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Canada's economy grew at 3.7% pace in first 3 months of 2017

cbc news - Wed, 05/31/2017 - 09:02

Canada's economy expanded at an annual pace of nearly four per cent in the first quarter, more than three times the growth seen in the U.S. in the same period.

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'All in the name of profit': Financial industry employees reveal how they forge documents

cbc news - Wed, 05/31/2017 - 05:00

Employees in Canada's financial industry are speaking out about falsifying documents, telling Go Public that potentially criminal acts — like forging and photocopying customer signatures, adding initials to blank documents and using Wite-Out to conceal information — are more common than most people would think.

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The 'Mexican game': How Air Transat misled passengers and aviation officials

cbc news - Wed, 05/31/2017 - 05:00

Air Transat instructed a Canadian charter airline to mislead aviation authorities and its passengers to take Air Transat passengers to and from Mexico, according to a string of emails obtained by CBC News.

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What B.C. can and cannot do to stop the Kinder Morgan pipeline

cbc news - Wed, 05/31/2017 - 05:00

The fate of the pipeline, which would stretch from Edmonton to Burnaby, B.C., could be a battle of the wills between a big oil company with billions of dollars on the line versus an upstart political duo that may take a slim hold on power and have something to prove.

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KPMG-linked offshore companies ordered documents destroyed amid CRA probe

cbc news - Wed, 05/31/2017 - 05:00

Five weeks after the federal government ordered KPMG to maintain all records in an ongoing tax investigation, a group of offshore shell companies set up by the accounting giant held an "extraordinary" meeting to destroy documents related to the probe.

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Tighter rules prompt mortgage slowdown as CMHC insured 41% fewer loans so far this year

cbc news - Tue, 05/30/2017 - 15:01

Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.

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British Airways debacle puts spotlight on airlines' old IT systems, cuts

cbc news - Tue, 05/30/2017 - 13:49

The catastrophic IT failure at British Airways that ruined travel plans for 75,000 people has raised questions about some older airlines' focus on costs to the detriment of investment in new computer systems.

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Amazon's share price cracks $1,000 US for 1st time

cbc news - Tue, 05/30/2017 - 10:46

Amazon, the e-commerce giant that has changed how much of the world shops for books, toilet paper and TVs, hit a new milestone. Its stock topped $1,000 US for the first time.

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Kinder Morgan shares open below IPO price after NDP-Green deal in B.C.

cbc news - Tue, 05/30/2017 - 10:03

Shares in Kinder Morgan Canada opened below the price set for its initial public offering on Tuesday morning, after a Monday deal between the provincial New Democratic Party and Green Party in British Columbia cast doubt on the future of the company's proposed Trans Mountain pipeline expansion.

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Tragically Hip goes into partnership with medical marijuana upstart

cbc news - Tue, 05/30/2017 - 09:27

The Tragically Hip has announced a new partnership with the upstart medical marijuana firm Newstrike. The company says The Hip are "significant investors" and will help shape the Newstrike's brand and marketing strategies.

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Toronto-based sushi chain Bento plans IPO on TSX

cbc news - Tue, 05/30/2017 - 09:26

Canadian sushi restaurant chain Bento plans to go public and list its shares on the TSX in a move that reports suggest could raise as much as $100 million.

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Scotiabank profit rise pushes big bank profits up 20% to almost $10B this quarter

cbc news - Tue, 05/30/2017 - 08:48

Scotiabank boosted its second-quarter net income by 30 per cent to $2.06 billion, in a period that saw all of the country's biggest banks shrug off concerns about high house prices and overstretched borrowers.

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WestJet cuts back on London flights to try to curb delays and cancellations

cbc news - Tue, 05/30/2017 - 05:00

As the summer flying season starts again, WestJet tries to figure out how to resolve the mechanical glitches with its aging 767s.

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Health Canada investigating 2 complaints of babies burned by Banana Boat sunscreen

cbc news - Tue, 05/30/2017 - 05:00

Health Canada is investigating two cases where mothers reported their babies received second-degree burns after using Banana Boat sunscreen for children. There have been similar complaints in Australia.

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Could medical marijuana be your next employee health benefit?

cbc news - Tue, 05/30/2017 - 05:00

Large Canadian companies with self-funded employee benefit plans are seriously considering covering medical cannabis for their workers, according to a benefits industry insider.

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