Friday, February 27th8.2°C

Federal food safety watchdog says 2 cows with BSE born on same Alberta farm

Feb 27, 2015 / 3:34 pm

OTTAWA - Canada's food safety organization says two cows discovered to have mad cow disease in the last five years were born on the same Alberta farm.Paul Mayers of the Canadian Food Inspection Agency said the most recent case detected earlier this month involves a cow born in 2009.Another cow born...

OSC bans Conrad Black from holding company director, officer roles

Feb 27, 2015 / 2:46 pm

TORONTO - Former media baron Conrad Black has been permanently banned from acting as a corporate director or officer of a public or private company in Ontario.In a long-awaited decision Friday, the Ontario Securities Commission ruled that it's in the public's interest to prohibit Black and his...

Most actively traded companies on the TSX

Feb 27, 2015 / 2:34 pm

Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,234.34, down 6.82 points):Penn West Petroleum Ltd. (TSX:PWT). Oil and gas. Up five cents, or 2.03 per cent, to $2.51 on 27.9 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail...

TSX advances amid rising oil prices, lower than expected U.S. growth

Feb 27, 2015 / 2:00 pm

TORONTO - The Toronto stock market pulled back slightly Friday amid soft U.S. economic data and despite rising resource and financial stocks.The S&P/TSX composite index closed down 6.82 points at 15,234.34. The Canadian dollar gained 0.15 of a U.S. cent to 79.98 cents.New York indexes were...

Signed contracts to buy US homes climb in January to highest level in nearly 18 months

Feb 27, 2015 / 1:00 pm

WASHINGTON - The number of Americans signing contracts to buy homes rose at a healthy pace in January, a sign that home sales are poised to accelerate after a slow start to the year.The National Association of Realtors said Friday that its seasonally adjusted pending home sales index increased 1.7...

US consumer sentiment index slides in February as wintery weathers chills consumer spirits

Feb 27, 2015 / 12:56 pm

WASHINGTON - Harsh winter weather left U.S. consumers feeling a bit less confident this month, the University of Michigan says. But confidence levels still remain at the highest level in eight years.The University of Michigan says its index of consumer sentiment slid to 95.4 in February from an...

Canadian dollar advances

Feb 27, 2015 / 8:50 am

The Canadian dollar was higher Friday morning but well off session highs amid some disappointing U.S. economic data and rising oil prices. The loonie rose 0.1 of a U.S. cent to 79.93 cents. U.S. gross domestic product grew at an annual rate of 2.2 per cent in the October-December quarter,...

Bombardier's new planes takes to the air

Feb 27, 2015 / 8:34 am

Canada's newest airplane flew for the first time Friday, carrying Bombardier's hopes that it will help put the company's latest turbulence behind it. The CS300 quietly lifted off under -21C temperatures from the same Montreal area runway as did the smaller CSeries 17 months...

Netflix's risky bet has paid off

Feb 27, 2015 / 8:10 am

Even if it never wins another award, "House of Cards" already ranks among the most influential series in television history. The political drama launched Netflix's expansion into original programming two years ago, a risky bet that might have toppled the Internet video service had...

US economy grew at moderate 2.2 per cent in fourth quarter, weaker than initial estimate

Feb 27, 2015 / 6:06 am

WASHINGTON - The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.The Commerce Department said Friday that the economy as measured by the gross domestic product grew at an annual rate of...

Turn it down: Millions of young risk hearing loss from loud music, UN health agency warns

Feb 27, 2015 / 6:04 am

BERLIN - The World Health Organization says millions of young people around the world are at risk of hearing loss from loud music.The U.N. agency said Friday that a review of data from middle- and high-income countries shows almost half of all 12 to 35-year-olds listen to unsafe levels of music on...

Aimia posts $21.5 million net profit in fourth quarter, revenue up 10.7%

Feb 27, 2015 / 4:58 am

MONTREAL - Aimia Inc. (TSX:AIM) posted a $21.5 million net profit and $60 million of adjusted earnings in the fourth quarter, recovering from losses on both counts a year earlier due to a change in its Canadian banking partners for Aeroplan.The net profit equalled nine cents per common share and...

Canadian banks continue to top list of country's most valuable brands

Feb 27, 2015 / 2:06 am

TORONTO - Canadian banks continue their domination among the country's most valuable corporate brands, taking four of the five top spots on the latest list from business consultancy Brand Finance.This years list, compiled in partnership with the Globe and Mail's Report on Business Magazine, ranks...

Halliburton closing its Regina office, part of layoffs due to falling oil prices

Feb 26, 2015 / 7:10 pm

REGINA - Energy industry giant Halliburton's presence in Regina may well be a short one.A spokeswoman says the company will close its office in the city at the end of March.The branch had been opened in 2013 with a reported 120 employees to serve the southeast Saskatchewan oil and gas sector.In a...

Viewership of Fox New Channel's Bill O'Reilly show up as he faces criticism for past reporting

Feb 26, 2015 / 4:48 pm

NEW YORK, N.Y. - More viewers have tuned in to watch Fox News Channel host Bill O'Reilly as he faces criticism for some of his past reporting.His show, "The O'Reilly Factor," drew just over 3 million viewers Wednesday night. That's up 11 per cent over the same day last year.The Nielsen ratings...

US regulators agree to ban on Internet providers from blocking or slowing web traffic

Feb 26, 2015 / 4:04 pm

WASHINGTON - Internet activists declared victory over the nation's big cable companies Thursday, after the Federal Communications Commission voted to impose the toughest rules yet on broadband service to prevent companies like Comcast, Verizon and AT&T from creating paid fast lanes and slowing or...

In wireless era, CRTC sets stage for humble coin-operated phone's orderly end

Feb 26, 2015 / 3:10 pm

OTTAWA - A hard-wired, coin-operated outdoor telephone might seem archaic in a world of smartphones, text messaging and Skype, but Canada's telecom regulator says payphones still fill a need.That's why the Canadian Radio-television and Telecommunications Commission is proposing to tighten the rules...

Financial news company Bloomberg plans to launch Canadian business TV channel

Feb 26, 2015 / 3:00 pm

TORONTO - Financial news and data company Bloomberg LP is getting into Canadian television with a new 24-hour channel aimed at the business community.Bloomberg TV Canada, set to launch in the middle of this year, will highlight Canadian financial news and combine it with programming from its...

$150K custom dress worn by Lupita Nyong'o at Oscars reported stolen; detectives investigating

Feb 26, 2015 / 2:56 pm

LOS ANGELES, Calif. - A $150,000 gown adorned with thousands of pearls and worn by Lupita Nyong'o at the Academy Awards has been reported stolen, sheriff's officials said Thursday.Deputies responded to a West Hollywood hotel late Wednesday after the custom Calvin Klein Collection by Francisco Costa...

5 things to know about the FCC decision to impose utility-style regulations on the Internet

Feb 26, 2015 / 2:52 pm

WASHINGTON - Netflix, Twitter and Internet activists have won. Big cable has lost. At least until the federal courts get involved, when everything could change. Five things you need to know about the Federal Communications Commission's vote Thursday to enforce "net neutrality" rules for the...

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