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Business News

Bank of Montreal to hike dividend, continue share buybacks following record year

Dec 3, 2013 / 5:22 am

TORONTO, Cananda - Bank of Montreal (TSX:BMO) says its annual net profit hit a record $4.2 billion in 2013, with strong performances from its wealth management...

Toronto market climbs amid falling commodities, strong U.S. manufacturing data

Toronto market climbs amid falling commodities, strong U.S. manufacturing data

Dec 3, 2013 / 4:18 am

TORONTO - The Toronto stock market closed higher Monday as the latest manufacturing data pointed to continued recovery in the American economy even though U.S....

Ontario electricity rates to rise 33% in three years under long-term energy plan

Ontario electricity rates to rise 33% in three years under long-term energy plan

Dec 3, 2013 / 3:20 am

TORONTO - Ontario homeowners face a 33-per-cent hike in electricity rates over the next three years, but that's lower than a previous government forecast,...

No more work email from home? Employers step in to prevent burnout among staffers

Dec 2, 2013 / 11:50 pm

LONDON - Volkswagen turns off some employees' email 30 minutes after their shifts end. Goldman Sachs is urging junior staff to take weekends off. BMW is...

Canadian dollar closes near 3-year low,  pressured by falling gold prices

Canadian dollar closes near 3-year low, pressured by falling gold prices

Dec 2, 2013 / 10:36 pm

TORONTO - The Canadian dollar closed near a two-year low Monday as it felt the impact of lower prices for key commodities, particularly gold and crude oil.The...

Judge set to decide whether Detroit is eligible to fix its debt crisis in bankruptcy court

Dec 2, 2013 / 10:18 pm

DETROIT - Detroit's bankruptcy case is entering its most important stage so far as a judge decides whether the city is eligible to stay in court and fix...

Commute time a key factor in job choice

Commute time a key factor in job choice

Dec 2, 2013 / 9:27 pm

A new survey says many Canadians consider the time it takes to get to work as important as the job itself. The survey by Oxford Properties and Environics...

Commuting times key factor for job selection among younger workers: survey

Dec 2, 2013 / 9:04 pm

TORONTO, Cananda - A new survey says many Canadians consider the time it takes to get to work as important as the job itself.The survey by Oxford Properties and...

Crude rises near US$94 a barrel on encouraging manufacturing data from US, China

Dec 2, 2013 / 9:02 pm

The price of oil rose more than one per cent Monday on encouraging manufacturing data from the U.S. and China.Benchmark West Texas Intermediate crude for...

Kung fu star Bruce Lee's famous yellow jumpsuit goes up for auction in Hong Kong

Dec 2, 2013 / 9:00 pm

HONG KONG - Bruce Lee fans who covet the original yellow jumpsuit that the martial arts legend wore onscreen will get a chance to bid for it at a Hong Kong...

So close, so far: WTO meeting could be last chance for $1 trillion trade deal

So close, so far: WTO meeting could be last chance for $1 trillion trade deal

Dec 2, 2013 / 9:00 pm

BALI, Indonesia - Top trade officials began talks Tuesday that will either produce an eleventh hour deal that could boost the global economy by $1 trillion or...

Bombardier could bypass severe winter weather by flight testing CSeries in U.S.

Dec 2, 2013 / 7:04 pm

MONTREAL - Bombardier may get around Quebec's sometimes severe winter weather by conducting some flight tests of its new CSeries commercial aircraft in the...

Newfoundland and Labrador forecasts deficit of $450.6 million for this year

Dec 2, 2013 / 5:00 pm

ST. JOHN'S, N.L. - Newfoundland and Labrador's fiscal update released Monday offers a slightly better outlook but is still awash in red ink even as the province...

Comcast testing full commercial loads for on-demand shows with NBCUniversal

Dec 2, 2013 / 3:24 pm

LOS ANGELES, Calif. - Pay TV customers who are used to watching fewer ads on on-demand shows may have to put up with longer commercial breaks.Comcast Corp., the...

Barrick to provide board update following meeting this week amid reports

Barrick to provide board update following meeting this week amid reports

Dec 2, 2013 / 2:54 pm

TORONTO, Cananda - Barrick Gold will provide an update following a board meeting Wednesday, amid reports founder Peter Munk plans to step aside from his role as...

CRTC chairman holds Twitter chat on the launch of new wireless code

Dec 2, 2013 / 2:54 pm

GATINEAU, Que. - The head of the CRTC held his first Twitter chat on Monday, answering questions from the public on the launch of new regulations governing...

Stocks little changed as traders weigh weaker holiday sales vs. higher construction spending

Dec 2, 2013 / 2:38 pm

NEW YORK, N.Y. - Major stock indexes are little changed in midday trading as investors weigh encouraging news about construction and manufacturing against...

US construction spending grows 0.8 per cent in October to highest level in 4 years

Dec 2, 2013 / 2:34 pm

WASHINGTON - U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects....

Garth Drabinsky's bid for full parole fails as panel split on issue

Dec 2, 2013 / 2:34 pm

TORONTO, Cananda - Disgraced theatre mogul Garth Drabinsky will have to make another pitch for full parole.A two-member panel hearing his case on Monday...

Joel Matlin, face of AlarmForce and former CEO, launches new marketing firm

Dec 2, 2013 / 2:32 pm

TORONTO - Joel Matlin, the recently ousted CEO of AlarmForce Industries (TSX:AF), is taking his marketing skills elsewhere while he awaits the outcome of a...

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