Business

Canadian meat giant Maple Leaf debuts its new plant-based burger

Maple Leaf Foods has high expectations for its new plant-based burger.Robyn Beck/AFP Watch out, Impossible. Beware, Beyond. A new competitor is entering the plant-based burger market. Lightlife Foods, the brand behind Gimme Lean meatless “beef,” Tofu Pups hot dogs, Organic Fakin’ Bacon Tempeh Strips and other vegetarian staples, is joining the looks-like, cooks-like, smells-like, tastes-like-the-real-thing veggie burger fray. The […]

Business

Eddie Lampert sweetens bid to keep Sears open to more than $5 billion

Signage is displayed outside of a Sears Holdings Corp. store in San Bruno, California.David Paul Morris/Bloomberg Eddie Lampert’s ESL Investments is sweetening its offer to keep Sears Holdings Corp. in business, outlining a US$5-billion plan to buy the retailer out of bankruptcy. The new bid, about US$600 million more than Lampert previously offered, should satisfy […]

Business

Tim Hortons’ parent hikes dividend and makes changes to management

Burger King and Tim Hortons' parent Restaurant Brands International Inc. raised its dividend as it announced changes in its executive suite.Canadian Press/Sean Kilpatrick / THE CANADIAN PRESS TORONTO — The parent company of Tim Hortons and other fast food chains doubled down on its plans for fast international expansion, shaking up its executive suite in […]

Business

Shoppers Drug Mart-branded Botox clinics launch amid ‘cookie-cutter’ cosmetics concerns

Medical esthetician Amra Nizar, who works for the Beauty Clinic by Shoppers Drug Mart, gives a demonstration using the picosure laser skin treatment which addresses a variety of skin concerns and is suitable for all skin types at the clinic in Oakville, Ont.Nathan Denette/The Canadian Press TORONTO — Shoppers Drug Mart takes its most aggressive […]

Business

Lululemon shares gain after boosting quarterly sales, profit forecast

Shares of Lululemon jumped in early trading Monday after the yogawear company increased its fourth-quarter guidance for sales and profit.Darryl Dyck/The Canadian Press Investors are happy about at least one retailer’s holiday season: Shares of Lululemon Athletica Inc. jumped in early trading Monday after the yogawear company increased its fourth-quarter guidance for sales and profit. […]

Business

OSC looking to lighten regulatory load on companies — and it wants suggestions

Maureen Jensen, chair of the Ontario Securities Commission.Peter J. Thompson/National Post files Canada’s largest capital markets watchdog kicked off a broad consultation Monday aimed at reducing costly and outdated rules and lightening the regulatory burden on companies. The aim is “to identify new actions we can take to save time and money for Ontario businesses […]

Business

Alexandria Ocasio-Cortez, other progressives poised to join panel overseeing Wall Street, sources say

U.S. Representative Alexandria Ocasio-Cortez will almost certainly join the House Financial Services Committee, sources say.Saul Loeb/AFP Wall Street, get ready for a lot more scrutiny from U.S. Representative Alexandria Ocasio-Cortez. The New York lawmaker, who has become a sensation among progressives, will almost certainly join the House Financial Services Committee after a group of fellow […]

Business

Adoption of digital IDs would help unlock Canada’s economy, bankers say

The Canadian flag blows in the wind in the heart of the financial district in Toronto.Tijana Martin/The Canadian Press Canada needs to embrace digital identification to “unlock the full potential” of banking and the economy, Canadian Bankers Association Chief Executive Officer Neil Parmenter said. “We should be open to innovative identity verification methods like document […]