Porter Airlines orders to pay cash to passengers bumped from domestic flights
Porter Airlines has been ordered by regulators to pay cash compensation to passengers bumped from its domestic flights, joining the country's two latest airlines which already offer such...
View ArticleReview: Samsung bets on best-of-class screen to sell new Galaxy Tab S tablet
TORONTO - Screen quality may not be the first thing consumers look for when shopping for a tablet, but Samsung is pushing the display on its new Galaxy Tab S as the biggest reason to pass on an...
View ArticleOil prices edge down, despite this week's bullish US oil inventory data
NEW YORK, N.Y. - The price of oil slipped Wednesday despite a report from the U.S. Department of Energy that showed American stockpiles of crude fell more than expected last week.Benchmark West Texas...
View ArticleMoody's Shifts Ontario's Debt Outlook To Negative From Stable
TORONTO - Moody's credit rating agency changed Ontario's debt rating Wednesday to negative from stable, citing concerns about the province's ability to eliminate a $12.5 billion deficit by 2017-18 as...
View ArticleCanadian economy headed in right direction as exports provide welcome boost
OTTAWA - Canadian exports to foreign markets surged by a surprisingly robust 3.5 per cent in May, narrowing the country's trade deficit and setting the economy on a more sustainable growth path.For...
View ArticleCanadian dollar rises amid strong U.S. jobs data, smaller trade deficit
TORONTO - The Canadian dollar closed higher Thursday as job creation in the United States last month came in much higher than expected.The loonie edged up 0.24 of a cent to 93.99 cents US as the U.S....
View ArticleExpress Scripts' cost-saving move will slash coverage of 1,000 compounded drugs
WASHINGTON - The nation's largest pharmacy benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed formulas are...
View ArticleBlackBerry sells its German-based R&D assets to Volkswagen Infotainment
WATERLOO, Ont. - BlackBerry (TSX:BB) is selling its research and development department in Germany to Volkswagen Infotainment, a subsidiary of the automaker that makes interactive technology built into...
View ArticleWounded Canadian Veterans See 20 Per Cent Income Drop: Survey
OTTAWA - Two new reports paint a troubling portrait of post-military life for the country's soldiers, suggesting that for many the return to the civilian world is marked by health concerns, a sense of...
View ArticleSon of former Philadelphia mob boss convicted in strong-arm takeover, looting...
CAMDEN, N.J. - The son of a former Philadelphia mob boss and another reputed mob associate were convicted Thursday of federal fraud charges for taking over a Texas-based mortgage company and then...
View ArticleDow Jones Breaks Above 17,000 On Strong U.S. Job Growth
TORONTO — The Toronto stock market closed little changed Thursday even as job creation data from the United States blew past expectations and raised hopes for a stronger showing by the economy in the...
View ArticleFacebook 'Emotional Contagion' Experiment In Privacy Commissioner's Sights
Canada’s privacy commissioner plans to probe Facebook over an experiment in which nearly 700,000 users’ news feeds were tampered with in order to manipulate users’ emotions. The experiment “raises some...
View ArticleCanadian Home Prices Will Rise Another 5-6% In Next 6 Months: TD
TORONTO - Canada's housing market will continue to stay hot for the rest of the year, with home prices expected to rise on low interest rates and increased demand, says a report by TD Economics.The...
View ArticleAlaska boat featuring exotic dancers briefly shut down by Coast Guard soon...
ANCHORAGE, Alaska - A new attraction on Alaska's Kodiak Island featuring exotic dancers who entertain fishermen on a converted Bering Sea crabbing boat already has encountered trouble.Barely open for...
View ArticleSubaru recalls 660,000 cars and SUVs because brake lines can rust and leak fluid
DETROIT - Subaru is recalling more than 660,000 cars and SUVs, including more than 105,000 in Canada, because the brake lines can rust and leak fluid, and that can mean it will take longer to stop the...
View ArticleAverage rate on 30-year mortgages dips to 4.12 per cent while 15-year...
WASHINGTON - Average U.S. mortgage rates are near historically low levels.Mortgage company Freddie Mac said Thursday that the nationwide average rate for a 30-year loan dipped to 4.12 per cent, down...
View ArticleOil futures slip as risks of supply disruptions in Iraq continue to fade
The price of oil slipped again Thursday as the risk of supply disruptions in Iraq faded and key export terminals in Libya were expected to reopen.Benchmark West Texas Intermediate crude for August...
View ArticleStephen King and Nora Roberts among hundreds of writers backing anti-Amazon...
NEW YORK, N.Y. - Stephen King, Nora Roberts and Donna Tartt are among the hundreds of authors who have added their names to an online letter criticizing Amazon.com for restricting access to works...
View ArticlePolish shipyard wins bid to build three B.C. ferries for $165 million
VICTORIA - BC Ferries says a Polish shipyard has won the contract to build three new intermediate-class ferries capable of operating with liquefied natural gas or diesel.It says Remontowa Shipbuilding...
View ArticleBuy Canadian? Price Matters More, Survey Shows
The American invasion of Canadian retail is disconcerting to shoppers, but cost-conscious consumers are more driven by price than buying Canadian when making purchases, according to a survey of...
View Article