Sales & Marketing
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China’s electric car sales slump, squeezing automakers
China accounts for half of electric vehicle sales worldwide, making any change in its market critical for the global industry
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Ontario doing away with pot shop lottery system, looks to add more stores
The new rules will also allow legal cannabis producers to enter the retail market by opening shops on their premises
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Lululemon revenue up as direct sales climb, results beat expectations
The company’s plans for future growth in China, with e-commerce in the region growing more than 60% in the quarter
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Saudi Aramco inches near US$2T in day 2 of trading
The oil and gas company sits ahead of the world’s largest companies, including Apple, the second largest company valued at US$1.19 trillion
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Travel company Transat AT reports fourth quarter profit up from year ago
The deal to complete the takeover of the travel company by Air Canada is still in the works
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Canadians spent $908M at cannabis stores since legalization, StatCan says
Access to cannabis stores increased over the year as the number of retail stores jumped to 407 in July from 217 in March
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How the financial crisis hit the Christmas tree industry and pushed up prices
U.S. demand for Canadian Christmas trees is rising, causing higher prices for consumers across the continent
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Meet the apparel companies holding out against the offshore manufacturing tide
A handful of domestic clothing makers are growing production by targeting niches such as high-end outerwear, eco-friendly manufacturing and a made-in-Canada brand
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Telus to buy German call centre firm Competence Call Center for $1.3B
The deal adds to the valuation of Telus’ international arm, bolstering the case for an initial public offering targeted for the next 12-24 months
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GM, Korea’s LG Chem in venture to build factory in Ohio
The joint venture will build an electric vehicle battery cell factory and will work together to bring down the cost for future GM electric vehicles
