Monthly Archive: May 2018

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Canadian Tire’s Helly Hansen deal could be launch pad for global expansion: CEO

Canadian Tire Corp. views its $985-million acquisition of Norwegian outdoor clothing and gear maker Helly Hansen as a “major step forward” to diversify its offerings at home and launch new opportunities in international markets. “This is a brand that we truly believe has a lot of runway ahead of it internationally,” CEO Stephen Wetmore said […]

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Telus postpaid wireless subscribers up 9%, but lower than Big Three rivals

TORONTO — Telus Corp. joined the club of Canadian wireless providers that posted stronger subscriber growth in the first quarter, although its additions paled in comparison to those of its national telecom rivals. The Vancouver-based company’s postpaid wireless subscriber base grew by 48,000 in the quarter, up 9.1 per cent over last year. Telus also […]

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Fashion expert Jessica Mulroney expands role at Hudson’s Bay

TORONTO — Emerging tastemaker Jessica Mulroney is taking on a bigger role at Hudson’s Bay Co. The Canadian retailer says the stylist and fashion expert will be the spokeswoman for a new brand launching in the fall called CORE Life. That’s in addition to Mulroney’s other roles in consulting, public relations, social media, and events. […]

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US government ran a $214.3 billion surplus in April

WASHINGTON — The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month’s annual tax filing deadline. The Treasury Department reported Thursday that last month’s surplus increased 17.4 per cent from a year ago. The April surplus reflected both an increase in tax revenue and a decrease […]

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Equifax now says some passport info was stolen in breach

NEW YORK — Equifax acknowledged a relatively small number of passport images and information were stolen as part of last year’s security breach, despite previously denying such a thing occurred. The credit monitoring company said 3,200 passport images were stolen last year, according to a letter sent last week by lawyers representing Equifax to the […]