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Business News Last 7 days

Alberta credit downgraded

May 26, 2017 / 3:48 pm

Alberta's credit rating has once again been knocked down over concerns of rising debt levels and unbalanced budgets. S&P Global Ratings says it has...

Nortel to start paybacks

May 26, 2017 / 10:48 am

Nortel Canada's long-suffering creditors will finally begin to receive their share of more than US$4 billion to be distributed under a plan approved in...

Zuckerberg: have 'purpose'

May 26, 2017 / 5:55 am

Mark Zuckerberg returned Thursday to Harvard, where he launched Facebook and then dropped out, telling graduates it's up to them to bring purpose to the...

Seeking CRTC review

May 25, 2017 / 10:29 am

Videotron wants Canada's telecom watchdog to review its decision that requires the company to stop offering its unlimited music service by mid-July, saying...

OPEC to cut output

May 25, 2017 / 7:01 am

OPEC and other oil nations meeting Thursday were set to extend their production cuts in an effort to shore up prices. But the intended impact could be...

Some weed with your wine?

May 25, 2017 / 6:46 am

Bill and Barbara Steele moved to this sleepy corner of Oregon to start their own winery after successful, high-powered business careers. Now, more than a decade...

Graco recalls car seats

May 25, 2017 / 6:41 am

Graco Children's products is recalling 1,393 child car seats in Canada due to a problem with harness webbing. An advisory from the company's Canadian...

Big banks rake in profits

May 25, 2017 / 6:26 am

Canada's big banks are raking in the profits. CIBC reports $1.05 billion of net income in its second quarter, up 11 per cent from a year ago, when it...

Serena goes high-tech

May 24, 2017 / 4:01 pm

Tennis star Serena Williams has 39 Grand Slam titles, four Olympic medals, major endorsement deals and her own line of clothing and accessories. Now she is...

$950M for 'supercluster'

May 24, 2017 / 2:40 pm

The Trudeau government is opening the competition for its $950-million "supercluster" program that aims to bring together industry and academia as a...

Bombardier, Triumph settle

May 24, 2017 / 11:38 am

Bombardier and Triumph have reached a settlement about five months after the U.S. aerospace supplier filed a $455-million lawsuit against the Quebec-based...

Bank holds rate at 0.5%

May 24, 2017 / 10:32 am

Uncertainties continue to obscure the economy's stronger-than-expected start to the year, the Bank of Canada said Wednesday as it stuck with its...

Home Capital draws $250M

May 24, 2017 / 9:59 am

Home Capital Group says it has drawn down a further $250 million this week from its emergency line of credit to repay deposit notes due Wednesday. That leaves...

BMO's net income up 28%

May 24, 2017 / 9:56 am

The Bank of Montreal grew its second-quarter net income by 28 per cent and boosted its quarterly dividend, even as profits in its U.S. personal and commercial...

Making more than parents

May 23, 2017 / 1:24 pm

A new study from Statistics Canada appears to suggest that 30- and 40-something Canadians are more likely to live the American dream of earning more than their...

Software used to beat tests

May 23, 2017 / 11:07 am

The U.S. government is suing Fiat Chrysler, alleging that some diesel pickup trucks and Jeep SUVs cheat on emissions tests. The lawsuit filed Tuesday by the...

Fat raises for top CEOs

May 23, 2017 / 10:32 am

The typical CEO at the biggest U.S. companies got an 8.5 per cent raise last year, raking in $11.5 million in salary, stock and other compensation last year,...

Kids earning more?

May 23, 2017 / 9:58 am

A new study from Statistics Canada says that Canadian children have, on average, fared better financially than their parents. The research published today finds...

Wholesale sales hit record

May 23, 2017 / 9:45 am

Statistics Canada says wholesale sales were up 0.9 per cent in March, surpassing the $60 billion mark for the first time. Total Canadian wholesale sales for...

Stretched to mortgage limit

May 23, 2017 / 6:03 am

Nearly three quarters of Canadian homeowners say they would have difficulty paying their mortgage if their payments were to increase by more than 10 per cent,...

No politics for Zuckerberg

May 22, 2017 / 8:37 am

Facebook CEO Mark Zuckerberg says his quest this year to visit every state he hadn't before is about building relationships, not politics. The 33-year-old...

Ford CEO replaced

May 22, 2017 / 7:32 am

Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble,...

Pacific pact to move ahead

May 21, 2017 / 10:02 am

The Pacific Rim trade ministers meeting in Vietnam committed Sunday to move ahead with the Trans Pacific Partnership trade pact after the United States pulled...

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