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Business News

Ontario' minority Liberals look for NDP support for third consecutive budget

May 1, 2014 / 1:02 am

TORONTO - Tax hikes on high income earners and smokers to help fund public transit are expected to be a key part of today's Ontario budget.But the question...

Loblaw beats on earnings amid   'historically high' competition in groceries

Loblaw beats on earnings amid 'historically high' competition in groceries

Apr 30, 2014 / 6:40 pm

Competition in the Canadian grocery industry has reached a "historically high" level that is likely to remain unabated in the foreseeable future, Loblaw...

Cautionary note: top Canadian scientists urge go-slow approach to fracking

Apr 30, 2014 / 6:24 pm

A report from a panel of top Canadian scientists is urging a go-slow approach to the booming industry of hydraulic natural gas fracking.So little is known about...

Oil falls below US$100 a barrel on slow US economic growth, rising supplies

Apr 30, 2014 / 5:08 pm

NEW YORK, N.Y. - The price of oil fell below US$100 a barrel for the first time in three weeks Wednesday as reports showed U.S. economic growth stalled in the...

Oilsands producer Cenovus boosts net earnings by 44 per cent in first quarter

Apr 30, 2014 / 2:46 pm

CALGARY - A steam plant in Northern Alberta that's been gathering dust for about eight years will find new life at Cenovus Energy Inc.'s recently approved Grand...

Tories on the hot seat over youth temporary foreign workers program

Apr 30, 2014 / 2:38 pm

OTTAWA - The Conservatives are under fire for yet another federal program that allows employers to hire temporary foreign workers — this one without an...

IMF board approves $17 billion in assistance for Ukraine

Apr 30, 2014 / 2:38 pm

WASHINGTON - The International Monetary Fund board has approved a two-year, $17 billion loan package for Ukraine.The IMF announced the assistance Wednesday...

Disney adding Marvel superheroes to 'Infinity' toy-and-game franchise

Apr 30, 2014 / 2:32 pm

LOS ANGELES, Calif. - Buzz Lightyear, meet Captain America.Walt Disney Co. is adding several Marvel superheros to its toys-meets-game series "Disney Infinity."...

Wheeler says FCC won't allow Internet 'slow lane' in defence of proposed open access rules

Apr 30, 2014 / 1:56 pm

LOS ANGELES, Calif. - The nation's top telecommunications regulator defended his latest proposal to protect an open Internet, warning cable companies that...

CEO says Southwest Airlines will throttle back on busy schedule to improve on-time rating

Apr 30, 2014 / 12:58 pm

DALLAS - Southwest Airlines is falling behind other airlines when it comes to arriving on time, and the carrier plans to tinker with its flight schedule to fix...

US economy slowed to 0.1 per cent growth rate in Q1, weakest in year, reflecting harsh winter

Apr 30, 2014 / 12:58 pm

WASHINGTON - The U.S. economy slowed sharply in the first three months of the year as a harsh winter exacted a toll on business activity. The slowdown, while...

Members of Congress contemplate forcing Obama's hand on Keystone XL

Apr 30, 2014 / 12:56 pm

WASHINGTON - Some people in Washington want to try to force U.S. President Barack Obama to make a decision on the Keystone XL pipeline, whether he likes it or...

Founder Peter Munk says the time has come to say goodbye to Barrick

Apr 30, 2014 / 12:40 pm

TORONTO - Barrick Gold founder Peter Munk said Wednesday the time had come to say goodbye to the company he started more than 30 years ago, promising he was...

Jean Coutu says rate of generic drug sales will continue to climb above 67%

Apr 30, 2014 / 12:36 pm

MONTREAL - The Jean Coutu pharmacy chain said more than two-thirds of the drugs it dispensed in the fourth quarter were lower-cost generic alternatives to...

Funeral home: Former Mad magazine editor Al Feldstein dies at his Montana home at age 88

Apr 30, 2014 / 12:22 pm

BILLINGS, Mont. - Al Feldstein, whose 28 years at the helm of Mad transformed the satirical magazine into a pop culture institution, has died. He was 88.The...

Energizer Holdings to split household products, personal care brands into 2 companies

Apr 30, 2014 / 12:04 pm

ST. LOUIS - Energizer Holdings plans to split into two separate and publicly traded companies, one selling batteries and household items, the other selling...

Will the Ontario budget trigger an election or will NDP prop up Liberals again?

Apr 30, 2014 / 11:38 am

TORONTO - With much of Thursday's Ontario budget already released through official announcements and unsanctioned leaks, the remaining question is will it...

StubHub plans to ticket, produce its own concerts; launches May 18 in Los Angeles

Apr 30, 2014 / 11:22 am

NEW YORK, N.Y. - You can soon buy concert tickets from StubHub for shows produced by StubHub.The company, which helps brokers and fans buy and sell tickets on...

Tax cuts coming, but won't blow surplus on major spending measures, says Oliver

Apr 30, 2014 / 11:08 am

OTTAWA - Finance Minister Joe Oliver says the federal government could have more than $9 billion in surplus to play with next year, but Canadians shouldn't...

Survey: US businesses step up hiring in April, add 220K jobs, most in 5 months

Apr 30, 2014 / 10:56 am

WASHINGTON - U.S. businesses boosted hiring in April, according to a private survey, a sign the economy may improve after a sluggish start this year.Payroll...

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