Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Ontario premier vows to 'hurt' Diageo sales over plant closure plan
    Finance

    Ontario premier vows to 'hurt' Diageo sales over plant closure plan

    Ontario premier vows to 'hurt' Diageo sales over plant closure plan

    Published by Global Banking and Finance Review

    Posted on September 3, 2025

    Featured image for article about Finance

    OTTAWA (Reuters) -The premier of Ontario on Tuesday said he would "hurt" Diageo after the world's largest spirits maker announced plans to close a facility in Canada's most populous province, which buys the company's products to sell in its liquor stores.

    Diageo said last week that it would shut its Crown Royal whisky bottling plant in Ontario by February 2026, as part of efforts to improve its North American supply chain.

    "You guys are about as dumb as a bag of hammers for doing this," said Premier Doug Ford, noting that the Liquor Control Board of Ontario bought C$740 million($540 million) worth of Diageo products a year. He said 180 jobs would be lost in the plant closure.

    "A message to the CEO ... you hurt my people, I'm going to hurt you. You're going to feel the pain in February," Ford told a press conference and proceeded to pour a large bottle of Crown Royal onto the ground.

    "I think everyone else should do the same thing. Start supporting companies that make whisky here," he said.

    Ford, a famously combative politician, led his Progressive Conservatives to victory in 2018 and easily won reelection in 2022. In March, the LCBO banned sales of U.S. alcohol products in response to President Donald Trump's tariffs.

    ($1 = 1.3817 Canadian dollars)

    (Reporting by David Ljunggren; Editing by Cynthia Osterman)

    Related Posts
    EU to lift sanctions on Kosovo and release financial aid, von der Leyen says
    EU to lift sanctions on Kosovo and release financial aid, von der Leyen says
    EU risks losing out to China and US with climate aims, new Czech minister says
    EU risks losing out to China and US with climate aims, new Czech minister says
    British stocks rise as investors await Bank of England rate cut
    British stocks rise as investors await Bank of England rate cut
    Spanish police search laboratory in African swine fever probe
    Spanish police search laboratory in African swine fever probe
    Birkenstock sees muted sales growth and profit as tariffs hurt margins
    Birkenstock sees muted sales growth and profit as tariffs hurt margins
    EU prosecutors request dropping of Genoa dam case against Italian Webuild CEO
    EU prosecutors request dropping of Genoa dam case against Italian Webuild CEO
    UK consumer spending and confidence is muted, says Currys boss
    UK consumer spending and confidence is muted, says Currys boss
    Activist investor Corvex calls for strategic review at Premier Inn-owner Whitbread
    Activist investor Corvex calls for strategic review at Premier Inn-owner Whitbread
    Banks win bid to block $3.6 billion mass forex UK lawsuit
    Banks win bid to block $3.6 billion mass forex UK lawsuit
    Russian ban on Roblox stirs debate about limits of censorship
    Russian ban on Roblox stirs debate about limits of censorship
    France not ready to sign Mercosur deal, Macron reaffirms
    France not ready to sign Mercosur deal, Macron reaffirms
    Polish Constitutional Tribunal violated principles of EU law, European court rules
    Polish Constitutional Tribunal violated principles of EU law, European court rules

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostZelenskiy pushes allies for more pressure on Russia as new air strikes hit Ukraine
    Next Finance PostInvestor group submits last-ditch rescue plan for Thames Water

    More from Finance

    Explore more articles in the Finance category

    Russia says it hopes Trump does not make a 'fatal mistake' on Venezuela

    Russia says it hopes Trump does not make a 'fatal mistake' on Venezuela

    Novartis, Roche back US efforts to lower drug costs amid talk of pricing deal

    Novartis, Roche back US efforts to lower drug costs amid talk of pricing deal

    Russia sentences Briton who fought for Ukraine to 13 years in prison camp

    Russia sentences Briton who fought for Ukraine to 13 years in prison camp

    Morning Bid: BoE to make the cut as others stay the course

    Morning Bid: BoE to make the cut as others stay the course

    Beauty retailer Douglas tempers growth forecasts for 2026 and beyond

    Beauty retailer Douglas tempers growth forecasts for 2026 and beyond

    Lufthansa plays catch up with European rivals after bumpy ride

    Lufthansa plays catch up with European rivals after bumpy ride

    Sterling steady before expected BoE rate cut

    Sterling steady before expected BoE rate cut

    European shares muted as investors cautious ahead of US data, ECB decision

    European shares muted as investors cautious ahead of US data, ECB decision

    BP names Meg O’Neill CEO after sudden Auchincloss exit

    BP names Meg O’Neill CEO after sudden Auchincloss exit

    Elliott gears up for Barnes & Noble and Waterstones listing, FT reports

    Elliott gears up for Barnes & Noble and Waterstones listing, FT reports

    Aena to buy majority stakes in UK airports for $360 million

    Aena to buy majority stakes in UK airports for $360 million

    Micron surges on upbeat profit forecast as chip prices soar

    Micron surges on upbeat profit forecast as chip prices soar

    View All Finance Posts