Business News Advisory

The Canadian Press, November 24, 2017 | Go to article overview

Business News Advisory


Business News Advisory

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Here are the CP Business Department's early plans for today. All times Eastern unless otherwise stated. Entries are subject to change as news develops. If you have any questions, please don't hesitate to contact business editor Sunny Freeman at 416-507-2185 or sunny.freeman@thecanadianpress.com or assistant business editor Jody White at 416-507-2024 or jody.white@thecanadianpress.com. We can also be reached at 416-507-2138.

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EARLY HITS:

Some consumers, stores shun Black Friday

Black-Friday

VANCOUVER -- Chaotic images of people clamouring to be the first through the doors to get their hands on hot deals have become synonymous with Black Friday in recent years.However, the one-day shopping frenzy at malls and stores following American Thanksgiving may be on the decline as some consumers and retailers start to shun the tradition by either opting out entirely or turning to internet shopping instead. PHOTO. Runs Business and National; guard against duplication

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COVERING:

We'll be updating our story on Sobeys' plan to cut 800 staff across Canada.

We'll have coverage of StatCan's quarterly financial statistics for enterprises.

Ian Bickis will attend Alberta Premier Rachel Notley's final speech from her cross-country pipeline advocacy tour in Calgary.

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TOP STORIES:

Sobeys to cut 800 office jobs across Canada

Sobeys-Job-Cuts

STELLARTON -- The Sobeys grocery business will be cutting about 800 office jobs across Canada as part of efforts to create one efficient national organization out of five regional operations, the company announced Friday."The future success of Sobeys, and our continued service to over 900 communities across the country, depends on our steadfast commitment to transform our business," said Michael Medline, who is chief executive of Sobeys and its parent company, Empire Co. Ltd. (TSX:EMP.B) PHOTO. Moves Business, National and Atlantic regional.

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Aurora formally launches CanniMed takeover bid

Aurora-CanniMed

VANCOUVER -- Aurora Cannabis Inc. formally launched its all-stock hostile takeover bid for CanniMed Therapeutics Friday, on the condition that the medical marijuana producer cancel its own planned acquisition of Newstrike Resources Ltd.The Vancouver-headquartered licensed marijuana company says in a statement it placed a newspaper ad for its offer, valued at $24 per share, and a takeover bid circular will be mailed to CanniMed's shareholders. …

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