Business News

Business News

Business News

Fairfax invests $190-million in global food processor AGT

Regina-based AGT Food and Ingredients Inc. is a major global processor of pulse crops
Posted: July 26, 2017, 9:48 pm

Barrick earnings beat expectations; Tanzania talks to start next week

Toronto-based Barrick said adjusted net earnings rose to $261-million, or 22 cents a share, from $158-million, or 14 cents a share
Posted: July 26, 2017, 9:27 pm

Forget pot producers - here's a better way for investors to cash in on cannabis legalization

High-net-worth investors are pouring millions into cannabis-related ventures, despite the fact that it’ll take years to wring out value
Posted: July 26, 2017, 9:20 pm

Proposed changes to the CRA’s Voluntary Disclosure Program will kill it

New rules would not improve fairness or Ottawa’s ability to collect back taxes
Posted: July 26, 2017, 8:57 pm

Power charging the batteries? Switch to electric cars needs energy regulation, too

If we want an electric-car fleet, we need government help and regulation to build the network of smart grids and balanced generation
Posted: July 26, 2017, 8:54 pm

Major Canadian office-space markets to be squeezed by low vacancy

Hot spots such as Toronto and Vancouver will be some of the tightest markets in the world by 2019, while demand continues to drop in Alberta’s over-saturated markets
Posted: July 26, 2017, 8:44 pm

The close: TSX slips as banks pull back post-Fed and CN Rail falls

Wall Street mints records after Fed, strong earnings
Posted: July 26, 2017, 8:27 pm

Facebook shares hit record high as mobile ad sales soar

The company’s stock rose more than 4 per cent to around $173 after the stellar earnings report
Author: David Ingram And Rishika Sadam
Posted: July 26, 2017, 8:21 pm

Here's what the most accurate measure of the loonie's fair value is saying right now

Data show that the Canadian dollar, when measured against the price of oil, is extremely overvalued
Posted: July 26, 2017, 7:47 pm

Open Text bulks up with seventh purchase since April 2016

Waterloo tech giant buys forensic security firm Guidance Software for $240-million
Posted: July 26, 2017, 7:14 pm

Fed holds rates steady, expects to cut balance sheet ‘relatively soon’

The U.S. central bank kept its benchmark lending rate in a target range of 1 per cent to 1.25 per cent and said it was continuing on a slow path of monetary tightening
Author: Jason Lange And Lindsay Dunsmuir
Posted: July 26, 2017, 6:06 pm

Cineplex signs partnership with Topgolf, plans to open multiple venues in Canada

Topgolf combines a driving range with other games and entertainment options
Posted: July 26, 2017, 6:01 pm

Vancouver housing market showing signs of overheating, CMHC says

The hot Vancouver housing market is showing signs it is becoming overheated, while Toronto continues to display strong evidence that home prices are overvalued
Posted: July 26, 2017, 5:49 pm

CMHC maintains red warning for Canada's housing market as a whole

Interest Rates 20100420

Canada Mortgage and Housing Corp. is keeping its overall risk rating for the national housing market at strong.

Posted: July 26, 2017, 5:15 pm

How U.S. politics could derail the NAFTA reboot

The upcoming negotiations will not lead to the ‘slam dunk’ that some pundits are already predicting
Author: EARL FRY
Posted: July 26, 2017, 5:06 pm

Tablets and large electronics in carry-on must be taken out for X-ray in new TSA airport rules

TSA airport security

Passengers at all U.S. airports will soon face new measures for screening electronic devices bigger than a cellphone.

Posted: July 26, 2017, 4:26 pm

At midday: TSX flat as railway losses offset natural resource gains

Boeing, AT&T power Wall St to record; Fed in focus
Posted: July 26, 2017, 3:35 pm

50 employees at Wisconsin company agree to get optional microchip implants

Microchipped Employees

A Wisconsin vending machine company is offering its employees a chance to have a microchip implanted in their hands that they could use to buy snacks, log in to computers or use the copy machine.

Posted: July 26, 2017, 2:35 pm

NEB can fulfill duty to consult Indigenous groups, top court rules

Supreme Court says NEB failed to consult Inuit community on seismic testing but re-affirms no veto over projects for Indigenous people
Posted: July 26, 2017, 2:05 pm

Supreme Court quashes seismic testing in Nunavut, but gives green light to Enbridge pipeline

Supreme Court 20170726

The Supreme Court of Canada has quashed plans for seismic testing in Nunavut, delivering a major victory to Inuit who argued they were inadequately consulted before the National Energy Board gave oil companies the go-ahead to conduct disruptive testing.

Posted: July 26, 2017, 2:04 pm

At the open: TSX flat; Wall Street starts at record levels

Strong earnings propel U.S. stocks
Posted: July 26, 2017, 1:54 pm

OpenText signs deal to buy Guidance Software

Business software company says the acquisition is expected to complement its portfolio of software and services
Posted: July 26, 2017, 1:35 pm

Court cites privacy concerns in striking down Canada/EU deal on sharing airline passenger data

Airport gate agents

A deal between the European Union and Canada to share airline passenger data must be revised as parts of it violate privacy and data protection laws beyond what could be justified for fighting terrorism, the EU's top court said.

Posted: July 26, 2017, 1:24 pm

Tembec reports second-quarter profit up from year ago ahead of takeover vote

Forestry company says it earned $17-million in its latest quarter
Posted: July 26, 2017, 12:57 pm

Loblaw says minimum wage increases will cost it an extra $190M next year

FOOD Online Shopping 20161021

Loblaw Companies Ltd. says minimum wage increases in Ontario and Alberta and health care reform in Quebec are expected to hurt its bottom line.

Posted: July 26, 2017, 12:50 pm

Boeing’s cash flow surges in new boost for top 2017 stock on Dow

The profitability of its 787 Dreamliner contributed to strong cash flow as the world’s biggest plane maker
Author: Julie Johnsson
Posted: July 26, 2017, 12:02 pm

Struggling Yellow Pages announces CEO’s departure, CFO named interim chief

Management at company known for its print directories recently introduced digital strategy to offer better search-engine marketing
Posted: July 26, 2017, 11:50 am

Home Capital cedes gains as regulatory concerns weigh

When it provided the line of credit, Berkshire Hathaway also bought a $400-million stake in Home Capital
Author: Matt Scuffham
Posted: July 26, 2017, 11:40 am

Ford profit rises on lower tax rate, pickup truck sales

The No. 2 U.S. automaker leaned heavily on consumer discounts during the quarter and the value of its unsold vehicles rose
Author: Nick Carey And Paul Lienert
Posted: July 26, 2017, 11:15 am

Minimum-wage hike just one challenge in store for Loblaw

A growing array of issues threaten to pinch the bottom line of the grocery and drugstore titan in the coming years
Posted: July 26, 2017, 11:05 am

Nintendo records quarterly profit on Switch sales success

Interest in Nintendo games on smart devices soared with “Pokemon Go”
Author: Yuri Kageyama
Posted: July 26, 2017, 10:58 am

Daimler considers legal split in strategic overhaul

News of Daimler’s strategic review spurred speculation on Wednesday about a break-up of the maker of Mercedes-Benz
Author: Edward Taylor
Posted: July 26, 2017, 10:39 am

What every Canadian investor needs to know today

A rundown of what to expect this trading day and the stocks that'll see action
Posted: July 26, 2017, 10:38 am

Oil jumps to near eight-week high after big draw in U.S. crude stocks

U.S. gasoline and diesel inventories also draw: EIA
Author: Julia Simon And Jessica Resnick-Ault
Posted: July 26, 2017, 10:12 am

U.K. to ban sale of new gas and diesel cars starting in 2040


Britain will ban the sale of new gasoline- and diesel-powered cars starting in 2040 as part of a plan to get them off the roads altogether 10 years later, Environment Minister Michael Gove says.

Posted: July 26, 2017, 10:12 am

Top EU court says Canada passenger data deal cannot be concluded as is

Court says parts of pact to share passenger information are not in line with European Union laws
Author: Gabriela Baczynska
Posted: July 26, 2017, 9:04 am

'It's just been so painful': Woman warns against lip-filler house parties after medical crisis


A young woman is warning others about the dangers of home lip augmentation and lip-filler parties after a complication left her temporarily disfigured, in excruciating pain and at risk for even more serious side-effects.

Posted: July 26, 2017, 9:00 am

Oil jumps as U.S. producers pull back, inventories drop


Prices move higher as U.S. producers pull back on drilling and OPEC targets U.S. inventories.

Posted: July 26, 2017, 9:00 am

Premarket: Oil’s bounce, earnings keep world stocks on high

Brent crude tops $50 (U.S.) a barrel for the first time since early June
Author: Patrick Graham
Posted: July 26, 2017, 8:53 am

New diesel and petrol vehicles to be banned from 2040 in UK

Ministers will also unveil a £255m fund to help councils introduce steps to deal with vehicle pollution.
Posted: July 26, 2017, 8:11 am

Nestle to open Japan factory for exotic Kit Kat demand

It is the first production plant Nestle has opened in the country for 26 years.
Posted: July 26, 2017, 7:44 am

VW and Daimler face cartel accusations

Supervisory boards at the carmakers call emergency meetings after being accused of breaching EU rules.
Posted: July 26, 2017, 7:35 am

ITV hit by advertising slowdown

Broadcaster blames "economic and political uncertainty" for decline in ad spending in first half of year.
Posted: July 26, 2017, 7:12 am

Pre-crash debt problems 'rearing their heads', Reeves warns

Regulators need to be forever vigilant, the new Commons business committee head Rachel Reeves says.
Posted: July 26, 2017, 5:37 am

Cities in England's north pressing for more money

Councils say they are concerned ministers have become less committed to the Northern Powerhouse.
Posted: July 26, 2017, 2:04 am

BC NDP reaffirms commitment to LNG despite Petronas' project cancellation - The Globe and Mail

The Globe and Mail

BC NDP reaffirms commitment to LNG despite Petronas' project cancellation
The Globe and Mail
British Columbia's new NDP government says it will continue to encourage the LNG industry to commit to the province, despite the decision by Malaysian energy giant Petronas to cancel an $11.4-billion liquefied natural gas terminal on the B.C. coast.
'A tragedy for Canada': Petronas cancels $36B LNG project as BC jacks up demandsFinancial Post
'I'm scared for my community': northerners react to cancellation of Pacific NorthWest LNG
Petronas cancels $11.4-billion LNG project near Prince RupertVancouver Sun -News1130 -Montreal Gazette
all 78 news articles »
Posted: July 26, 2017, 1:55 am

Canada Post, Toronto's 'worst offender' for parking in bike lanes, vows to steer clear -

Canada Post, Toronto's 'worst offender' for parking in bike lanes, vows to steer clear
Toronto's notorious bike lane vigilante, Kyle Ashley, is one step closer to fulfilling his mission of keeping the city's bike lanes clear of errant vehicles as Canada Post vows to stop its drivers from parking where they shouldn't. Canada Post ...
Canada Post vows to quit blocking Toronto bike lanesToronto Star
Canada Post vows to stop parking delivery trucks in Toronto bike lanesCityNews

all 5 news articles »
Posted: July 26, 2017, 1:53 am

CEO's pay is under fire amid opioid epidemic

McKesson CEO John Hammergren has earned $692 million in the past 10 years. The Teamsters think that's too much.
Posted: July 26, 2017, 1:03 am

Increased freight volumes fuel profit growth at Canadian railways - Financial Post

Financial Post

Increased freight volumes fuel profit growth at Canadian railways
Financial Post
Higher freight volumes across a range of sectors — including metal, coal, grains and fertilizers — are driving significant profit gains at Canada's major railways. On Tuesday Canadian National Railway reported a 20 per cent increase in quarterly ...
CN Rail boosts profit but sees threat in rising Canadian dollarThe Globe and Mail
CN Rail beats profit forecasts on higher
Why Great Companies Can Be Bad InvestmentsThe Motley Fool Canada
AppsforPCdaily -Holdings Channel
all 143 news articles »
Posted: July 26, 2017, 12:06 am

AMD earnings give investors what they wanted, now it must deliver - MarketWatch


AMD earnings give investors what they wanted, now it must deliver
AMD's new products helped push the chip maker to an earnings beat Tuesday, and expectations for the future pushed its forecast, and stock price, higher. By. TheresePoletti. Columnist. Advanced Micro Devices Inc. came through on the first phase of its ...
Advanced Micro Devices (AMD) Q2 2017 Results - Earnings Call TranscriptSeeking Alpha
AMD stock soars after strong guidance, earnings beatCNBC
AMD's Blowout Second Quarter Got a Boost From the Cryptocurrency Mining
Reuters Canada -Business Insider -VentureBeat
all 193 news articles »
Posted: July 25, 2017, 11:39 pm