Toronto stock index down on tumbling oil prices, as the loonie remains unchanged

Toronto stock index down on tumbling oil prices, as the loonie remains unchanged
TORONTO — Tumbling oil prices saw the commodity-heavy Toronto stock index give up some of the week’s gains on Friday ahead of the holiday weekend. The S&P/TSX composite index dropped 47.98 points to 15,728.32, as the November crude contract fell $1.50 to US$49.29 per barrel. It was a wobbly week of fluctuating optimism and pessimism about OPEC oversupply fears. Panic... Read More

Tim Hortons franchisee group files lawsuit against parent company

Tim Hortons franchisee group files lawsuit against parent company
VANCOUVER — The legal battle between a group of Tim Hortons franchisees and their parent company escalated Friday as the corporate-unsanctioned franchisee association filed a lawsuit alleging that Restaurant Brands International, its subsidiary and several executives have subverted their right to associate. The defendants have engaged in conduct that “seeks to interfere with, restrict, penalize, or threaten franchisees from exercising... Read More

Bombardier fights back after new duty put on CSeries sales to U.S.

Bombardier fights back after new duty put on CSeries sales to U.S.
MONTREAL — Bombardier Inc. accused the Trump administration of overreach by siding with Boeing in its bid to shut the CSeries commercial jet from the world’s largest airline market by effectively quadrupling the price of any of the planes sold in the United States. “It represents an egregious overreach and misapplication of the U.S. trade laws in an apparent attempt... Read More

Ontario to tackle ticket scalper bots, home warranties, real estate rules

Ontario to tackle ticket scalper bots, home warranties, real estate rules
TORONTO — Ontario is seeking to strengthen consumer protection rules around home warranties, ticket sales, real estate practices, and travel services in an omnibus bill introduced Thursday. Changes to ticket selling laws include making so-called scalper bots illegal. The bots purchase a large number of tickets online for a concert, show, or other event, then resell them at a large... Read More