Report on Business

Global growth worries, J&J’s tumble drag Wall St lower

Investor Newsletter All hope for a Santa rally rests with the Fed, short sellers ease up on bets against the TSX, and why stocks aren’t reacting to oil’s rebound

Pharmaceuticals

Apotex heirs face daunting decisions a year after Sherman murders Subscriber content

As they streamline Canada’s largest generic drug company for a possible sale in the future, family members are also focused on legacy issues

It’s been a year since Barry and Honey Sherman were killed. Why do we have so few answers, and so many mysteries?

The killing of a Toronto pharmaceutical tycoon and his wife made headlines around the world. Now, the culprit’s identity seems more elusive than ever – and the police face urgent questions about how they investigated the case

Economy

Canadians' debt burden edges higher in third quarter, Statscan says Subscriber content

Statistics Canada says household credit market debt as a proportion of disposable income was 177.5 per cent on a seasonally adjusted basis

More top business stories

Featured

Opinion This key interest rate is flashing a warning sign about buying a house Rob Carrick

The Listing Auditor’s report reveals Ontario’s rising elevator woes

Tax Matters Celebrate the holidays by singing The 12 Claims for Taxes Tim Cestnick

How AltaGas hopes to win back investors: Less debt and a lower dividend

The close: Dow drops almost 500 points, TSX over 150 as global growth concerns intensify

Friday’s Insider Report: Chairman invests nearly $265,000 in this stock yielding over 7%

The week’s most oversold and overbought stocks on the TSX

Streetwise Echelon Wealth Partners acquires Dundee Securities

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Streetwise

CI Financial takes majority stake in Wealthbar, entering robo-adviser arena Vancouver-based robo-adviser will continue to run as a stand-alone business

Echelon Wealth Partners acquires Dundee Securities The deal, expected to close soon, will add almost $1-billion in assets under administration and management.

Lexpert: How lawyers must juggle overlapping interests In-house counsel need to manage interests that sometimes overlap, sometimes collide

GMP Capital’s global expansion peters out with sale of U.S. debt division GMP acquired the New York-based American fixed income unit in 2011 for US$44-million

Regulators move ahead with changes to how companies report non-GAAP results to investors The Accounting Standards Board of Canada will debut its framework on Wednesday for how all entities should use numbers that are deviating from generally accepted accounting principles

ROB Magazine

Why are Canada’s oil patch CEOs changing their minds on carbon pricing? The oil giants are finally realizing they have no future unless they can be profitable in a low-carbon economy. Other sectors should follow before it’s too late Chris Turner

Meet the saviour of Sobeys, our 2018 CEO of the Year After bungling its Safeway acquisition, Sobeys turned to ousted Canadian Tire CEO Michael Medline to clean up the mess. Two years later, both have come roaring back

SNC-Lavalin’s CEO just can’t catch a break Under Neil Bruce’s watch, the engineering giant went from scandal-ridden to world class. Everything seemed to be going great—until it all fell apart.

Livin' large with Canada’s crypto king Anthony Di Iorio became a flashy cryptocurrency tycoon almost overnight. Now he wants to turn Toronto into the Silicon Valley of the blockchain age. Is he for real—or was he just lucky?

Justin Trudeau: Environmentalist or oil sands saviour? He can’t be both How can the Prime Minister reconcile fighting climate change and promoting massive new fossil fuel projects? He can’t Eric Reguly

Why privacy expert Ann Cavoukian quit Google’s Toronto smart-city project When a privacy expert with as much cred as Cavoukian sounds the alarm over potential mishandling of personal data—as she has with Google’s Toronto smart-city project—we should all worry

Oil and arms: How Saudi Arabia maintains its grip on the West World leaders excoriate Saudi Arabia, then keep selling it weapons

Download the December 2018 edition of Report on Business magazine To read this issue of Report on Business magazine on your device, open the PDF

Nature’s Path co-CEO Ratana Stephens on how she got the funding to start her multimillion-dollar business Entrepreneur, co-CEO of Nature’s Path (estimated revenue $400 million), organic evangelist

Latest Business news

Giving Back Raising money to help marginalized women break the cycle December 14

Nissan’s investigation of Carlos Ghosn focuses in on ‘CEO Reserve’ fund, subsidiaries December 14

France seeking Ghosn replacement as Renault board frays over CEO’s future: sources December 14

GM offering job transfers as U.S. layoff notices begin December 14 Updated

Oxford Properties acquires portfolio of Australian office buildings for $3.3-billion December 14 Updated

LVMH increases investment in high-end travel market with $3.2-billion Belmond deal December 14 Updated

Leadership Lab Can an employee be terminated while on disability? Matt Lalande December 14

China to halt additional tariffs on U.S.-made cars Jan. 1 as trade dispute de-escalates December 14 Updated

Business video

Liftoff: David Saint-Jacques launches for the International Space Station 1:00 The Soyuz rocket carrying Canadian David Saint-Jacques and two other astronauts successfully launched from Russia Monday morning, heading toward the International Space Station for a six-month mission.

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See how the space station has grown and evolved over 20 years 1:58 Tuesday marks the 20th birthday of the International Space Station. Over the last two decades the configuration and size of the station has changed dramatically. This NASA animation shows how.

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How to manage your home equity line of credit 1:58 Personal finance columnist Rob Carrick outlines the best ways to manage a home equity line of credit. Rob says that figures suggest too many Canadians are using a line of credit as an ATM to fund lifestyle purchases such as electronics.

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Carrick Talks Money: Bonds not doing it for you? Try these alternatives 1:40 Personal finance columnist Rob Carrick offers some ideas for conservative investors in a rising interest rate world

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Light work: How a roll of film is processed 1:28 In the lab at Toronto's Downtown Camera, the staff is busy fulfilling developing and scanning jobs for photographers who are shooting on film. Here's a peek at how they processed a roll of Portra 800 120mm for The Globe's story on the expansion of the store to meet the growth of film usage.

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Carrick Talks Money: How to ensure your money lasts through retirement 1:46 Personal finance columnist Rob Carrick talks to author Fred Vettese about the best practices to stretch your retirement savings.

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Ultra human-like robots are at the cutting edge of artificial intelligence 0:35 Watch Vancouver-based Sanctuary A.I.'s trailer for their new humanoid robots currently in development.

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More business news

Marketing

Business School Research Death is not always deadly in advertising

Small Business Resource Centre ‘Export or die’: Doing business beyond borders can strengthen your operation

Rogers sells personal-finance website MoneySense to Toronto-based Ratehub

International Business

Costco shares fall as quarterly revenue misses estimates

U.S. confirms soybean sale to China, but size disappoints

Chinese battery firm halts purchases of Glencore cobalt as price tumbles: sources

Small Business

Report on Small Business Newsletter: Harley-riding Alberta nurse generates big buzz on L.A. fashion label

Business booming for Rocky Mountain backcountry sports companies

Report on Small Business Newsletter: Soaring rents force food entrepreneurs to think small – really small

Careers

Philanthropy Another business school benefits from John F. Wood’s largesse

Leadership Lab How to get rated as a high-potential employee

Power Points How your team can work better

ROB Features

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