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Bank of Canada's Poloz says global growth to remain slow, low global interest rates

Thu, 12/12/2019 - 10:23

Bank of Canada governor Stephen Poloz said Thursday the global economy appears set for continued slow growth and that low global interest rates are likely to persist.

Lululemon revenue up as retailer pushes expansion plans

Thu, 12/12/2019 - 07:32

Lululemon plans to expand sales of its self-care line and loyalty program next year, as well as keep growing its so-called experiential stores as it looks to maintain strong quarterly earnings and revenue growth.

European Central Bank keeps rates low as new president takes helm

Thu, 12/12/2019 - 06:37

The European Central Bank (EBC) left its key interest rate benchmarks and stimulus programs unchanged on Thursday, when it held its first policy meeting under its newly appointed president, Christine Lagarde.

Agriculture needs changes to help save climate and farmers, says national agriculture group

Thu, 12/12/2019 - 05:31

A report released Wednesday by the National Farmers Union concludes that some elements of old-fashioned mixed farming combined with the latest technology can reduce greenhouse gas emissions and keep more farm families on the land.

Fed chair sees North America as an economic oasis in 2020: Don Pittis

Thu, 12/12/2019 - 01:00

Optimism from the U.S. Federal Reserve could help keep Canadian mortgage rates low in 2020, with the added hope that economic good news spreads north as the effects of a string of rate cuts kick in.

One of Vancouver's biggest players in film animation shutters weeks before Christmas

Wed, 12/11/2019 - 21:28

CBC News has obtained an email sent to staff at the Moving Picture Company Wednesday announcing the immediate closure of its Vancouver studio.

Citing 'distressing' office vacancy rate, Calgary developer puts 50 properties in creditor protection

Wed, 12/11/2019 - 14:45

Strategic Group has put 50 properties, with mortgages totalling nearly $651 million, under creditor protection.

U.S. Federal Reserve holds rates steady, expects moderate growth next year

Wed, 12/11/2019 - 11:27

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.

Poll finds most Canadians want Huawei barred from country's 5G networks

Wed, 12/11/2019 - 10:54

A new survey says Canadian public opinion is solidly against allowing Huawei as a supplier for the new generation of ultra-fast wireless networks that are being built by the country's telecommunications companies.

Saudi Aramco is now the world's most valuable company - but for how long?

Wed, 12/11/2019 - 10:10

The Saudi kingdom has been talking about selling some shares of its prized oil giant for years. But the Saudi Aramco IPO comes during a rough time for global oil producers.

After Lion Air crash, FAA predicted more Boeing 737 Max crashes but didn't ground plane

Wed, 12/11/2019 - 10:10

After the first crash of a Lion Air Boeing 737 Max last year, U.S. federal safety officials estimated that there could be 15 more fatal crashes of the Max over the next few decades if Boeing didn't fix a critical automated flight-control system.

WestJet shareholders won't get December dividend as Onex acquisition closes

Wed, 12/11/2019 - 10:03

WestJet Airlines Ltd. shareholders won't be receiving a quarterly dividend this month after Onex Corp. announced the completion of its acquisition of the Calgary-based airline.

Proxy advisory Glass Lewis recommends HBC shareholders support CEO-led take over bid

Wed, 12/11/2019 - 07:54

A proxy advisory firm is recommending that Hudson's Bay Co. (HBC) shareholders accept a takeover offer by a group led by the retailer's executive chairman, a position that contrasts with a rejection issued earlier by another advisory firm.

Chevron to sell its 50% stake in Kitimat LNG project as it writes down assets by $10B

Wed, 12/11/2019 - 06:51

Chevron Corp. says it is looking to sell its 50 per cent stake in the Kitimat LNG Project in British Columbia.

What is the 'European Green Deal'?

Wed, 12/11/2019 - 06:41

The "European Green Deal" aims to make the EU the world's first "climate-neutral" continent by 2050. Here's how.

Pricey Christmas trees traced back to 2008 financial crisis

Wed, 12/11/2019 - 05:58

Consumers on the hunt for a Christmas tree have little to cheer about this year, as prices are through the roof due to a shortage of trees that can be traced back to the 2008 financial crisis.

EU to offer billions to help poorer member states cut CO2

Wed, 12/11/2019 - 05:35

European Commission president Ursula von der Leyen wants to put up 100 billion euros ($130 billion) to help member countries that still heavily rely on fossil fuels transition to lower emissions. Meanwhile, Greta Thunberg accused leaders at the UN climate talks of 'creative PR' instead of action.

Boost for Saudi Arabia as Aramco shares surge 10% on debut

Wed, 12/11/2019 - 01:47

Saudi Aramco shares surged the maximum permitted 10 per cent above their initial public offering price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion US valuation long sought by Saudi Crown Prince Mohammed bin Salman.

'It just feels pretty dire': What it's like for young Alberta men facing a 20% unemployment rate

Wed, 12/11/2019 - 01:00

An estimated 33,000 young men in Alberta are looking for work but not finding it. That number has doubled in the span of seven months, putting the unemployment rate for males under the age of 25 at nearly 20 per cent, roughly twice the rate of their female peers.

Transportation regulator determines WestJet would remain Canadian after Onex deal

Tue, 12/10/2019 - 15:39

The proposed acquisition of WestJet Airlines by Onex Corp. moved a step closer to completion after Canada's transportation regulator determined the airline will continue to meet Canadian ownership and control requirements.

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