Forgotten Bank Accounts Translate To Big Bucks For Federal Coffers
OTTAWA - When it comes to balancing the country's books, it's the equivalent of finding loose change under a couch cushion.But each penny surely counts for a Conservative government desperate to press...
View ArticleInvestment in construction, machinery to rise this year: StatsCan
OTTAWA - Statistics Canada says public and private organizations and the housing sector intend to invest $404.5 billion in construction and machinery and equipment in 2014, up 1.4 per cent from...
View ArticleCanadian dollar drifts slightly lower ahead of heavy slate of economic data
TORONTO - The Canadian dollar was slightly lower Wednesday amid generally positive commodity prices and ahead of key economic reports.The currency was off 0.07 of a cent to 90.13 cents US.The economic...
View ArticleUS bank earnings jump 17 pct in 4Q, loan losses fall to 7-year low; 2013...
WASHINGTON - U.S. banks' earnings rose 17 per cent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as...
View ArticleSupreme Court allows investor lawsuits over Stanford Ponzi scheme to go forward
WASHINGTON - The Supreme Court ruled Wednesday that class-action lawsuits from investors who lost billions in former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward.The decision is...
View ArticleUS sales of new homes jump 9.6 per cent in January to fastest pace in more...
WASHINGTON - U.S. sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by...
View ArticleHeinz To Make Announcement About Leamington Tomato Plant Closure
LEAMINGTON, Ont. - Food giant Heinz says it has reached a preliminary deal with Highbury Canco Corp. to allow Highbury to acquire its tomato processing plant Leamington, Ont., saving it from complete...
View ArticleStandard Life draws contingency plans to move some business should Scots vote...
LONDON - British financial group Standard Life said Thursday it is drawing contingency plans to move some of its operations out of Scotland in the event it votes for independence — a decision certain...
View ArticleAeroplan Sale Lifts CIBC Income In Q1
TORONTO - CIBC (TSX:CM) is reporting $1.177 billion of net income in the first quarter, up nearly 50 per cent from last year, as it books a gain from the sale of half its Aeroplan credit card business...
View ArticleTD Sees Q1 Income Rise To More Than $2-Billion
TORONTO - The introduction of TD Bank's Aeroplan Visa card is going better than expected and will add to earnings for the year, TD chief financial officer Colleen Johnston said Thursday as the bank...
View ArticleQuebec Store Owner Ordered To Translate Facebook Page To French
The Quebec government has ordered the owner of a store in Chelsea, Que., to change the language of her store’s Facebook page to French. Eva Cooper owns the women’s clothing boutique store, Delilah {in...
View ArticleTSX higher as TD, CIBC beat expectations, traders look to Yellen comments
TORONTO - Solid bank earnings helped give the Toronto stock market a solid gain Thursday.Traders also took in remarks from U.S. Federal Reserve chair Janet Yellen, who said it's too early to tell how...
View ArticleOrders for US durable goods fell 1 pct. in Jan., but some demand recovers...
WASHINGTON - American businesses ordered fewer durable manufactured goods in January, cutting demand for planes, autos and machines. But a key category that reflects business investment rebounded on...
View ArticleCurrent account deficit rose $1.2B in fourth quarter: Statistics Canada
OTTAWA - Statistics Canada says the country's current account deficit increased $1.2 billion to $16 billion in the fourth quarter on a seasonally adjusted basis.The agency said the increase was mostly...
View ArticleLoonie dips ahead of Yellen remarks, current account deficit less than expected
TORONTO - The Canadian dollar was slightly lower Thursday as an important gauge of the country's trade deficit increased less than expected during the fourth quarter.The currency dipped 0.04 of a cent...
View ArticlePayroll earnings up 0.9 per cent in December, Statistics Canada says
OTTAWA - Statistics Canada says average weekly earnings of non-farm payroll employees were $933 in December, up 0.9 per cent from the previous month.The agency says weekly earnings were up 2.9 per cent...
View ArticleIMF says it's ready to respond to Ukraine's bid for financial aid, sends team...
BRUSSELS - The International Monetary Fund says it is "ready to respond" to Ukraine's bid for financial assistance.In the IMF's first official statement on Ukraine since the country's political crisis...
View ArticleGeorge Weston posts Q4 profit of $232M amid higher sales, restructuring push
TORONTO - George Weston Ltd. (TSX:WN) says its earnings grew to $232 million in the fourth quarter, up from $112 million in the same period last year, as the company continued a restructuring plan that...
View ArticleOttawa makes $250-million investment in Montreal-based simulator maker CAE
MONTREAL - Flight simulator company CAE has received a $250 million repayable investment from Ottawa.The goal of the five-year program is to help Montreal-based CAE develop its next generation of...
View ArticleOttawa blocks sale of NextWave spectrum licences to Bell-Rogers joint venture
OTTAWA - Industry Minister James Moore has turned down the sale of 83 wireless spectrum licences by NextWave to a joint venture between Rogers Communications (TSX:RCI.B) and Bell Canada (TSX:BCE).The...
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