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Bitcoin price passes $13,000 US

cbc news - Wed, 12/06/2017 - 15:33

The price of a single bitcoin passed the $13,000 US level for the first time on Wednesday, a gain of $1,000 in less than a day.

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What happens to archives of community newspapers shut down in the Torstar-Postmedia deal?

cbc news - Wed, 12/06/2017 - 13:09

What happens to the archives of newspapers shut down by Postmedia and Torstar in the wake of a community paper swap at the end of November?

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Dollarama profit up 18% on surge in sales

cbc news - Wed, 12/06/2017 - 12:49

Dollarama Inc. says it earned $130.1 million in its third quarter, an 18 per cent improvement from the same quarter last year, as sales volume at the discount chain surged.

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Alberta government lays out new incentives, 'compliance obligations' for large greenhouse gas emitters

cbc news - Wed, 12/06/2017 - 12:10

The Alberta government announced a new framework of incentives, regulations and levies that it says will result in the province reducing its greenhouse gas emissions by 50 megatons by 2030.

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Britain admits it hasn't a clue what Brexit will do to economy

cbc news - Wed, 12/06/2017 - 11:26

The U.K. official shepherding Britain's departure from the European Union acknowledged Wednesday that the government has made no formal assessments of the economic impact of leaving the 28-nation bloc.

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HBC records $243M loss as comparable store sales fall

cbc news - Wed, 12/06/2017 - 10:43

Hudson's Bay Co. lost $243 million in its latest quarter as overall revenue and comparable store sales fell compared with a year ago.

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After 2 hikes this year, Bank of Canada stands pat and keeps interest rate steady at 1%

cbc news - Wed, 12/06/2017 - 10:10

The Bank of Canada has decided to keep its benchmark lending rate steady at one per cent, pausing after two small hikes earlier this year.

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WestJet, Delta agree to expand partnership with co-ordinated schedules

cbc news - Wed, 12/06/2017 - 09:06

WestJet and Delta Air Lines have agreed to deepen their partnership with a preliminary agreement to form a joint venture.

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Google blocks YouTube on Amazon devices

cbc news - Wed, 12/06/2017 - 08:29

Google is pulling its popular YouTube video service from Amazon's Fire TV and Echo Show devices in an escalating feud that has caught consumers in the crossfire.

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New Brunswick needs alcohol revenue to cover social costs of drinking, Supreme Court told

cbc news - Wed, 12/06/2017 - 06:17

New Brunswick restrictions on the importation of alcohol are not just about generating revenue but also about fulfilling the province's constitutional obligations, a prosecutor representing the province argued before the Supreme Court of Canada on Wednesday.

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Alleged cryptocurrency fraud by Quebec company highlights need for more regulation, experts say

cbc news - Wed, 12/06/2017 - 06:00

Are Canadian regulators ready for the cryptocurrency boom as fraudsters eye the fast-developing market?

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The day after Boeing filed its trade complaint, Australia offered Canada its used fighter jets

cbc news - Wed, 12/06/2017 - 05:00

One day after Boeing filed its formal trade complaint against Montreal-based Bombardier, Australia was knocking at Canada’s door wondering if the Trudeau government was interested in buying used fighter jets, newly released documents show.

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'What buyers and sellers have been looking for': Sold prices for Toronto homes now online after court ruling

cbc news - Wed, 12/06/2017 - 05:00

Some websites already have selling prices posted for Toronto homes after a legal ruling saying the Toronto Real Estate Board has no right to keep sold prices secret. But real estate agencies are being cautious.

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Rogers considering sale of Blue Jays: report

cbc news - Wed, 12/06/2017 - 01:19

Rogers Communications Inc. is reportedly considering the sale of such assets as baseball's Toronto Blue Jays and a stake in media company Cogeco Inc. to free up capital for other investments.

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Ireland makes deal to collect $20B in back taxes from Apple

cbc news - Tue, 12/05/2017 - 17:25

Ireland has struck a deal with Apple to collect up to 13 billion euros ($19.7 billion Cdn) in back taxes and hold it in an escrow account pending an appeal before the European Court of Justice.

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Alberta unveils $1.4B plan to drive innovation, boost energy industry, diversify economy

cbc news - Tue, 12/05/2017 - 16:50

The Alberta government plans to direct nearly $1.4 billion over the next seven years toward innovation in the oil and gas sector with the goal of reducing the carbon-emitting intensity of those industries while developing new ones.

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Laurentian Bank finds 'misrepresentations' in $89M worth of mortgages

cbc news - Tue, 12/05/2017 - 15:35

Laurentian Bank of Canada says it found client misrepresentations in at least $89 million worth of mortgages it sold to another lender earlier this year, and will as a result buy back the loans where it found documentation issues.

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Class action suit by Valeant investors cleared to go to trial

cbc news - Tue, 12/05/2017 - 12:28

A class-action lawsuit brought on behalf of investors against Valeant Pharmaceuticals Inc. will go to trial.

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Ontario to reform auto insurance system to combat fraud, slash rates

cbc news - Tue, 12/05/2017 - 12:01

Ontario has announced significant reforms to the auto insurance industry in a bid to combat fraud and lower premiums, though critics say the plan will only make life more complicated for accident victims.

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Canada's trade deficit narrows by half in October, to $1.5 billion

cbc news - Tue, 12/05/2017 - 10:54

Canada’s trade deficit narrowed in October to $1.5 billion, a big decline after hitting a revised $3.4 billion the previous month, Statistics Canada reported Tuesday.

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