After projecting a surplus in the spring budget, the Saskatchewan government now says it's expecting a $292-million deficit.
Source:CBC | Business News http://ift.tt/1fS19W1
lundi 31 août 2015
Saskatchewan expects $292M deficit due to fires, oil price collapse
Source:CBC | Business News http://ift.tt/1fS19W1
Saskatchewan expects $292M deficit due to fires, oil price collapse
After projecting a surplus in the spring budget, the Saskatchewan government now says it's expecting a $292-million deficit.
Source :CBC | Business News http://ift.tt/1fS19W1
Bankruptcies and insolvencies up 10% in June compared to previous year
Insolvencies by both consumers and businesses were up 10 per cent in June, compared with the year earlier month, according to a report from Statistics Canada.
Source:CBC | Business News http://ift.tt/1LOG3WY
Bankruptcies and insolvencies up 10% in June compared to previous year
Insolvencies by both consumers and businesses were up 10 per cent in June, compared with the year earlier month, according to a report from Statistics Canada.
Source :CBC | Business News http://ift.tt/1LOG3WY
How bad are the numbers? Notley government forecasts record $5.9B deficit
Alberta now forecasts it will end the year with a record $5.9-billion deficit, up more than $800 million from March, as the steep drop in oil prices forces finance officials to revise their estimates.
Source :CBC | Business News http://ift.tt/1O4ajur
Hydro-Quebec teams with New England firm on proposed power line to New Hampshire
Hydro-Quebec is teaming up with New England energy company Eversource on a proposed new transmission line that would bring hydroelectricity into New Hampshire.
Source :CBC | Business News http://ift.tt/1O4ajuq
How bad are the numbers? Notley government forecasts record $5.9B deficit
Alberta now forecasts it will end the year with a record $5.9-billion deficit, up more than $800 million from March, as the steep drop in oil prices forces finance officials to revise their estimates.
Source:CBC | Business News http://ift.tt/1O4ajur
Hydro-Quebec teams with New England firm on proposed power line to New Hampshire
Hydro-Quebec is teaming up with New England energy company Eversource on a proposed new transmission line that would bring hydroelectricity into New Hampshire.
Source:CBC | Business News http://ift.tt/1O4ajuq
TSX set to end rough August with a thud
August is shaping up to be the cruelest month in stock markets this year, with stocks in Europe and Asia down 11 per cent since the beginning of the month and the TSX down 4.8 per cent.
Source:CBC | Business News http://ift.tt/1hsj0E4
Canadian Jeep Cherokee SUVs part of windshield wiper recall
Fiat Chrysler is recalling 206,668 Jeep Cherokee SUVs because the windshield wipers can stop working unexpectedly.
Source:CBC | Business News http://ift.tt/1hsj0E2
TSX set to end rough August with a thud
August is shaping up to be the cruelest month in stock markets this year, with stocks in Europe and Asia down 11 per cent since the beginning of the month and the TSX down 4.8 per cent.
Source :CBC | Business News http://ift.tt/1hsj0E4
Canadian Jeep Cherokee SUVs part of windshield wiper recall
Fiat Chrysler is recalling 206,668 Jeep Cherokee SUVs because the windshield wipers can stop working unexpectedly.
Source :CBC | Business News http://ift.tt/1hsj0E2
Oil price spikes above $47 as EIA shows U.S. pumping less crude
The price of North America's dominant blend of oil jumps by about six per cent in less than two hours to trade above $47 a barrel for the first time in a month.
Source :CBC | Business News http://ift.tt/1MXZD1F
General Mills aims to cut greenhouse gas emissions 28% in 10 years
General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 per cent by 2025 — not just within its own operations but from farm to fork to landfill.
Source :CBC | Business News http://ift.tt/1EtgF6p
Fast promises on slow internet in the North
Federal leaders are making more promises about delivering faster internet to rural communities — promises that have been made many times before to people in the North.
Source :CBC | Business News http://ift.tt/1N4Eepi
Oil price spikes above $47 as EIA shows U.S. pumping less crude
The price of North America's dominant blend of oil jumps by about six per cent in less than two hours to trade above $47 a barrel for the first time in a month.
Source:CBC | Business News http://ift.tt/1MXZD1F
General Mills aims to cut greenhouse gas emissions 28% in 10 years
General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 per cent by 2025 — not just within its own operations but from farm to fork to landfill.
Source:CBC | Business News http://ift.tt/1EtgF6p
Fast promises on slow internet in the North
Federal leaders are making more promises about delivering faster internet to rural communities — promises that have been made many times before to people in the North.
Source:CBC | Business News http://ift.tt/1N4Eepi
Canadian Oil Sands production target at risk from Syncrude fire
An analyst says Canadian Oil Sands is at risk of missing its production targets because of a fire at a Syncrude oilsands plant over the weekend.
Source :CBC | Business News http://ift.tt/1Kz186i
Canadian Oil Sands production target at risk from Syncrude fire
An analyst says Canadian Oil Sands is at risk of missing its production targets because of a fire at a Syncrude oilsands plant over the weekend.
Source:CBC | Business News http://ift.tt/1Kz186i
Toronto, Vancouver housing affordability deteriorates to 'risky' levels: RBC
Rising prices in Vancouver and Toronto pushed housing affordability closer to “risky levels” in the second quarter of 2015, according to a report from RBC.
Source :CBC | Business News http://ift.tt/1Js0kvI
Student debt collection to ramp up, according to government documents
Hundreds of thousands of university and college students could find themselves under more pressure than ever to repay billions of dollars in loans and grants.
Source :CBC | Business News http://ift.tt/1KX7ckK
Nova Scotia gas shortage could last for days, says Wilson Fuel VP
A late delivery of gasoline to the Imperial Oil terminal in Dartmouth has caused many gas stations across the province to run out of fuel.
Source :CBC | Business News http://ift.tt/1IyFYzd
Toronto, Vancouver housing affordability deteriorates to 'risky' levels: RBC
Rising prices in Vancouver and Toronto pushed housing affordability closer to “risky levels” in the second quarter of 2015, according to a report from RBC.
Source:CBC | Business News http://ift.tt/1Js0kvI
Student debt collection to ramp up, according to government documents
Hundreds of thousands of university and college students could find themselves under more pressure than ever to repay billions of dollars in loans and grants.
Source:CBC | Business News http://ift.tt/1KX7ckK
Nova Scotia gas shortage could last for days, says Wilson Fuel VP
A late delivery of gasoline to the Imperial Oil terminal in Dartmouth has caused many gas stations across the province to run out of fuel.
Source:CBC | Business News http://ift.tt/1IyFYzd
Nestle responds to allegations slave labour used to make Fancy Feast cat food
Nestle says 'forced labour has no place in our supply chain' following a U.S. class action lawsuit that alleges the Swiss food company knowingly supported a system of slave labour and human trafficking to make its Fancy Feast cat food.
Source :CBC | Business News http://ift.tt/1Q3ueuB
Nestle responds to allegations slave labour used to make Fancy Feast cat food
Nestle says 'forced labour has no place in our supply chain' following a U.S. class action lawsuit that alleges the Swiss food company knowingly supported a system of slave labour and human trafficking to make its Fancy Feast cat food.
Source:CBC | Business News http://ift.tt/1Q3ueuB
Nearly 90,000 women signed up on AshleyMadison last week, company claims
Avid Life Media Inc., the Toronto company at the centre of the data hack of its infidelity website AshleyMadison.com, says reports of its imminent demise are greatly exaggerated, and claims hundreds of thousands of new users have signed up since the breach.
Source:CBC | Business News http://ift.tt/1fR6tsQ
Nearly 90,000 women signed up on AshleyMadison last week, company claims
Avid Life Media Inc., the Toronto company at the centre of the data hack of its infidelity website AshleyMadison.com, says reports of its imminent demise are greatly exaggerated, and claims hundreds of thousands of new users have signed up since the breach.
Source :CBC | Business News http://ift.tt/1fR6tsQ
Recession? Knowing if we're in one matters: Don Pittis
Are we or aren't we? Statistics Canada releases figures Tuesday showing whether we are in a technical recession. Don Pittis looks at what those numbers really mean to Canadians.
Source :CBC | Business News http://ift.tt/1VqUguR
Alberta's oilpatch has already shed 35,000 jobs this year
After years of struggling to find enough staff, energy companies have now shed 35,000 positions, many of them in the services sector. With energy prices still very low, more cuts are likely to come.
Source :CBC | Business News http://ift.tt/1UhbopY
Back to school 2015: Budget tips for post-secondary students
Many post-secondary students find themselves with a large sum at their disposal to pay for school and, financial experts say, lack the savvy to handle it well.
Source :CBC | Business News http://ift.tt/1ievuA2
Recession? Knowing if we're in one matters: Don Pittis
Are we or aren't we? Statistics Canada releases figures Tuesday showing whether we are in a technical recession. Don Pittis looks at what those numbers really mean to Canadians.
Source:CBC | Business News http://ift.tt/1VqUguR
Alberta's oilpatch has already shed 35,000 jobs this year
After years of struggling to find enough staff, energy companies have now shed 35,000 positions, many of them in the services sector. With energy prices still very low, more cuts are likely to come.
Source:CBC | Business News http://ift.tt/1UhbopY
Back to school 2015: Budget tips for post-secondary students
Many post-secondary students find themselves with a large sum at their disposal to pay for school and, financial experts say, lack the savvy to handle it well.
Source:CBC | Business News http://ift.tt/1ievuA2
dimanche 30 août 2015
Sky-high condo swaying in the breeze? Call Canada's wind tamers
Canadian-engineered wind dampers are becoming a necessary amenity for luxury condo developers around the world as skyscrapers get lighter, taller and more prone to swaying in the wind.
Source :CBC | Business News http://ift.tt/1Lv6nFj
Sky-high condo swaying in the breeze? Call Canada's wind tamers
Canadian-engineered wind dampers are becoming a necessary amenity for luxury condo developers around the world as skyscrapers get lighter, taller and more prone to swaying in the wind.
Source:CBC | Business News http://ift.tt/1Lv6nFj
samedi 29 août 2015
News Corp. could face U.K. charges over phone hacking
British prosecutors say they are considering corporate charges against media baron Rupert Murdoch's News Corp. over the phone hacking fiasco at the now-defunct News of the World tabloid.
Source:CBC | Business News http://ift.tt/1KufCUN
News Corp. could face U.K. charges over phone hacking
British prosecutors say they are considering corporate charges against media baron Rupert Murdoch's News Corp. over the phone hacking fiasco at the now-defunct News of the World tabloid.
Source :CBC | Business News http://ift.tt/1KufCUN
Market turmoil; the consequences
AUGUST does seem to specialise in episodes of market turmoil, whether one looks back to 2007 (when the subprime crisis really started to bite) or 2011 when the eurozone debt crisis seemed to spread to Spain and Italy. The fact that so many traders and investors are on holiday must make a difference. Liquidity is low; juniors are in charge of investment funds and may be unwilling to act as buyers when prices fall.
On return from his holiday, your blogger sees a number of implications of the market move. The fundamental rationale was that markets seemed to catch up with a theme made repeatedly in previous posts; that the slowdown in world trade growth (particularly Asian exports) and falling commodity prices indicated there was a problem with growth in emerging markets, particularly China.
But many investors will have been struck by the sheer ferocity of this week's moves, which saw the Dow Jones Industrial Average open more than 1,000 points lower on Monday and blue chips like GE and Pepsi fall more than 20% at this stage. Some were reminded of the flash crash of 2010, when markets...Continue reading
Source :Business and finance http://ift.tt/1LJsmss
vendredi 28 août 2015
China's great fall, loonie's swan dive & some mushy math on taxes: BUSINESS WEEK WRAP
From fears that China's stock bubble is overinflated, to some new numbers meant to show how overtaxed Canadians are, it was a busy week in the business news. Good thing the CBC's Jacqueline Hansen is here to walk you through the week that was in her video recap.
Source:CBC | Business News http://ift.tt/1EnJJvW
China's great fall, loonie's swan dive & some mushy math on taxes: BUSINESS WEEK WRAP
From fears that China's stock bubble is overinflated, to some new numbers meant to show how overtaxed Canadians are, it was a busy week in the business news. Good thing the CBC's Jacqueline Hansen is here to walk you through the week that was in her video recap.
Source :CBC | Business News http://ift.tt/1EnJJvW
How censors are keeping Chinese citizens in the dark about "Black Monday"
What was behind China's big stock market fall this week? According to Chinese media reports, the answer had nothing to do with the country's economic weakness. As government censors suppress information about the market crash, Day 6 talks to an anonymous activist who unblocks censored information in China.
Source:CBC | Business News http://ift.tt/1IqsiWT
Reaction to China's panda bear market shows traders are nervous: Don Pittis
Summer markets are always looking for a reason to panic. This year China has been a good excuse, but a sharp reset in China's youthful market is only a superficial justification for the world's nervous reaction.
Source:CBC | Business News http://ift.tt/1hYvTX0
How censors are keeping Chinese citizens in the dark about "Black Monday"
What was behind China's big stock market fall this week? According to Chinese media reports, the answer had nothing to do with the country's economic weakness. As government censors suppress information about the market crash, Day 6 talks to an anonymous activist who unblocks censored information in China.
Source :CBC | Business News http://ift.tt/1IqsiWT
Reaction to China's panda bear market shows traders are nervous: Don Pittis
Summer markets are always looking for a reason to panic. This year China has been a good excuse, but a sharp reset in China's youthful market is only a superficial justification for the world's nervous reaction.
Source :CBC | Business News http://ift.tt/1hYvTX0
Royalty review: Alberta set to announce panel and plans
Under increasing pressure from opposition parties and industry, the NDP government is set to release details today about Alberta’s royalty review.
Source:CBC | Business News http://ift.tt/1NM0nb0
McDonald's, Tyson Foods cut off ties to farm where activists allege animal abuse
McDonald's Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists.
Source:CBC | Business News http://ift.tt/1LAfP7P
Royalty review: Alberta set to announce panel and plans
Under increasing pressure from opposition parties and industry, the NDP government is set to release details today about Alberta’s royalty review.
Source :CBC | Business News http://ift.tt/1NM0nb0
McDonald's, Tyson Foods cut off ties to farm where activists allege animal abuse
McDonald's Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists.
Source :CBC | Business News http://ift.tt/1LAfP7P
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