Tuesday, September 2nd17.1°C

Former Sino-Forest execs should be judged by Canadian standards: OSC

Sep 2, 2014 / 11:48 am

TORONTO - Former top executives at Sino-Forest Corp., accused of a perpetrating a massive fraud, should be judged by Canadian standards even though the company's main operations were in China, a long-awaited securities tribunal was told Tuesday.Ontario Securities Commission lawyer Hugh Craig told...

Mining, energy stocks pull TSX lower amid mixed manufacturing readings

Sep 2, 2014 / 11:38 am

TORONTO - Falling resource stocks kept the Toronto stock market in the red Tuesday amid mixed manufacturing data and falling gold prices.The S&P/TSX composite index lost 23.31 points to 15,602.42.The Canadian dollar was down 0.39 of a cent to 91.58 cents US.U.S. markets were mainly lower despite...

New York attorney general accuses lender of refusing to lend to African-Americans in Buffalo

Sep 2, 2014 / 11:20 am

BUFFALO, N.Y. - A bank purposely avoided giving mortgages to African-Americans by locating all of its branches outside black neighbourhoods and directing advertising and loan products toward largely white communities, New York's attorney general said in a lawsuit filed Tuesday as part of a wider...

US construction spending rebounds 1.8 per cent in July, biggest gain in more than 2 years

Sep 2, 2014 / 10:50 am

WASHINGTON - U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this...

Dollar General lifts offer for Family Dollar to about $9.1B, willing to divest more stores

Sep 2, 2014 / 10:50 am

GOODLETTSVILLE, Tenn. - Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to ease the antitrust concerns of its takeover target.The newest bid is worth $9.1 billion, or $80 per...

Private equity firm Thoma Bravo to buy software developer Compuware for $2.5 billion

Sep 2, 2014 / 10:46 am

Private equity firm Thoma Bravo will spend about $2.5 billion to buy Compuware and take the software developer private.The companies said Tuesday that Compuware stock owners will receive about $10.92 for each share they own. That price includes mostly cash and some stock from Compuware spinoff...

Netflix gives subscribers a more discreet way to recommend video to their Facebook friends

Sep 2, 2014 / 10:44 am

SAN FRANCISCO - Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends after realizing most people don't want to share their viewing habits with large audiences.Until now, Netflix subscribers linking the service to their...

Pembina announces deals to export propane from Oregon, access Bakken resource

Sep 2, 2014 / 10:30 am

CALGARY - Pembina Pipeline Corp. announced separate deals Tuesday totalling more than US$1 billion that will enable it to export propane from the U.S. West Coast and also get access to North Dakota's prolific Bakken formation.In one of the deals, the Calgary-based company (TSX:PPL) inked an...

Canadian dollar declines ahead of Bank of Canada interest rate announcement

Sep 2, 2014 / 8:54 am

TORONTO - The Canadian dollar was lower Tuesday, ahead of the scheduled announcement on interest rates Wednesday by the Bank of Canada. The loonie declined 0.45 of a cent to 91.52 cents US as traders also considered a mixed batch of manufacturing data. The bank is expected to leave its key...

IMF says Ukraine could need billions in additional aid if fighting persists

Sep 2, 2014 / 8:04 am

BRUSSELS - While Ukraine's leaders are trying to win the war against Russian-backed separatists in the east, they appear to be losing the battle to resurrect the country's battered economy.Ukraine might need billions in additional support if the fighting between the military and the separatists in...

Applications up, approvals slow for Health Canada medical marijuana licences

Sep 2, 2014 / 7:24 am

OTTAWA - The number of Canadian firms applying for lucrative medical marijuana licences has topped 1,000, as a so-called "greenrush" continues to overwhelm Health Canada. So far, only two new licences have been approved this summer even as the department tightens the application rules...

Norwegian goes black tie with $3 billion acquisition of high-end cruise line Prestige

Sep 2, 2014 / 6:20 am

NEW YORK, N.Y. - Norwegian Cruise Line is sailing into the luxury sector, spending about $3 billion in cash and stock to acquire the high-end Prestige Cruises International. It's a huge deal for Apollo Global Management LLC, which acquired a majority stake in Prestige in 2007. Apollo also...

New Brunswick political parties focus on tourism, wages on Labour Day

Sep 1, 2014 / 1:36 pm

SAINT JOHN, N.B. - New Brunswick's Liberal Party is promising to boost the province's minimum wage in hopes of coming out on top in September's election, while the incumbent Progressive Conservatives are announcing a fund that would attract more tourists to the province.Money generated through the...

New 'World News' anchor Muir wants to keep racking up frequent flier miles

Sep 1, 2014 / 8:40 am

NEW YORK, N.Y. - Among the stories David Muir will introduce during his first week as ABC's "World News" anchor is one he reported about a generation of Syrian refugees missing out on an education.Besides detailing a hidden aspect of the civil war, the story serves a dual purpose: to signal viewers...

Arctic business forum has first meeting, fulfilling Canadian promise

Sep 1, 2014 / 7:02 am

IQALUIT, Nunavut - Canada will live up to promises it made two years ago when the first meeting of the Arctic Economic Council begins Tuesday in Iqaluit.Creation of the group was to be the centrepiece of Canada's agenda as it assumed leadership in 2012 of the overall Arctic Council, which is made...

Duelling reports: Finance rebuts grim analysis by another federal department

Sep 1, 2014 / 4:02 am

OTTAWA - Finance Canada has issued a rebuttal of a politically embarrassing report on middle-class economic woes that was compiled last fall by experts in another federal department.The duelling analyses highlight an economic issue almost certain to dominate the federal election campaign next year,...

Strike-lockout interrupts production at two Saskatchewan uranium facilities

Aug 31, 2014 / 12:40 pm

SASKATOON - A labour dispute has interrupted work at two Saskatchewan uranium facilities.Cameco (TSX:CCO) shut down production at the McArthur River mine and Key Lake mill when the union's strike deadline early Saturday morning approached.Cameco says it issued a lockout notice earlier in the week...

Labour movement redefining role as face of Canada's workforce changes

Aug 31, 2014 / 11:12 am

Labour Day celebrations across Canada this year come at a time when organized labour is in the midst of redefining its role in the workforce as a decline in the manufacturing industry and the rise of contract and part-time workers has challenged its traditional focus.Nelson Wiseman, director of...

Investors look for direction as market prepares for worst month of the year

Aug 31, 2014 / 8:02 am

TORONTO - Stock markets could be in for some tough sledding in the near term as investors contemplate trading in a month that sports a nasty reputation."Historically, September is the worst month of the year for stocks," said Colin Cieszynski, senior markets analyst at CMC Markets Canada."Usually,...

Los Angeles' first Made in America concert rocks downtown, offering 30-plus acts over 2 days

Aug 30, 2014 / 10:24 pm

LOS ANGELES, Calif. - A group of sexy dancers backed Iggy Azalea as Rita Ora joined her on stage. Kendrick Lamar shared the spotlight with label-mate Schoolboy Q during his set. Afrojack got the crowd jumping, and Imagine Dragons closed out the evening.The first night of the inaugural Budweiser...

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Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...

At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....

New Real Estate Brokerage in town

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