Friday, March 27th13.3°C

Prentice promises to stick to tough-love budget plan to fix Alberta economy

Mar 27, 2015 / 2:58 pm

EDMONTON - With a spring election widely expected, Premier Jim Prentice began selling his tough-love provincial budget Friday by promising not to waver from his promise to fix the broken foundations of Alberta's economy.Despite leading a Progressive Conservative party that even Prentice has...

New York mayor: Someone may have 'inappropriately' tapped gas line before explosion, collapse

Mar 27, 2015 / 2:56 pm

NEW YORK, N.Y. - Someone may have improperly tapped a gas line before an explosion that levelled three apartment buildings and injured nearly two dozen people, Mayor Bill de Blasio said Friday as firefighters soaked the still-smouldering buildings and police searched for at least two missing...

Tories introduce family tax legislation, including income-splitting measure

Mar 27, 2015 / 2:54 pm

OTTAWA - The Conservative government has introduced legislation to enact its family tax-and-benefit package — a multibillion-dollar suite of measures that includes the controversial income-splitting plan.The so-called "family tax cut" is worth as much as $2,000 a year to eligible families...

NDP would take from corporate executives, give to working poor, kids

Mar 27, 2015 / 2:54 pm

OTTAWA - Tom Mulcair issued a rallying cry to progressive voters Friday as he unveiled a proposal aimed at taking tax benefits from the rich and transferring them to the poor.The NDP leader promised that a New Democrat government would scrap the employee stock options deduction, a benefit enjoyed...

Most actively traded companies on the TSX

Mar 27, 2015 / 2:04 pm

Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (14,812.42, down 57.38 points):Allana Potash Corp. (TSX:AAA). Miner. Up 14.5 cents, or 43.94 per cent, to 47.5 cents on 20.1 million shares. Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down 12...

Ski-Doo maker BRP sees Russian sales continuing to fall this year

Mar 27, 2015 / 2:00 pm

MONTREAL - The company that makes Ski-Doo snowmobiles and other recreational equipment anticipates sales in Russia will continue to drop in the coming year due to a weakened ruble and economic conditions.Although Russian consumers rushed out to buy luxury goods late in the year as the ruble...

Yellen says continued economic improvement may trigger the start of Fed rate hikes this year

Mar 27, 2015 / 1:44 pm

WASHINGTON - Federal Reserve Chair Janet Yellen said Friday that continued improvement in the U.S. economy means an increase in the Fed's key interest rate could come later this year.But Yellen stressed that any rate increases would likely be very gradual.The Fed has kept its benchmark rate at a...

Canada Post returns to profit in 2014; revenue higher, costs lower than 2013

Mar 27, 2015 / 1:34 pm

OTTAWA - Canada Post Group returned to profitability last year as the postal service cut costs and raised revenue with higher stamp prices and increased demand from Canadians having their online purchases shipped to them.The group that includes Canada Post, Purolator and other businesses had a...

Airbnb signs deal to sponsor 2016 Olympics, easing Rio's housing shortage

Mar 27, 2015 / 12:12 pm

RIO DE JANEIRO - Rio de Janeiro's hotel bed shortage was eased on Friday, as online home share startup Airbnb inked a deal to be the official "alternative accommodations" sponsor of the 2016 Olympic games.The deal, which saw Airbnb pay an undisclosed amount to local Olympic organizers, means...

Bombardier CEO confirms CSeries deliveries delayed until early 2016

Mar 27, 2015 / 12:12 pm

MONTREAL - Bombardier's new CEO says the entry into service of its new CSeries commercial aircraft will be delayed until early 2016.Alain Bellemare said Friday the company still hopes to receive certification by the end of this year, but confirmed the first planes will be delivered to customers...

US consumer sentiment fell in March on bad weather, rising gasoline prices

Mar 27, 2015 / 10:34 am

WASHINGTON - Bad weather and rising gasoline prices pushed U.S. consumer sentiment a bit lower in March.The University of Michigan's consumer sentiment index slipped to 93 this month from 95.4 in February. Richard Curtin, chief economist for the survey, notes that consumer optimism was the highest...

BlackBerry back in black

Mar 27, 2015 / 9:25 am

BlackBerry Ltd. squeezed out a small profit in the fourth quarter, giving analysts a welcome surprise, even though overall revenues were still well short of their expectations. The struggling technology company, which reports in U.S. dollars, earned US$28 million or five cents per share in the...

Ottawa runs $1.3B surplus

Mar 27, 2015 / 9:18 am

The federal government posted a narrow surplus over the first 10 months of the current fiscal year, suggesting Ottawa could balance the books earlier than expected. Ottawa ran a $1.3-billion budgetary surplus through the first 10 months of 2014-15, with the help of a $2.2-billion surplus in...

TSX and dollar lower

Mar 27, 2015 / 8:32 am

The Toronto market was lower Friday morning as the prices for gold, oil and the Canadian dollar also slipped. The S&P/TSX composite index was down 65.55 points at 14,804.25 in late morning trade, adding to its losses Thursday. The loonie weakened, falling by 0.34 of a U.S. cent to 79.85...

The Latest: German police seize material from Germanwings co-pilot's home

Mar 27, 2015 / 1:20 am

9:15 a.m. (0815 GMT, 4:15 a.m.)German police have searched the home of co-pilot Andreas Lubitz in Duesseldorf and seized material that will now be examined as part of the investigation into the crash that killed 150 people in the French Alps.French investigators believe Lubitz locked himself inside...

New exchange set to launch

Mar 27, 2015 / 1:02 am

A new stock exchange aimed at deterring high-frequency trading strategies will launch and celebrate its first trade today. Royal Bank (TSX:RY) is among the supporters of the new Aequitas Neo Exchange, along with U.K.-based Barclays banking group, Canadian pension fund PSP Investments, telecom...

Woman whose recording led to sale of LA Clippers testifies of love for ex-owner, hate for wife

Mar 26, 2015 / 7:00 pm

LOS ANGELES, Calif. - The woman whose recording of Donald Sterling cost him the Los Angeles Clippers was forced Thursday to answer questions about recordings in which she and the billionaire discussed how to hide a house he bought her.Several of the 500 recordings V. Stiviano made during a nearly...

Alberta government increases taxes, but still plans to run record deficit

Mar 26, 2015 / 4:28 pm

EDMONTON - Albertans will pay more to get married, go camping, have a drink, go for a drive or do pretty much anything else as the province fights to get out from under the collapse in oil prices.The 2015-16 budget tabled Thursday increases taxes and fees virtually across the board and runs the...

Business Highlights

Mar 26, 2015 / 3:10 pm

___How gov't aims to protect low-income users of 'payday' loansWASHINGTON (AP) — Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan.Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Problem is, such...

Quebec tables balanced budget as it aims to slice its massive debt

Mar 26, 2015 / 2:48 pm

QUEBEC - Quebec will post a balanced budget this year and tightly control government spending as the province aims to slice its massive debt over the next decade, says Finance Minister Carlos Leitao.With a gross debt of $197.1 billion as of March 31, 2014, Quebec was by far the most indebted...

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CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...

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If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

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