Major Canadian retailers are violating federal privacy laws when it comes to their in-store cameras, a new study has found.
Major Canadian retailers are violating federal privacy laws when it comes to their in-store cameras, a new study has found.
Nearly two-thirds of Canadians polled plan to take advantage of Boxing Day sales, according to a survey released Wednesday by the Bank of Montreal.
Canada’s annual inflation rate fell to a three-year low of 0.8 percent in November, raising questions about the Bank of Canada’s stubborn insistence that the next move in interest rates will be an increase.
The union representing workers at the General Motors plant in Oshawa, just east of Toronto, reacted with anger Tuesday after the company announced it will move its Camaro production to Michigan.
Hyundai Motor Co is recalling about 13,500 of its 2012 Veloster models with sunroofs that may shatter while the car is moving, the company and U.S. safety regulators said.
Political considerations are likely to keep Canada from following Washington’s lead and selling its stake in General Motors Co, industry experts say, potentially until after the next general election, scheduled for 2015.
Air Canada’s new low-cost carrier will begin flying to European and Caribbean vacation spots next year under the name “Rouge”, the airline said on Tuesday of the service it hopes will provide a springboard for sustained profitability.
Toyota Motor Corp has agreed to a record fine of $17.35 million US for failing to report a safety defect to the U.S. government in a timely manner, but maintained it has done nothing wrong.
Few things sting like a job loss.
Decade after decade, Sweden keeps inspiring the world in terms of innovative economic policy.
Norman Woodland, co-inventor of the bar code, the inventory tracking tool that transformed global commerce in the 1970s and saved shoppers countless hours in the supermarket checkout line, has died, his daughter said.
More Canadians are investing in RRSP's, but they are not maxing out their annual contribution, a study says.
Over the past couple of months, Finance Minister Jim Flaherty has repeatedly said that he isn't ruling out another stimulus spending package like the one we had in 2008-09 in the event of a deterioration of the global economy.
Canada's job market bounced back in November after a sluggish October, the economy creating the most jobs in eight months, according to data that offered hope of stronger economic growth in the fourth quarter.
It's about to get a lot harder to feed your family in Canada, according to a reputable report.
Canadian Pacific Railway, Canada’s second biggest rail carrier, said on Tuesday that it would cut 4,500 employee and contractor jobs by 2016, as it pushes to dramatically cut costs and improve its operating efficiency.
You'll pay more for a new home in Canada next year for -- wait for it -- snail mail.
One in four working Canadians expect to receive a year-end bonus this holiday season.
All of you who have money invested know - or if not, should know - the power of compound interest.
Canada's flag carrier announced Thursday a "major international expansion" of flights to Asia starting mid-2013.
Starbucks has a rare new $7 coffee on the market, but the java giant says you can still get basic brew for under two bucks.
Online sales for "Cyber Monday," the traditional debut for holiday Web shopping, jumped to $1.465 billion this year, a research firm said Wednesday.
Pierre Duhaime, former CEO at engineering giant SNC-Lavalin, was arrested Wednesday after $56 million went missing at his former firm.
Canada can balance both humanitarian goals and economic development with its foreign aid dollars, says International Co-operation Minister Julian Fantino.
Online sales jumped on Cyber Monday, sending e-commerce retailers’ shares higher and suggesting strong growth from earlier in the holiday shopping season is continuing for now.
U.S. and European authorities seized 132 domain names in a counterfeit goods crackdown linked to Cyber Monday, the online bargain day, the head of U.S. Immigration and Customs Enforcement said.
Eccentric billionaire Tony Stark, aka Iron Man, has captured comic book fans' attention since 1963.
Mark Carney is taking his skills to London to steer the Bank of England back to respectability.
Most of the people on Canadian Business magazine's annual ranking of the country's 100 wealthiest Canadians this year topped the rich list last year, too.
Canada got its first real taste of Black Friday this year. It's been around in the United States for more than 50 years, but Canada is just catching on.
Rather than navigate crowded malls, 44% of Canadians will look for deals on Cyber Monday from their comfort of their homes, a new study says.
"To err is human, to forgive divine," said Alexander Pope, esteemed English poet and writer.
While opposition MPs try to delay the government's 2012 budget implementation bill, Finance Minister Jim Flaherty has set his calculator on next year's financial blueprint.
There is a widespread belief among some segments of the population that businesses control governments and can dictate policies that favour them.
Shares of Research In Motion Ltd surged more than 11% in Toronto on Thursday, after an analyst raised his price target on the stock, citing “positive sentiment building in the industry” ahead of the launch of BlackBerry 10.
The company that owns Canada’s highest-traffic mall knows many of its customers work on Black Friday - that’s why Toronto’s downtown Eaton Centre is opening at 6 a.m.
In the world of comedy, there are few things that are off limits.
Hostess Brands Inc will proceed with a plan to go out of business after the maker of Twinkie snack cakes said last-minute talks with striking workers broke down on Tuesday.
The state of today's business world is fast-paced, constantly evolving and undeniably competitive. Having a successful career, regardless of what position you are in, is highly dependent upon several factors, including knowledge, confidence and finesse.
The National Labor Relations Board said it is unlikely to make any decision before Thursday’s Thanksgiving Holiday on Walmart's push to stop protests and rallies outside its stores, the U.S. labour board said on Tuesday.
Retailer Hudson’s Bay Co said on Tuesday its initial public offering will raise some $365 million, a sum that is well below the company’s original target of about $400 million.
Quebec's pension fund announced Monday that it purchased a $360-million stake in a 40-storey midtown Manhattan office building.
BP Plc plans to spend up to $5.9 billion buying back its shares after agreeing last week to pay record criminal penalties over the Deepwater Horizon disaster, Britain’s Sunday Times said in an unsourced report.
Hostess Brands Inc, the bankrupt maker of Twinkies snack cakes and loaves of Wonder Bread, is seeking a U.S. court’s permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.
After launching black bun burgers and promotional stunts allowing customers to stuff as much bacon as they wanted in their sandwiches, Burger King Japan is at it again, this time with an all-you-can-eat Whopper buffet.
Hostess Brands Inc said it will ask a U.S. bankruptcy judge for permission to liquidate if enough striking workers do not return to work by the end of Thursday to let the maker of Twinkies and Wonder Bread resume normal operations.
The economy may be growing slowly, but job openings are keeping pace with it, the Canadian Federation of Independent Business says.
Sun Media Corporation announced Tuesday a restructuring initiative expected to result in over $45 million in annual savings.
Leon's Furniture's purchase of the The Brick will allow the chain to battle American competitors in the Canadian market, the company's boss says.
Unless you're filthy rich, you've probably noticed that movie theater popcorn costs an arm and a leg. Still, for some unknown reason, countless consumers shell out the big bucks for this greasy flick-food.
Finance Minister Jim Flaherty will grade Canada's economic performance Tuesday - a fall report card that will show tax revenues are down and that erasing the deficit by 2015-16 is not a sure bet.
The Apple iPad mini's marketing campaign looks to win over consumers who are looking to purchase a slightly smaller (and cheaper) version of the iPad.
When people warn that the United States is approaching a "fiscal cliff" it doesn't take much wit to realize it's not a holiday camp. But what is it and where, why is Uncle Sam whistling insouciantly as he hurtles toward it, and how might he avoid the high jump?
McDonald's Canada has launched a range of take-home, ground coffee to expand their McCafé offerings and likewise encroach on a segment of the market dominated by rivals Tim Horton's and Starbucks.
Newly re-elected President Barack Obama offered on Friday to deal with Republicans to avert a looming U.S. fiscal calamity but insisted a tax increase for the very rich must be part of the bargain.
The "fiscal cliff" of potentially damaging U.S. tax hikes and spending cuts is the biggest issue facing the Canadian economy, Bank of Canada Governor Mark Carney said Thursday.
Tim Hortons Inc reported an increase in its quarterly profit on Thursday, helped by higher sales and a lower effective tax rate.
Canadian housing starts fell more sharply than expected in October, according to data on Thursday that confirms a welcome slowing in the country’s once-booming property market after the government repeatedly tightened mortgage rules.
Air Canada reported a 56% rise in third-quarter operating profit from a year earlier, marking a turnaround from the second quarter when bookings slumped in the wake of wildcat strikes and the collapse of its maintenance contractor.
Walmart will kick off its holiday sales rush at 8 p.m. on Thanksgiving, its earliest start ever, and will guarantee that those who line up can buy a trio of gadgets as it places a big bet that shoppers are ready to spend this holiday season.
Canadian Tire Corp, one of the country’s biggest and best-known retailers, reported higher adjusted earnings and revenue on Thursday and boosted its dividend.
Canada’s trade deficit fell unexpectedly to $826 million in September as exports increased by 1.9% while imports were unchanged, Statistics Canada data indicated on Thursday.
North America is the country of innovation and inventions, big and small. But what about those smallest, least expensive of inventions? Here are five products under five dollars that made a million - and in some cases, a lot more than that.
An NDP MP doesn't believe it's fair that consumers must pay a fee to pay their bills.
Now that the U.S. presidential race is history, several bilateral issues are bubbling to the surface, including an oil pipeline to Texas and the biggest threat facing a fragile Canadian economy - a gridlocked Congress.
WestJet Airlines Ltd, Canada’s second-biggest airline, reported an 80 percent rise in third-quarter profit as it flew more passengers.
The world’s leading economies will give themselves more wiggle room to meet their own targets for cutting budget deficits rather than risk aggravating a slowdown in many countries, chief among them the United States.
Norwegians pay the most for their meals at McDonald's, shelling out nearly $23 USD per transaction, while restaurants in Switzerland average nearly 5 million sales yearly per outlet, the highest traffic of any country in the world.
One of the best-established law of economics is that trade is good for all parties. By specializing in some types of production and exchanging with others, we become more productive at what we do, while being able to access goods and services produced by millions of other individuals.
Canada's job market stalled in October after two months of strong hiring, Statistics Canada data showed on Friday, confirming expectations employment gains would ease to reflect sluggish economic growth.
The Bank of Montreal said its services were partially restored early Friday afternoon, with customers able to access their accounts at ATMs through mobile, credit cards and points of sale, after a system-wide shutdown earlier in the day.
Wall Street firms and U.S. banks scrambled to raise cash on Wednesday, as U.S. financial markets resumed normal trading after a devastating storm pummelled the U.S. East Coast and closed major markets for two days.
The economy shrank in August for the first time in six months, an unexpected contraction that pointed to a sharp slowdown in third-quarter growth and reinforced the Bank of Canada’s message that interest rate hikes are less imminent.
Industry Minister Christian Paradis says there's "no point" in the Conservative government meddling in the federal broadcast regulator's decision to reject the takeover of Astral by Bell Canada Enterprises.
Canada is the sixth most prosperous country in the world, topped only by Australia, New Zealand and three Scandinavian countries, according to a British think-tank's new prosperity index.
U.S. stock exchanges are looking at opening on Wednesday after monster storm Sandy receded from New York, sources said, and the New York Stock Exchange is testing a new plan to help resume trading.
Despite all the talk about students and recent grads struggling to find work since the recession, a new report suggests the outlook isn't as bleak as it seems.
Apple Inc CEO Tim Cook on Monday pushed out the powerful head of the company's mobile software products group, sources said, in a major management shakeup that also claimed the recently hired chief of the retail stores division.
One reason the Quebec student protests were so well organized last spring was that the students got financial help - tens of thousands of dollars - not only from Quebec unions but from others across the country.
Malaysian state oil company Petronas said on Monday it has extended the closing date on its bid for Canadian gas producer Progress Energy Resources until Nov. 30, as it works to overturn the Canadian government’s rejection of the proposed deal.
U.S. stock exchanges and Wall Street banks sent crucial employees into Manhattan to stay in hotels and coworkers’ homes, preparing to open for business on Monday with at least skeletal staff as Hurricane Sandy threatened to halt mass transit.
Moody’s Investors Service on Friday said it could cut its ratings on several Canadian banks in coming months, including Canadian Imperial Bank of Commerce and Toronto-Dominion Bank, because of economic challenges not fully captured in current ratings.
Mark Carney says an interest rate hike is "less imminent."
Canadians love to hate their phone and Internet providers, and an annual report by the Commission for Complaints for Telecom Services shows the volume of complaints rising for the fourth year in a row.
Bank of Canada Governor Mark Carney would like you to know he thinks Back in Black is a better AC/DC album than Highway to Hell and that, no, he won’t be a candidate to be the leader of the federal Liberals.
Prepaid credit cards must have its fees clearly displayed and can no longer expire, Finance Minister Jim Flaherty announced Wednesday.
Bank of Canada Governor Mark Carney says he would hike interest rates if Canadians don't heed warnings about escalating household debt.
Household debt will become a larger factor in determining monetary policy, the Bank of Canada said Tuesday after opting not to tinker with interest rates for the 25th consecutive month.
A new lawsuit accused Walmart Stores Inc and two staffing agencies of requiring temporary employees to show up early for work, stay late, and work through lunch at the world’s largest retailer.
The federal government is working on new rules for firms controlled by foreign governments that want to take over Canadian companies, Prime Minister Stephen Harper said Monday.
It's not often that a feature film celebrates individualism and the free market. On the contrary, money and the people who make it are almost invariably presented as evil in Hollywood movies where these types of topics are raised.
Nissan Motor Co is recalling 13,919 of its top-selling Altima sedans in the United States because bolts that may not have been tightened properly during production could fall off, increasing the risk of a crash, according to U.S. safety regulators.
The Canadian dollar hit a more than 10-week low against the U.S. currency on Monday, hurt by a blocked foreign takeover in the energy sector and expectations the Bank of Canada will drop its hawkish tone on interest rates on Tuesday, but the currency recovered late in the day and closed slightly higher.
Canada's stock market is likely to take a tumble Monday and you can thank the Harper government for that, half-a-dozen American analysts and fund managers told me Sunday.
Federal regulators have struck a deathblow to the proposed $3.4-billion media mega-merger involving Astral Media and Bell Canada Enterprises.
The president of the CRTC will announce a decision on the controversial Bell-Astral merger Thursday afternoon.
Two British parliamentary committees are due to quiz tax officials about how Starbucks was able to avoid paying tax on 1.2 billion pounds ($1.93 billion) of sales since 2009.
Loblaw Cos Ltd, Canada's largest grocer, said on Tuesday that it planned to cut about 700 head office and administrative jobs over the next three weeks in a move aimed at reducing costs.
Toronto-Dominion Bank is looking for answers after losing data tapes containing information on 260,000 U.S. bank customers, but the lender said it had no reason to think the data was being misused.
Sales of existing homes in Canada rose in September from August, notching the first monthly gain since March, the Canadian Real Estate Association said on Monday, but year-over-year sales dropped sharply in another sign Canada’s hot housing market is cooling.
Zellers employees in Calgary will gather outside two stores Saturday to protest "a Walmart-like approach to workers" by refusing to respect their loyalty, experience and labour rights.
A national database which estimates the worth of houses may contain errors that have fuelled inflation in the Canadian property market, where a steady rise in home prices has fanned fears of a bubble, a newspaper reported.
Canada’s imports in August dropped by a surprising 3.1% from July, suggesting the Canadian economy is struggling to cope with weak international markets and slowing domestic demand.
The Indian Farmers Fertiliser Co-operative (IFFCO), one of India’s largest fertilizer makers, plans to build a $1.2 billion nitrogen plant in Eastern Canada with a Canadian partner to cash in on strong North American demand.
Public debates regarding new drugs tend to focus on the high prices we as consumers or taxpayers have to pay to gain access to them. But we should not forget one basic reality: the development of new drugs is a risky and extremely expensive gamble.
Canada and France will co-host a forum on the future of digital content industries.
What happens when you are an autonomous entity who happens to be in the middle of prime infrastructure and oil deals? What if there were no checks and balances or a system that ensures public funds land where they should? What if you were given unlimited political authority with no elected bodies to report to? This would make you a dictator. You could choose to be a benevolent dictator or a selfish one. Most dictators, past and present, chose the latter.
There's a line from Tolstoy's "Anna Karenina" that says, "Happy families are all alike; every unhappy family is unhappy in its own way."
For a brief period in the late 1930s and 1940s, Adolf Hitler managed to redefine and personify evil in a way that even ancient mass-murderers such as Tamerlane and Genghis Khan never aspired to.
All but 7% of Canada’s federally regulated, private defined-benefit pension plans were underfunded at the end of 2011, the government’s Office of the Superintendent of Financial Institutions reported on Friday.
The federal budget deficit for the 2011-12 fiscal year was a higher-than-forecast $26.2 billion, in part because the European crisis cut revenues, government officials said on Friday.
Millions of people around the world use smartphone applications as resource guides for everything from the weather to stock price movements.
The Canadian economy added a thumping 52,100 jobs in September, almost all of them full-time, defying expectations and bolstering the Bank of Canada’s case for an eventual interest rate rise.
Raise your hand if you want Mark Zuckerberg to fail. Well haters — this just in: he's still more popular than you.
Quebecor Inc. is increasing its stake in media subsidiary Quebecor Media Inc. in a $1.5-billion buyback from the Caisse de depot, Canada's largest pension-fund manager.
For the first time, NDP Leader Thomas Mulcair is backing "reciprocity" with China as a factor in the government's decision on whether to approve Chinese state-owned CNOOC's $15.1-billion takeover of Canadian energy giant Nexen.
If you were to receive an excellent service, free of charge, would you mind if the company providing that service gained the loyalty of over 80% of consumers?
More than half of Canadian small businesses have never hired a person with a disability, a new survey has found.
Retired hockey superstar Wayne Gretzky says his father, Walter, not only taught him how to play the game but also to be financially conservative, avoid debt and put his money where it is safest: in the bank.
Although we may often think of college courses as a means to an end when working toward a specific degree or career, some college courses may be mostly for fun or personal interest.
Stocks and bonds are common investment vehicles which are owned, directly or indirectly, by investors and pension holders. Metals also have a market value; silver and gold, for example are traded daily. Other metals also have value and a new breed of investors is emerging: the coin hoarder.
The Competition Bureau said Friday it charged Irving Oil and its Quebec manager with fixing the retail price of gasoline at gas stations in three Quebec cities.
Sun Media has appointed a new vice-president to lead a reorganization of the company's news operations on all platforms.
On Sept. 26 Facebook confirmed to TechCrunch that it has began removing fake "Likes" from brand pages. These fake "Likes" are generated by compromised accounts, deceived users, malware and "Likes" that were purchased in bulk.
Microsoft Corp will be charged for failing to comply with a 2009 ruling ordering it to offer a choice of web browsers, the European Union’s antitrust chief said on Thursday, which could mean a hefty fine for the company.
The Canadian Auto Workers union said on Wednesday it had reached a tentative four-year labor contract with Fiat SpA's Chrysler Group LLC, the last of the Detroit Three automakers to agree to a new deal with its Canadian workers.
Federal investigators uncovered two U.S. grocery store owners who trafficked in more than $1 million US in food stamps apiece and seized four luxury cars, including a Ferrari, from one of them, the Agriculture Department’s watchdog agency said on Wednesday.
ST, CATHARINES, Ont. -- Here comes a Honey Boo Boo nickname generator -- and it was developed by a Canadian company.
Some people (who are generally purely ideologically motivated) have been spreading a great lie about how our health care systems actually function.
Today's job market is competitive. Those who are in need of work undoubtedly know how difficult it can be to compete for the top jobs. This competitive environment has led some unscrupulous job seekers to embellish or exaggerate their experience in order to improve their chances of obtaining jobs. What are the consequences for the employee who has embellished on his or her resume if he or she gets caught?
Most Canadian baby boomers don't intend to give up their current lifestyle to enter retirement.
Canada’s annual inflation rate in August slipped to 1.2% from 1.3% in July, indicating there is no real pressure on the Bank of Canada to start raising interest rates from near-record lows.
Air Canada said on Thursday it plans to hire more than 900 new employees over the next 12 months, partly in preparation for the launch of its low cost carrier that is expected to begin operations in 2013.
The majority of Canadians admit they've done cash deals in order to dodge the taxman — and most don't see anything wrong with it, a new survey reveals.
Does intelligence equal wealth? If the question isn't rhetorical, then the answer is "no." Then again, it all depends on a number of factors. If you define intelligence as the ability to apply knowledge and skills, then intelligence certainly can equal wealth. Study hard, apply yourself and read. After all, having an education is the only guaranteed way to get ahead, right?
Contract talks between the Canadian Auto Workers (CAW) and General Motors Co were “bogged down” on Wednesday on plant-specific issues, a CAW official said, making a quick breakthrough on an overall deal unlikely.
Air Canada will operate its planned low-cost airline as a wholly owned unit with its own management team, the company’s chief financial officer said on Wednesday.
The net worth of the richest Americans grew by 13% in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast of characters once again populated the top of the magazine’s annual list of the U.S. uber-elite, including Bill Gates, Warren Buffett, Larry Ellison and the Koch brothers.
New data showing a slowdown in Canada’s hot housing market was largely expected and a market correction will not have a significant impact on the Canadian economy or on its big banks, the head of Bank of Nova Scotia said on Tuesday.
Canadians enjoy more economic freedom than Americans -- and more than people in 138 other countries -- according to a new report released Tuesday by the Fraser Institute.
The Canadian Auto Workers union said on Monday it had reached a tentative four-year agreement with Ford Motor Co, and extended talks with Fiat SpA’s Chrysler Group LLC and General Motors Co past a midnight deadline.
You gotta love Ken Lewenza; he comes out swinging every time.
Lowe’s Cos Inc said on Monday it had withdrawn its $1.8 billion proposal to buy Rona Inc in the face of stiff opposition to the unsolicited bid for the Canadian home improvement retailer.
CBC/Radio-Canada is the latest media company to come out against the planned merger between Bell and Astral Media.
The whistleblower in a landmark tax-dodging case against Swiss bank UBS AG has won a record-setting $104 million reward from U.S. authorities in a strong show of support for the Internal Revenue Service’s controversial whistleblower program.
Canada plans to create a new class of visa that it hopes will attract high-tech and other entrepreneurs to immigrate to the country to start new companies, officials said on Tuesday.
Pierre Karl Peladeau, president and CEO of Quebecor Inc., told Canada's broadcast watchdog that BCE Inc's bid to buy Astral Media creates a bad precedent and should be rejected.
Citizens, consumer groups and telecom executives will testify this week before Canada's broadcast watchdog examining Bell's proposed $3.4-billion takeover of Astral Media.
A Superior Court judge has green-lit a class action lawsuit against big oil companies accused of bilking motorists in an alleged price-fixing scam in central and eastern Quebec.
Bank of Canada governor Mark Carney tore a strip off NDP Leader Tom Mulcair's theory that oil money is hurting the country's manufacturing sector.
The Canadian economy added 34,300 jobs in August, recouping all 30,400 positions lost in July as it returned to the recent trend of slow net increases in employment, according to Statistics Canada data released on Friday.
Federal Finance Minister Jim Flaherty took a swipe Friday at the struggling euro, which he claims is dragging down Canada’s thriving economy.
A new Fraser Institute labour survey turned up no real surprises in finding Alberta and Saskatchewan are leading North America in job creation and growth.
New pressure is being brought to bear on the CRTC and the Competition Bureau to reject Bell's proposed $3.4-billion takeover of Astral Media, as four consumer groups form a second coalition to oppose the merger.
Arguments about money hamper many marriages. In fact, couples fight about money twice as much as they fight about sex, according to a Money Magazine survey. And the challenges can actually start even before you say "I do."
A new poll suggests six in 10 Canadians disapprove of the purchase of Astral Media by Bell when told the resulting company would control 38% of the TV market and 29% of the radio market in Canada.
Consumer debt among Canadians has shot to an eight-year high, credit bureau TransUnion reports.
Canada cannot devalue its way to prosperity or blame weak export levels solely on the strong Canadian dollar, the head of the Bank of Canada said on Wednesday.
Defined-benefit private pension plans are those in which an employer promises a predetermined monthly benefit based on the employee's earnings history, tenure of service and age, rather than depending on investment returns.
Canada’s main stock index dipped lower on Monday, pulled down by shifting signals about the European Central Bank’s plans to tackle the region’s sovereign debt crisis.
Canadian workers are expected to get an average raise of 2.9% next year, according to a survey of more than 500 organizations in the country.
A new survey says 53% of Canadians in their 50s plan to continue working in retirement to offset their low savings.
Different people do different things with their money, but when the money they have is sufficient to take care of their priorities, it can bring about bundles of joy. Money could help prevent a home foreclosure in the United States, or allow a poor farmer in a developing nation to feed his or her family.
Global investors are likely to remain cool on Canada's oil patch, despite expectations of rapid gains in output, as they worry about economic risks and a squeeze on pipeline capacity that will keep pressure on crude prices, an analyst said.
Market volatility has terrified investors to such an extent that they are avoiding stocks like the bubonic plague. But as cash becomes king, it bears a leaden crown.
U.S. solar and biofuel companies are struggling to find new top executives after a string of departures over the past year, demonstrating a lack of faith among executives that the sector can recover from a supply glut that has hammered share prices.
Staples Inc reported lower-than-expected second-quarter results as a struggling global economy weakened demand in North America, Europe and Australia.
There's been a lot of talk in recent years about the obesity "epidemic" sweeping the developed world.
Groupon Inc lost more than a quarter of its value as its shares sank to a record low on Tuesday.
Canada's robust housing market is expected to soften over the next few months and into 2013, with a slowdown in the pace of housing starts, the Canada Mortgage and Housing Corporation said on Tuesday.
General Motors Co is recalling 10,315 Chevrolet Express and GMC Savana vans from model years 2003-2004 in 20 cold-weather U.S. states and in Canada because road salt may have corroded a fueling pipe, GM said.
One of Canada's Big Three automakers has drawn its battle lines in anticipation of "tough" negotiations with the Canadian Auto Workers union, according to a source close to the bargaining.
A new survey found nearly half of Canadians don't have a savings fund set aside for emergencies, suggesting many would have to withdraw money from their RRSPs or take on debt to cover an unexpected expense.
Google Inc will slash 20% of the workforce of Motorola Mobility in the Internet search giant’s largest job cuts ever as it moves to make more smartphones and fewer simple mobiles.
General Motors is recalling more than 38,000 Chevrolet Impala police cars in the U.S. and Canada because a part in the front suspension can crack and cause a crash.
Canada’s economy unexpectedly lost 30,400 jobs in July in a third disappointing month for the labor market, suggesting the central bank will stay on the sidelines for longer as a global slowdown crimps growth at home.
The prices of new homes in Canada rose by 0.2% in June, the 15th consecutive month-on-month increase, on continued strength in large cities such as Toronto and Calgary, Statistics Canada said on Thursday.
Bank of Canada Governor Mark Carney indicated on Wednesday he will not be a candidate to succeed Mervyn King as head of the Bank of England, dampening lingering speculation that he would seek the job.
Canada’s trade deficit unexpectedly soared to $1.81 billion in June from a revised $954 billion in May as imports hit a record high while exports barely edged up, Statistics Canada data showed on Thursday.
Casting Bell Canada Enterprises (BCE) as an insatiable media colossus, three of Canada's smaller media companies have banded together to raise opposition to Bell's $3.4-billion takeover of Astral Media.
A case against Rogers that claims the company's advertising misled consumers about its Chatr discount wireless service resumed in court Tuesday.
Las Vegas Sands Corp, controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of US money-laundering laws, the Wall Street Journal reported on Saturday.
Gathered in Halifax for the Council of the Federation, premiers and territorial leaders announced last week their plan to introduce a bulk purchasing strategy in the hope of "saving millions of dollars on prescription drugs."
The Conservatives are taking a different tack than Washington on the thorny issue of helping companies fund their widening pension gaps, shrugging off corporate pleas for relief even as the United States lets businesses slash their contributions.
Canadians like to buy local at the grocery store, a new survey suggests.
anada's dollar traded above par with the U.S. currency on Friday for the first time in more than two months as markets welcomed a U.S. jobs report that showed signs of a stronger economy.
Organizers proposing a merger of two big Canadian unions say it will create a powerhouse that will revive the beleaguered labour movement.
Young Canadians have unrealistic expectations about retirement, a new report suggests.
A national investment watchdog has fined RBC Dominion Securities and two brokers $700,000 for "failing in their duty to protect the financial markets" from Earl Jones' Ponzi scheme.
The economy grew by a less-than-expected 0.1% in May from April as weak manufacturing and construction activity partially offset strength in natural resources and some services industries, according to Statistics Canada data on Tuesday.
Lowe’s Cos Inc, the world’s No. 2 home improvement chain, has offered to buy Rona Inc for $1.8 billion, but the struggling Canadian retailer rejected the bid, saying it is not in best interests of its shareholders.
The crucial back-to-school shopping season is off to an early start in Canada as retailers follow the U.S. market’s lead, Ernst & Young said on Monday.
Hyundai Motor Co is recalling some Santa Fe SUVs and Sonata sedans for separate air bag issues, U.S. safety regulators said.
Canadian pipeline giant Enbridge has scored a victory in Southwestern Ontario after a rocky month in the United States.
Last year, three out of four passengers at Plattsburgh International Airport in New York were Canadians. What can explain such a high figure?
Canada's federal budget deficit shrank in the first two months of the 2012-13 fiscal year, with the government reporting a shortfall on Friday that was half the size of the one a year earlier.
Ford Motor Co is recalling 484,600 older model Ford Escape SUVs, most of them in the United States, for a problem in which the throttle can be stuck open, U.S. safety regulators said.
Hudson's Bay Company (HBC) announced Thursday it will close most of its Zellers stores by next March after the sites were left out of a leasing deal with U.S. retail giant Target.
Farms have sprouted in cities across the country over the past several years as activists and idealists pour their sweat into gritty soil. Now Paul Lightfoot wants to take urban agriculture beyond the dirt-under-your-nails labor of love. He wants to take it corporate.
European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending a strong signal that inflated Spanish and Italian borrowing costs were in his sights.
Symantec Corp unexpectedly fired CEO Enrique Salem and replaced him with its chairman Steve Bennett, who launched a strategic review in a bid to turn around the company, which has disappointed investors with lackluster growth in recent years.
Ford Motor Co (F.N) forecast a smaller operating profit for 2012 compared with last year, due in part to wider losses in Europe, where the automaker expects to lose more than $1 billion as the deepening economic crisis hits auto sales.
Toyota continues to add jobs and production to its Canadian plants, making it the country's fastest growing automotive manufacturer.
Canadian retail sales rose by a weaker-than-expected 0.3 percent in May, but a healthy jump in sales volume and heavy shopping for food, beverages and clothing ignited hopes that consumers would help keep the economy out of the doldrums.
There's something about the idea of doubling one's money on an investment that intrigues most investors. It's a badge of honour dragged out at cocktail parties, a promise made by over-zealous advisers, and a headline that frequents the cover of some of the most popular personal finance magazines. Where this fixation comes from is anyone's guess.
Talisman Energy is selling 49% of its North Sea interests to China-based Sinopec, company officials announced Monday.
The proposed takeover of Canadian energy company Nexen by the state-owned Chinese National Offshore Oil Corporation (CNOOC) has created instant new political controversy.
In a deal worth $15.1 billion, state-owned Chinese oil conglomerate CNOOC has agreed to buy all outstanding shares of Calgary-based Nexen Inc.
Inflation climbed in June from a two-year low in May, but the weaker-than-expected report looked unlikely to spur the Bank of Canada to act any time soon on its warning that it could raise interest rates.
Korean Air pleaded guilty to price-fixing and was fined $5.5 million by Canada’s Competition Bureau, which to date has collected more than $22.6 million in fines as a result of an investigation into “anti-competitive” behaviour by international air carriers.
Morgan Stanley expects to reduce payroll by just over 1,000 employees by the end of this year, part of a plan to cut headcount by 7% as measured from the end of 2011, as it prepares for weak economic growth globally and low trading volume, the investment bank said on Thursday.
An arbitrator has sided with Ford Motor Co in a grievance brought by unionized workers.
The recent decision by the federal government to reduce the CBC's funding has sparked debates about what its mandate should be. Unchanged since at least 1991, that mandate is now somewhat obsolete and, in view of the CBC's current activities, I believe it should be reviewed.
The Bank of Canada left interest rates unchanged on Tuesday, but made clear it was still weighing an eventual move higher, even as other central banks ease monetary policy to cope with damaging economic slowdowns.
With headlines warning us of yet another European country in crisis and the possibility of the collapse of the Euro - or perhaps the entire European Union - the question of how these disaster scenarios might be avoided becomes increasingly pressing.
Shares of Tim Hortons Inc fell and Cheesecake Factory Inc rose on Monday after Goldman Sachs downgraded its rating on Tim Hortons to “sell” and upgraded Cheesecake Factory to “neutral.”
Foreign investment in Canadian securities hit a record high in May on heavy buying of its higher yielding government debt, a sign of Canada’s growing role as a safe haven during global economic turmoil.
Sales of existing homes in Canada slipped 1.3% in June from May, the Canadian Real Estate Association (CREA) said on Monday, in another sign the country’s long real estate boom is starting to cool down.
Visa Inc, Mastercard Inc and banks issuing their credit cards have agreed to a settlement valued at $7.25 billion and will allow stores to encourage customers to use cheaper forms of payment, according to settlement papers filed on Friday in a lawsuit in Brooklyn federal court.
Two-hundred aircraft maintenance workers will lose their jobs when Jazz airlines shifts them away from its London, Ont., operations by next summer.
When ousted Barclays CEO Bob Diamond says he felt "physically ill" reading e-mails of his traders crowing over interest rate manipulation, he is almost certainly telling the truth.
A quarter of Canadian business owners don't see how social media fits with their industry, a new survey has found.
Canadian businesses remained surprisingly upbeat in the second quarter despite the deepening euro zone crisis, according to a central bank poll that suggests the Bank of Canada may continue to hint at rate hikes even if it is no rush to act.
Campbell Soup Co plans to buy Bolthouse Farms for $1.55 billion in cash, adding refrigerated juices and baby carrots to its portfolio of canned soups and V8 vegetable drinks.
Employment numbers across Canada remained steady over the past two months, but compared to a year ago the number of employed Canadians has risen by 1%, or 181,000 jobs, according to Statistics Canada's Labour Force Survey released Friday morning.
Some weeks ago, the highest court in Europe ruled that European workers who become ill while on their guaranteed annual four to six weeks of vacation time are legally entitled to take additional vacation time to make up for the sick days.
Ontario’ securities regulator and Canada’s Competition Bureau approved the takeover of Canada’s biggest stock exchange operator by a group of domestic financial institutions on Wednesday, bringing what has been a protracted process close to final approval.
Since the beginning of the Great Recession in 2008, the central banks of major industrialized countries have been keeping interest rates unusually low to "help revive the economy."
The British government ordered an independent review into the workings of key lending rates between banks, after Barclays was found guilty of rigging them, and summoned the bank’s boss to answer questions about the scandal.
Canadian Pacific Railway Ltd, Canada’s second-biggest railroad, named Hunter Harrison as chief executive, months after its top shareholder pitched for the former CEO of rival Canadian National Railway Co.
Canadians will no longer be able to file their tax returns over the phone.
Rupert Murdoch’s News Corp took a major step in satisfying shareholders’ concerns for a more growth-focused business with a plan to separate its publishing and entertainment assets, but an uncertain management structure for the two proposed companies raises new questions about a succession plan at the family-controlled media empire.
Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.18 percent, Dow Jones futures up 0.12 percent and Nasdaq 100 futures up 0.36 percent at 02:15 EDT.
Walmart Canada announced Monday it will hire 4,000 people this year.
Dear Tom, I was very pleased to hear about your recent trip to the oilsands region of Alberta. As you said afterwards, these are extraordinary undertakings. Human ingenuity knows no bounds and we are fortunate to live in a country where it is allowed to flourish.
TD Canada Trust will no longer offer free banking for seniors — a move some experts say makes sense in an age when elderly Canadians have more money than ever.
Starbucks Corp. plans to open a Tazo tea store in Seattle as early as this fall, adding another concept to its growing stable of retail brands that are moving the company beyond its core coffee business.
Canada’s housing boom will grind to a halt next year, stopped by price declines in the condominium-saturated markets of Toronto and Vancouver, according to a Reuters poll, raising the risk of a broader economic slowdown.
Bombardier Inc’s new C-Series jetliner is on track for its first flight by the end of 2012 and will enter service in 2013, Mike Arcamone, the newly appointed president of Bombardier’s commercial aircraft unit, said on Tuesday.
The Bank of Canada warned on Thursday that the country’s red-hot housing market could start to cool soon, a prospect that would strain the financial system and put households carrying too much debt under intense pressure.
Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group Inc, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis, a major victory for prosecutors seeking to root out illicit trading on Wall Street.
Canada’s financial system remains highly vulnerable to a further deepening of the European debt crisis and to a correction in the housing market, which is showing some overvaluation, the Bank of Canada said on Thursday.
Moody’s Investors Service is “very comfortable” with its top Aaa credit rating for Canada because the country’s fiscal and banking strength give it room to react to risks arising from the European debt crisis and Canada’s hot housing market, Moody’s chief analyst for Canada said on Thursday.
Banks are failing to comply with global rules requiring them to peg bonuses to long-term company performance, the regulatory task force of the Group of 20 leading economies said on Wednesday.
India’s Sahara Group is set to buy New York’s landmark Plaza Hotel for $570 million, The Times of India reported on Tuesday.
It seems like common sense. Hospitals that provide more services to more patients should get more money than those that don't.
Warren Buffett is expanding his newspaper empire, with the purchase of a small Texas daily.
Canadian companies expect to add more employees in the summer months, but the level of hiring intentions is at its weakest level in two years, according to a survey released on Tuesday by ManpowerGroup Inc.
Each panelist at a recent Toronto real estate conference had a reason why the city’s condo market is not a bubble. But the developers, the lender, the receiver, the marketer and the real estate agent each talked about the things that worry them.
Canada’s jobs bonanza came to an abrupt halt in May, but the negligible employment gain of 7,700 brought more relief than trepidation to jittery investors, who saw it as evidence the recovery is intact despite a worsening global backdrop.
Moody’s Investors Service said on Friday that a Greek exit from the euro could pose a threat to the currency’s existence.
Tribune Co’s long bankruptcy entered what is expected to be the final stage on Thursday, although the media company still faces months of regulatory clearances to transfer broadcast licenses to new owners.
Lululemon Athletica Inc. said on Thursday it expected the blistering sales growth of its trendy yogawear shops to retreat in the current quarter, sending its volatile stock tumbling anew as investors again questioned its lofty valuation.
Canadians are OK with going into debt for major milestones, such as buying a home, or paying for school, a wedding or honeymoon, a new survey has found.
Finance Minister Jim Flaherty opened the door Monday to new stimulus spending to help the economy weather what many economists fear is a looming global recession.
Like many of you, I like wine. And thanks to federal Conservative MP Dan Albas, I might be able to taste a wide variety of Canadian wines that I didn't even know existed. And you might, too.
The economy grew at a lacklustre pace in the first quarter, and expanded by much less than expected in March, suggesting the central bank will be in no rush to follow through on a warning it could raise interest rates.
With the economy still not back on the fast track to recovery from the recent recession, many people are looking for ways to squeeze a few more dollars out of their monthly budgets. Groceries are often a target for savings and, with a little practice, you can save money at the grocery store like a pro.
Toronto’s main stock index hit a one-week low on Wednesday as oil and gas and mining firms slumped on increased global growth fears, fuelled by the escalating euro zone debt crisis and signs from China that it is not planning a large economic stimulus.
Canadian Tire Corp Ltd will open more than 100 new Sport Chek sporting goods stores and Atmosphere outdoor gear shops over the next five years, while shutting down 115 unprofitable outlets operated under different banners by its FGL Sports unit.
The three-year race to find a new generation of skilled oil and gas workers is on.
Just as one of the richest men in the world hailed the future of newspapers, one of Canada's biggest media companies is stopping some of its presses.
The economy probably expanded at a significantly slower rate in the first quarter than the Bank of Canada had predicted in January, and in fact its spare capacity may have risen, a Reuters survey of analysts showed on Friday.
Nexen Inc can’t seem to catch a break.
Shareholders of Astral Media Inc signed off on telecom company BCE Inc’s acquisition of the Montreal-based content provider on Thursday, leaving only regulatory hurdles in the way of the $3 billion deal.
Nissan Motor Co is to recall 194,434 vehicles of the Caravan model and the Como, a van supplied to and sold by Isuzu Motors Ltd, because of defective parts, according to a filing with Japan’s transport ministry on Thursday.
According to a recent report by the environmentalist group ForestEthics Advocacy, 71% of oilsands production is owned by non-Canadian shareholders, with foreign-headquartered companies controlling 24% of the sector's production. The group concludes that Canadians benefit very little from the industry's production on account of this high degree of f
Retail sales bounced back in March after a weak February, but sales looked soft excluding the auto sector, and the figures sent mixed signals about first-quarter growth.
Protesters have brought to a halt a hearing by the National Energy Board in London, Ont., that environmentalists fear will bring oilsands oil to Ontario and eventually the United States.
The gap between the rich and the poor in Canada is getting wider and could eventually lead to an economic collapse, according to a new report by a left-wing think-tank.
The Bank of Canada should resume raising interest rates this autumn to help cool the country’s hot housing market and allow the bank to reach its inflation target, the Paris-based OECD said on Tuesday in a report more hawkish than most market players.
Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
Sears Holdings Corp said on Thursday it will spin off a large part of its stake in its Canadian unit, which Chairman Edward Lampert had spent years trying to gain control of, to better focus on its U.S. business.
The Canadian dollar hit a 16-week low against the U.S. dollar on Wednesday as fears of a Greek exit from the euro zone and a worsening debt crisis facing other European nations gripped financial markets.
Five months after buying one of Toronto’s new luxury hotel condominiums, Oliver Baumeister is girding for a glut of suites like his to hit the market as the biggest names in the hotel business open hundreds of units in Canada’s largest city.
The Canadian dollar erased earlier gains against its U.S. counterpart on Tuesday but surged to a 16-month high against the euro after Greece said it would hold new elections and worries mounted about its possible exit from the euro zone.
Canadian banks presented a blueprint on Monday that will enable consumers to pay for goods with a tap of their smartphones, as financial institutions seek to take advantage of existing infrastructure that can support mobile payments.
Canada's main stock index turned positive by mid-morning on Friday as constructive North American data helped to offset political uncertainty in Greece, negative economic surprises from China and shock trading losses at JPMorgan Chase.
JPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.
Brace yourselves, bond investors: Fixed-income experts warn that a long bear market lies ahead. Long-term bond returns will be modest at best, and negative at worst.
Engineering giant SNC-Lavalin has taken another hit over its controversial ties to Libya's Gadhafi regime with word Wednesday of a $1.5 billion class action suit by investors.
In late March, the International Federation of the Phonographic Industry (IFPI) released its annual estimates on recorded music industry trends. It detailed that global revenues fell 3% to $16.6 billion.
It wasn’t that long ago that high school seniors and their parents met astronomical college loans with a shrug and a signature: Whatever it took to send junior to his “first choice” school was a small price to pay.
Remember the famous 1985 Live Aid concert? It was supposed to end (forever, we were told) the problem of starving Ethiopians.
Members of Bernard Madoff’s family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch’s Ponzi scheme and must return the benefits to victims.
Toronto’s main stock index fell sharply on Monday as oil and other resource-based commodities tumbled after Greek and French election results rattled investors.
Some bewildered Canadians have greeted them as funny money, but the Bank of Canada wants you to know they're counterfeit-fighters.
Facebook Inc plans to price its initial public offering at a high-$20 to mid-$30 per-share range, granting the world’s largest social network a valuation of as much as $95 billion, the Wall Street Journal cited sources as saying on Thursday.
Telecom giant Bell Canada Inc. is facing criticism for the $25-million bonus that Astral president Ian Greenberg will get as part of a deal to acquire his media company.
Shares of BlackBerry maker Research in Motion dipped to an eight-year low on Thursday, after this week’s demo of its make-or-break new operating system failed to inspire investors and tech gurus.
Michael Jackson is dancing again, on Pepsi cans.
The poor and the unemployed have paid a disproportionately high price for the failings of the financial world, Bank of Canada Governor Mark Carney says.
The federal government said on Monday it will cooperate fully with investigations into alleged wrongdoing at engineering firm SNC-Lavalin and provide consular assistance to a former executive under arrest in Switzerland.
It's deadline day for most Canadians to file their taxes.
Hebdos Regionaux Quebecor Media has launched nine new regional Quebec online portals so readers can get up-to-the-minute local information.
Hollywood may be seeing a turnaround in a seven-year decline of home video sales, thanks to double-digit sales growth of Blu-ray discs and online movies and TV shows, an industry trade group is expected to announce on Sunday night.
Canada’s economy unexpectedly shrank in February, disappointing markets and cooling talk that the Bank of Canada could start raising interest rates in the near future.
Retailers are feeling good about the year ahead, a new survey shows.
A former executive for Montreal-based engineering giant SNC-Lavalin has been arrested and is being detained in Switzerland, Swiss media reported Sunday.
Taxes are taking a bigger chunk out of Canadians' budgets than basic necessities like food, clothing and shelter, a new report from the Fraser Institute says.
When an older relative dies, the family often finds itself with the stamp collections, Queen Anne furniture and stacks of old TV Guides that piled up over a lifetime.
Nearly half of Canadian tax filers have yet to submit their returns, a new CIBC report says.
Wal-Mart Stores Inc said on Wednesday that it named a former U.S. attorney earlier this year to oversee global compliance with a U.S. bribery law, as it deals with the fallout over alleged bribes in Mexico that recently came to light.
One-third of Canadians are very satisfied with their current employer, a new survey has found.
A much-discussed paper written last fall by economists Peter Diamond and Emmanuel Saez suggested, as one of its central propositions, to raise the tax rate of top earners in the U.S. as high as 70% - double the current marginal rate.
It costs about $80,000 per truck to set up, but the Conference Board of Canada says natural gas is a viable fuel for the trucking industry and will save money in the long run.
A drop in Canada’s year-on-year inflation rate to an 18-month low in March will not delay interest rate hikes by the Bank of Canada, which is paying closer attention to economic growth, analysts said on Friday.
Mark Carney offered some advice to Canadians on Wednesday - be careful about borrowing because the days of bargain-basement interest rates are coming to an end.
Television blackouts could happen in Canada as they occasionally do in the United States if television broadcasters are allowed to charge cable companies fees for their signals, Canadian cable-TV firms warned on Tuesday.
The days of cheap money could be coming to an end.
Canadian home prices fell in March from year-ago levels even as existing home sales activity picked up, with a cooling of the once-hot Vancouver market offsetting big price gains in Toronto and steady increases elsewhere.
Canadian Solar Inc denied reports in the Chinese media that China National Offshore Oil Co Ltd (CNOOC) was negotiating to buy the solar panel maker, trimming the gains that had lifted its shares as much as 31% in premarket trading.
Canadians continued to add debt in the first quarter of 2012, according to a consumer credit company.
Nearly half of Canadians do their own taxes, but most of them don't know how their investments are taxed, according to a survey released Wednesday.
Employees of the bankrupt aircraft maintenance firm Aveos will receive a total of $5.8 million in back pay, a Superior Court judge has ruled.
Best Buy Co chief executive Brian Dunn has left the world’s largest consumer electronics chain, which has struggled against stepped-up competition from Internet retailers and discounters.
China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to compensate for a slowdown in domestic demand.
Canadian businesses have some new spring in their steps.
Japan's Sony Corp is cutting 10,000 jobs, about 6% of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.
CBC spent millions of public dollars on a radio project with questionable results, documents reveal.
The long-awaited expansion of Target Inc into Canada, announced last year, raises the question, why haven’t more big U.S. chains made the seemingly easy move north into a market where established retailers are doing well.
Canada's economy added 82,000 jobs in March, ending a four-month slump in the labour market, Statistics Canada's new figures show.
The aging of Canada’s population will put upward pressure on wages as the pool of available workers shrinks, and global aging might over time lead to lower interest rates, Bank of Canada Deputy Governor Jean Boivin said on Wednesday.
Burger King shares should be worth in the high teens when the third-largest U.S. hamburger chain goes public again in a deal with UK investment firm Justice Holdings, Justice co-founder William Ackman said on Wednesday.
North American brewer Molson Coors pipped close rival Asahi on Tuesday to buy east European brewer StarBev from CVC Capital Partners for 2.65 billion euros ($3.5 billion) in what analysts said was a high-priced deal.
The U.S. futures regulator accused the Royal Bank of Canada of running a “trading scheme of massive proportion” to gain lucrative Canadian tax benefits.
The World Bank has temporarily barred a unit of SNC-Lavalin, a big Canadian engineering company that is already facing a payments scandal, from bidding on new bank projects following an investigation into a Bangladesh bridge project.
Pershing Square Capital Management named a railroad veteran as its seventh nominee for Canadian Pacific Railway’s board on Monday, heading off criticism that its proxy slate lacks experience in the sector.
The pace of growth in Canadian manufacturing picked up to its fastest rate of the year in March, building on gains from the previous month after a sharp slowdown in January, demonstrating the economy continues to make incremental strides.
A private equity fund run by Goldman Sachs Group Inc, under fire over its business ethics, has agreed to sell back its stake in a media company that critics say facilitates sex trafficking.
Four giant card-payment processors and large U.S. banks that issue debit and credit cards were hit by a data-security breach after third-party services provider Global Payments Inc discovered its systems were compromised by unauthorized access.
Rogers Communications plans to cut 300 jobs across Canada, according to MediaCaster magazine.
Toyota's plant in Woodstock, Ont., will boost its RAV4 production and add about 400 new jobs.
BMW Canada has recalled 16,750 vehicles that may have battery problems.
Canadian Pacific Railway Ltd, battling a fierce challenge from its largest shareholder, is setting performance records this year, Chief Executive Fred Green said on Tuesday in an unusually blunt response to his critics.
Enbridge Inc and Enterprise Products Partners LP will more than double the capacity of the Seaway Pipeline and expand another line from Illinois, further easing a major oil glut in the United States.
The head of SNC-Lavalin, one of the world’s biggest engineering and construction companies, has stepped down after an internal investigation found he had acted unethically by authorizing tens of millions of dollars in mysterious payments.
If Fred Green has an Achilles’ heel as leader of industry-laggard Canadian Pacific Railway, it may be the quintessential Canadian qualities of good manners and kindness.
Flash mobs have been blamed as a factor in looting during urban riots. But now a group of online activists is harnessing social media like Twitter and Facebook to get consumers to spend at locally owned stores in cities around the world in so-called Cash Mobs.
Canada’s largest food retailer, Loblaw Companies Ltd, has agreed to buy most of discount retailer Zellers Inc’s prescription files for $35 million US.
Canadians and Americans are feeling less optimistic about their financial futures, a new survey shows.
The federal government, dealing with signs of an overheated property market, is ready to tighten mortgage insurance rules again if necessary, Finance Minister Jim Flaherty said on Thursday.
Thousands of former Air Canada maintenance workers are out of a job following the closure of a maintenance firm that was spun off five years ago.
A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc , a lawyer for former Goldman board member Rajat Gupta said in court on Friday.
Bell Canada’s parent has agreed to buy Astral Media, its largest content provider, in a $3 billion deal to lock up more of the programming carried over its media platforms and expand its presence in French-speaking Quebec.
A $3.8 billion bid to take over the operator of the Toronto Stock Exchange came two steps closer to winning provincial approval on Thursday, driving up shares of Canada’s TMX Group even though a competition review could still scupper the deal.
Sales of existing homes in Canada climbed 1.4% in February from January, following a decline in the previous month, the Canadian Real Estate Association said on Thursday.
The country’s leading auto maker has upped the forecast for projected sales in Canada after a surprising break-out start for an industry still clawing its way back from a recessionary slump.
A Goldman Sachs executive director published a withering resignation letter in the New York Times, saying the investment bank is a “toxic and destructive” place where managing directors referred to their own clients as “muppets.”
I consider Stephen Harper a friend. Not a close friend, but a friend. Over the years, especially when he worked at the National Citizens Coalition, we collaborated on some projects of mutual interest and I learned to appreciate him. This is why writing this column isn't easy for me since my natural tendency is to be loyal to a fault with those I consider to be friends.
About 20% of Canadian employers expect to hire more people in the next three months, according to a new Manpower survey.
Prime Minister Stephen Harper put a positive spin on the latest job numbers, which showed a small but unexpected loss of jobs in February.
The Bank of Canada issued a more upbeat outlook for the Canadian and global economies on Thursday, suggesting that an interest rate hike may be back on its radar screen, albeit not immediately.
The Canadian housing market continued to show signs of strength on Thursday as data revealed new home prices rose for the 10th straight month in January and housing starts climbed in February despite expectations the sector will slow this year.
Toyota has recalled more than 47,000 cars and trucks in Canada because of faulty airbags and a switch that could prevent the vehicles from starting.
Canada’s housing market will cool off over the next 24 months with home sales and prices remaining flat near 2011 levels, but it will avoid the sharp plunge seen in the United States during the recession, Bank of Nova Scotia said on Wednesday.
The Canadian construction industry scaled back its plans in January after an extraordinarily ambitious December, with the value of building permits in January falling by 12.3%, according to Statistics Canada data released on Wednesday.
Molson Coors Brewing Co said on Tuesday it will launch Coors Light Iced Tea and other new products, as the beer company fights to win a greater share of the struggling beer market.
Federal Natural Resources Minister Joe Oliver's efforts to speed up the approvals process for major energy and mining projects is starting to sound more urgent.
The pace of purchasing activity in the Canadian economy rose unexpectedly in February from the month before, notching its fourth consecutive monthly gain, according to Ivey Purchasing Managers Index figures released on Tuesday.
The Canadian economy may grow slightly faster this year than previously expected, private sector economists suggested on Monday, providing scope for the Conservative government to eliminate the budget deficit sooner than planned.
Sales of existing homes in Canada are projected to increase slightly this year, but dip in 2013, the Canadian Real Estate Association said on Monday.
A small Canadian miner plans to enlist an army of ore-munching bacteria to help it extract base metals from a shale deposit in northern Alberta, embracing a technology that sounds more like science fiction than a promising new mining technique.
Forward bookings at WestJet Airlines Ltd look sound, its chief executive said on Monday, even as the carrier reported slightly emptier planes in February.
A law firm has asked a judge to approve a $250-million class-action lawsuit against engineering giant SNC-Lavalin, whose officials are accused of conducting "unlawful activities in Libya."
Sears Canada Inc said on Friday it is shutting down three of its flagship stores in Vancouver, Calgary and Ottawa, in a move that will allow it to raise capital to reinvest in store refreshes at other locations.
Five companies and three people will have to pay more than $9 million in penalties and pay back all their customers after the Competition Bureau of Canada sued them for operating a marketing scam.
Canada’s two biggest banks surprised the market with dividend hikes on Thursday as record earnings from their domestic bank networks helped them turn in better-than-expected quarterly profits.
Canada’s current account deficit in 2011 dropped slightly from the record set in 2010 and is shrinking in proportion to gross domestic product, indicating the worst of the economic crisis may be over.
The pace of growth in Canadian manufacturing picked up modestly in February after weakening the previous month, helped by a pickup in output and new orders despite a fall in export demand.
Chinese quarantine authorities will allow imports of Canadian canola by some selected crushers located in major growing areas, partially lifting a ban it imposed because of fungal disease concerns, traders said on Thursday.
If you haven't tightened your belts, folks, don't worry, because Finance Minister Jim Flaherty will do it for you March 29.
James Murdoch, the younger son of Rupert, will relinquish his position as executive chairman of News International, following a phone-hacking scandal that shut down the News Of The World newspaper and led to the arrest of several company executives and journalists.
TD Bank, the U.S. arm of Canada’s Toronto-Dominion Bank, has reached a settlement with investors who claimed it helped a South Florida lawyer convicted of running a $1.2 billion Ponzi scheme, a bank spokeswoman said on Tuesday.
The federal government spending for the coming fiscal year is expected to be tightly controlled even before the implementation of planned budget cuts aimed at reducing the deficit, official figures released on Tuesday showed.
Shares of SNC-Lavalin Group Inc tumbled on Tuesday after it revealed a probe into tens of millions of dollars of mysterious payments and warned that the impact of Libya’s civil war would push its 2011 profit well below earlier forecasts.
Bank of Montreal reported a better-than-expected rise in quarterly earnings, driven by lower losses for bad loans and its acquisition of Wisconsin lender Marshall & Ilsley last year.
The Canada Pension Plan Investment Board, one of the world’s largest dealmakers, said on Tuesday that Mark Wiseman, executive vice president and head of investments, will take over as chief executive when current CEO David Denison retires in June.
For the past two decades, hundreds of hospitals have been privatized in Germany. The number of private for-profit hospitals grew by about 90%, whereas the number of public hospitals decreased by 43%. Today, roughly one-third of German hospitals are private for-profit.
Nissan is recalling about 7,400 cars and SUVs in Canada due to potential gas leaks that create a fire hazard.
The world’s leading economies worked on Sunday to line up a deal on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.
Canadians face stretched household budgets — even insolvency — when interest rates eventually rise or if housing prices fall, the Bank of Canada said Thursday.
Over the next four years, Lego's parent company will invest more than $530 million into an offshore wind farm project off the German coast.
Air Canada’s 8,600 mechanics, baggage handlers and cargo agents have rejected a tentative contract agreement with the country’s biggest airline, a union spokesman said on Wednesday, marking another setback for the carrier during a year of rocky labor relations.
Josh Buckley, chief executive of an online gaming start-up, is looking forward to next month's Game Developers Conference in San Francisco, particularly for the parties and the accompanying schmoozing with industry A-listers.
More than 1,500 Zellers workers who work at 12 stores across the province have ratified a new three-year collective agreement. The deal includes wage increases and enhanced severance pay in the case of a store closure.
Calvin McDonald remembers his first job: Pulling a wagon loaded with Sears catalogues and delivering them to homes in this small southwestern Ontario city.
Canada’s annual inflation rate edged up in January but the increase is unlikely to put pressure on the Bank of Canada, which looks set to keep interest rates on hold for much of 2012.
Logos surround us on a daily basis. They are a company’s nameplate — their welcoming mat in a way.
Four months after one of Japan’s biggest corporate scandals, police and prosecutors on Thursday arrested seven men, including the former president of Olympus Corp and ex-bankers, over their role in a $1.7 billion US accounting fraud at the medical equipment and camera maker.
General Motors Co said on Wednesday it will end traditional defined benefit pension plans for its U.S. white-collar employees, seen as consistent with its goal of lowering pension risk for investors.
Several farmer organizations that support the Canadian Wheat Board’s grain marketing monopoly are launching a court action aimed at restoring farmer control of the board and collecting $17 billion in damages for farmers.
Air Canada and its 3,000 pilots will continue labor negotiations with the help of a government-appointed mediator, even as the pilots voted overwhelmingly in favor of giving their negotiators the option to call a strike.
Canada stepped up pressure on Washington on Monday to rewrite its controversial Volcker rule to remove restrictions on Canadian bank activities that it says do not threaten the U.S. financial system.
Air Canada said on Monday that contract talks with its 3,000 pilots are scheduled to continue this week, adding it is confident it can avoid a labour disruption, which could come as early as Friday morning.
While the majority of Canadian couples have discussed retirement, very few have started making serious plans, according to a new survey.
Don Kingsborough wants PayPal displayed alongside Visa, MasterCard and American Express in retail stores. To get there, he will compete aggressively on price.
The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.
What if, this Valentine's Day, that rascal Cupid mistakenly shoots you with two arrows instead of one, and you fall head over heels for a pair of identical twins?
Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs.
The chief executive of Empire Co Ltd’s Sobeys Inc grocery store chain will retire in the spring because of a health problem, the Canadian company said on Wednesday.
The Bank of Canada has noticed some slowing in credit growth but remains concerned that some borrowers are spending more than they earn and are therefore vulnerable, Senior Deputy Governor Tiff Macklem said on Tuesday.
Walmart Stores Inc's Canadian unit will invest more than $750 million in 73 projects in the next twelve months, as the world's biggest retailer moves aggressively to stay ahead of competitors such as Target Corp.
Is what is good for Chrysler good for America?
Canada’s sluggish economy caused the job market to stall unexpectedly in January, adding to a string of soft data and providing another reason for the Bank of Canada to keep its policy stimulative for longer.
Could we be living up to 150 years in a not-too-distant future? It sounds like science fiction, but there is a whole field of serious research called "life extension science" devoted to finding ways to make us live longer, much longer.
TMX Group, Canada’s biggest stock exchange operator, said on Wednesday it will introduce new technology in 2013 that will increase the speed of making trades “twentyfold” as it seeks to attract business around the world.
Chrysler Canada said on Wednesday it was the country’s top-selling automaker in January with sales of its passenger vehicles rising 158%.
Canadian manufacturing growth slowed sharply in January, with output and new order gains well down from December, in the latest sign that Europe’s economic crisis is slowing the Canadian economy.
The Canadian group bidding for the country’s biggest stock exchange extended its offer for another month on Tuesday.
Canada’s economy unexpectedly shrank in November for the first time since May, setting the stage for lacklustre fourth-quarter growth and a sluggish start to 2012.
Most Canadian shoppers stayed on budget over the holidays, a new survey says. The Royal Bank of Canada poll found 69% of Canadians kept their spending in check due to concerns about debt levels.
Canada should consider using new tools to control the high level of household debt, which is one of two big threats to the country’s financial system, the G20’s Financial Stability Board (FSB) said in a report on Monday.
Target Corp will look for franchise owners to operate pharmacies in as many of its Canadian stores as possible, the U.S. discount retailer said on Monday.
Greece and its private creditors worked on stitching together the final bits of a complex debt swap agreement on Saturday, amid growing optimism a deal will be clinched in time to avert an unruly default.
Canada’s economy created 21,700 net new jobs in December, up from the 17,500 previously reported, according to revised data released by Statistics Canada on Friday.
A major home-appliance maker will be closing its Montreal plant in 2014, at a cost of nearly 700 jobs.
Caterpillar Inc. — parent company of locomotive builder Electro-Motive of London, Ont., where workers have been locked out for 26 days — reported a 58% rise in quarterly earnings Thursday.
Walking in various Canadian cities, one cannot help but notice several billboards and advertisements for a relatively new sport called mixed martial arts (MMA) and one of its leading stars - Georges St. Pierre.
Air Canada pilots said on Tuesday the airline had abandoned contract talks in the hope that Ottawa would step in to resolve the dispute, but the country’s largest carrier said it was awaiting the union’s response to its latest offer.
The country's biggest union may be about to get bigger. The Canadian Auto Workers, with more than 200,000 members, is considering a merger with the Communications, Energy and Paperworkers Union.
Consumers look set to be the main drivers of Canada's economic growth after a report on Friday showed retail sales continued to surpass expectations in November and climb for the fourth straight month.
Unemployed workers in Canada's educational services sector faced the toughest job market in the country in the July-September period, according to a new Statistics Canada report on Tuesday.
The federal government is putting $5 million into a training fund to make southern Ontario manufacturers more competitive.
Canadian Pacific Railway said it signed a 10-year agreement with Canpotex Ltd to transport a large majority of shipments to the potash marketing consortium's main terminal in Vancouver.
Canada and the United States have extended their softwood lumber agreement until 2015.
Slower profit growth is in the cards for Canada's biggest companies this year, as Europe's downturn dims the outlook but mounting U.S. economic strength provides support.
The accountant responsible for forecasting Nortel Networks’ finances told a Toronto court Friday he was “perplexed” by its first-quarter financial statement of 2003.
The prosecution’s fraud case against three former executives at bankrupt Nortel Networks is “preposterous” and “entirely without merit,” court heard Thursday.
Kraft Foods will cut 1,600 jobs in Canada and the U.S. over the next year, as part of a large restructuring of the company.
Three fired Nortel Networks executives not only knew about, but supported their staff in rigging company books to show mega-million-dollar profits in order to pocket big bonuses, a court heard Wednesday.
Canada's economy is facing "considerable external headwinds" in 2012, says Bank of Canada Governor Mark Carney.
For someone like me whose job is to promote good public policies, the intellectual mushiness of most mainstream politicians is a major source of irritation.
The years-long delay in bringing three former Nortel Networks executives to trial for fraud has reinforced Canada's well-earned reputation as a laggard in markets enforcement, particularly when compared with the United States, its critics say.
The Bank of Canada is maintaining its target for the overnight rate at 1%.
North American gas companies face a challenging year amid a weak gas price environment, according to CIBC World Markets, which downgraded Enerplus Corp, Paramount Resources Ltd and Fairborne Energy Ltd .
Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up $14.99 billion worth, compared with just $3.85 billion in October, Statistics Canada said on Tuesday.
WestJet is exploring whether a regional spinoff carrier will fly with its staff.
Three former executives at bankrupt Nortel Networks reached into the “cookie jar” a decade ago to enrich themselves, prosecutors said, opening a fraud trial that dredged up memories of one of the most spectacular casualties of the 1990’s dot-com bubble.
Many small-business owners feel the Canada Revenue Agency intimidates them and treats them like criminals, a new survey says.
Sales of existing homes in Canada rose slightly in December from November, while the number of newly listed properties also increased, suggesting low borrowing costs continued to support the housing market and offset the drag of a slowing economy.
Deep in the financial crisis, a Canadian pension fund entrusted with the nest eggs of 17 million workers bet a chunk of that money on Internet phone service Skype, venturing well outside its tradition of long-term, conservative investing.
The head of Canada's most storied pension fund wants rivals to be partners as debt-laden governments offload assets, and says a recent bid with two other pension funds for the nation's leading stock market operator is a good start.
Leo De Bever, head of the Albera Investment Management Corp, likes the kind of assets that most investors wouldn't touch, like a broken forestry program in Australia, owned by an army of investors and facing legal problems that would take a decade to unwind.
When Michael Nobrega talks about the cash crunch facing governments around the world this year, he sees big potential where others see financial crisis.
As Jim Leech contemplates his fund's strategy for expanding around the world, he needed only to remember how his massive Ontario Teachers' Pension Plan parachuted into Brazil's then-nascent investment market less than a decade ago.
The battle within the wireless industry is ramping up once again as Industry Canada is set to announce in the coming weeks whether or not it is reserving the the low 700 MHz frequencies for new mobile telephone companies.
Most Canadians didn't go overboard with holiday spending this year and are starting 2012 on a good financial note, according to the Bank of Montreal.
Hostess Brands Inc, a U.S. wholesale baker, on Wednesday filed for chapter 11 protection in Manhattan, just months after it emerged from bankruptcy.
Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report on Tuesday.
Canadian housing starts climbed more than expected in December, fuelled by low mortgage rates and an ongoing boom in condo construction, even as analysts predicted the once-hot sector would cool further in 2012.
Lululemon Athletica expects profit and sales in the current quarter to top earlier forecasts after holiday shoppers flocked to its shops to snap up the trendy yoga wear that have made the company a runaway retail success story.
Canadian businesses are feeling the squeeze of the tough global economy.
The global crisis shows that the world needs economic ethics and new rules so the financial system benefits all humanity, Pope Benedict said on Monday in his keynote speech for the New Year.
The value of Canadian building permits declined by 3.6% in November, largely as expected, after an 11.6% rise in October, Statistics Canada said Monday.
U.S. taxpayers owe an estimated $385 billion in unpaid taxes for 2006, up about a third from the "tax gap" five years before, the Internal Revenue Service (IRS) said.
Canada's jobless rate is rising and some experts say this proves the economy is wavering.
I never really believed in economic forecasting. First of all, the forecasters tend to be wrong at least half of the time or they only commit to the vaguest predictions.
Canada will likely see a second year of modest economic growth in 2012, but is highly vulnerable to turmoil in Europe, the United States and elsewhere, some of Canada's top economists predicted on Thursday.
Target Corporation says it plans to start hiring this year for its first foray into Canada, employing 150 to 200 at each new store.
Italian officials combating a national plague of tax evasion hit the jackpot in a swoop on a posh ski resort, catching 42 drivers of Ferraris and other luxury cars who had declared incomes of less than 30,000 euros ($38,700) a year.
Ford Motor Co of Canada said on Wednesday it was Canada's top-selling automaker in 2011 for the second consecutive year, boosted by sales of its F-Series pickup truck.
U.S. securities regulators charged an Illinois-based investment adviser on Wednesday with using LinkedIn and other social media networking websites to lure investors by offering more than $500 billion in fake securities.
Bill Gross, the manager of the world's largest bond fund, is sounding like a Wall Street ghost-hunter in his latest investment letter.
Canadian manufacturing growth rebounded in December after a two-month decline as both new orders and output jumped, suggesting a slowdown in the last quarter of 2011 may not be as severe as many feared, data on Tuesday showed.
By Tuesday afternoon, Canada's 100 highest-paid CEOs will have pocketed an average of $44,366 — what it takes the average Canadian a year to make — a new report says.