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Updated: 1 hour 18 min ago

Alberta oil inventories fall to lowest levels since 2017, energy data group says

Thu, 08/08/2019 - 10:48

Alberta's oil inventories — so high last year the province instated mandatory production cuts — fell to their lowest levels in nearly two years in July, according to a U.S.-based energy data group.

Celebs, activists boycotting Equinox, SoulCycle over owner's fundraiser for Trump

Thu, 08/08/2019 - 10:27

Celebrities and activists are boycotting Equinox and SoulCycle fitness chains after it was reported their billionaire owner Stephen Ross was planning to host a fundraiser for Donald Trump.

Victoria's Secret owner says disgraced financier Epstein stole $46M from him

Thu, 08/08/2019 - 08:38

The retail titan behind Victoria's Secret says financier Jeffrey Epstein misappropriated more than $46 million of his fortune while managing his personal finances.

Square looks to shake up Canada's checkout payment industry

Thu, 08/08/2019 - 08:23

Square Inc. is introducing a new option at Canadian checkout counters, as the Silicon Valley giant looks to shake up the country's payment space.

Canadian Tire buys all Party City stores in Canada for $175M

Thu, 08/08/2019 - 08:02

Canadian Tire Corp. is diversifying its store offerings with the purchase of 65 Party City stores across Canada for $174.4 million cash, a move the national retailer expects to strengthen its connection with millennial customers.

'It's crazy': Chase Bank forgiving all debt owed by its Canadian credit card customers

Thu, 08/08/2019 - 01:00

American-owned Chase Bank has decided to forgive all outstanding debt owed by customers of its two Canadian credit cards that the bank retired last year. Affected customers can’t believe their luck.

Lyft continues to post losses despite revenue growth

Wed, 08/07/2019 - 13:47

Lyft is reporting strong revenue growth but deep losses in its second quarter, a trend that it has so far been unable to reverse.

Samsung ditches headphone jack after jabs at jackless rivals

Wed, 08/07/2019 - 13:21

Samsung executives have long poked fun at rivals for ditching the headphone jack in smartphones. With the new Galaxy Note 10, the company will now be doing exactly the same thing.

Tech boom creating two-tiered Canadian job market: some cities have them, and some don't, TD Bank says

Wed, 08/07/2019 - 12:23

The latest report from TD Economics shows just how close Canada is from mirroring the regional inequality seen within the U.S. labour market.

Trump blasts Fed 'incompetence' as his trade war roils stock markets again

Wed, 08/07/2019 - 08:05

Donald Trump lashed out at the U.S. central bank on Wednesday, accusing the Federal Reserve's interest rate policy with holding back the economy from winning a trade war he is trying to wage with China.

Ontario woman files suit on behalf of Canadians affected by Capital One data breach

Wed, 08/07/2019 - 07:43

A prominent Ontario personal injury law firm has filed a class action on behalf of Canadians affected by the huge Capital One data breach that was disclosed last week.

Disney earnings miss forecasts as streaming costs rise

Tue, 08/06/2019 - 14:39

Walt Disney Co. reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into the streaming media business it is building to challenge Netflix.

Trade war rhetoric between U.S. and China eases Tuesday as Beijing revalues yuan

Tue, 08/06/2019 - 11:36

Stock markets largely settled down on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in a long-drawn trade war, a day after Wall Street suffered its sharpest one-day percentage drops of the year.

SNC-Lavalin shares fall to lowest level since 2005 as Caisse demands answers

Tue, 08/06/2019 - 09:21

Shares of SNC-Lavalin Inc. plummeted to the lowest level in nearly 15 years Tuesday in reaction to its largest shareholder, the Caisse de depot et placement du Quebec, warning that the embattled engineering firm had to move to emergency mode to improve its project execution.

Not cleared for landing: Spurned Transat bidder trying to block Air Canada takeover

Tue, 08/06/2019 - 07:08

Montreal real estate developer Group Mach is again offering Transat A.T. shareholders $14 per share, this time in an effort to scoop up 19.5 per cent of the airline's shares in order to block its sale to Air Canada.

Toronto area housing sales up 24.3% in July, prices rise due to tighter supply

Tue, 08/06/2019 - 06:25

The Greater Toronto Area's home price index was up 4.4 per cent last month as the supply of properties for sale tightened and the number of sales jumped 24.3 per cent from July last year, the Toronto Real Estate Board reports.

Thousands protest at Turkish gold mine owned by Canadian company

Tue, 08/06/2019 - 06:18

Thousands of Turks including opposition lawmakers staged a peaceful and unusually large protest on the outskirts of a small western town on Monday against what they say will be pollution from a foreign-owned gold mine project.

Newspaper chain GateHouse buying USA Today owner Gannett

Mon, 08/05/2019 - 12:42

Two of the largest newspaper companies in the United States have agreed to combine in the latest deal driven by the industry's struggles with a decline of printed editions. The combined company would have more than 260 daily papers and 300 weeklies.

HSBC CEO John Flint steps down as bank plans to cut 4,000 jobs

Mon, 08/05/2019 - 10:55

Bank HSBC on Monday announced the surprise departure of CEO John Flint after just 18 months, saying new leadership was needed amid increasing economic uncertainty, and that it was cutting some 4,000 jobs to reduce costs.

Japan's NEC shows off a 'flying car' that can hover steadily for a minute

Mon, 08/05/2019 - 07:43

A test flight for a new, car-size flying drone that could one day autonomously deliver packages reached three metres high and lasted about 45 seconds in a Tokyo suburb on Monday.

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