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Pot stocks sell off in wake of release of federal legislation

cbc news - Thu, 04/13/2017 - 16:10

Shares of marijuana-related companies sold off Thursday amid industry uncertainty in the wake of the release of the federal government's legislation aimed at legalizing recreational marijuana.

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U.S. to reveal on April 25 if duties will be slapped on Canadian softwood lumber

cbc news - Thu, 04/13/2017 - 14:28

The U.S. Commerce Department says it will announce on April 25 whether it will impose duties on Canadian softwood, with any preliminary duties expected to be applied about a week later.

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Wells Fargo earnings flat in wake of sales practice scandal

cbc news - Thu, 04/13/2017 - 13:35

Wells Fargo said Thursday that new checking account openings were down 35 per cent in March from the same month a year ago, while new credit card applications were down 42 per cent.

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Bill Morneau to meet John Tory, Charles Sousa on GTA housing prices

cbc news - Thu, 04/13/2017 - 12:37

The average price of a detached home in the GTA is up 33.4% from March last year.

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New Rogers chief executive Joe Natale joining company sooner than expected

cbc news - Thu, 04/13/2017 - 11:34

Rogers Communications has signed a deal to allow former Telus CEO Joe Natale join the company sooner than expected.

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Lawyers for ejected United Airlines passenger David Dao to speak today

cbc news - Thu, 04/13/2017 - 10:47

Lawyers for the man who was forcibly ejected from a United Airlines flight last week in the U.S. will speak today in front of television cameras for the first time since the incident.

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Loblaws to open 30 new stores in annual expansion

cbc news - Thu, 04/13/2017 - 08:38

Grocery giant Loblaw Companies Ltd. plans to spend $1.3 billion renovating 500 stores and opening 30 new ones this year, in an expansion plan that will include more fresh food offering at its Shoppers Drug Mart unit.

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Halifax's Chronicle Herald buys all Atlantic Canadian Transcontinental papers

cbc news - Thu, 04/13/2017 - 08:15

The owner of a Nova Scotia newspaper whose unionized journalists have been on strike for more than a year announced Thursday it is buying more than two dozen Atlantic Canadian papers owned by Transcontinental Inc.

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First Nations aim to capitalize on economic opportunity of legal pot industry

cbc news - Thu, 04/13/2017 - 07:00

First Nations want to be among those cashing in on what could become a multibillion-dollar industry if the federal government follows through on making marijuana a legal recreational drug in Canada.

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Stephen Poloz's hints of optimism restrained by Toronto houses, Trump and investment

cbc news - Thu, 04/13/2017 - 05:00

The Bank of Canada is a bit more optimistic, according to the latest Monetary Policy Report. But governor Stephen Poloz doesn't want you to forget the downside potential.

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Trump says China won't be labelled a currency manipulator

cbc news - Wed, 04/12/2017 - 16:20

Backing away from a campaign pledge, President Donald Trump says his administration will not label China a currency manipulator in a report due this week, though he does feel the U.S. dollar "is getting too strong."

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Gas prices jump across country due to weak loonie, warmer weather

cbc news - Wed, 04/12/2017 - 13:48

Spring is here, the mercury is rising — and so are gas prices. In some parts of the country, prices have jumped almost 10 cents a litre, literally overnight.

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Shaw Communications shares jump on better-than-expected subscriber numbers

cbc news - Wed, 04/12/2017 - 13:07

Shaw Communications Inc. added more wireless subscribers and lost fewer TV, Internet and landline customers than expected in its most recent quarter, sending its shares higher.

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Charging Bull sculptor accuses NYC of violating his rights with Fearless Girl

cbc news - Wed, 04/12/2017 - 10:10

The sculptor of Wall Street's Charging Bull statue is accusing New York City of violating his legal rights by allowing the Fearless Girl statue to be installed facing the bronze beast, without his permission.

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Bank of Canada leaves key interest rate steady at 0.5%

cbc news - Wed, 04/12/2017 - 09:36

Bank of Canada governor Stephen Poloz will hold a news conference this morning after the central bank left a benchmark interest rate steady at 0.5 per cent. You can watch Poloz speak live at 11:15 a.m. ET.

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BlackBerry awarded $815M in arbitration with Qualcomm over royalty overpayments

cbc news - Wed, 04/12/2017 - 09:07

BlackBerry Ltd. says it has been awarded $814.9 million US in a binding interim arbitration decision in a dispute with Qualcomm Inc. over royalty overpayments.

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'No one should ever be mistreated this way,' apologetic United CEO says in TV interview

cbc news - Wed, 04/12/2017 - 08:16

United Airlines CEO Oscar Munoz said the company would not use law enforcement officers to remove overbooked passengers from aircraft in the wake of a video that showed a forcible removal of a Chicago passenger on Sunday.

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Why airlines overbook flights and what bumped passengers can do about it

cbc news - Wed, 04/12/2017 - 05:00

The viral video of a man being dragged off an overbooked United Airlines flight raises questions about overbooking, the rights of passengers and what they can do to avoid being bumped.

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