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Toyota, Mazda announce $1.6B joint venture in U.S.

cbc news - Fri, 08/04/2017 - 07:39

Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. plan to spend $1.6 billion US to set up a joint-venture auto manufacturing plant in the U.S., creating up to 4,000 jobs.

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Syncrude charged in deaths of 31 great blue herons at oilsands mine

cbc news - Thu, 08/03/2017 - 17:09

The Alberta Energy Regulator has charged Syncrude Canada in the deaths of 31 great blue herons discovered at a sump at the Mildred Lake mine north of Fort McMurray.

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Smart beta ETFs look to improve upon plain-vanilla index funds

cbc news - Thu, 08/03/2017 - 15:00

Smart beta ETFs are gaining ground on Index-tracking ETFs by adding criteria such as volatility, valuation, quality and size to limit the stocks held in the fund.

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IT researcher who helped stop WannaCry charged for alleged role behind other malware

cbc news - Thu, 08/03/2017 - 14:16

The IT researcher who helped stop the spread of the WannaCry malware earlier this year has been indicted by the FBI for his alleged role in creating and spreading an unrelated piece of malicious software between 2014 and 2015.

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Keystone XL survived politics but economics could kill it

cbc news - Thu, 08/03/2017 - 11:38

The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics.

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Aldo buys shoe and accessories business Camuto Group

cbc news - Thu, 08/03/2017 - 10:34

Canadian shoe company Aldo has agreed to purchase the footwear and accessories business Camuto Group for an undisclosed sum.

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BCE profit slips to $762M despite higher revenue

cbc news - Thu, 08/03/2017 - 09:32

BCE Inc. saw its second-quarter profit slip compared with a year ago while revenue was boosted by its acquisition of Manitoba Telecom Services Inc. earlier this year.

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Home Capital swings to $111M loss in first quarter since Buffett buy-in

cbc news - Thu, 08/03/2017 - 09:01

Home Capital Group, the alternative mortgage lender that was on the brink of collapse earlier this year, has reported a loss of $111.1 million in its latest quarter compared with a profit of $66.3 million a year ago.

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Buyer who walked away from real estate deal ordered to pay $360K

cbc news - Thu, 08/03/2017 - 08:00

Would-be buyer ordered to pay the difference between the price he walked out on and what the house eventually sold for, with realtor blaming cooler market following foreign buyers' tax.

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Toronto home sales drop 40% compared with a year ago

cbc news - Thu, 08/03/2017 - 07:24

The Toronto Real Estate Board says home sales tanked 40.4 per cent last month compared with July 2016.

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'I'm devastated': Sears Hometown store owners say they're being forced out with no compensation

cbc news - Thu, 08/03/2017 - 05:00

Owners of five of the ill-fated Sears Hometown stores say they didn't want to close and now plan to fight for the compensation they claims Sears owes theme.

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July job gains expected to be slight after strong May, June

cbc news - Thu, 08/03/2017 - 05:00

Canadian employment growth, which has been on a torrid pace with about 100,000 jobs added over May and June, is expected to show a pronounced slowdown when figures for July are released Friday.

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New Chinese baby formula plant to buy Canadian milk - but at what price?

cbc news - Thu, 08/03/2017 - 05:00

A $225-million investment from a leading Chinese dairy processor is set to launch Canada back into the export game at a time when several of its major competitors are threatening a trade challenge over dairy prices.

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Transportation agency demands answers after stranded airline passengers call 911

cbc news - Wed, 08/02/2017 - 17:56

The Canadian Transportation Agency is demanding Air Transat explain why passengers on two of its planes diverted to Ottawa on Monday ended up being stranded inside the aircraft for hours — long enough for a pair of flyers to call 911.

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Tesla's quarterly revenue beats estimates

cbc news - Wed, 08/02/2017 - 16:58

Electric-car maker Tesla Inc reported better-than-expected quarterly revenue and backed its delivery guidance for the second half of the year.

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Oilsands icon Rick George dies at 67

cbc news - Wed, 08/02/2017 - 14:34

Rick George, who transformed Suncor into an oilsands heavyweight, has died of acute myeloid leukemia at the age of 67.

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Cineplex reports lower profit and lower attendance

cbc news - Wed, 08/02/2017 - 11:47

Shares of Cineplex Inc. fell Wednesday after the company reported a drop in second-quarter profit compared with a year ago as fewer people filled its theatres.

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