test news

Trump's $4.4T budget would move U.S. deficits sharply higher

cbc news - Mon, 02/12/2018 - 12:45

U.S. President Donald Trump is sending Congress a $4.4-trillion US spending plan that is expected to result in ballooning budget deficits.

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Loonie falls amid market turmoil, but experts see limited downside

cbc news - Mon, 02/12/2018 - 12:29

The plunge in global stock markets over the past week has dragged down the Canadian dollar and oil prices, but some market observers see signs the loonie's fortunes will change this year even as the Canadian dollar continued its slide Monday.

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Tim Hortons sees slow sales for 5th straight quarter amid franchisee dispute

cbc news - Mon, 02/12/2018 - 10:48

Tim Hortons restaurants recorded a fifth consecutive quarter of sluggish sales, while its parent company Restaurant Brands International Inc. outperformed analyst expectations on profit for its fourth quarter.

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Scotiabank in $950M deal to acquire money manager Jarislowsky Fraser

cbc news - Mon, 02/12/2018 - 09:28

Montreal-based investment manager Jarislowsky Fraser, which has more than $40 billion in assets under management, is being acquired by Scotiabank in a deal worth $950 million.

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Suncor boosts stake in Syncrude by $920M

cbc news - Mon, 02/12/2018 - 09:02

Suncor Energy Inc. has increased its stake in the Syncrude joint venture and acquired a stake in the Fenja Development, an offshore project in the Norwegian Sea, in a pair of deals.

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Aecon takeover by Chinese firm delayed for national security review

cbc news - Mon, 02/12/2018 - 08:44

The $1.5-billion takeover of Canadian construction company Aecon Group Inc. by a division of a Chinese state-owned company has been pushed back because the federal government is conducting a national security review of the deal.

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Ontario chooses Shopify to run online cannabis sales

cbc news - Mon, 02/12/2018 - 06:12

​The Ontario government has inked a deal to use Shopify Inc.'s e-commerce platform for cannabis sales online and in stores as part of its plan to be the province's sole distributor of legal recreational marijuana.

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New investors who thought markets only skyrocket learn a useful lesson: Don Pittis

cbc news - Mon, 02/12/2018 - 04:00

As more than one wise commentator has pointed out, the unusual thing about stock markets is not that they have zigged and zagged by a few per cent over the past two weeks. The strange thing was what came before.

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Gender gap shows high-tech sector still stuck in the past — and it could prove costly

cbc news - Mon, 02/12/2018 - 04:00

A new report about Canada's tech sector shines a light on who works in the digital economy. The good news is there are lots of jobs for skilled workers. The bad news? It's still an uphill battle getting women into the tech workforce.

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Against the odds: Why customers often lose in battles with banks

cbc news - Sun, 02/11/2018 - 20:00

The complaints system is stacked against banking customers say consumer advocates, who believe the process is designed to wear people down and that it most often finds in favour of the banks.

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Father convicted in son's meningitis death will not speak at wellness expos after backlash

cbc news - Sun, 02/11/2018 - 04:00

After defending his decision to invite David Stephan to speak at events in Saskatoon, Winnipeg, Calgary and Edmonton, the owner of Health and Wellness Expos of Canada says Stephan will no longer speak at the company's events in Western Canada.

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Sears retirees wait to learn fate of their pensions and wonder where the money went

cbc news - Sun, 02/11/2018 - 04:00

Many Sears Canada retirees blame their underfunded pension plan on revenues they say were squandered on dividend payments. Sears's largest shareholder Eddie Lampert instead points the blame at management.

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When banks lose your money and pot prices: CBC's Marketplace consumer cheat sheet

cbc news - Sun, 02/11/2018 - 04:00

Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need.

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Luxury vehicle sales in Canada still booming but higher interest rates could pose challenge

cbc news - Sat, 02/10/2018 - 04:00

Analysts say a combination of a strong economy with good job growth, affordable financing and more new vehicles on the market has led the luxury segment to outpace sales growth in the overall auto sector.

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Waymo and Uber settle trade secrets dispute, Uber CEO expresses 'regret'

cbc news - Fri, 02/09/2018 - 12:36

Alphabet Inc.'s Waymo self-driving vehicle unit and ride-hailing firm Uber Technologies Inc. settled a bitter legal dispute, allowing Uber's new chief executive to move past one of the company's many public controversies.

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WestJet pilots' union files complaint over recruitment for new low-cost airline

cbc news - Fri, 02/09/2018 - 12:28

The union that represents pilots with WestJet and WestJet Encore says it has filed an unfair labour practice complaint over the airline's recruitment of pilots for Swoop, its new ultra-low-cost carrier slated to begin flying in June.

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U.S. stocks rebound in choppy trading; S&P/TSX composite index still down

cbc news - Fri, 02/09/2018 - 12:11

North American markets were mixed Friday afternoon, as they tried to bounce back from a steep sell-off on Thursday that sent three U.S. benchmark indexes into correction territory.

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UPS, FedEx fall on report Amazon readying delivery service

cbc news - Fri, 02/09/2018 - 11:03

Shares of FedEx and UPS slipped following a media report that Amazon.com is readying its own air delivery service, meaning not only that the companies may see diminished business from a massive client, but that they might have to compete against it.

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