Friday, July 3rd21.2°C

Court sides with Uber

Jul 3, 2015 / 8:34 pm

An Ontario judge has sided with the ride-hailing service Uber in its legal dispute with the City of Toronto. The city sought a permanent injunction on the company's operations, arguing Uber is a taxi company and must abide by the city's regulations. But Superior Court Judge Sean...

New boats for Coast Guard

Jul 3, 2015 / 4:10 pm

The Canadian government has awarded a $7.6-million contract to a Delta, B.C., company that will build 27 vessels for the Canadian Coast Guard. The federal government has been criticized for its 2013 closure of a coast guard station on Vancouver's waterfront and the spill of 2,700 litres of...

Crucial Greek referendum

Jul 3, 2015 / 10:43 am

On his 10-year trip home, the Greek hero Odysseus at one point had to steer his ship and crew between Scylla, a six-headed monster, on one side of a narrow stretch of water and the whirlpool Charybdis on the other. The Greek people are in similar dire straits as they prepare to vote on a future...

PotashCorp rejected

Jul 3, 2015 / 9:10 am

Potash producer K+S AG has rejected a C$10.9 billion takeover offer by Potash Corp. of Saskatchewan Inc. (TSX:POT), saying the bid is too low and not in its interest. The German company says its board of executive directors and supervisory board concluded that the offer of 41 euros per share...

Sexy snacks, maple drinks

Jul 3, 2015 / 8:58 am

Chips made out of broccoli, chickpeas and kale. Wine-spiked ice cream. Popcorn that didn't quite fulfil its destiny. Those were some of the alternate-universe products at this week's 61st annual Fancy Food Show. Many have limited distribution and aren't easy to find, but could signal...

Dollar falls, TSX rises

Jul 3, 2015 / 8:17 am

The Canadian dollar was down slightly as the Toronto stock market edged higher Friday morning. The loonie traded at 79.57 cents US, down 0.14 of a U.S. cent from Thursday's close. The S&P/TSX composite index rose 4.84 points to 14,642.83, after rising 84.66 points on Thursday. The...

Uber cuts France service

Jul 3, 2015 / 6:37 am

Uber is suspending its low-cost ride-hailing service in France, hoping to defuse an escalating legal dispute and sometimes-violent tensions with traditional French taxi drivers. The unusual concession comes after the stakes mounted this week in Uber's standoff with France: Two senior...

Online groceries at Walmart

Jul 3, 2015 / 6:34 am

Walmart Canada will begin offering a grocery pickup service for the first time at 11 Ottawa-area locations starting next week. The retailer will begin with six locations on July 7 and add another five on July 21. Walmart Canada will charge a $3 fee for the service and orders must be at least...

Party like it's 2014!

Jul 2, 2015 / 3:40 pm

This time last year David Howard was getting ready to host a number of high-profile corporate parties as part of Calgary's Stampede, but that's not the case this time around. "Basically, it's gone from where last year we were producing two events a day to where we're out of...

Debt relief irony

Jul 2, 2015 / 3:36 pm

Forgiving debt, if done right, can get an economy back on its feet. The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, another major creditor to Greece, is resisting, even though it knows better than most what...

Google's big apology

Jul 2, 2015 / 10:31 am

Google is apologizing after reports surfaced that an automatic image-recognition feature in its Photos application was identifying images of some black people as "gorillas." A New York man posted a picture of himself and a female friend on Twitter earlier this week, showing that the...

Cautious view on oil prices

Jul 2, 2015 / 10:03 am

The Conference Board of Canada says it's taking a cautious view of crude prices, even though they've improved substantially since the beginning of the year. The key U.S. benchmark, West Texas Intermediate, has been hovering around the US$60 mark for the past few months after dipping as...

Third Sears CEO quits

Jul 2, 2015 / 10:02 am

Sears Canada Inc. (TSX:SCC) is looking for a chief executive officer again, following its announcement Thursday that Ronald Boire will depart at the end of this summer — less than a year after taking on the job. He will become president and CEO of the Barnes & Noble chain of...

Ford ignition recall

Jul 2, 2015 / 9:59 am

Ford says it is recalling 52,180 vehicles in Canada because of a software bug that could leave the car running after the ignition is switched off. The automaker says the 2015 Focus, C-MAX and Escape models have an issue affecting the body control module and it is recalling 433,000 vehicles...

Outliving your money

Jul 2, 2015 / 9:53 am

If you're worried that you're going to run out of money in retirement, then an annuity may be something you want to consider as part of your financial plan, experts say. "What it allows you to do is purchase a guaranteed source of cash flow for retirement," says Jamie Golombek,...

$18.7B deal in Gulf spill

Jul 2, 2015 / 6:41 am

Officials in Florida, Alabama, Mississippi and Louisiana announced an $18.7 billion settlement with BP on Thursday that resolves years of litigation over the 2010 Gulf of Mexico oil spill. The settlement announcement comes as a federal judge was preparing to rule on how much BP owed in federal...

NBC drops Miss USA

Jul 2, 2015 / 6:32 am

The Miss USA pageant, left without a TV home following blowback against co-owner Donald Trump over his comments on Mexican immigrants, has been rescued by the Reelz channel. In a statement Thursday, Reelz CEO Stan E. Hubbard said the cable and satellite channel acquired the rights because of a...

Unemployment rate falls

Jul 2, 2015 / 6:30 am

U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to 5.3 per cent, a seven-year low. The numbers reflect a job market moving close to full health and raise expectations that the Federal Reserve will start raising interest rates as early as September. The Labor...

Electrolux-GE deal blocked

Jul 1, 2015 / 7:24 pm

The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of ovens and other cooking-related kitchen appliances, especially to customers like home builders, property managers, hotels, and...

Trump backlash grows

Jul 1, 2015 / 10:00 am

Rapper Flo Rida has pulled out of his guest appearance at the "Miss USA" pageant later this month and Macy's has dumped Donald Trump, part of the continued fallout over the GOP hopeful's remarks about Mexican immigrants during his presidential campaign announcement. A...

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Active listening

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