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Updated: 1 hour 33 min ago

$500K hardship fund for former Sears Canada employees approved by judge

Fri, 08/18/2017 - 16:11

A judge has approved a hardship fund for former Sears Canada employees that will come from a pool of money set aside to pay bonuses for key employees.

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Elevated testosterone linked to 'reckless' financial trading, study finds

Fri, 08/18/2017 - 15:06

A stock market study conducted by a London, Ont., university has found that participants who were given a topical gel of testosterone made higher bids, thinking they could sell at even higher prices, than those who received a placebo treatment.

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Bombardier employee in Swedish unit charged with bribery

Fri, 08/18/2017 - 14:28

A Russian employee in the Swedish branch of Canadian plane and train maker Bombardier has been charged with aggravated bribery and faces up to six years in jail and deportation if found guilty.

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TMX working with Canadian regulators on how to deal with U.S.-linked pot stocks

Fri, 08/18/2017 - 11:23

TMX Group Ltd. is seeking guidance from Canadian securities regulators as it weighs how to deal with marijuana companies listed in Canada with interests in the United States where the business remains federally illegal.

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Oceanex says cost of ships slowing down for whales is $100K a week

Fri, 08/18/2017 - 11:06

The federal government reduced speeds in the Gulf of St. Lawrence to protect the unusually high number of endangered right whales in the area, following recent deaths.

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Demand eclipses supply for protective glasses for safe solar eclipse viewing

Fri, 08/18/2017 - 10:10

Andy Kahrmann, spokesman for Vancouver-based retailer London Drugs, said the chain sold thousands of pairs and B.C.'s Lower Mainland and Saskatchewan were the first to sell out.

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Calgary's millennials own more real estate than those elsewhere in Canada, survey suggests

Fri, 08/18/2017 - 09:00

Calgary's millennial generation owns more real estate than millennials anywhere else in Canada, according to a new real estate survey done by Royal Lepage.

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Canada's annual inflation rate rises to 1.2% in July

Fri, 08/18/2017 - 08:57

Canada's annualized inflation rate in July was 1.2 per cent, up from 1 per cent in June, largely driven by higher prices for gasoline.

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Financial markets reflect risk aversion after Spain attacks

Fri, 08/18/2017 - 08:16

An aversion to risk was evident in financial markets Friday after the attacks in Spain. Stock markets around the world were under pressure while traditional safe haven assets, such as gold, were in demand.

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Voisey's Bay underground mine on hold

Fri, 08/18/2017 - 07:58

Plans to extend the life of the Voisey’s Bay nickel mine in northern Labrador by moving operations underground, already once delayed, are now on hold.

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Western farmers worry they'll pay the price of saving supply management under NAFTA

Fri, 08/18/2017 - 05:00

Western grain farmers worry that Ottawa will protect supply management in dairy, eggs and poultry at their expense.

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S&P 500 posts biggest decline in 3 months on Washington worries

Thu, 08/17/2017 - 19:10

U.S stocks sold off on Thursday with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration's ability to push through its economic agenda rattled investors.

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Walmart took bigger bite out of Canadian grocery industry last quarter, earnings show

Thu, 08/17/2017 - 16:03

Walmart says its Canadian stores gained market share against rivals during its fiscal second quarter.

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EpiPen settlement reached in U.S. for $465M

Thu, 08/17/2017 - 13:39

Mylan finalizes settlement with the U.S. Justice Department, resolving claims it overcharged the government for its EpiPen.

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$800M 8-year maintenance contract awarded for new navy ships

Thu, 08/17/2017 - 10:53

The federal government has awarded an $800-million contract to perform future maintenance and repair work on the Royal Canadian Navy's new vessels to the Canadian subsidiary of a French multinational corporation.

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Manufacturing sales fall in June after 3 straight monthly gains

Thu, 08/17/2017 - 09:23

Statistics Canada says manufacturing sales fell in June, following three consecutive months of gains.

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Where does the CIBC-PC Financial breakup leave consumers?

Thu, 08/17/2017 - 05:00

CIBC and PC Financial are breaking up a 20-year banking marriage and divvying up the assets — news one financial expert says isn't necessarily a good or bad thing for consumers.

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'A broken system': Why workers are fighting mandatory mail-order drug plans

Thu, 08/17/2017 - 05:00

Denying workers a choice in where they can buy their prescription drugs can save companies money, but many workers say the choice is simply too important.

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Sears Canada chairman steps down so he can bid to buy retailer

Wed, 08/16/2017 - 16:07

The executive chairman of Sears Canada has stepped down in order to head up a bid to buy the company.

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Donald Trump disbands business and manufacturing councils as CEOs begin to jump ship

Wed, 08/16/2017 - 13:47

U.S. President Donald Trump announced he is disbanding two advisory panels full of business executives after a number of high-profile CEOs either quit the panels or criticized his response to last weekend's tragic events in Charlottesville, Va.

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