Transportation, Retail and Markets Correspondent, Canada
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Nov 3, 2014

Bank of Canada shows concerns about downside risks

TORONTO, Nov 3 (Reuters) – The gloom that seems to surround
central bankers stems from the fact that risks associated with a
new downturn in the economy and inflation are less easy to
handle than surprises on the upside, Bank of Canada Governor
Stephen Poloz said on Monday.

The Bank of Canada regards the risks to achieving its 2
percent inflation target as being balanced, Poloz said, but he
added: “We acknowledge that, in the current situation, the
consequences of an upside risk would be more manageable than
those associated with a downside risk.

Oct 28, 2014

Lululemon founder’s family bets on casual luxury with new retail venture

TORONTO/VANCOUVER (Reuters) – Sewing machines hum inside a spacious clothing boutique where the wife and son of Lululemon Athletica Inc’s (LULU.O: Quote, Profile, Research, Stock Buzz) founder hope to capture the retail magic that turned the yogawear maker into a stock market darling.

Meet Kit and Ace, the brainchild of billionaire Chip Wilson’s wife, former Lululemon lead designer Shannon Wilson, who started the new streetwear venture with his son J.J.

Oct 22, 2014

C$ marginally softer after swings on retail sales, BoC

TORONTO, Oct 22 (Reuters) – The Canadian dollar finished the
session slightly weaker against its U.S. counterpart on
Wednesday, as investors digested unexpectedly weak August retail
sales and the Bank of Canada’s statement.

The currency had touched the session’s weakest level after
retail sales, weighed down by lower gasoline prices and weaker
sales of new cars and food, unexpectedly fell 0.3 percent.

Oct 15, 2014

Winter jacket maker Canada Goose expects double-digit growth: CEO

TORONTO (Reuters) – Canada Goose Inc, a maker of luxury winter down jackets, expects double-digit sales growth going forward and is forecasting revenue this year to be well over C$200 million ($176.76 million), its chief executive officer said on Wednesday.

The Toronto-based manufacturer, which started in a small warehouse in 1957, has grown to about 1,000 workers and is known for its high-end coats, now sold in more than 50 countries.

Oct 6, 2014

Air Canada reaches tentative 10-year deal with its pilots

TORONTO, Oct 6 (Reuters) – Air Canada has reached a
tentative agreement on a new 10-year contract with its pilots’
union, 1-1/2 years ahead of the expiration of the current
contract at Canada’s largest airline.

The Montreal-based carrier said on Monday the new deal,
which is subject to ratification by about 3,000 pilots, will
allow it to accelerate its growth plans. Air Canada has been
pushing expansion of its international flights and of Rouge, its
low-cost vacation carrier.

Oct 1, 2014

A Minute With: Max Irons on class divide, all-male banter

TORONTO (Reuters) – Max Irons may come from an illustrious acting family and has already had a taste of Hollywood, but he is very conscious of the empty and fleeting nature of fame and fortune.

That awareness helped the British actor with his gritty role in new film “The Riot Club,” out now in UK theaters. The film explores the violent excesses of an elite university society, inspired in part by Oxford University’s Bullingdon Club.

Sep 26, 2014

Sears Canada CEO resigns, parent company shares keep sliding

TORONTO/CHICAGO, Sept 25 (Reuters) – The turnaround
specialist who had signed on to run Sears Holdings Corp’s
Canadian business is resigning for personal reasons,
the struggling U.S. retailer said on Thursday, the same day a
major shareholder said it was no longer interested in
contributing to a loan.

Chief Executive Officer Douglas Campbell will resign by the
end of 2014 to tend to family matters, said Sears Canada, which
is majority owned by Sears Holdings. Campbell had taken the helm
of the unit just a year earlier.

Sep 25, 2014

Sears Canada CEO to step down by year-end

TORONTO/CHICAGO, Sept 25 (Reuters) – Department store chain
Sears Canada Inc, which has had six consecutive years
of declining revenue, said on Thursday that Chief Executive
Douglas Campbell will resign by the end of this year so that he
can tend to family matters.

Sears Canada, which is majority-owned by Sears Holdings Corp
, is facing intense competition and has seen its market
share erode for years.

Sep 17, 2014

A Minute With: Ethan Hawke on lessons from Robin Williams

TORONTO (Reuters) – It has been more than 25 years since a young Ethan Hawke stepped on his desk to salute his teacher, portrayed by Robin Williams, in “Dead Poets Society.”

Hawke, 43, has taken on some 50 roles since and this year received his third Oscar nod for best adapted screenplay for “Before Midnight,” shared with Richard Linklater and Julie Delpy.

Sep 16, 2014

Amid coffee rivalry, McDonald’s Canada to sell java in grocery stores

TORONTO (Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) is making its McCafe ground coffee available in Canadian grocery stores this month, the fast-food giant said on Tuesday, part of its broader campaign to win market share in a country long dominated by rivals like Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz) and Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz).

The competition to woo Canadian coffee drinkers has intensified in recent years, while rivals have pushed into McDonald’s territory by expanding their own breakfast and lunch menus in order to attract new customers and drive up spending per visit.

    • About Solarina

      "I am a Canadian transportation, retail and markets correspondent. I occasionally moonlight in entertainment and lifestyle news. I was formerly a homepage editor for, and an online news editor for, and .ca. Life before Reuters included working in China and freelancing in California."
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