Ikea buys 65 acres of land in Hamilton for $82 million

Ikea buys 65 acres of land in Hamilton for  million

Ikea buys 65 acres of land in Hamilton for $82 million | TheSpec.com “,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,” mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”locater map”,”internalScroll”:false,”displayStyle “:”small-up”},{“text”:”Ikea Canada confirmed the news with The Spectator in an email response Thursday.”,”type”:”text”,”isParagraph”:true,”isHeading”:false },{“text”:”The multinational company’s Canada division said the “future land asset” purchased in Hamilton area will be used “for fulfillment operations.””,”type”:”text”,”isParagraph”:true,” isHeading”:false},{“text”:”“We are in the early stages … Read more

‘New bottle, same Sprite’: Why Sprite is ditching its familiar green plastic bottle

‘New bottle, same Sprite’: Why Sprite is ditching its familiar green plastic bottle

For decades, Sprite has come in its iconic green bottle. That’s all about changing. The Coca-Cola Company is officially getting rid of their green Sprite bottles and replacing them with clear plastic as part of “major steps to support a circular economy” for packaging, the company said in a press release posted on their website. … Read more

Is the worst of the inflation crisis behind us? We asked five economists

Is the worst of the inflation crisis behind us?  We asked five economists

The worst of it may be over. Just a week after Statistics Canada reported inflation rose to 8.1 per cent year-over-year in June — the largest increase in nearly four decades — some economists say inflation has peaked, but warn of turbulence ahead for the country’s fragile economy. “It’s like a fever that has peaked … Read more

Rogers to spend $150M on customer credits for outage

Rogers to spend 0M on customer credits for outage

Despite its massive outage, Rogers still expects a banner year with service revenues up six to eight per cent as customer complaints have already started to slow, its top executives told the investing community Wednesday. The telecom giant reported good financial results for the second quarter and said it can absorb the extra spending tied … Read more

Shopify shares plunge as online shopping giant slashes workforce by 10 per cent

Shopify shares plunge as online shopping giant slashes workforce by 10 per cent

That big pandemic bump for online shopping? Seems it wasn’t permanent after all. Ottawa-based online shopping giant Shopify announced Tuesday it is laying off 10 per cent of its workforce, with CEO Tobias Lutke admitting the company had bet too heavily on the COVID-19 pandemic bump in e-commerce. “We bet that the channel mix — … Read more

Inside this $20M Muskoka ‘lake castle’ by Ferris Rafauli

Inside this M Muskoka ‘lake castle’ by Ferris Rafauli

This Muskoka luxury property takes the term “elevated living” up a level…or two. Designed and built by world-renowned Ferris Rafauli, this spectacular 4-bedroom, 8-bathroom estate sits on the shores of one of Ontario’s premier waterfront locales. The home itself is named Chateau Du Lac, which translates to “lake castle.” “Ferris Rafauli is an icon,” Claudine … Read more

The mental health of Canadians is at a breaking point

The mental health of Canadians is at a breaking point

First, it was the pandemic. Today, it’s the rising cost of living. Canadians just can’t seem to catch a break. And now, many are at a breaking point. Working professionals are experiencing increased strain on their emotional well-being, according to a major report released Thursday, which found that the mental health of Canadians in June … Read more

Canada’s housing market faces ‘historic correction’ that could see sales drop 42%, RBC says

Canada’s housing market faces ‘historic correction’ that could see sales drop 42%, RBC says

Canada’s housing market could be facing its biggest downturn in recent history, according to a new report from RBC. After the price of residential properties soared during the pandemic — with some of the most expensive regions experiencing increases of 50 per cent or more — Canada’s largest bank is predicting that national home prices … Read more

‘Catastrophic’ damage has Niagara grape growers considering their future

‘Catastrophic’ damage has Niagara grape growers considering their future

Grape grower Matthias Oppenlaender walks through a Niagara-on-the-Lake vineyard, kneeling down to describe the winter damage done to his neighbour’s crops. Harsh winter conditions caused extensive bud damage, forcing about five acres of Cabernet Sauvignon vines to be cut down to the base of the trunk. With any luck, the plants with healthy sucker growth … Read more

Clash over whether US officers can be armed in Canada keeps Nexus centers closed

Clash over whether US officers can be armed in Canada keeps Nexus centers closed

MONTREAL – A dispute over legal protections for American customs officers has kept Nexus enrollment centers closed in Canada more than three months after they reopened south of the border — due in part to a clash over US agents’ right to carry guns on Canadian soil. The standoff has led to a massive backlog … Read more