OSC orders fund manager Crown Hill Capital, CEO to pay $20 million in penalties
TORONTO - The Ontario Securities Commission has ordered former Toronto-based fund manager Wayne Pushka and Crown Hill Capital Corp. to pay about $20 million for acting contrary to the public interest...
View ArticleKevin O'Leary To Join CTV: Will Appear On Canada AM, etalk, The Social, BNN...
TORONTO - Kevin O'Leary is leaving the CBC after five years as co-host of "The Lang & O'Leary Exchange" to join rival network CTV. Bell Media, which runs CTV, said O'Leary officially begins Sept. 1...
View ArticleUS employers advertised 4.67 million job openings in June, most since...
WASHINGTON - U.S. employers in June advertised the most monthly job openings in more than 13 years.Employers posted 4.67 million jobs in June, up 2.1 per cent from May's total of 4.58 million, the...
View ArticleBombay, Bowring under court protection while looking for solution to debt...
TORONTO - Retailers Bombay & Co. Inc., Bowring & Co. Inc. and Benix & Co. Inc. are operating under court protection from creditors while their owners look for a buyer or partner to help...
View ArticleJoe Oliver Talks Tax Relief, 'Prudent' Spending In Pre-Election Budget
WAKEFIELD, Que. - With a multi-billion dollar surplus just around the corner, federal Finance Minister Joe Oliver suggests the spending tap is about to be slowly turned back on in Ottawa — just in time...
View ArticleApple, Samsung Headed Into Decline Globally: Fitch
It's probably too soon to call Apple the new BlackBerry, but the fruit salad that is the smartphone industry is undergoing another shakeup. Apple and Samsung, the world’s dominant smartphone brands,...
View ArticleAsbestos Still Kicking In Developing World: It Helps The Poor, Industry Says
VAISHALI, India — The executives mingled over tea and sugar cookies, and the chatter was upbeat. Their industry, they said at a conference in the Indian capital, saves lives and brings roofs, walls and...
View ArticleEmployee Loyalty Dropping Off As Workers Question Their Value In Organizations
TORONTO - Employees increasingly expect to get more out of their jobs, and are more willing than ever to walk away from an employer if they feel undervalued or unfulfilled.But while the first instinct...
View ArticleBond insurer objects to Detroit's debt-fixing plan, says scrap it before...
DETROIT - A major Detroit creditor is objecting to the bankrupt city's debt restructuring plan, saying it should be scrapped before trial.Bond insurer Syncora Guarantee says in a court filing Tuesday...
View ArticleVancouver Ebola drug developer sees wild swings in stock price amid outbreak
A Canadian company developing an experimental Ebola drug has seen its stock swing wildly in recent days, but analysts say the underlying outlook for Tekmira Pharmaceuticals Corp. hasn't been swayed by...
View ArticleUS budget deficit through 10 months totals $460.5 billion, 24.2 per cent...
WASHINGTON - The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years.The Treasury Department says that the July deficit was...
View ArticleHome improvement company Rona posts Q2 profit of $42 million on lower revenues
MONTREAL - Rona Inc. reported $42 million of net income from continuing operations in the second quarter, turning around a year-earlier loss as the major home renovation retailer worked to control...
View ArticleStatsCan 'Error' Blamed As Unemployment Report Disappears From Web
Statistics Canada has taken the rare move of pulling an unemployment report offline, due to “an error in processing” of July’s labour market numbers. StatsCan’s most recent unemployment report,...
View ArticleProminent Canadian lawyer, businessman Purdy Crawford dies at age 82.
TORONTO - Purdy Crawford, a lawyer and a businessman who once headed Montreal-based Imasco Ltd., died Tuesday at age 82.Crawford's death was confirmed by the Toronto legal firm Osler, Hoskin &...
View ArticleTarget execs take another run at the Canadian marketplace with a new mindset
TORONTO - After a fumbled launch last year, Target Canada executives are coming to terms with some of the company's mistakes and are making changes they hope will undo the damage.Whether it was photos...
View ArticleTarget Canada reveals new partnership with designer Sarah Richardson
TORONTO - Target Canada is poised to embark on yet another design collaboration with homegrown talent.The retailer has announced a long-term partnership with Sarah Richardson slated to launch next...
View ArticleWeak Asian data, geopolitical concerns, earnings news weigh on TSX
TORONTO - The Toronto stock market closed with a small loss Wednesday amid weak earnings reports and soft economic data.The S&P/TSX composite index edged 11.5 points lower to 15,262.73.The Canadian...
View ArticleCMHC Sees Soft Landing For Housing Market, But Price Growth Is Accelerating
House price growth accelerated in Canada in July, according to the Teranet-National Bank house price index. Prices in the 11 cities tracked by the index were up 4.9 per cent from a year earlier. In...
View ArticleCanadian dollar closes higher, traders look to revised July jobs report
TORONTO - The Canadian dollar closed slightly higher Wednesday as traders await a revised set of job numbers on Friday.The loonie was up 0.04 of a cent to 91.6 cents US.Statistics Canada surprised...
View ArticleUS retail sales basically flat in July; recent job growth fails to boost...
WASHINGTON - U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains.The Commerce Department said...
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