Lower down: BoC leaves rates unchanged, traders look to disappointing trade data
TORONTO - The Canadian dollar was lower Wednesday as the Bank of Canada kept its key rate unchanged at one per cent.The loonie was down 0.29 of a cent to 91.37 cents US as the central bank signalled it...
View ArticleTrade deficit of $638M in April compared with March surplus: Statistics Canada
OTTAWA - Statistics Canada says merchandise exports declined 1.8 per cent in April, while imports increased 1.4 per cent, pushing the trade balance with the world to a deficit of $638 million from a...
View ArticleToronto's Housing Market Sees Strongest Month Ever Amid Shortages
Toronto’s housing market, long the target of warnings of overbuilding and excessive price spikes, just experienced its best month ever. Home sales jumped 11.4 per cent in May, compared to the same...
View ArticleQuebec's Laurentian Bank reports lower Q2 profit while raising its dividend
MONTREAL - Laurentian Bank of Canada (TSX:LB) is raising its dividend while announcing a lower second-quarter profit of $31 million.The Quebec-based bank says it's raising its quarterly payment to...
View ArticleTransCanada to build $1.9 billion pipeline link for Kitimat LNG project
CALGARY - TransCanada Corp. (TSX:TRP) says it plans to build a $1.9-billion pipeline to help feed Chevron Corp. and Apache Corp.'s proposed liquefied natural gas facility near Kitimat, B.C.The Merrick...
View ArticleUS trade deficit widened to $47.2 billion in April, two-year high as imports...
WASHINGTON - The U.S. trade deficit jumped to a two-year high in April, as exports declined and imports surged to a record high.The deficit rose to $47.2 billion in April, up 6.9 per cent from an...
View ArticleChester The Cat's Owner Blames Air Canada For Losing Him (PHOTOS)
A woman from Surrey, B.C. is blaming Air Canada for losing a Blue Scottish Fold cat she bought for $1,200. Amanda Stewart expected to receive Chester on May 21 after the cat's breeder dropped him off...
View ArticleThe Burt behind Burt's Bees returns to solitary life in Maine, tells...
PARKMAN, Maine - Conventional wisdom suggests the Burt behind Burt's Bees left the company after he became disillusioned with the corporate world in North Carolina and wanted to return to his solitary...
View Article3 key questions for GM's attorney as probe of mishandled ignition switch...
DETROIT - Along rows of cubicles at the General Motors Technical Center in suburban Warren, engineers knew for years about faulty ignition switches in small cars. Safety officials in the same complex...
View ArticleStepping away from Russia relations, G-7 leaders centre 2nd day on economic...
BRUSSELS - Leaders of the G-7 group of major economies are turning their attention during the concluding day of their summit to spurring growth and jobs in an attempt to reinforce a rebound from the...
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Pepper, Robot With Emotions, Debuts From Softbank At $1,900 U.S.
TOKYO - Softbank Corp. is entering the robotics business with its cooing, gesturing and sympathetic Pepper humanoid-on-wheels that it says is designed for companionship and can decipher human...
View ArticleSex workers like New Zealand law, not Canada’s new ‘Nordic model’ for...
The new prostitution bill introduced by the Conservative government on Wednesday proposes to keep prostitution legal in Canada, but to make it illegal to pay for it or to advertise such services....
View ArticleBaloney Meter: Looking at the Ontario party leaders' energy claims
OTTAWA - "One of the reasons ... that your hydro bill has gone up is because of the gas plant scandal." — Ontario PC Leader Tim Hudak"When we came into office in 2003, the electricity system was in...
View ArticleEuropean Central Bank Cuts Some Key Interest Rates Below Zero
FRANKFURT - The European Central Bank on Thursday cut interest rates and took a raft of unconventional steps to prevent the 18-country eurozone from sliding into a bout of deflation that could kill off...
View ArticleTim Hudak Made $2.15 Billion Platform Mistake, Liberals Say
TORONTO - Ontario's Liberals say they have found another mistake in Tim Hudak's platform — this one to the tune of $2.15 billion.That's the amount of money the Progressive Conservative leader says...
View ArticleTSX declines, European Central Bank moves to bolster eurozone recovery
TORONTO - The Toronto stock market was lower Thursday as the European Central Bank moved to deal with the threat of deflation and give some lift to a tepid economic recovery.The S&P/TSX composite...
View ArticleWorld Cup 2014: CBC Puts Soccer Fans Into The Game
Scott Russell laughs when asked if he is worried about contributing to a Canadian economic downturn when the FIFA World Cup kicks off on June 12. Russell is the host of CBC's coverage of the FIFA World...
View ArticleLoonie little changed ahead of jobs data, European Central Bank cuts rates
TORONTO - The Canadian dollar was little changed Thursday morning as the European Central bank moved to spark a tepid economic recovery in the eurozone and traders looked ahead to the release of...
View ArticleApplications for US unemployment benefits rose to 312,000 last week; still...
WASHINGTON - Slightly more Americans sought unemployment benefits last week, but claims for jobless aid continue to be anchored near seven-year lows.The Labor Department said Thursday that weekly...
View ArticleValue of building permits rose 1.1 per cent in April after two monthly declines
OTTAWA - Statistics Canada says municipalities issued $6 billion worth of building permits in April, a 1.1 per cent increase after two consecutive monthly declines.The agency says the increase was due...
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