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Canada's counterfeit problem: Why you might want to think twice before shopping online

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Category: Economic
Created: Friday, February 21, 2020
CBC News
It's quick, convenient and ships right to your front door. But a Marketplace investigation found that you can't always trust what you purchase online — even if the seller, platform or price seems legit.
To test how prevalent counterfeits are online, Marketplace purchased dozens of well-known products — ranging from electronics to sportswear to cosmetics — from five popular online retailers: AliExpress, Amazon, eBay, Walmart and Wish.
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IATA: Virus may slash US$29 billion from airlines' revenue

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Category: Economic
Created: Friday, February 21, 2020
CTV News
TOKYO -- The outbreak of the new virus threatens to erase US$29 billion of this year's revenue for global airlines, mostly for Chinese carriers, as travel crashes worldwide, according to the International Air Transport Association.
The trade group for global airlines said Thursday that the virus causing COVID-19 has the potential for causing a 13% decline in demand for Asian carriers this year.
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Why are so many big retail stores closing? Experts weigh in

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Category: Economic
Created: Thursday, February 20, 2020
CTV News
TORONTO -- Home decor chain Pier 1 is just the latest retailer joining a growing list of businesses closing their shops in Canada.
Other big retailers that are either shuttering stores or going bankrupt include Carlton Cards, Bench and Forever 21.
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Kia recalls SUVs, vans in U.S over electrical problem that can cause fires

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Category: Economic
Created: Friday, February 21, 2020
CTV News
DETROIT -- Kia is joining its affiliate Hyundai in recalling thousands of vehicles in the U.S. because water can get into a brake computer, cause an electrical short and possibly a fire.
The Kia recall covers nearly 229,000 Sedona minivans from the 2006 through 2010 model years.
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CMHC says housing vulnerability moderate, downgrades risk in Prairie cities to low

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Category: Economic
Created: Thursday, February 20, 2020
CTV News
OTTAWA -- Canada Mortgage and Housing Corp. says it has downgraded the vulnerability of several cities in the Prairies while Canada's housing market remains moderately vulnerable.
The federal housing agency's quarterly assessment, based on data up to the end of last September and some indicators up to the end of December, leaves Victoria as the only market with an overall high degree of vulnerability.
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Asian stocks follow Wall Street lower on renewed virus fears

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Category: Economic
Created: Friday, February 21, 2020
CTV News
BEIJING -- Asian stock markets followed Wall Street lower Friday after a spike in new virus cases in South Korea refuelled investor anxiety about China's disease outbreak.
Benchmarks in Tokyo, Shanghai, Hong Kong and Sydney retreated.
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Fertilizer firm Nutrien forecasts 2020 agriculture rebound after tough 4th quarter

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Category: Economic
Created: Thursday, February 20, 2020
CBC News
A rebound in global agricultural markets is expected to drive better returns this year after a difficult fourth quarter for fertilizer company Nutrien Ltd., its CEO said Thursday.
The last three months of 2019 featured ongoing challenges including geopolitical issues and short-term weather anomalies, said Chuck Magro on a conference call to discuss the Saskatoon-based company's financial results.
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Indigenous leaders divided over proposed oil sands mine in northern Alberta

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Category: Economic
Created: Friday, February 21, 2020
CTV News
FORT CHIPEWYAN, ALTA. -- As the deadlock between a group of Indigenous chiefs and a northern B.C. pipeline brings rail traffic to a standstill, the future of another energy project in northern Alberta is hanging in the balance.
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These are the retailers closing in Canada or facing bankruptcy in 2020

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Category: Economic
Created: Thursday, February 20, 2020
CTV News
TORONTO -- Home decor chain Pier 1, Carlton Cards and Forever 21 are simply the latest in a growing list of retailers closing their doors in Canada or filing for bankruptcy.
And several analysts told CTVNews.ca the underlying issue is that these chains haven’t kept up with changes in shoppers who have shifted online shopping.
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Rail shutdown restricts supply lines to Maritimes, creating some empty shelves

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Category: Economic
Created: Friday, February 21, 2020
CTV News
HALIFAX -- Empty shelves have been spotted at several Halifax retailers -- a sign of what can happen, when the country's rail lines grind to a halt.
With product unable to reach the Maritimes by train, retailers are doing what they can, to get shoppers what they need.
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Loblaw reports Q4 profit up from year earlier, but falls short of expectations

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Category: Economic
Created: Thursday, February 20, 2020
CTV News
BRAMPTON, ONT. -- Loblaw Companies Ltd. reported its fourth-quarter profit rose compared with a year earlier, but the parent company of Loblaws and Shoppers Drug Mart fell short of analysts' expectations.
The retailer said Thursday it earned a profit attributable to common shareholders of $254 million or 70 cents per diluted share for the 12-week period ended Dec.
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Telus would cut 5K jobs and $1B in spending if CRTC approves virtual wireless network operators

Details
Category: Economic
Created: Thursday, February 20, 2020
CBC News
The CEO of Telus Corp. says it could cut about $1 billion of spending and 5,000 jobs over the next five years if the CRTC mandates Canada's wireless companies open their facilities to virtual network operators.
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Morgan Stanley to buy E-Trade for US$13 billion

Details
Category: Economic
Created: Thursday, February 20, 2020
CTV News
NEW YORK -- Investment bank Morgan Stanley announced it would buy the online brokerage E-Trade for roughly US$13 billion, one of the biggest deals on Wall Street since the financial crisis.
The deal also is the latest chapter in Morgan Stanley's transformation from the scrappy, deal-doing, stock-trading investment bank to a more well-rounded financial firm now more reliant on its asset and wealth management businesses.
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