The Bank of Canada is considering the merits of establishing a digital currency as interest in cryptocurrencies like Bitcoin reaches a fevered pitch.
Shares of Enbridge Inc. popped higher in early trading after the company announced plans to raise its dividend, issue shares and sell off at least $3 billion in assets next year.
Customers have increasingly moved away from physical bank branches towards online and mobile apps, but banking has yet to reach its 'Uberization'" moment, one that breaks down traditional models to usher in new innovations, as Uber has done for the taxi industry.
Oil prices rally as oil ministers at a meeting of the OPEC oil cartel in Vienna are uncharacteristically united about the prospect of continuing production cuts that have helped push prices up more than 20 per cent this year.
CIBC is reporting net income of $1.16 billion in its fourth quarter, up 25 per cent from $931 million during the same period last year, on strong performances across its divisions.
TD Bank earned $2.71 billion in its latest quarter, up from $2.30 billion a year ago, boosted by its Canadian and U.S. retail banking business.
Seasonal work teaches valuable skills and may help push up wages. But the OECD and Bank of Canada worry surging jobs demand could end too soon.
New technology and a stable price of oil have combined to make Alberta's Duvernay Formation one of the hottest energy plays around, attracting billions in investment and spurring a comeback for the province's beleaguered energy sector.
Thousands of December flights on American Airlines do not yet have pilots scheduled to work because of a system scheduling error, the carrier's pilots union said as it gears up for one of the busiest travel periods of the year.
CanniMed Therapeutics says it has adopted a shareholder rights plan in a bid to defend itself against a hostile takeover offer by Aurora Cannabis, with the company saying it will allows its shareholders to vote on its own purchase of Newstrike Resources.
Bitcoin zoomed past $11,000 US to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 US in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion.
With crude prices at two-year highs, OPEC and allied oil producing-nations appear ready to agree to extend their output cuts at a meeting Thursday after Iraq's energy minister said there was broad agreement for such a move.
Profit at the Royal Bank of Canada increased by 12 per cent in its fourth quarter, enough to push its annual net income to an all-time record of $11.47 billion.
Federal Reserve Chair Janet Yellen said Wednesday that the U.S. economy has gained strength this year and that will keep the Fed on track to gradually increasing its key policy rate.
The national rental vacancy rate has taken a dive and rental horror stories are growing, forcing renters to consider whether the payoffs of living in a big city are worth the cost, both financially and in terms of quality of life.
Equifax Canada has revised the number of Canadians caught up in a massive data breach earlier this year, saying an investigation has found that more than 19,000 were affected.