Supply Chain
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FedEx severs ties with Amazon [UPDATED]
Amazon.com Inc. is building up its own fleet of air and ground transportation to cut its reliance on courier delivery services companies
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Finning Q2 profit up on strong sales across its regions and efficiencies in Canada
Demand in Canada remains healthy, with net revenue up 18% from last year to due to higher new equipment sales and the acquisition of 4Refuel
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U.K. food industry looks to avoid shortages in no-deal Brexit
Britain could be in a “wartime situation of a limited amount of food rationing” if the U.K. doesn’t set aside competition rules so companies can co-ordinate supply decisions
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‘Headwinds’ swell Ensign Energy Q2 net loss, shares fall on revenue miss
Revenue growth came from its U.S. operations, while Canadian revenue showed steep declines attributed in part to Alberta government oil production curtailments
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SNC-Lavalin shares fall to near 15-year low after warning from Caisse de depot
The Caisse booked a $700-million loss from its SNC-Lavalin investment during the first six months of the year. Caisse CEO says the engineering giant needs to focus on execution
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China vows to counter U.S. deployment of midrange arms in Asia
The U.S.’s withdrawal last week from the Intermediate-Range Nuclear Forces Treaty, is viewed by Chinese officials as “direct negative impact on the global strategic stability”
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Survey: U.S. services sector slips to worst growth in 3 years
Gauges of business activity and new orders weakened in July – the weakest since August 2016, according to The Institute for Supply Management
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Health Canada approves Ontario cannabis facility expansion project
Hamilton-based company enters new phase as a leader in producing hydroponically grown, small-batch cannabis in the craft cannabis segment
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CannTrust says OSC launches investigation into unlicensed pot growing
The scandal has led to the ousting of the company’s CEO and the chairman of its board of directors. Shares have since fallen more than 50% on the Toronto Stock Exchange
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Trump’s latest tariffs weighs on markets ahead of payrolls
Trump’s latest batch of tariffs – 10% tariffs on US$300 billion of Chinese goods, due to take effect Sept. 1 – are taking their toll on markets at the week’s end
