These are the world’s biggest billionaire winners and losers of the year
Markets may be tanking, but that hasn’t stopped plenty of mega-fortunes from being unearthed in 2018 The markets may be tanking, but that hasn’t stopped plenty of mega-fortunes from being unearthed in 2018. The popularity of Fortnite, the phenomenon that forced some into video-game rehab, gave gamemaker Tim Sweeney a US$7.2 billion fortune this year. […]
TSX ends the year down 11.6%
The Toronto Stock Exchange’s S&P/TSX rose 100.86 points, or 0.71 per cent, to 14,322.86. For the year, the TSX fell 11.6 per cent. Leading the index on Monday were Turquoise Hill Resources Ltd, up 6.6 per cent, Semafo Inc, up 6.5 per cent, and Baytex Energy Corp, higher by 6.2 per cent. Lagging shares were […]
Canada Goose’s first Beijing store draws crowds willing to wait an hour in the freezing cold to pay 9,000 yuan (US$1,300) for a parka
Stakes are high: Chinese customers account for more than a third of spending on luxury products worldwide BEIJING — Large crowds have been drawn to Canada Goose’s new outdoor wear store in downtown Beijing, its first in mainland China, since its opening on Friday, despite sub-zero temperatures and a chill in China’s relations with Canada. […]
Optimism takes a hit
A new survey shows business optimism for the year ahead among Canadian manufacturing executives is lower than it was a year ago as trade issues weigh. The survey, by RK Insights, showed 30 per cent of the 501 respondents were optimistic about business prospects for 2019, down from 44 per cent a year earlier. “Canadian […]
New year brings tax changes
The new year brings with it tax changes at the federal level that will affect just about every Canadian, as well as small businesses. One of the first changes workers will see is an increase in Canada Pension Plan premiums coming off their paycheques — the first of five years of hikes to pay for […]
Canada and 5 other nations pull trigger on world’s biggest trade deal — leaving America out in the cold
Opinion: The world’s most radical trade pact has come into force across the Pacific as the U.S. sulks on the sidelines The world’s most radical trade pact has come into force across the Pacific as the U.S. sulks on the sidelines, marking a stunning erosion in American strategic leadership. Eleven countries are pressing ahead with […]