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Browning West releases plan for Gildan to cut costs and grow market share
April 01, 2024 - 7:42 AM
MONTREAL - An activist investor seeking to reinstate Glenn Chamandy as chief executive of Gildan Activewear Inc. says it wants to reduce costs at the clothing manufacturer and increase its market share in a bid to boost its earnings and share price.
Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust
March 26, 2024 - 1:49 PM
TORONTO - Smith Financial Corp. is merging a pair of its portfolio companies in a move it says will create the leading alternative lender in Canada.
Sales and investment process started for SaltWire Network and The Halifax Herald
March 25, 2024 - 2:27 PM
HALIFAX - A Nova Scotia judge approved a process Monday aimed at finding buyers or investors willing to bid on SaltWire Network Inc. and The Halifax Herald Ltd., the two companies that operate Atlantic Canada's largest newspaper enterprise.
Former Toronto mayor John Tory to rejoin Rogers Communications board of directors
March 25, 2024 - 7:50 AM
TORONTO - Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc.
Turtle Creek calls on Gildan to hold AGM and vote on directors without delay
March 25, 2024 - 7:01 AM
TORONTO - Another longtime investor in Gildan Activewear Inc. says it does not trust the company's current board to oversee a sale process and called on it to hold its annual meeting without delay to allow shareholders to elect new directors.
Atlantic Canada's insolvent SaltWire Network granted extension to creditor protection
March 22, 2024 - 12:39 PM
HALIFAX - A Nova Scotia judge approved Friday an extension to a court order protecting Atlantic Canada's largest media company from a long list of creditors owed more than $90 million.
Businesses worried about ESG fraud as stakeholder pressure mounts: KPMG poll
March 21, 2024 - 8:54 AM
TORONTO - Businesses are increasingly concerned about ESG fraud, which is when a company's environmental, social and governance efforts or data are exaggerated, embellished or distorted.
Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation
March 20, 2024 - 2:09 PM
WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.
Browning West says current Gildan board cannot be trusted to oversee sale process
March 20, 2024 - 7:14 AM
A U.S. investor who is seeking to replace a majority of the directors at Gildan Activewear Inc. says the current board cannot be trusted to oversee a sale process for the company.
Gildan Activewear shops for competing offers after potential buyer emerges
March 19, 2024 - 6:21 PM
Gildan Activewear Inc. is entertaining offers to buy the business after seeing interest from at least one potential buyer.
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iN RESPONSE: Readers have their say
Following are emailed reader responses to stories or letters to the editor for the third week of April 2024. They have been edited slightly for readability. Got something you want to add? Send an email to editor Marshall Jones at mjo
Fruit packers near Kelowna fined another $78,000
A fruit packing plant in the Ellison area east of Kelowna was hit with another $78,368 in fines for discharging effluent into a failed septic field. That’s now more than $110,000 in fines since 2022 for the same issue at Sandher Fruit
Manitoba government plans to lift ban on homegrown recreational cannabis
WINNIPEG - The Manitoba government is planning to end its ban on homegrown recreational cannabis — a move that would leave Quebec as the only province with such a restriction. "We're just allowing Manitobans to have the same
Kamloops council to expand tax exemptions for new rental builds
Developers have more land to choose from if they want to cut costs on new rental buildings in Kamloops. The City is looking to expand a tax exemption program to span massive swaths of Kamloops in order to encourage development. Previously r
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B.C. asks Health Canada to make drug use in public illegal again
VANCOUVER - The British Columbia government is asking Health Canada to "urgently change" the province's decriminalizati
April 26, 2024 1:40 PM
The Latest | Israeli drone strike kills 2 in Lebanon after Hezbollah fires at an Israeli convoy
An Israeli drone strike on a car in eastern Lebanon killed two people Friday, Lebanon’s state-run National News Agency
April 26, 2024 1:10 PM
Killer whale calf trapped in B.C. swims out of lagoon on her own
ZEBALLOS, B.C. - A killer whale calf made her own bid for freedom Friday for a potential reunion with extended family i
April 26, 2024 12:22 PM
Sister of Kelowna man who died while evacuated due to UBCO highrise excavation wants answers
A resident who was forced out of his home because of UBC Okanagan’s highrise construction in downtown Kelowna
April 26, 2024 12:18 PM
Honeymoon Suite celebrating 40 years with tour that makes stop in Vernon
Iconic Canadian rock band Honeymoon Suite is celebrating 40 years together with a tour that includes a concert in Ve
April 26, 2024 11:31 AM
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