Sales & Marketing
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Supreme Court of Canada will not hear bread price fixing witness case
Documents allege the country’s largest bakery wholesalers and grocers conspired to artificially bake at least $1.50 into the price of bread and related products from 2001 up until as far as 2017
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GM recalls nearly 3.8M pickups, SUVs to fix brake issues
The pump in the power-assist brakes can put out less vacuum power than needed, increasing stopping distance and the risk of a crash
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Retailer Roots reports nearly $9.7M Q2 loss, falls short of expectations
Losses can be linked to a drop in store traffic and a delay in the flow of product to stores due to a transition to a new distribution centre
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Apple unveils a cheaper iPhone and pricing for streaming TV
IPhone shipments are down 25% so far this year, putting pressure on Apple to generate revenue from services such as music and video streaming, games and its App Store
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Shopify to buy fulfilment solutions company 6 River Systems for US$450M
The move is in keeping with a strategic plan to spend over US$1 billion to establish a network of U.S. fulfilment centres
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Auto sales climb 0.6 per cent in August for first rise in 17 months
August sales were positive, but the overall market is still down 4.1% so far this year. Chances are Canada could see a second year of declines in new vehicle sales
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North American stock markets fall on new tariffs and weak manufacturing data
The U.S. imposed tariffs on more than US$110 billion worth of Chinese imports on Sunday, while China put duties on U.S. crude oil
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Transcontinental sells building to San Francisco Chronicle publisher Hearst
Proceeds to be used to reduce the Transcontinental’s indebtedness
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Meat subscription box companies take over marketing chores for farmers
Increasingly, Canadians expect to be able to order their food – and most anything else they need – online
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Lego aims to expand sales in China, India
Net profit dropped, but this was due to investments meant to grow existing operations, open new markets in China and India, and develop online sales platforms
