business & commercial Archives

Business and commercial: French's takes on Heinz

A smaller Canadian company took on a larger corporation and has put a dent in its sales. When Heinz decided to pack up its operations in Canada and move its headquarters to the States, French's fought back and won over the hearts of many Canadians. The business and commercial sector was shaken up by Heinz' pullout, which gave French's a great marketing advantage in getting many Canadians to switch their brand of ketchup.

Business and commercial: Plant-based products catching the wave

Many people are trying to become much more healthy and in many respects that includes eating a diet which includes more plant-based foods. This trend has not gone unnoticed in the business and commercial world in Canada. Some companies are getting in on the plant-based diet trend, which is reflective of the products they're starting to offer.  In fact, one of Canada's largest food manufacturers, Maple Leaf Foods Inc., is so into the idea of plant-based products that it will soon be opening a multi-million dollar processing plant Stateside.

Business and Commercial: First Nations group set to buy pipeline

A group of Indigenous Canadians is poised to buy the majority of the Trans Canada pipeline. This recent business and commercial news coming out of Canada is likely to see an offer on the table of $6.8 billion for the pipeline the principles of which the group says are in keeping with its goals. The First Nations group is calling all indigenous groups to band together in a bid to purchase the pipeline.

Business and commercial: Governments helping businesses flourish

Small and medium-sized businesses are positive contributors to the country's economy. When it comes to the business and commercial realm in Canada, these companies employ nearly 90 per cent of the nation's workforce in the private sector and heartily drive economic growth. Governments at all levels realize the integral role these businesses play and have helped entrepreneurs to grow their companies and to flourish.

Business and commercial news: Gap set to close stores

The closure of several outlets of a popular store seems to be a sign of the times. Recent business and commercial news indicates that Gap will be shutting the doors on a number of its stores in the country, some of which are located in Ontario. The company owns 230 stores across North America, but has not indicated how many closures will take place in Canada. The company said the move is in keeping with guidelines for outlets that are not consistently meeting sales requirements.

Business and commercial: Company debt finances pot operations

A major Ontario financial corporation is shelling out big money to invest in the legal cannabis industry. Trichome Financial Corp. out of Toronto is leaping into the business and commercial sector of the cannabis world with $100 million in debt financing for a number of cannabis companies. Up until now, this sort of debt financing has been a rarity in the cannabis sector, but Trichome is already taking receivables as a guarantee from some of the country's leading cannabis companies.

Business and commercial: Feds wait to ban Huawei from 5G network

The 5G network in Canada may ban Huawei Technologies Co. That decision, though, may be delayed by Prime Minister Justin Trudeau's efforts to try to safeguard three Canadians detained in China. The business and commercial world is waiting for a security review by the federal government as to what steps will be taken in terms of a possible Huawei freeze out. Some of the country's allies have already taken that step.

Business and commercial: Survey shows worry over economic climate

Canadians are an optimistic lot for the most part, so when they begin to complain about certain situations, there must be some basis in fact. There have been some pessimistic rumblings lately regarding the business and commercial world in Canada. In fact, a survey by the Chartered Professional Accountants of Canada (CPA Canada) showed that 35 per cent of accountants who responded to the survey felt an increased negativity when it came to the national economy.

Business and commercial: Banks lend millions to cannabis growers

Some of Canada's largest banking institutions are cultivating cannabis clients. Some of the biggest business and commercial outlays from these banks are loans to entrepreneurs in Canada invested in the now legal cannabis market. Both the Canadian Imperial Bank of Commerce (CIBC) and the Bank of Montreal (BMO) provided $80 million loan to marijuana cultivator PharmHouse.

Business and commercial news: Canada's railways chugging smoothly

The two major railway companies in the country are on track to weather possible economic fallout from the U.S.-China trade war. Amid business and commercial undertakings in Canada last year, Canadian Pacific Railway and Canadian National Railway actually drove total rail freight traffic up by four per cent in 2018 thanks to shipping more than 20 per cent more petroleum and oil during the year. Even with a pipeline shortage of oil in Canada, crude by railway exports increased.

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