The co-founders of Gluskin Sheff + Associates Inc. are kept in an unsightly legal struggle with the company, claiming it owes them a staggering $185 million in post-retirement entitlements. The Toronto-based investment firm revealed on Thursday that it’s involved in a “private arbitration” with Ira Gluskin and Gerald Sheff. Gluskin needs a payment of $75 million, while Sheff is demanding ...

Airfares will be seduced by the third consecutive year in 2016 because of weak fuel prices, growing capacity and the threat of recent competition, however this won’t make much of a dent in Canadian airlines’ profits, based on a new report. Despite an inadequate domestic economy, “the air travel industry’s future is quite bright,” says the Conference Board of Canada ...

OTTAWA – The need for Canadian wholesale trade remained unchanged in January from December as lower auto sales cancelled out gains in other sectors, Statistics Canada said on Thursday. Analysts in a Reuters poll had predicted a 0.2 percent rise in wholesale sales from December. In volume terms, sales fell by 0.2 per cent. Sales in the motor vehicles and ...

It started about 15 months back by having an initial seed capital investment of $1 million from the Virgin Unite Canada Foundation and Vancouver’s Mindset Social Innovation Foundation. Now the MaRS Catalyst Fund, which defines itself like a national impact venture fund, has achieved its first close with $3 million in the kitty. Indeed until that hurdle had been cleared ...

In November 2013, managers at H.J. Heinz Co. gathered their workers within the cafeteria of the company’s century-old plant in Leamington and broke some bad news. The plant’s new owners – Berkshire Hathaway and Brazilian private equity finance firm 3G capital – had chose to shut the plant down. It was unclear whether the small Southwestern Ontario town was going to get over this ...

NEW YORK – Oil surged above US$40 a barrel in New York the very first time since December as central banks?in the U.S. to Norway signaled they will continue to provide economic stimulus to support demand. A weaker dollar following a Federal Reserve policy decision on Wednesday that indicated two U.S. rate hikes this year rather than four also drew ...

Participants in labour markets can handle matters all on their own own If the Liberal platform is a guide – and we’re a democracy therefore it should be – next week’s budget contains $775 million of new money for a number of “labour market development” initiatives. Though any support for markets among left-of-centre parties is to be encouraged, the thing ...

The crash is over. The rebuilding of Alberta’s energy-fired economy begins. U.S. crude breaks through US$40 as oil rallies for second day on optimism for producer meeting Oil surged above US$40 a barrel in Ny for the first time since December as central banks in the U.S. to Norway signaled they will continue to provide economic stimulus to support demand ...