National Newswatch

Toronto’s second legal pot store opens in ritzy Yorkville neighbourhood

Apr 7 2019 — Ross Marowits — TORONTO — Some of Toronto's wealthiest residents now have easy access to cannabis with Sunday's opening of the city's second legal retail store. A couple dozen eager buyers stood in line in Yorkville to make the first purchases at Ameri, a small store in the shadows of high-rise condominium towers. "There's always the anxious people but […]

Trudeau hears from Toronto black business leaders about helping city’s youth

Apr 6 2019 — Ross Marowits — TORONTO — Expanding opportunities for Toronto's youth was the focus of a meeting between prominent black business leaders and Prime Minister Justin Trudeau on Saturday. "Most people expressed some of their concerns, some of their struggles and some of their successes," said Toronto Raptors president Masai Ujiri, who helped host the event as well as a practice for […]

Trudeau hears from Toronto black business leaders about helping city’s youth

Apr 6 2019 — Ross Marowits — TORONTO — Expanding opportunities for Toronto's youth was the focus of a meeting between prominent black business leaders and Prime Minister Justin Trudeau on Saturday. "Most people expressed some of their concerns, some of their struggles and some of their successes," said Toronto Raptors president Masai Ujiri, who helped host the event as well as a practice for […]

SNC-Lavalin CEO says he never cited job losses in push for remediation agreement

Mar 20 2019 — Ross Marowits — TORONTO — The chief executive of SNC-Lavalin Group Inc. says he never cited the protection of 9,000 Canadian jobs as a reason the company should be granted a remediation agreement to avoid a criminal trial on allegations it paid millions of dollars in bribes to obtain government business in Libya. In an interview with The Canadian Press, Neil […]

Growing trend of solo living creating opportunities for businesses

Mar 7 2019 — Ross Marowits — TORONTO — One of the fastest-growing demographics in Canada and around the world has long been ignored by mainstream businesses and politicians, but that may be about to change.   "Society is geared towards families," says Jean-Pierre Bissonnette, a 52-year-old single medical physicist at the Princess Margaret Hospital who counts himself as part of a growing cohort of […]

SNC-Lavalin viewed as jewel of Quebec Inc. that needs to be protected: professor

Feb 8 2019 — Ross Marowits — TORONTO — For more than a century, SNC-Lavalin has been viewed with pride in Quebec as it grew from a small firm specializing in hydraulics into a global engineering and construction giant. Founded in 1911, it gained a reputation for building a large dam in Quebec that spearheaded the province's development of hydroelectricity and developing the skill sets […]

Toronto stock market gains 8.5 per cent in January on surging crude oil prices

Jan 31 2019 — Ross Marowits — TORONTO — Canada's main stock index rebounded from December's selloff by gaining 8.5 per cent in January, fuelled by a surge in crude oil prices. North American markets as a whole performed well in the month, led by the Nasdaq composite, which ended 9.7 per cent higher. The gains were pretty impressive especially since the month started […]

TSX streak hits 10th straight day on hopeful sign about U.S.-China trade

Jan 17 2019 — Ross Marowits — TORONTO — The winning streak of Canada's main stock market continued for a 10th straight day Thursday as early energy losses dissipated and investors saw a hopeful sign ahead of trade talks resuming later this month between the U.S. and China. The S&P/TSX composite index closed up 99.96 points to 15,211.22, its highest level in more than six […]

TSX gets lift from U.S.-China trade truce and Alberta move helping oil prices

Dec 3 2018 — Ross Marowits — TORONTO — Canada's main stock index began the week higher as Alberta production cuts helped to lift oil prices to their largest gain since June, while investors felt relief from a preliminary trade truce between the U.S. and China. The January crude contract gained four per cent or US$2.02 to US$52.95 per barrel. Western Canadian Select […]

Crude oil prices hit seven-month low; markets rise on U.S. election day

Nov 6 2018 — Ross Marowits — TORONTO — Crude oil prices sank to a seven-month low Tuesday on supply increases in the Middle East while North American markets closed higher. The December crude contract was down 89 cents per share at US$62.21 per barrel. That's the lowest level since April 6. Oil prices have been decreasing in recent sessions on reports […]

Cannabis paraphernalia to take a modern twist after legalization, say experts

Oct 13 2018 — Ross Marowits — TORONTO — Francois Ricard's run of poking fun at the prime minister about Canada's impending legalization of recreational cannabis may soon come to an end in Quebec even if it thrives in the rest of the country. His Just-in Canada line of products depicting Justin Trudeau riding a giant joint or flying high above Parliament Hill will be […]