Top Business Headlines
 

March 23, 2019

 
 
Top news
 
Reinventing RioCan: Ed Sonshine plots a new course for the REIT as he ponders his own next steps
  Reinventing RioCan: Ed Sonshine plots a new course for the REIT as he ponders his own next steps
 

Tim Kiladze

Some CEOs just can’t let go and, by his own admission, Ed Sonshine is firmly in that camp.

 
The 72-year-old is sitting beside me in the back seat of a black Chevy Suburban, in the middle of winter, spelling out a transformation vision as we crawl through the parking lot of a suburban strip mall.

 
Everything around us – the endless asphalt, the industrial-looking storefronts – earned him accolades two decades ago. As the founder and chief executive of RioCan REIT, he built power centres such as this one in Vaughan, Ont. across the country. By 2005, RioCan had an army of concrete fortresses housing retailers such as HomeSense and Blacks Photography, all protecting courtyards of cars.

 
 
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Editor's picks
 
Onex to buy wealth manager Gluskin Sheff in $445-million deal
  Onex to buy wealth manager Gluskin Sheff in $445-million deal
 

David Milstead and Andrew Willis

 
Institutional Investment Reporter
 
Full Story
 
Newfoundland’s reckoning: Will the province crumble under its debt load?
  Newfoundland’s reckoning: Will the province crumble under its debt load?
 

David Parkinson

 
Economics Reporter
 
Full Story
 
China halts new purchases of all Canadian canola, Chinese importers say strict inspections imposed on other agriculture goods
  China halts new purchases of all Canadian canola, Chinese importers say strict inspections imposed on other agriculture goods
 

Nathan VanderKlippe

 
Asia correspondent
 
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Latest posted news
 
Ode to the five-hour workday
  Ode to the five-hour workday
 
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Bombardier nominates next generation of Bombardier-Beaudoin family members for two board seats
  Bombardier nominates next generation of Bombardier-Beaudoin family members for two board seats
 
Full Story
 
Streetwise newsletter: Catch up on the best reads of the week
  Streetwise newsletter: Catch up on the best reads of the week
 
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Michael Babad's Business Briefing
 
Canada loses its perch in global housing markets: What new rankings show
  Canada loses its perch in global housing markets: What new rankings show
 

Michael Babad

 
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Opinion
 
Ottawa flings the big bucks in one direction while grabbing for loose change in the other
  Ottawa flings the big bucks in one direction while grabbing for loose change in the other
 

William B.P. Robson

President and CEO of the C.D. Howe Institute

 
Our federal fiscal masters are deeply inconsistent. They freely spend billions in revenue windfalls on one hand, but are obsessive about every nickel of tax they might fail to collect, no matter the cost to Canadians. The 2019 budget features yet another revenue bonanza of scattered handouts, many clearly contrived in haste.

 
That is bad. What is worse is how the government simultaneously tightens the screws, making tax compliance harder over amounts of money that are often derisory, and citing the integrity of the tax system in resisting reforms that could do Canadians much good.

 
 
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Energy and resources
 
  Duke Energy CEO’s pay drops to $14-million after major 2017 raise
 
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financial services
 
  OSFI official Carolyn Rogers named secretary-general of Basel Committee on Banking Supervision
 
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Inside the Market
 
  Empire CFO Michael Vels buying the dip
 
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Economy
 
  Weak factory activity in U.S., Europe and Japan dent hopes for a global economic recovery
 
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Technology, telecom and media
 
European Union to ignore U.S. calls to ban Huawei, but still monitoring cybersecurity risks
 
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International business
 
Trump offers Federal Reserve job to campaign adviser Stephen Moore
 
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Small business
 
Report on Small Business Newsletter: Top takeaways for private companies on the federal budget
 
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Careers
 
Social entrepreneurs wade into a global problem – sustainable water
 
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In case you missed it
 
Social entrepreneurs wade into a global problem – sustainable water
Social entrepreneurs wade into a global problem – sustainable water
 

Jennifer Lewington

 
Full Story
 
 
Portugal River Cruise
 
Join Globe and Mail Publisher and CEO, Phillip Crawley and Editor-in-Chief, David Walmsley as they host the second sailing of The Globe and Mail Portugal River Cruise from July 28 to August 7. This custom-built tour begins with a 3-night stay at the 5-star Tivoli Lisbon hotel and continues on from spectacular Porto where we embark on a journey through the beautiful Douro River Valley. All the while, cruise culinary hosts Tara O’Brady and Beppi Crosariol plus your favourite journalists will all be there to narrate the very best the region has to offer.
 
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