Vancouver


No Image

Huawei, the Chinese tech giant embroiled in controversy, just overtook Apple to become the second largest smartphone maker

Huawei has surpassed Apple to become the No. 2 smartphone vendor worldwide, according to new report. Huawei is thriving as global smartphone sales are continuing to decline worldwide. The company’s success comes as it combats accusations of espionage, among other controversies. Visit Business Insider’s homepage for more stories. The Chinese electronics giant Huawei has surpassed…



Lululemon delivers one of ‘strongest years ever’ amid push into new categories

Lululemon delivers one of ‘strongest years ever’ amid push into new categories

Lululemon Athletica Inc.’s ongoing evolution — its push into men’s wear, work wear, underwear and self-care — along with investments in e-commerce, product innovation and global expansion, led to one of its “strongest years ever,” the Vancouver-based retailer said Wednesday.The company said net revenue for the fourth quarter, aided by strong holiday sales, hit US$1.2…


Newmont says it will issue a special dividend if Goldcorp deal goes through — but it’s not an attempt to pay off investors

Newmont says it will issue a special dividend if Goldcorp deal goes through — but it’s not an attempt to pay off investors

Newmont Mining Corp. on Monday announced it will pay its shareholders a “special” dividend if it completes its US$10 billion acquisition of Vancouver-based Goldcorp Inc.The 88 U.S. cents dividend will cost Newmont roughly US$470 million in aggregate, and is payable only if Newmont completes its Goldcorp deal. In an interview with the Financial Post, Tom…



Persistent deficits and higher spending raising Canada’s economic ‘vulnerability’: Fitch

Persistent deficits and higher spending raising Canada’s economic ‘vulnerability’: Fitch

The Liberal government’s preference for continued deficits and increasing program spending “could increase the vulnerability of public finances to a faster economic slowdown or sudden shock,” according to Fitch Ratings.Canada has the second largest gross government debt of ‘AAA’ rated countries after the United States, which is ‘incompatible’ with its gold-plated rating, according to the…