Industry News
Toronto – Research company BrandSpark International has released the results of its 14th annual Best New Product Awards and they hold clues to which food products Canadians seek.
Calgary – After two failed attempts at an electronic fare system and decades of requiring exact change to ride the city bus, Calgary Transit is now considering allowing customers to use smartphones to purchase fares. CBC News reports. | READ MORE
Portland, OR – The global market was valued at $44,481 million in 2015, and is projected to reach $55,594 million by 2022, growing at a rate of 3.2 per cent from 2016 to 2022, says a Sugar Confectionery Market Report published by Allied Market Research.
Ireland – After a child managed to crawl into a toy claw machine, his father got him out through a space near the flap of the machine. CBC Radio's As It Happens reports. | READ MORE
Toronto – Global management company Accenture will help lead Payments Canada's modernization plan, a multi-year initiative to transform the systems and rules essential to Canada's payments ecosystem.
Toronto – Fiscal interventions like consumption taxes have not proven to reduce obesity, the Canadian Beverage Association in response to a University of Waterloo report that outlined potentially positive health and economic impacts of a sugary drinks tax in Canada.
Toronto – New research by the University of Waterloo commissioned by health organizations suggests an excise levy on companies that produce sugary drinks would go far in reducing death, disability and health-care costs.
Newmarket, Ont. – Mars Canada has invested $70 million in a 60,000-square-foot expansion of its chocolate manufacturing facility to accommodate production of Maltesers.
Phoenix, AZ – American Green will launch its proprietary verified vending system, which includes the American Green Machine (AGM) at the NAMA OneShow in Las Vegas in April.
Irvine, CA – If there’s one aspect of money that has noticeably changed over the past decades, it's how we spend and pay for purchases. This makes the cashless payments arena an exciting sector to watch. Entrepreneur reports. | READ MORE
Ottawa – The federal government is reaching out to Canadians for their views on plans to update minimum energy performance standards for products including furnaces, water heaters, vending machines and ceiling fans.
Richmond, VA – One mall in Richmond, Va., has tried to get creative with some of its shuttered stores in a likely attempt to distract shoppers from the vacated spaces and keep traffic flowing to its remaining tenants. Business Insider reports. | READ MORE
Philadelphia – PepsiCo is laying off 80 to 100 workers at distribution plants serving Philadelphia. According to the company, a soda tax that is cutting the area's soda consumption is to blame. Business Insider reports. | READ MORE
Renescure, France – Bonduelle, a maker of ready-to-eat vegetables for canned, frozen, fresh-cut and delicatessen markets, will acquire Ready Pac Foods, a U.S. maker of single-serve salad bowls.
Toronto – For the seventh year in a row, Interac Debit losses due to skimming have declined, reaching a record low of just $11.4 million, Interac Association/Acxsys Corporation said in a news release.
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