Monday, August 3rd22.3°C
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Whole lotta sandwiches

Aug 2, 2015 / 6:26 am

Subway's "sandwich artists" cranked out a record number of their lunchmeat masterpieces in Las Vegas on Saturday. Franchisees and employees from around the world set a Guinness World Record for the "most people making sandwiches simultaneously" when 1,481 people built...

No deal on TPP

Aug 1, 2015 / 6:49 am

Prime Minister Stephen Harper was prepared to make a triumphant announcement Friday night about Canada joining the largest free-trade zone in history, and use that as a launchpad into an anticipated weekend election call. But the planned event in Parliament's Centre Block never...

Province OKs gold mine

Jul 31, 2015 / 3:23 pm

Construction will begin soon on a new gold and silver mine in northwestern British Columbia. The provincial government has issued a final operating permit for the Brucejack Mine, owned by Pretium Resources Inc., after the project received an environmental assessment certificate and the necessary...

Toyota banks on Ontario

Jul 31, 2015 / 11:45 am

The federal and provincial governments have teamed up to provide about $100 million to help expand Toyota's manufacturing operations in southern Ontario. The money will go towards the automaker's planned $421-million investment at plants in Cambridge and Woodstock. Ottawa's...

Pipeline will cost more

Jul 31, 2015 / 11:39 am

It's looking like the Energy East project is going to get more expensive. TransCanada Corp. (TSX:TRP), the company planning to build the controversial cross-Canada oil pipeline, had been estimating it would cost $12 billion. But on Friday, it warned that figure is expected to grow. On...

Imperial Oil profits dive

Jul 31, 2015 / 9:26 am

Imperial Oil's second-quarter profit plunged 90 per cent from last year to $120 million from $1.2 billion as the oil producer dealt with the sharp drop in oil prices. Imperial, one of Canada's largest oil extraction and refining companies, said the profit amounted to 14 cents a share,...

Economy shrank in May

Jul 31, 2015 / 6:41 am

The Canadian economy contracted in May, the fifth consecutive monthly decrease, increasing the possibility the country slipped into a recession in the first half of the year. Statistics Canada said Friday real gross domestic product fell 0.2 per cent in May due mostly to weakness in...
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Dairy hardball slows talks

Jul 30, 2015 / 1:34 pm

Other countries at the bargaining table are growing exasperated with Canada for its stonewalling of their demands to open up its dairy market as part of a major global free-trade deal. But cracks in the Canadian government's position have begun to show as an agreement on the Trans-Pacific...

Studio files for protection

Jul 30, 2015 / 1:30 pm

Relativity Media, the struggling "mini major" Hollywood studio behind movies such as "Immortals" and "Mirror Mirror," filed for Chapter 11 bankruptcy protection Thursday. The filing will allow the studio led by chairman and CEO Ryan Kavanaugh to continue to operate...

Pipeline opponents furious

Jul 30, 2015 / 11:41 am

Opponents of Kinder Morgan's plan to boost capacity of its Trans Mountain pipeline across southern B.C., accuse the National Energy Board of once again changing key dates in the review process. The NEB is due to release draft conditions for the pipeline on Aug. 12. Earlier this month, it...

Bombardier delays jet

Jul 30, 2015 / 10:02 am

Bombardier said it will delay the debut of a new business jet it had touted as an example of its forward-thinking as it announced plans Thursday to cut costs amid a drop in profits. After his first full quarter at the helm, CEO Alain Bellemare said he has a stronger grasp of what the company...

Cenovus to cut jobs

Jul 30, 2015 / 6:19 am

Cenovus Energy Inc. says it's looking to cut between 300 to 400 jobs in the second half of this year, and is chopping its quarterly dividend by 40 per cent. The energy company says it will now pay a quarterly dividend of 16 cents per share, down from its earlier rate of 26.62...

Death doesn't come cheap

Jul 30, 2015 / 6:15 am

As if losing a loved one wasn't hard enough. The final tab for the funeral can come as yet another shock, especially if the death is unexpected. Often, there's too little time — not to mention emotional energy — to negotiate, research or shop around. "I think often...

Pacific trade deal blasted

Jul 30, 2015 / 6:14 am

About 400 protesters blew conch shells on a Hawaii beach to demonstrate against a trade agreement being negotiated by ministers from 12 Pacific Rim nations. The demonstrators blew into their shells in unison on Wednesday on the sand in front of the Westin Maui resort on Kaanapali Beach, where...

Suncor trims spending

Jul 29, 2015 / 10:13 pm

Suncor Energy is trimming its spending plans for this year by a further $400 million, while at the same time boosting its production targets and dividend. The moves come as U.S. benchmark crude prices continue to languish below US$50 a barrel, dashing hopes in the oilpatch of a quick recovery. A...

Auto buyback not in Canada

Jul 29, 2015 / 4:10 pm

A U.S. order requiring Fiat Chrysler to buy back thousands of Dodge Ram pickups and Chrysler SUVs does not apply to Canada, a discrepancy that highlights a weakness in consumer protection here, national advocacy groups say. The US$105 million fine and buyback program for up to a third of 579,000...

Trade deal in final stages

Jul 29, 2015 / 3:37 pm

The Conservatives are anxiously hoping to sign off on a massive free-trade deal before kicking off an election campaign that's expected to start as early as Sunday. The federal government is at the negotiating table in Hawaii, where Trans-Pacific Partnership talks are reportedly in their...

Windows 10 is here

Jul 29, 2015 / 1:24 pm

Microsoft debuted its new Windows 10 operating system Wednesday, in what the company hopes will be a pivotal moment in its bid regain its sway in a world where the PC is no longer king. The first people to get the new software Wednesday included about 5 million "insiders," or tech...

'Meth lab not included'

Jul 29, 2015 / 12:58 pm

Two houses featured on the hit AMC TV series "Breaking Bad" are up for sale in Albuquerque, N.M. A mother-daughter realty team said this week they are helping sell the home where the fictitious Jesse Pinkman made methamphetamine on the hit television show. The house in...

World economy recovering

Jul 29, 2015 / 8:12 am

International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks." In an online press conference Wednesday, Lagarde described the United States "a strong performer" and China "resilient" despite a...



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Mortgage policy changes?

There are rumours circulating again that the federal government may move to tighten mortgage insurance criteria. This is prompted by a recent article in the Financial Post. The housing market while b...


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Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


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