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Home Capital says founder Gerald Soloway to leave board, CFO to change role

cbc news - Mon, 04/24/2017 - 11:34

Home Capital Group Inc. said Monday that two people named in an Ontario Securities Commission action against the company will be moving out of their roles.

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After 4 straight gains, Canadian wholesale trade ticks down to $58.9B in February

cbc news - Mon, 04/24/2017 - 11:15

Wholesale trade between Canadian businesses inched down by 0.2 per cent to $58.9 billion in February, a step back after four straight months of gains.

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Transaction declined: The sad saga of North Korea's ATMs

cbc news - Mon, 04/24/2017 - 08:59

New automated teller machines at Pyongyang's Sunan International Airport don't dispense North Korean currency. Employees of Ryugyong Commercial Bank blame Chinese sanctions.

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Financial markets higher after French centrist Macron comes out on top

cbc news - Mon, 04/24/2017 - 08:44

U.S. stocks joined a worldwide rally Monday morning after election results in France over the weekend raised expectations that the European Union and euro currency will remain intact.

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Taxpayers getting a 'nudge' from Canada Revenue Agency

cbc news - Mon, 04/24/2017 - 07:00

The Canada Revenue Agency says it's begun using carefully crafted messages as a way of increasing the likelihood that people who owe taxes will pay up.

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120 investors likely lost $9M in syndicated mortgages tied to convicted fraudster

cbc news - Mon, 04/24/2017 - 05:00

More than 120 people from the Greater Toronto Area's Chinese community have likely lost nearly $9 million in syndicated mortgage investments solicited by someone they trusted and who then loaned the money to a convicted fraudster, a CBC News investigation has found.

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Beware unintended consequences as governments meddle in real estate: Don Pittis

cbc news - Mon, 04/24/2017 - 05:00

When governments try to tame unruly markets, there are always unintended consequences.

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Softwood lumber decision Tuesday is Trump's next chance to hammer Canada

cbc news - Mon, 04/24/2017 - 05:00

Donald Trump's attack on Canada's softwood lumber industry last week was pretty vague. But this trade dispute is about to get very specific: the U.S. Department of Commerce will release its decision Tuesday on potentially damaging countervailing duties on Canadian imports.

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Lexin Resources and the dark side of Alberta's downturn

cbc news - Mon, 04/24/2017 - 05:00

The story of Lexin Resources is a cautionary tale for Alberta. A small company, a big mess and questions about whether Albertans were put at risk.

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Jimmy Choo is on the market

cbc news - Mon, 04/24/2017 - 04:07

British luxury retailer Jimmy Choo is seeking offers for the company as part of a review of its strategic options to maximize shareholder value, it said on Monday.

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Real estate reality check: CBC's Marketplace consumer cheat sheet

cbc news - Sun, 04/23/2017 - 09:00

Miss something this week? Here's the consumer news you need to know.

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Despite special regulations, edible entrepreneurs hope to take bite of Canada's marijuana market

cbc news - Sun, 04/23/2017 - 05:00

Evidence from other legal jurisdictions suggests marijuana-infused foods could be hugely popular once Canada legalizes marijuana, but the federal government says it needs extra time to develop special regulations for edibles before they can be legally sold.

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'Vital for tenants' or 'textbook' bad policy: How rent control works in NYC

cbc news - Sun, 04/23/2017 - 05:00

Ontario's provincial government announced this week its plans to expand rent control. But in comparable places like New York, experts offer differing views on the positive or negative impact such regulations have had on the housing market.

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Bank of Canada governor 'happy' to see plan for GTA housing market

cbc news - Sat, 04/22/2017 - 20:28

Measures to cool the housing market in the Greater Toronto Area have received a warm response from Canada's central banker, who said Saturday it should have some effect on runaway housing prices.

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'We don't blame you': Wisconsin farmers on Trump's blast at Canada's dairy industry

cbc news - Sat, 04/22/2017 - 13:02

In the wake of Donald Trump's comments about Wisconsin dairy farmers being treated unfairly by Canada, people in the dairy industry say the problem is more about overproduction of milk in the state.

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American Airlines worker challenges passenger to 'hit me' in fight over stroller

cbc news - Sat, 04/22/2017 - 10:50

American Airlines says it has suspended an employee after video emerged of a heated exchange with a passenger who came to the defence of a crying woman holding a baby.

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'I'm shaking my head': Hot Toronto housing market driving prices up in small town Ontario

cbc news - Sat, 04/22/2017 - 05:00

Blame Toronto. The city's hot housing market is spilling over into some unexpected Ontario towns, bringing higher home prices and unprecedented bidding wars.

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