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Netflix keeps adding members, but rising costs and risks bring new challenges

cbc news - Sat, 08/12/2017 - 05:00

Netflix's torrid growth story has brought new problems, as the streaming company faces challengers eager to knock it off its perch.

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Stock market fears subside as loonie strengthens against greenback

cbc news - Fri, 08/11/2017 - 16:59

There were fewer signs of investor angst in the markets Friday despite the intensifying standoff between the U.S. and North Korea, while the loonie rebounded after more than a week of losses.

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Feds to review whether credit unions can use banking terms following outcry

cbc news - Fri, 08/11/2017 - 16:35

Ottawa says it is reviewing whether credit unions should be allowed to use the terms "banks," "banker" and "banking" after the federal regulator that oversees financial institutions ordered them not to.

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SoundCloud gets much-needed investment injection

cbc news - Fri, 08/11/2017 - 14:42

Reports say that music and audio streaming service SoundCloud will receive $170 million US, following recent reports raising concerns about the company's financial health.

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Trump's numbers conundrum: How strong economic figures can add up to problems later

cbc news - Fri, 08/11/2017 - 13:43

The U.S. President is fond of gloating about how strong the U.S. economy is doing. But what if that changes — for reasons beyond his control?

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Modest rise in U.S. consumer prices may delay Fed rate hike

cbc news - Fri, 08/11/2017 - 12:28

U.S. consumer prices rose slightly in July as higher food costs were partly offset by falling prices for a range of other goods, suggesting benign inflation that could persuade a cautious Federal Reserve to delay raising interest rates until December.

Categories: test news

Telus reports strong wireless growth, but Q2 profit down

cbc news - Fri, 08/11/2017 - 10:49

Telus Corp. is reporting strong performance in its key wireless division during the second quarter, including customer additions and higher average revenue per user.

Categories: test news

Canada's national pension plan now owns $326B, up almost $10B in past 3 months

cbc news - Fri, 08/11/2017 - 10:20

CPP performance is well ahead of what chief actuary of Canada says will be needed to pay benefits for decades.

Categories: test news

Is your pension safe? It may depend on what happens to your company

cbc news - Fri, 08/11/2017 - 05:00

A pension is not always a sure thing. Currently, workers at both Sears Canada and Northstar Aerospace are facing deep concerns about their pension prospects because of problems plaguing their employers.

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Uber's head of global operations resigns

cbc news - Thu, 08/10/2017 - 16:17

Uber's head of global operations, Ryan Graves, is the latest executive to step down at the troubled ride-hailing company, saying he will depart in mid-September.

Categories: test news

CUPE uses court ruling to push feds to tighten airline passenger safety rules

cbc news - Thu, 08/10/2017 - 15:57

A recent court decision should come as a warning to the federal government to stop playing fast and loose with airline passenger safety rules, says the head of a union that represents thousands of flight attendants in Canada.

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Aimia in talks with new Aeroplan partners as it braces for Air Canada's departure

cbc news - Thu, 08/10/2017 - 15:03

Loyalty program operator Aimia Inc. swung to a loss of $25.1 million in its latest quarter as it said it's in talks with a number of potential partners to replace its departing Aeroplan partner Air Canada.

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Nygard ignoring social responsibility to Cambodian garment workers: union

cbc news - Thu, 08/10/2017 - 14:46

Winnipeg-based Nygard International has a responsibility to help pay severance to garment workers who abruptly lost their jobs when the factory they worked at in Cambodia was shut down last year, Workers United says.

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Watch out YouTube? Facebook launches Watch video section

cbc news - Thu, 08/10/2017 - 14:20

Facebook has started rolling out a new section dedicated to live and recorded video.

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Halifax Chronicle Herald workers ratify deal to end almost 19-month strike

cbc news - Thu, 08/10/2017 - 13:13

After nearly 19 months on the picket line, unionized newsroom staff of Nova Scotia's oldest independently owned newspaper voted Thursday afternoon to ratify a new contract that will see half its members laid off and a five per cent wage cut across the board.

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CI Financial buying Sentry Investments for $780M

cbc news - Thu, 08/10/2017 - 13:08

CI Financial Corp. has agreed to buy Sentry Investments Corp. in a friendly deal worth about $780 million, adding to its portfolio of mutual funds.

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Unifor members occupy Milton plant that makes Boeing parts

cbc news - Thu, 08/10/2017 - 12:42

Unifor members occupy the Northstar Aerospace plant in Milton, Ont., halting production in a protest over worker pensions as the company prepares to close within two months.

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Canadian lender Callidus Capital disputes report of whistleblowers alleging fraud

cbc news - Thu, 08/10/2017 - 12:37

Alternative lender Callidus Capital Corp. is forcefully denying a media report that regulators and police are probing the company's business after whistleblowers came forward to allege the company is engaged in fraud.

Categories: test news