Money

The proposed Ontario Pension Plan will hurt jobs and economic competitiveness, say local businesses. But Ontario’s associate minister of finance says the plan is an investment that will help people achieve a secure retirement future and has the support of most Ontarians.

The Jean Coutu Group (PJC) (TSE:PJC.A) has earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Analyst Ratings News reports. Seven research analysts have rated the stock with a hold recommendation, The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$20.50. Separately, …

Some of North America’s most influential online companies warn that Canada is losing its international edge on the Internet because businesses are slow to take up digital technology.

A new privately owned company called You Have Mail is preparing to fill the niche of home delivery once Canada Post stops delivering mail to individual homes.

Air Canada has reached a tentative agreement with the leadership of its pilots union on a 10-year labor contract. Leadership of the Air Canada Pilots Association (ACPA), which represents 3,000 Air Canada pilots, said the agreement covers “compensation, benefits and other work rules until September 2024.” Neither the airline nor the union released details of the agreement, which must be …

Canada is one of the top spots in the world for job seekers who are setting their sights abroad. The U.S., the U.K. and Canada are the world’s most popular country destinations for job seekers, a Boston Consulting Group global survey of more than 200,000 people released Sunday showed.

The Postmedia Network announced today that it will acquire Sun Media’s English-language newspapers and speciality publications—175 in all—including its flagship daily, the Toronto Sun.

Canada’s merchandise imports rose 3.9% in August, while exports decreased 2.5%. As a result, Canada’s trade balance with the world went from a surplus of $2.2 billion in July to a deficit of $610 million in August.

SaskPower officially opened the world’s first commercial-scale, coal-fired power plant equipped with carbon capture and storage technology on Thursday, with expectations the facility will generate global opportunities for Saskatchewan’s state-owned utility.

Staples Canada closed 15 of its 331 stores in Canada at the end of September, saying it is shutting underperforming locations in an effort to improve its results. The office supplies retailer has seen in-store sales slump as more orders, especially those from big businesses, move online.

There’s a big winning ticket in Lotto 6/49 that was sold in Nova Scotia. A ticket worth $13.8 million in Wednesday’s draw was sold in Bridgewater.