The CEO of Canada's largest drug company has temporarily stepped down to go on medical leave after being hospitalized with pneumonia.
lundi 28 décembre 2015
Valeant CEO goes on medical leave after being hospitalized with pneumonia
The CEO of Canada's largest drug company has temporarily stepped down to go on medical leave after being hospitalized with pneumonia.
Bad year for Canadian mining industry likely to spill into 2016
The bottom has fallen out of the commodities market and while Canadian mining firms look set to ride it out, there could be a hit to the Canadian economy because of low metals and minerals prices.
Source:CBC | Business News http://ift.tt/1PrQ2jU
samedi 26 décembre 2015
Boxing Day gives Black Friday a run for its money, major retailers say
Many Canadians will snatch up Saturday's Boxing Day savings. And while some have said that Boxing Day is losing steam in favour of Black Friday, a representative from Best Buy says December 26 is still their biggest shopping day of the year.
Source:CBC | Business News http://ift.tt/1Sgj5tw
vendredi 25 décembre 2015
Today's wearable technology can zap your brain, perhaps even safely
The new frontier of wearable technology is interested in how your brain works, and some devices don’t want just to monitor your brain, they want to zap and influence it.
Source:CBC | Business News http://ift.tt/1m96sEv
Months after AshleyMadison's hack, little has changed in terms of cybersecurity
Far from the wake-up call some expected, the data breach that aired the personal dealings and financial information of Ashley Madison clients has yet to spur concrete changes in web security or the online dating industry.
Source:CBC | Business News http://ift.tt/1NOGixH
jeudi 24 décembre 2015
The latest hot trend in Canadian housing: going tiny
Better affordability and a desire to save time are one of several factors cited by the growing number of Canadians who are turning to alternative styles of housing, ranging from narrow houses to tiny ones to those sandwiched into laneways between other homes.
Source:CBC | Business News http://ift.tt/1ONr4st
Buffalo Airways owner agrees to step away as airline remains grounded
Joe McBryan, owner and president of Buffalo Airways and star of Ice Pilots NWT, has signed a letter agreeing to step away from the day-to-day operations of the airline, as the beleaguered company fights to have its suspended air operator certificate reinstated.
Source:CBC | Business News http://ift.tt/1YEnlTe
Loonie, oil, TSX all gain on last day of trading before Christmas break
Canada's currency, chief export and main stock index were all higher on Thursday as traders headed into a three-day break until Monday.
Source:CBC | Business News http://ift.tt/1Ok2vmp
Number of Americans receiving jobless benefits drops to 2.2 million
The number of Americans seeking unemployment benefits fell last week, reflecting a job market that continues to look persistently healthy.
Source:CBC | Business News http://ift.tt/1IsGAxx
Canadian Tire adds 33 types of Holiday Collection lights to safety recall
Canadian Tire is expanding a recall of Christmas lights sold under the Holiday Collection brand for safety reasons.
Source:CBC | Business News http://ift.tt/1NE27lu
mercredi 23 décembre 2015
E-books sales plateau while print books hold place in readers' hearts
When e-books were first introduced a decade ago it appeared that print was in danger, but that so called death of the physical book hasn’t happened.
Source:CBC | Business News http://ift.tt/1J59wM1
Candy cane crisis: U.S. takeover leaves Canadian retailers short
This year, many Canadian retailers are running short of candy canes after a major manufacturer was bought out by a U.S. firm.
Source:CBC | Business News http://ift.tt/1OoqG9N
Repo firms work flat out amid oil slump in Alberta
While the crash in oil prices idles drilling rigs and empties out downtown Calgary offices, Steven Low's company can barely keep up with the deluge of work.
Source:CBC | Business News http://ift.tt/1ScfLjc
Norfolk Southern issues fresh rejection of CP's sweetened offer
Norfolk Southern still isn't interested in Canadian Pacific's sweetened offer of roughly $31 billion to buy the railroad.
Source:CBC | Business News http://ift.tt/1NCLS8h
'Sometimes the little guy can win,' Saskatoon hummus maker wins battle with Hanes
A Saskatoon entrepreneur has won a long court battle over name battle with Hanes underwear company.
Source:CBC | Business News http://ift.tt/1QMcNCj
WTI oil price moves above Brent amid gloomy outlook from OPEC
Oil prices rebounded from their six-year low on Wednesday after a fall in U.S. crude inventories, helping to lift both the TSX and the Canadian dollar.
Source:CBC | Business News http://ift.tt/1PkLPyz
Zimbabwe makes Chinese yuan official currency as Beijing extends trading hours
Zimbabwe announced earlier this week it would adopt the renminbi as an official currency after China announced plans to extend trading hours in the mainland market for the yuan, in a bid to boost the status of the Chinese currency.
Source:CBC | Business News http://ift.tt/1Mwr1j9
Canada poised to be hub of Islamic finance
Islamic banking is being touted as the next big thing for Canada’s financial services sector, but experts say it’s up to the new federal government to demonstrate that it welcomes Shariah-compliant investments.
Source:CBC | Business News http://ift.tt/1O9WDk6
Beatles catalogue to hit streaming services worldwide on Dec. 24
The Beatles, long one of music's digital distribution holdouts, are giving fans an early holiday gift: their catalogue via the world's most popular streaming services.
Source:CBC | Business News http://ift.tt/1YxtYMs
A tale of two cities on the slopes as Western ski resorts boom while East waits for snow
A reversal of fortunes is afoot in Canada as the snow continues to pile up at Western Canadian ski resorts while the grass is still on display on slopes in the East.
Source:CBC | Business News http://ift.tt/1IqdKh8
Canada's GDP unchanged in October
Canada's economic output was unchanged in October after shrinking in September, Statistics Canada reports.
Source:CBC | Business News http://ift.tt/1Iq6RMT
Canada's natural gas future linked to hydrogen innovation: Don Pittis
Mostly we hear about oil, but natural gas prices are crashing too. In a low carbon world natural gas has some big advantages says Don Pittis, including low carbon hydrogen conversion, which is already creating a strong potential future for the fossil fuel.
Source:CBC | Business News http://ift.tt/1V6CQmS
mardi 22 décembre 2015
Canadian Tire's Noma Christmas lights breaking and burning out, installers say
Several Calgary companies that hang holidays lights say they’ve had an influx of callbacks from customers this season to fix faulty strands of Noma-branded lights sold by Canadian Tire.
Source:CBC | Business News http://ift.tt/1OJHNx0
Compassionate care leave to expand up to 26 weeks starting Jan. 3
The Trudeau government is following through on a Conservative plan to extend compassionate care leave from six to 26 weeks on Jan. 3 and it plans to expand the number of people who can take advantage of the enriched employment insurance plan later in the year.
Source:CBC | Business News http://ift.tt/22ou1K3
PTSD to be recognized as work-related disease in Manitoba starting Jan. 1
The Province of Manitoba will recognize post-traumatic stress disorder as a work-related disease starting Jan. 1.
Source:CBC | Business News http://ift.tt/1Om1n8c
Ottawa posts $941M deficit for October
The Canadian government ran a $941-million deficit for October compared with a $3.21-billion deficit in the same month last year.
Source:CBC | Business News http://ift.tt/1MunUrX
Wednesday set to be busiest shopping day of year with almost $1B on debit
Canadians could be poised to spend almost $1 billion on their debit cards tomorrow, making Dec. 23 the busiest shopping day of the year with more than 19 million purchases, Interac says.
Source:CBC | Business News http://ift.tt/1RE5kp3
Broken goalie masks tied to 2 more severe eye injuries after recall
Two more recalled Bauer hockey goalie masks with cages have broken and caused severe eye injuries since the original recall in March, Health Canada says.
Source:CBC | Business News http://ift.tt/1OlDPjL
Newfoundland and Labrador deficit hits $1.9 billion
A worsening market for oil has made an already dire fiscal situation in oil-dependent Newfoundland and Labrador even worse, with the new premier revealing Tuesday that the province is now expected to rack up a $1.96-billion deficit this fiscal year.
Source:CBC | Business News http://ift.tt/1OlyKrL
Dominion Diamond under pressure to improve shareholder value
A group of Dominion Diamond shareholders is pushing for the company's independent directors to deal with what they call the "misguided policies and missed opportunities" that have hurt their investment in the Toronto-based company.
Source:CBC | Business News http://ift.tt/1Jsc0Pe
China pledges more efficient business to stimulate growth
Chinese leaders promised Monday to promote economic growth by cutting business costs and reducing surplus production capacity in some industries as they try to reverse an unexpectedly sharp downturn.
Source:CBC | Business News http://ift.tt/1kf2QiD
BC Hydro signs Site C construction contract $250M over estimate
British Columbia's power utility will pay a consortium of three companies about $1.75 billion to build the largest components of the controversial Site C hydroelectric dam in the province's northeast.
Source:CBC | Business News http://ift.tt/1S8x3O9
Fairfax buys 80% of Greece's 3rd largest insurer
After riding out the Greek banking crisis earlier this year with Eurobank Ergasias SA, Fairfax Financial Holdings is deepening its stake in Greece by buying the bank’s insurance unit.
Source:CBC | Business News http://ift.tt/1keZ48N
Iranian hackers infiltrated U.S. power grid, dam computers, reports say
Iranian hackers breached the control system of a dam near New York City in 2013, and are also implicated in some of a dozen attacks that have infiltrated the U.S. power grid system in the last decade, say two separate reports this week.
Source:CBC | Business News http://ift.tt/1QVUmtC
Calgary's Canada Boy Vinyl is riding the resurgence of records
Calgary-based Canada Boy Vinyl is making its mark on the record industry. As sales soar internationally, the pressing plant is expanding to meet growing demand.
Source:CBC | Business News http://ift.tt/1OIMRBE
'Free' Aeroplan ticket cost Nova Scotia man $781.30 in surcharges
A Nova Scotia man is questioning why Air Canada is continuing to bill customers for fuel surcharges after he had to pay almost $800 in extra fees for a flight he booked with Aeroplan points.
Source:CBC | Business News http://ift.tt/1MtfQrq
Sanrio probes reported Hello Kitty hack exposing 3.3 million users
Sanrio, the Japanese owner of the Hello Kitty brand, on Monday said it was investigating a report that its database was hacked and private information on 3.3 million users was exposed.
Source:CBC | Business News http://ift.tt/1V2czpM
America's economy expanded at slower pace than first thought in Q3
The U.S. economy grew at a slightly slower pace over the summer than the government had previously estimated. Most economists foresee a slight acceleration in the current quarter and stronger growth in the first half of 2016.
Source:CBC | Business News http://ift.tt/1QIsjiH
Year-end tax tips that can save you big bucks
In the spirit of what can be an expensive season, we’ve gathered a number of expert tips that can result in big savings for Canadians when they next file their taxes. But be warned. Many of these moves have end-of-the-year deadlines.
Source:CBC | Business News http://ift.tt/1QIqm5M
Ford in talks with Google about self-driving cars, report says
Google is said to be in talks with automaker Ford Motor Co to help build the Internet search company's autonomous cars, Automotive News reported, citing a person with knowledge of the project.
Source:CBC | Business News http://ift.tt/1U28xwy
More hotels and airlines are catering to those who travel with animals
FACE it, pets and travel don't mix. The logistics of taking a pet on a trip can get very complex very quickly. First of all there are the legal complications. Earlier this year Johnny Depp was accused of smuggling his dogs past Australian quarantine, something for which his wife, Amber Heard, will face trial next year. But even on domestic trips not all airlines are happy to accommodate our furry friends. Pet friendly hotels, too, can be in short supply. For business travellers the addition of meetings where animals (short of guide dogs) are unlikely to be welcome means that travelling with pets is a no-brainer. Whether it's with family, friends or hired pet-sitters, the pooch stays at home.
For some animal (usually dog) lovers this can be a wrench. It is a shame as well. From Dick Whittington's cat to Laika, the dog who orbited the Earth before mankind, animals...Continue reading
Source:Gulliver http://ift.tt/1ImyTsu
Suncor and COS: The art of the hostile takeover
Earlier this month, Suncor's chief executive wrote to Canadian Oil Sands shareholders saying that "hope is not a strategy." Canadian Oil Sands shot back that Suncor is panicking. It's another skirmish in a fairly typical hostile takeover. But are investors swayed by this kind of rhetoric?
Source:CBC | Business News http://ift.tt/1Jr1iIW
lundi 21 décembre 2015
BMW fined $40M for not fixing Mini Cooper that failed crash test
U.S. safety regulators have slapped German automaker BMW AG with a $40 million penalty for moving too slowly to fix Mini brand cars that failed federal crash tests.
Source:CBC | Business News http://ift.tt/1Il5qPK
Liberals put halt to controversial finance disclosure rules for unions
The federal government has taken its first step towards repealing a controversial law that would have required unions to disclose finite details of their spending.
Source:CBC | Business News http://ift.tt/1MrYtaw
Reebok-CCM told it can't claim hockey helmet protects against concussion
Reebok-CCM has been told by the Competition Bureau that it cannot claim its hockey helmets prevent head injuries such as concussions.
Source:CBC | Business News http://ift.tt/1JpoaIH
De Beers Victor mine fails to monitor mercury risk, environmental group says
Mercury contamination from the De Beers diamond mine in northern Ontario may be much higher than the company — or the provincial government — are reporting, according to a new study by the Canadian Parks and Wilderness Society’s Wildlands League.
Source:CBC | Business News http://ift.tt/1QEIGNd
Provincial finance ministers tell Bill Morneau timing not right for CPP expansion
Provincial finance ministers say the federal government should be in no rush to expand the Canada Pension Plan and instead make infrastructure and health spending the top economic priorities. They are in Ottawa today for a summit hosted by federal Finance Minister Bill Morneau.
Source:CBC | Business News http://ift.tt/1O3VmuQ
Ericsson, Apple end patent fights, agree to create new, faster phones
Swedish telecom firm Ericsson AB has inked a seven-year deal with Apple Inc. that brings an end to patent litigations between the two and paves the way for their joint-development of the next generation of super-fast phones.
Source:CBC | Business News http://ift.tt/1QCgtHd
It's 'pick your number' time for oil, as crude prices within pennies of 2009 low
The price of a barrel of the North American oil benchmark came within a few cents of eclipsing the lowest point it ever got to during the devastating recession of 2009.
Source:CBC | Business News http://ift.tt/1S5gUsD
Eastern skiers desperately seeking snow make last-minute rush for Rockies
With virtually no snow at many resorts in Ontario and Quebec, tour companies are being deluged by eastern powderhounds desperately seeking last-minute accommodation at western ski hills for the holidays.
Source:CBC | Business News http://ift.tt/1kcHEtB
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