03:13:01 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Nike CDR (CAD Hedged)
Symbol NKE
Shares Issued 500,000
Close 2023-07-11 C$ 20.40
Market Cap C$ 10,200,000
Recent Sedar Documents

Globe says Nike allegedly used forced Uyghur labour

2023-07-12 07:17 ET - In the News

Also In the News (C-DYG) Dynasty Gold Corp (2)

The Globe and Mail reports in its Wednesday edition that a watchdog created by the federal government to probe corporate wrongdoing abroad says it is opening an investigation into whether Nike Canada is selling products made with Uyghur forced labour in China. The Globe's Steven Chase, Susan Krashinsky Robertson and Tavia Grant write that it is one of two probes announced Tuesday by the Canadian Ombudsperson for Responsible Enterprise (CORE). The second will look into whether gold mining company Dynasty Gold is benefiting from coerced labour at an open-pit mine in China's Xinjiang region. Tuesday marks the first time that the CORE has commenced an investigation since opening its doors to receive complaints in March, 2021. Its initial assessment reports are the first the office has published since it began operating in May, 2019. The Core is investigating these companies in response to complaints filed last year by a coalition of human-rights groups. They asked for a probe into allegations that some products sold by 14 Canadian companies -- most of them subsidiaries of large U.S. firms -- are made with forced labour in China. The watchdog is expected to decide on the remaining complaints in the coming weeks.

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