‘We could have done a few things better’: Tim Hortons president vows to smooth things over with franchisees after months of unrest

‘We could have done a few things better’: Tim Hortons president vows to smooth things over with franchisees after months of unrest

TORONTO — Tim Hortons is ready to make amends. President Alex Macedo has been crisscrossing the country over the last few days, meeting with thousands of franchisees in a bid to regain their trust and convince them that the fast food giant is committed to improving its strained relationship with some owners. His tour comes…

Hedge funds are making a dangerous bet — and history suggests it’s going to blow up in their faces

Hedge funds are making a dangerous bet — and history suggests it’s going to blow up in their faces

In the world of investing, it’s usually a troublesome development when a position gets too popular. Pundits prefer to use the word “crowded” to describe these trades, which can quickly escalate into painful situations on the first sign of stress as investors simultaneously stampede towards the exits. Such a situation is brewing in the fixed-income…

Bank of America says oil could surge back to $100, and lays out exactly how it could get there

Bank of America says oil could surge back to $100, and lays out exactly how it could get there

Remember $100 oil? Bank of America Merrill Lynch says there’s a risk it’s about to come back. Brent crude, the international benchmark, last cost that much per barrel in September 2014. What nobody knew at the time was that the oversupply of oil would continue sending prices lower and create the worst crash in a…

What will rising oil prices mean for Canada? — not what they used to

What will rising oil prices mean for Canada? — not what they used to

While the rally in oil prices threatens to be a drag on global growth, it’s a good thing for Canada, the world’s fourth largest producer. Yet whether the benefits are large enough to make a big difference is an open question, given doubts around the sustainability of the price increases and obstacles to investment like…

‘Silicon Valley is ethically lost’: Google grapples with reaction to its new ‘horrifying’ and uncanny AI tech

‘Silicon Valley is ethically lost’: Google grapples with reaction to its new ‘horrifying’ and uncanny AI tech

The most talked-about, futuristic product from Google’s developer show isn’t even finished yet — and Google hasn’t agreed how to do it. At its I/O conference on Tuesday, Alphabet Inc.’s Google previewed Duplex, an experimental service that lets its voice-based digital assistant book appointments on its own. It was part of a slate of features,…

McDonald’s takes aim at Tim Hortons in breakfast wars: You can now buy bagels at all Canadian stores

McDonald’s takes aim at Tim Hortons in breakfast wars: You can now buy bagels at all Canadian stores

TORONTO — Alongside the Egg McMuffins, hashbrowns and hotcakes that have been on McDonald’s menus for years, consumers who visit the fast food giant’s restaurants Thursday might spot something new on the menu boards. McDonald’s Canada starts serving bagels at its restaurants across the country this week, following a four-month pilot in Ontario. The product…

Bridgewater, the world’s biggest hedge fund, says a crucial market driver is at 10 o’clock — and forecasts widespread pain once it gets to 12

Bridgewater, the world’s biggest hedge fund, says a crucial market driver is at 10 o’clock — and forecasts widespread pain once it gets to 12

On the surface, Bridgewater Associates’ performance last month looks unremarkable. Sure, the $150 billion firm’s flagship fund lost 1% in April, but it’s still up about 4% over the first four months of the year, according to a Bloomberg report. So what’s the big deal? As is often the case, the devil is in the…

5 years ago, stock-trading app Robinhood was rejected by 75 investors — now it’s worth $5.6 billion

5 years ago, stock-trading app Robinhood was rejected by 75 investors — now it’s worth $5.6 billion

In March, the Wall Street Journal reported that commission-free stock trading company Robinhood could be valued in excess of $5 billion. The Journal’s unnamed sources said the company was currently raising an estimated $350 million funding round, led by Robinhood’s longtime investor, the Russian investment firm DST. Now, Robinhood is confirming both the size of…