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Canada’s growth surprise affirms rise of services

  Bloomberg Canada’s economy just posted its best quarterly growth in two years. Third-quarter growth of 3.5 percent (at a seasonally adjusted annualized rate) topped the consensus estimate by one tick, and in doing so helped vindicate Bank of Canada Governor Stephen Poloz and his vision for the future of the Canadian economy, which continues to grapple with the impact ...

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Carmakers sustain sales with big discounts

  Bloomberg Deep dealmaking wrapped in a holiday bow brought US carbuyers back into showrooms in late November, saving a month whose first half was dominated by a nasty political campaign. “Fifty percent of the people were convinced the world was going to end no matter what happened” with the presidential election, said Sean Sellers, general manager of Charles Gabus ...

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Nestle finds method to cut sugar in chocolate by 40%

  Bloomberg Nestle SA says it found a way to reduce the amount of sugar in chocolate by as much as 40 percent, a discovery that may give the KitKat maker an edge as food producers face increasing pressure from governments, health advocates and shoppers to make products healthier. The world’s largest food company has developed a process to alter ...

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