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Updated: 36 min 50 sec ago

New TD centre to create up to 575 jobs in Moncton over 6 years

Wed, 05/24/2017 - 14:44

The Toronto-Dominion Bank expects to create up to 575 full-time jobs in Moncton over six years when it opens a business services centre in 2019 with up to $9 million in help from the provincial government.

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Graco recalls My Ride 65 car seats in Canada for restraint defect

Wed, 05/24/2017 - 13:54

Graco's Canadian division is recalling 1,393 car seats with potentially defective harness restraints.

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Lavazza Coffee buys 80% stake in Canada's Kicking Horse

Wed, 05/24/2017 - 13:39

Italian coffee conglomerate Lavazza has bought an 80 per cent stake in B.C.-based Kicking Horse Coffee in a deal that values the company at $215 million.

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OPEC nearing deal to extend oil output cut to March 2018

Wed, 05/24/2017 - 13:37

OPEC and non-member oil producers moved closer on Wednesday to clinching a deal on extending output cuts by nine months to clear a global stocks overhang and prop up the price of crude.

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Uber stiffed New York City drivers by millions of dollars

Wed, 05/24/2017 - 11:57

Uber has admitted to underpaying its New York City drivers tens of millions of dollars for the past 2 1/2 years, and says it will refund affected drivers.

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Procter & Gamble to close Brockville, Ont. plant

Wed, 05/24/2017 - 11:49

The city of Brockville, Ont., is losing its largest industrial employer, a "significant" part of its economy and nearly 500 well-paid manufacturing positions, said Mayor David Henderson, as Procter & Gamble announced today the closure of the plant.

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Moody's cuts China credit rating over rising debt

Wed, 05/24/2017 - 10:43

The Moody's ratings agency on Wednesday cut China's credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by communist leaders as they overhaul a slowing economy.

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'The Bank of Canada is not spooked' : Why the central bank is holding rates steady

Wed, 05/24/2017 - 10:26

The Bank of Canada keeps its benchmark interest rate steady , but signals that could change once the weak U.S. economy starts to rebound as expected through the latter part of the year.

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Ottawa offers $950 million for 'superclusters' to create jobs

Wed, 05/24/2017 - 10:09

The federal government launched a $950 million program to fund 'superclusters' of high-tech industries on Wednesday morning.

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BMO hikes dividend as profit rises 28%

Wed, 05/24/2017 - 08:37

The Bank of Montreal had $1.25 billion of net income in its second quarter.

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Bitcoin 'mania' grows, as virtual currency passes $2,000 US mark

Wed, 05/24/2017 - 05:00

The value of bitcoin, the decentralized digital currency with global name recognition, has surged past $2,000 US.

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Toronto tech firms seeing more interest from U.S. job seekers — and not just because of Trump

Wed, 05/24/2017 - 05:00

Technology leaders say Toronto's growing momentum is a chance to 'reverse the brain drain and prevent it altogether' by attracting and retaining top talent.

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Toronto stock index climbs on banks, industrials

Tue, 05/23/2017 - 16:52

Canada's main stock index chalked up a moderate gain today as financial stocks got a boost ahead of Canadian bank earnings this week.

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Some diesel Dodge Ram pickups and Jeep Grand Cherokees cheat emissions tests, U.S. says

Tue, 05/23/2017 - 14:48

Some of Fiat Chrysler's diesel pickup trucks and Jeep SUVs cheat on emissions tests similar to how Volkswagen engines did, the U.S. Justice Department alleges in a lawsuit launched Tuesday.

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OPEC set to prolong oil output cuts by nine months

Tue, 05/23/2017 - 14:08

OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

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In Bombardier fight, Boeing sees ghost of Airbus ascent

Tue, 05/23/2017 - 12:09

Decades after Boeing failed to prevent European upstart Airbus gaining momentum with early victories in the United States, people familiar with the company say the strategic importance of defending its core passenger jet business against Bombardier outweighs a diplomatic storm.

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1st Trump budget chops food stamps, Medicaid while boosting defense & infrastructure spending

Tue, 05/23/2017 - 10:16

President Donald Trump Tuesday is unveiling a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government's books over the next decade.

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A 10% mortgage hike would sink almost three quarters of homeowners, Manulife says

Tue, 05/23/2017 - 08:53

Nearly three quarters of Canadian homeowners say they would have difficulty paying their mortgage if their payments were to increase by more than 10 per cent, says a new survey by Manulife Bank.

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No desk of your own: The office plan of the future?

Tue, 05/23/2017 - 05:00

A growing number of Canadian companies believe it’s time to overhaul the old office layout where cubicles, offices and meeting rooms are the only options. The new buzzwords are flexibility and choice.

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Is your condo board above board? Tips for evaluating condo governance

Tue, 05/23/2017 - 05:00

If you're wondering whether your condo board is operating in a trustworthy manner — or if you simply want to get a better grip on how your condo works — here are a few tips from experts in the field.

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