 days ago
Mark Zuckerberg: Holocaust Denial Content Won't Be Removed From Facebook

Mark Zuckerberg got himself into hot water Wednesday after suggesting that Holocaust deniers are not "intentionally getting it wrong" while explaining why they won't be policed on Facebook.In a lengthy interview with Recode published Wednesday, Recod... read more

 Huffington Post3 days ago
Hundreds Of European Passengers Stranded In Montreal After Level Cancels Flights

MONTREAL _ During their two-week Canadian vacation, Jessie Brillouet and her three friends visited Niagara Falls and went whale watching in Tadoussac, Que. _ but they've also seen more of Montreal's Pierre Elliott Trudeau airport than they ever wante... read more

 Huffington Post3 days ago
Costco Grocery Delivery Comes To Canada, Starting With Southern Ontario

The ritual family excursion to the local Costco warehouse could be a thing of the past for some customers, with the wholesaler announcing Wednesday that it's beginning to expand its grocery delivery service to Canada.For the time being, the online or... read more

 Huffington Post4 days ago
A Toronto Condo Now Costs What A Single-Family Home Cost 6 Years Ago

If you're a homebuyer looking to crack into the Greater Toronto Area market, this story will make you wish you were born six years earlier.That's because as recently as six-and-half years ago, you could have bought an average detached home for the sa... read more

 Huffington Post4 days ago
Condo Pot Smoking Bans Ahead Of Legalization Have People Burning Up

TORONTO _ Gerald Major goes out on the back balcony of his condo several times a day, leaning against the wall and smoking or vaping medicinal cannabis to ease the pain and other symptoms of severe arthritis.But the looming legalization of recreation... read more

 Huffington Post4 days ago
Loblaw Says No Evidence It Used Barbados Bank To Hide From Taxes

TORONTO _ A lawyer for Loblaw Companies Ltd. told a Toronto court today there is no evidence to back the Canada Revenue Agency's allegations that its Barbadian banking subsidiary was misused for tax avoidance.Loblaw's lawyer Al Meghji said in his clo... read more

 Huffington Post5 days ago
Jeff Bezos, Amazon Founder, Becomes Richest Person In Modern History

Jeff Bezos, the founder and CEO of Amazon and owner of the Washington Post, became the richest person in modern history on Monday, amid website outages during the online retailer's Prime Day and labour action in a number of countries.Bezos' net worth... read more

 Huffington Post5 days ago
Canadian Housing Market Climbing Out Of Slump, But Still Far From Rebound

TORONTO _ Canadian housing activity appears to be climbing out of its slump, but is still far from a rebound.The Canadian Real Estate Association (CREA) said Monday sales in June were up 4.1 per cent compared with May, marking what the board describe... read more

 Huffington Post6 days ago
U.S. Responds To Canada's Retaliatory Tariffs With World Trade Organization Challenge

OTTAWA _ The United States says it's firing back at the Canadian government's recent retaliatory tariffs on American imports by launching a formal challenge with the World Trade Organization.The federal Liberal government introduced reciprocal duties... read more

 Huffington Post6 days ago
Trudeau Youth Council Members Urge PM To Cancel Trans Mountain Buyout

OTTAWA _ Members of Justin Trudeau's youth council are urging the prime minister to withdraw his decision to buy Kinder Morgan's Trans Mountain pipeline.Sixteen past and present members of the youth council are releasing a letter to Trudeau expressin... read more

 Huffington Post6 days ago
Canada's Senior Homeowners To Buyers: Back Off, We're Not Going Anywhere

One of the reasons house prices have shot up in many Canadian cities, observers say, is that there are fewer homes for sale than there used to be.And one of the reasons for the shortage is that current owners of suburban homes are selling their homes... read more

 Huffington Post6 days ago
How To Buy Canadian At The Grocery Store

TORONTO _ Some consumers have vowed to take their patriotism to the supermarket and buy only made-in-Canada products after the federal government slapped retaliatory tariffs on dozens of U.S. goods as part of an escalating trade war with the country'... read more

 Huffington Post6 days ago
Montreal's La Presse Adopts Not-For-Profit Structure

Montreal-based La Presse news group says it has officially adopted a not-for-profit structure.President Pierre-Elliott Levasseur announced on La Presse's website that the outlet is fully independent from the Power Corporation of Canada as of Saturday... read more

 Huffington Post6 days ago
U.S.-China Trade War Hurting Canadian Companies, Consumers

OTTAWA _ Grim scenarios of collateral damage for Canadian consumers and businesses are emerging in response to escalating the U.S.-China trade war.The Trump administration has taken aim at China by imposing a 25 per cent tariff on goods worth U.S. $3... read more

 Huffington Post7 days ago
Bank Of Canada's Stephen Poloz Suggests Buying A Smaller Home, After Hiking Interest Rates

The governor of the Bank of Canada, Stephen Poloz, had some advice this week for Canadians facing higher housing costs thanks to the Bank's interest rate hike: Just buy a smaller house."People who don't qualify for a mortgage on the house they wish t... read more

 Huffington Post8 days ago
Plastic Straw Bans Are Also A Play For Millennial Customers

... read more

 Huffington Post8 days ago
Hudson's Bay Dropping Ivanka Trump's Clothing Line

Ivanka Trump's clothing line will no longer be sold at Hudson's Bay department stores, the Hudson's Bay Company said Friday, and the retailer has already dropped the brand from its website.It will phase out the brand at its stores throughout the fall... read more

 Huffington Post9 days ago
2008 Greyhound Beheading To Blame For Bus Ridership Drop, Joe Hargrave Says

REGINA _ The minister for Saskatchewan's Crown Investments Corp. says a beheading on a Greyhound bus in Manitoba 10 years ago was the tipping point for bus ridership in his province.Joe Hargrave says ridership on what was the government-owned Saskatc... read more

 Huffington Post9 days ago
Toronto Trump Tower Developer Paid $100 Million To Kremlin-Linked ‘Fixer’: Report

An investigation into the troubled development formerly known as the Trump International Hotel & Tower in Toronto has found evidence of financial links between the building's developer and the top echelons of the Russian government.According to docum... read more

 Huffington Post9 days ago
Ontario's Electric Car Rebate Program Cancelled So Doug Ford Can Lower Gas Prices

Sorry, electric car drivers, you're officially out of fashion in Ontario.The province's new government has cancelled the rebate program for buyers of electric and hydrogen vehicles, just as sales of the vehicles were soaring thanks to the arrival of ... read more

 Huffington Post10 days ago
Canadian House Prices Have Recovered Their Losses From The Slump, Index Shows

All the new headwinds facing Canada's homebuyers _ from tough new mortgage "stress tests" and foreign buyers' taxes to rising interest rates _ haven't stopped house prices from returning to growth.The latest edition of the Teranet/National Bank house... read more

 Huffington Post10 days ago
Greyhound Package Business In Western Canada Ripe For Replacement By Other Firms

CALGARY _ Package delivery firms say they are prepared to fill the gap when Greyhound Canada closes most of its Western Canada operations this fall.The company says its Greyhound Package Express service will no longer be available in most parts of B.... read more

 Huffington Post10 days ago
McDonald's Canada To Buy 'Sustainable' Beef, Says It's First In Canada To Do So

TORONTO _ McDonald's Canada says it will be the first Canadian company to acquire beef that is "certified sustainable'' according to standards outlined by the Canadian Roundtable for Sustainable Beef (CRSB).The chain says more than 20 million of its ... read more

 Huffington Post10 days ago
Doug Ford Government Cuts Deal For Hydro One CEO, Board To Resign

TORONTO _ The CEO of Hydro One is retiring immediately and its board of directors will resign and be replaced in an agreement with the provincial government.A statement from Hydro One says the new board of directors will initially consist of 10 membe... read more

 Huffington Post11 days ago
Trudeau Government Shares Trump's Worry About Russian Pipeline To Germany

The Trudeau government and the Trump administration have found a rare patch of common ground at the NATO summit in Brussels _ shared concern about a proposed Russian pipeline that would cross through the Baltic Sea into Germany.Canada has "significan... read more

 Huffington Post11 days ago
Jagmeet Singh: Greyhound Service Cuts Put Indigenous Women In Danger

OTTAWA _ Federal NDP Leader Jagmeet Singh is calling on the Liberal government to come up with a way to keep Greyhound buses on Canadian highways and servicing remote northern communities.In a letter to Justin Trudeau. Singh urges the prime minister ... read more

 Huffington Post11 days ago
I Watched My Immigrant Father Build His Business In White Canada

It's 9 a.m. on a Monday in September of 2008. I should be sitting behind a worn wooden desk, trying to stay awake in my Grade 8 social studies class, worrying about whatever 13-year-olds worry about. Instead, I'm sitting at the far end of a glossy ne... read more

 Huffington Post11 days ago
Canadian Telecoms Make The Most Revenue Per Wireless GB In The World: Tefficient Report

Canadian wireless users have some of the lowest data usage in the world, but Canadian telecom companies make the most money off the customers they have, a new report shows.A study by telecom comparison site Tefficient looked at data usage per SIM car... read more

 Huffington Post11 days ago
Bank Of Canada Raises Key Lending Rate To 1.5%. Here's What That Means For You

As expected, the Bank of Canada raised its key lending rate on Wednesday to 1.5 per cent, the fourth rate hike in roughly the past year.The bank's key rate is directly linked to variable-rate mortgages and home equity lines of credit. The interest ch... read more

 Huffington Post11 days ago
Tim Hortons Is Testing Out Delivery In 3 Cities

Some Canadians craving a doughnut or double-double but strapped for time can now have Tim Hortons food brought to them as the national chain started testing delivery this week.It's one of several concepts the coffee-and-doughnut chain, working to ove... read more

 Huffington Post11 days ago
Tim Hortons Signs Deal With Cartesian Capital To Expand In China

OAKVILLE, Ont. _ Tim Hortons has signed an exclusive master franchise joint venture agreement with a private equity firm to expand in China.Under the agreement, Cartesian Capital Group will develop and open more than 1,500 Tim Hortons restaurants in ... read more

 Huffington Post11 days ago
Does A&W's 'Beyond Meat' Burger Pass The 'Tastes-Like-Meat' Test? We Tried It.

A vegan burger that 'bleeds' beet juice. Either you're instantly intrigued by this statement, or you're already walking, nay running, the other way.At HuffPost Canada, we don't walk away from a food challenge. After all, we were there when the cronut... read more

 Huffington Post12 days ago
Finance Department Cyberattack Could Knock Critical Government Operations: Documents

OTTAWA _ A newly released internal analysis says the federal Finance Department faces a moderate risk of a cyberattack that could deliver a significant blow to its ability to carry out some crucial government operations.Finance, like other federal de... read more

 Huffington Post12 days ago
Beyond Meat Vegetarian Burgers Arrive At A&W Across Canada

VANCOUVER _ Canadians can sample the Beyond Meat veggie burger made to look and taste like beef at A&W restaurants starting today.The burger chain partnered with California-based Beyond Meat to create a plant-based burger that it is now serving at it... read more

 Huffington Post12 days ago
Beyond Meat Vegetarian Burgers Arrive At A&W Across Canada

VANCOUVER _ Canadians can sample the Beyond Meat veggie burger made to look and taste like beef at A&W restaurants starting today.The burger chain partnered with California-based Beyond Meat to create a plant-based burger that it is now serving at it... read more

 Huffington Post12 days ago
Toronto And Vancouver Top-Tier Housing Markets Headed In Opposite Directions: Sotheby’s

The top-tier housing markets in Toronto and Vancouver are headed in opposite directions, with fear driving Vancouver's market lower even as optimism returns to Toronto's market, according to Sotheby's International Realty Canada.The real estate agenc... read more

 Huffington Post12 days ago
CUPE Files Application To Represent WestJet Flight Attendants

CALGARY _ The Canadian Union of Public Employees says it has filed an application at the Canada Industrial Relations Board to represent flight attendants at WestJet.The union says a majority of WestJet flight attendants have signed cards supporting u... read more

 Huffington Post12 days ago
No, Costco Is Not Getting Rid Of The All-Beef Polish Sausage

The internet has spoken: hands off our hot dogs.After Costco unveiled its new food court menu, social media freaked out about one change in particular.The wholesaler's hot dog deal, which lets customers buy a hot dog and a fountain pop for $1.50, sti... read more

 Huffington Post12 days ago
'Future Skills Centre': Federal Liberals Spent $30K To Change 1 Word In Job Agency's Name

OTTAWA _ The federal Liberal government spent more than $30,000 to come up with a better name for its "Future Skills Lab" job training agency _ and settled on "Future Skills Centre" instead.The idea and original name were generated by Finance Ministe... read more

 Huffington Post13 days ago
Greyhound Canada To End Almost All Services In Western Canada

OTTAWA _ Greyhound Canada says it is ending its passenger bus and freight services in Alberta, Saskatchewan and Manitoba, and cancelling all but one route in B.C. _ a U.S.-run service between Vancouver and Seattle.As a result, when the changes take e... read more

 Huffington Post13 days ago
OECD Report Warns Of 'Unprecedented Wage Stagnation' In Developed Countries

A decade after the Great Recession, the world's developed countries have seemingly recovered.Unemployment rates are at or near record lows in many countries, including Canada and the U.S. And according to a new report from the Organization for Econom... read more

 Huffington Post13 days ago