test news

Takata adds 2.7 million vehicle to airbag inflator recall

cbc news - Tue, 07/11/2017 - 14:10

Takata is adding 2.7 million vehicles from Ford, Nissan and Mazda to the long list of those being recalled to replace potentially dangerous airbag inflators.

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Manulife in settlement deal with OSC after clients wrongly paid excess fees

cbc news - Tue, 07/11/2017 - 13:31

The Ontario Securities Commission says it has reached a preliminary settlement deal with Manulife Securities Inc. after a number of clients were inadvertently charged excessive investment fees.

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Unsustainable oil services demand to hit U.S. shale boom: Halliburton

cbc news - Tue, 07/11/2017 - 09:42

The U.S. shale drilling boom is likely to ease next year as demand on the industry's service sector is unsustainable, Halliburton's business development head said on Tuesday.

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Wildfires in British Columbia Interior begin to exact economic toll

cbc news - Tue, 07/11/2017 - 08:43

The wildfires ripping through British Columbia's Interior are beginning to exact an economic toll, forcing companies in the forestry and mining sectors to scale back or suspend operations altogether.

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Modest rate hikes will have little impact on sales of high-end homes: Sotheby's

cbc news - Tue, 07/11/2017 - 08:18

The CEO of Sotheby's International Realty Canada says a modest increase in the overnight lending rate will probably have very little impact on the Canadian housing market, particularly in the high-end segment.

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Poloz may tap the interest-rate brakes as a promise and a warning: Don Pittis

cbc news - Tue, 07/11/2017 - 05:00

An increase in Canadian interest rates would come as a warning to those who think borrowing has no consequences.

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Canadian tech companies say they value diversity — but what are they doing about it?

cbc news - Tue, 07/11/2017 - 05:00

We asked 31 Canadian technology companies how they measure the diversity of their workforce but got few details in response - even though the sector says it is making strides to be more inclusive of women and minorities.

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Plenty of sleep tech on the market, but you still may not get a good night's rest

cbc news - Mon, 07/10/2017 - 15:26

Pillows that track your snoozing patterns? A bed that adjusts based on how much you twist and turn? Companies are adding more technology into their products, hoping to lure customers craving a better night's sleep.

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'In over their head': Looming interest rate hike has debt-burdened Canadian homeowners nervous, survey finds

cbc news - Mon, 07/10/2017 - 14:44

Nearly half of Canadian homeowners — and six in 10 Albertans — are concerned about the impact that rising interest rates could have on their finances, a new survey suggests.

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Mt Gox CEO facing trial in Japan as bitcoin gains traction

cbc news - Mon, 07/10/2017 - 13:35

The head of the failed Japan-based bitcoin exchange Mt. Gox is due to appear in Tokyo District Court on Tuesday to face embezzlement charges.

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Abercrombie & Fitch takes itself off the block

cbc news - Mon, 07/10/2017 - 11:52

Abercrombie & Fitch is no longer up for sale, a development that isn't sitting well with investors hoping for white knight to rescue the struggling teen retailer.

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U.S. shareholders may be eyeing deal with Sears Canada

cbc news - Mon, 07/10/2017 - 10:41

The billionaire U.S. hedge fund manager who controls a large stake in Sears Canada may be working with another big shareholder on a possible deal involving the retailer, which is currently in creditor protection as it closes stores and restructures.

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Cogeco to expand in eastern U.S. with $1.4 billion US MetroCast purchase

cbc news - Mon, 07/10/2017 - 08:36

Cogeco Communications Inc. is preparing to expand in the eastern United States by purchasing the MetroCast cable systems business in a deal valued at $1.4 billion US

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Ontario wants your input on a $15 minimum wage

cbc news - Mon, 07/10/2017 - 05:42

Ontario's bid to raise the minimum wage to $15 an hour — a move that is feared by businesses but has the support of some prominent economists — is being put to the public this week.

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It's not just mortgages: How a rate hike this week will impact your other debt

cbc news - Mon, 07/10/2017 - 05:00

With the Bank of Canada set to raise lending rates, mortgage holders have been warned to expect more expensive debt than they've become used to. But other forms of debt are even more vulnerable to the tiny rate hikes to come.

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Tesla made electric cars cool but may not reap long-term benefit: Don Pittis

cbc news - Mon, 07/10/2017 - 05:00

Bright ideas like the coiled fluorescent light bulbs are soon tossed aside. Could Tesla go the same way?

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Tesla provides first look at cheaper Model 3 sedan

cbc news - Sun, 07/09/2017 - 14:58

Electric automaker Tesla has produced its first Model 3 sedan, a highly anticipated car because it carries a relatively low sticker price.

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