Thursday, March 26th7.5°C

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...

Ricki's, Bootlegger cut jobs

Mar 26, 2015 / 2:47 pm

The company behind Ricki's, Bootlegger and Cleo plans to close stores and cut jobs as part of a restructuring after obtaining court protection from creditors Thursday. Ontario-based Comark Inc., which was granted creditor protection under the Companies' Creditors Arrangement Act,...

Taxes and fees: Some highlights of the Alberta budget released Thursday

Mar 26, 2015 / 2:30 pm

EDMONTON - Highlights of the 2015-16 Alberta budget:The bottom line: Total spending of $48.4 billion on revenue of $43.4 billion for a $5-billion deficit — the largest in Alberta's history. The deficit will be covered mainly by the province's contingency fund.End of the flat tax: Alberta...

A look at some of the winners and losers in the Alberta budget released Thursday

Mar 26, 2015 / 2:28 pm

EDMONTON - Some of the winners and losers in the Alberta budget released Thursday:Winner — Corporations and oil companies: No changes to the 10 per cent corporate income tax rate and no changes to oil royalties. The government said raising them could tip the province into recession.Winner...

Highlights of 2015-16 Quebec budget

Mar 26, 2015 / 2:14 pm

QUEBEC - Highlights of Quebec's 2015-16 budget, which Finance Minister Carlos Leitao tabled Thursday:Deficit: Balanced budget on own-source revenue of $80.7 billion2014-15 deficit: $2.35 billion, as projected last yearFederal transfers: $19.4 billionTaxes: No new onesEconomic growth: Two per...

Saskatchewan government and Opposition squabble over T-shirts used in campaign

Mar 26, 2015 / 1:58 pm

REGINA - Saskatchewan politicians are squabbling about T-shirts after the government noted that an Opposition fundraising campaign used shirts made in the U.S.Premier Brad Wall raised the issue in Thursday's question period during a back-and-forth exchange on the government's procurement policy.The...

Most actively traded companies on the TSX

Mar 26, 2015 / 1:52 pm

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (14,869.80, down 59.57 points):Spartan Energy Corp. (TSX:SPE). Oil and gas. Up 11 cents, or 3.97 per cent, to $2.88 on 12.9 million shares.Taseko Mines Ltd. (TSX:TKO). Miner. Up four cents, or...

Can you trust your pilot? Crash of German airliner is certain to make passengers uneasy

Mar 26, 2015 / 1:46 pm

NEW YORK, N.Y. - Airline pilots are supposed to be the ones we trust.They greet us at the door of the plane in their crisp, military-style uniforms, then welcome us aboard with that familiar soothing drawl over the PA system as we buckle ourselves in. When there's turbulence, they offer...

Amaya spinning off Diamond Game Enterprises subsidiary through Innova IPO

Mar 26, 2015 / 1:32 pm

MONTREAL - PokerStars owner Amaya Inc. announced plans Thursday to spin off its Diamond Game Enterprises subsidiary through an initial public offering of a newly formed Innova Gaming Group. Innova will hold all the shares of Diamond Game, which designs and develops games, primarily for the North...

TD Bank CEO says slower revenue growth, more competition require bank to adapt

Mar 26, 2015 / 12:12 pm

TORONTO - TD Bank's chief executive is urging the financial regulators to introduce rules governing new players in the financial services space.Bharat Masrani said new entrants — from tech giants like Apple and Google offering mobile payment systems to alternative lenders in the shadow...

Quebec premier appeals to Cirque founder to keep head office in Montreal if sold

Mar 26, 2015 / 11:06 am

QUEBEC - Quebec Premier Philippe Couillard issued an appeal Thursday to the founder of the Cirque du soleil to keep its head office in Montreal.Couillard told reporters in Quebec City that Guy Laliberte is one of Quebec's great entrepreneurs and the Cirque is a huge source of pride for the...

FDA seeks new information on safety, efficacy of unproven homeopathic remedies

Mar 26, 2015 / 11:02 am

WASHINGTON - Federal officials plan to review the safety and evidence behind alternative remedies like Zicam and Cold-Eeze, products that are protected by federal law, but not accepted by mainstream medicine.The Food and Drug Administration says that it will hold a two-day meeting next month on...

CRTC unveils proposal

Mar 26, 2015 / 9:20 am

Canada's broadcast regulator has released yet another proposal aimed at positioning consumers ahead of the country's broadcasters. The Canadian Radio-television and Telecommunications Commission has offered up a draft code that would, if enacted, require cable and satellite companies to...

BoC defends rate cut

Mar 26, 2015 / 8:44 am

OTTAWA - Stephen Poloz stood on an international stage Thursday and defended his surprise January decision to cut the Bank of Canada's key interest rate. The central bank governor used a speech in London to justify a move that shocked markets, stressing the urgency to react to the stunning...

Toronto opens higher

Mar 26, 2015 / 8:08 am

The Toronto Stock Exchange headed lower in trading Thursday morning, even as the prices for oil and gold were up. The S&P/TSX composite index was down 32.70 points at 14,896.67 midmorning, adding to a triple-digit loss Wednesday. The index had opened higher after oil and gold prices rose...

TD Bank CEO says slower revenue growth, more competition require bank to adapt

Mar 26, 2015 / 7:44 am

TORONTO - TD Bank's chief executive says the bank must adapt to an environment of slower revenue growth, tougher competition from new entrants and higher customer expectations.Bharat Masrani said at TD's annual meeting that it's unlikely growth this year will come from Canadian consumer borrowing...

AP investigation renews US pressure on Thai government to end labour abuses in seafood sector

Mar 26, 2015 / 7:14 am

The U.S. government and major business leaders are renewing their call on the Thai government to crack down on slavery in its fishing fleets, and to punish people who force migrant workers to catch seafood that can end up in the United States.The State Department, the U.S. seafood and retail...

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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 ...

Medical confidential?

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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