Funds articles

Milton Friedman is right, profit is a company’s only purpose

Milton Friedman is right, profit is a company’s only purpose

In his inimitable way, and with a Canadian union twist, Jerry Dias is on a mini-crusade to overturn the foundations of modern corporate capitalism. As the president of Unifor ratchets up his actions against General Motors Co. over its plan to close the automaker’s Oshawa, Ont., assembly plant, he is deploying some of the ideas from

Deciem founder Brandon Truaxe dead at 40

Deciem founder Brandon Truaxe is shown in this undated handout photo posted to Instagram. Truaxe has passed away at age 40.Handout/The Canadian Press TORONTO — The chief operating officer of Toronto beauty brand Deciem says the company’s founder Brandon Truaxe has died. In an email to The Canadian Press, Stephen Kaplan confirmed that 40-year-old Truaxe,

Canadian meat giant Maple Leaf debuts its new plant-based burger

Maple Leaf Foods has high expectations for its new plant-based burger.Robyn Beck/AFP Watch out, Impossible. Beware, Beyond. A new competitor is entering the plant-based burger market. Lightlife Foods, the brand behind Gimme Lean meatless “beef,” Tofu Pups hot dogs, Organic Fakin’ Bacon Tempeh Strips and other vegetarian staples, is joining the looks-like, cooks-like, smells-like, tastes-like-the-real-thing veggie burger fray. The

Tim Hortons’ parent hikes dividend and makes changes to management

Burger King and Tim Hortons' parent Restaurant Brands International Inc. raised its dividend as it announced changes in its executive suite.Canadian Press/Sean Kilpatrick / THE CANADIAN PRESS TORONTO — The parent company of Tim Hortons and other fast food chains doubled down on its plans for fast international expansion, shaking up its executive suite in

McDonald’s riles franchisees with demand to pay for kitchen wall in remodelling plan

McDonald's big push to revamp thousands of U.S. locations has encountered hiccups as franchisees complain about the expensive changes.Mike Stewart/AP Photo files McDonald’s Corp. has its own wall problems. They’re both literal and metaphorical. The world’s biggest restaurant company is creating strife with its U.S. franchisees by including a new wall in a remodelling plan.

China ‘absolutely necessary’ for Ontario Teachers’, CEO says

Ron Mock, president and chief executive officer of Ontario Teachers' Pension Plan.Dania Maxwell/Bloomberg Ontario Teachers’ Pension Plan has a long-term plan for China that’s unlikely to be derailed by political tensions, its chief executive officer said. “China’s a long game from our perspective and while there’s always skirmishes of one kind or another, in the