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Postmedia selling Infomart division

cbc news - Thu, 06/22/2017 - 15:22

Postmedia Network Canada Corp. has signed a deal to sell Infomart, its media monitoring division, to Meltwater News Canada Inc. for $38.25 million.

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Qatar Airways seeks 10% stake in American Airlines

cbc news - Thu, 06/22/2017 - 12:49

State-owned Qatar Airways is attempting to buy a 10 per cent stake in American Airlines, triggering U.S. antitrust oversight of deals that size.

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Canadian retail sales top April forecasts

cbc news - Thu, 06/22/2017 - 11:42

Canadian consumer spending in April was stronger than expected, which economists say lends weight to the Bank of Canada's recent suggestions that interest rate hikes could be on the way.

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Sears Canada plans restructuring, files for creditor protection

cbc news - Thu, 06/22/2017 - 08:55

Shares in Sears Canada were halted Thursday morning after the retailer said it is seeking court protection from its creditors while it restructures itself.

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Enbridge to start construction this summer on Line 3 replacement pipeline

cbc news - Thu, 06/22/2017 - 08:00

Construction will start this summer on Enbridge's 1,700-kilometre Line 3 replacement pipeline, the largest project the company has ever undertaken.

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Warren Buffet's company buys into troubled Home Capital Group

cbc news - Thu, 06/22/2017 - 06:36

Home Capital Group Inc. says American investment firm Berkshire Hathaway Inc. has agreed to indirectly acquire $400 million of its common shares in a private placement and provide a new $2 billion line of credit to its subsidiary, Home Trust Company.

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Why wages aren't rising while workers remain in short supply: Don Pittis

cbc news - Thu, 06/22/2017 - 05:00

Where did inflation go and how do we get it back? As Canada readies for its latest look at the state of rising prices, struggling workers want to know.

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Could a levy on ISPs help promote Canadian content in the new digital world?

cbc news - Thu, 06/22/2017 - 05:00

While the "internet tax" proposed by the Commons heritage committee was criticized for piling more fees onto consumers, many in the media industry feel it had the right intention, writes Ramona Pringle.

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2nd wave of softwood lumber duties sets up 'dangerous' talks for Canada

cbc news - Thu, 06/22/2017 - 05:00

The other shoe is set to drop for softwood lumber producers Friday as the U.S. Commerce Department is expected to reveal preliminary anti-dumping duties on Canadian imports.

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Potash Corp., Agrium to be called Nutrien once merger closes

cbc news - Wed, 06/21/2017 - 15:54

Potash Corporation of Saskatchewan and Agrium Inc. of Calgary have announced a new merging company name: Nutrien.

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George Clooney selling tequila brand in $1B US deal

cbc news - Wed, 06/21/2017 - 14:52

Global liquor behemoth Diageo says it will pay up to $1 billion US to buy a tequila brand co-founded by movie star George Clooney.

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Oil falls again, despite decline in US crude supplies

cbc news - Wed, 06/21/2017 - 13:46

Oil prices fell further on Wednesday, with the international benchmark for crude sliding below $45 US a barrel.

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Amazon takes aim at department stores with 'Prime Wardrobe'

cbc news - Wed, 06/21/2017 - 11:04

Amazon is hoping to claim more territory once held by department stores, essentially placing a dressing room in your house by testing a new service that lets members of its Prime program try on styles before they buy them.

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Royal Bank cutting 450 jobs, mainly at Toronto-area head offices

cbc news - Wed, 06/21/2017 - 11:01

Royal Bank of Canada said Wednesday it is cutting roughly 450 jobs, primarily at its head office locations in the Toronto area.

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Ford to build Focus in China and ship cars back to U.S. for 1st time

cbc news - Wed, 06/21/2017 - 10:17

Ford Motor Company will move production of its small Focus sedan to China starting in 2019, and then ship the vehicles back for North American customers for the first time ever.

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