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Business

New locations boost A&W fund

A&W Revenue Royalties Income Fund's pool of burger restaurants has begun to show signs of improvement, although sales of older locations continued to decline compared with a year earlier - only at a slower pace.

Fewer carats, more value for Diavik

Harry Winston Diamond Corp. says the 2012 production target for the Diavik mine has been reduced to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.

Manufacturing sales increase 1.5 per cent

Statistics Canada says manufacturing sales rose 1.5 per cent to $49.5 billion in August, the highest level since March 2012. The gains mainly came in higher sales in the petroleum and coal products, and vehicle industries.

Telcos' EnStream venture divests mobile wallet

The EnStream joint venture set up by Canada's three largest mobile phone companies is selling its Zoompass mobile wallet business. It says Paymobile Inc.

Quick fix for hockey sticks

Port Alberni firm uses aerospace technology to repair composites

New senior operations team is part of overhaul at CP

Canadian Pacific (TSX: CP) has appointed members of a senior operations team to oversee new service plans as part of an overhaul of operations following a bruising shareholder battle that saw a new CEO installed earlier this year.

Best Buy, Future Shop to trim holiday hiring

Future Shop and sister company Best Buy Canada plan to hire fewer holiday employees than they did last Christmas, partly due to the trend toward customers shopping online.

Ford recalls Fiesta over airbag issue

Ford is recalling more than 154,000 Fiesta subcompacts to fix a problem with the side airbags, including 28,000 in Canada.

Developer to convert Queen Victoria Hotel into rental suites

The Queen Victoria Hotel and Suites building is being converted into rental units. Vancouver-based Concert Properties acquired the 47-year-old, eight-storey building at 655 Douglas St. from the Hartnell family this year and took possesion on Friday.

Mutual-funds sales up from year ago

Investors increased the amount of money they put into mutual funds last month than they did a year earlier, according to data compiled by the Investment Funds Institute of Canada. The industry group said net sales totalled $1.