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Category Archives: Economic

Ontario regulator warns about 5 unregistered cryptocurrency groups

The Ontario Securities Commission is warning the public that several groups are promoting investments in cryptocurrencies without having the necessary provincial registrations. The OSC says Bitserial, Hypercube, CabinCoin and BaapPay have not provided a prospectus, as required, or received an exemption. It says none of the four, or a fifth entity called BTCReal, is registered…

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Campbell Soup CEO out, steel tariffs to bite soon

The top executive at Campbell Soup will retire and the company is undergoing a strategic review as it tries to revive sales that have been under pressure due to shifting American tastes and rising costs. Denise Morrison, who has been has been CEO since 2011, is being replaced immediately by Keith McLoughlin, who will lead…

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Canadian retail sales rose in March

A rise in sales at motor vehicle and parts dealers in March helped push overall Canadian retail activity higher for a third consecutive month, Statistics Canada reported Friday. Retail sales, which are a key contributor to Canadian gross domestic product, rose 0.6 per cent in March to $50.2 billion.  Higher sales in the automotive sector outweighed lower sales at food…

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Inflation rate cools to 2.2% in April

The country’s annual inflation rate cooled slightly last month — but at 2.2 per cent, it stayed hot enough to hover above the two per cent midpoint of the Bank of Canada’s ideal range. Statistics Canada’s inflation reading for April came in a little lower than the March number of 2.3 per cent — which…

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