Business News

Aeroplan announces big plans for its revamped program but members still skeptical

Aeroplan has announced ambitious plans to transform itself into a rewards program that doubles as a travel agency. But industry experts and members have questions about what direction it will take.

Sat, 21 Jul 2018 04:00:00 EDT
IMF warns G20 that tariffs will harm global economy as Trump threatens escalation

The International Monetary Fund is warning world economic leaders that a recent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened a major escalation in his dispute with China.

Sat, 21 Jul 2018 12:46:38 EDT
Higher crude prices and weaker loonie could offer provinces royalty windfall

Alberta, Saskatchewan, and Newfoundland and Labrador poised for unexpected gains from resource royalties.

Sat, 21 Jul 2018 04:00:00 EDT
'This is madness': Auto industry warns U.S. lawmakers of dire tariff consequences

The world's automotive industry gathered in Washington with uncharacteristic unity to deliver a singular message to American policymakers: If you start a trade war with tariffs on cars, you'll shoot yourself in the foot.

Fri, 20 Jul 2018 13:08:28 EDT
Teamsters members at CP Rail ratify new contract

Unionized conductors and locomotive engineers at Canadian Pacific have voted in favour of a new four-year collective agreement.

Fri, 20 Jul 2018 16:52:58 EDT
Japan resumes Canadian wheat imports after suspension

Ottawa says Japan has ended its temporary suspension of Canadian wheat imports.

Fri, 20 Jul 2018 15:04:48 EDT
Trump's Fed criticism prompts fears he's questioning bank's independence

U.S. President Donald Trump took his second shot in as many days at the man he hand-picked to run his central bank on Friday, saying the Federal Reserve's current plan to raise interest rates will hurt his administration and penalize the economy.

Fri, 20 Jul 2018 10:24:25 EDT
Inflation rate rises to highest level in 6 years at 2.5%

The cost of living in Canada is going up at its fastest pace since 2012, new numbers from Statistics Canada show, as gas prices have risen by almost 25 per cent since last summer.

Fri, 20 Jul 2018 08:54:36 EDT
Aimia shares surge after it announced Aeroplan program changes in 2020

Aeroplan's parent company received its biggest boost since announcing a change in CEO in April after its shares surged more than eight per cent Friday after it unveiled changes to the loyalty program once its exclusive partnership with Air Canada ends in 2020.

Fri, 20 Jul 2018 07:17:01 EDT
Provinces agree to raise personal exemption for interprovincial booze sales

The amount of liquor individuals can bring across a provincial boundary for personal use is set to at least double, following a deal struck at the Council of the Federation meetings in Saint Andrews, N.B.

Fri, 20 Jul 2018 04:00:00 EDT
Trump ready to hit all Chinese imports with tariffs

President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs.

Fri, 20 Jul 2018 10:34:55 EDT
Loblaws mails $25 gift cards to shoppers who refused to send ID for price-fixing compensation

Loblaws has sent $25 gift cards to some customers who never expected to get one after they refused to send the retailer a copy of their ID. The cards are compensation for Loblaws's role in a national bread price-fixing scandal.

Fri, 20 Jul 2018 04:00:00 EDT
Canada warns of retaliatory tariffs as U.S. mulls 25% levy on imported cars

Manufacturers, suppliers, car dealers and foreign diplomats will line up to testify today at a Washington hearing to try to head off auto tariffs, a move that even automakers in the U.S. are asking the administration not to implement.

Thu, 19 Jul 2018 09:51:41 EDT
Trump says he's 'not happy' about Fed rate hikes

President Donald Trump is casting aside concerns about the Federal Reserve's independence and saying he's "not happy" with the central bank's interest rate increases.

Thu, 19 Jul 2018 13:49:28 EDT
Shares of pot company Tilray surge in first day of trading on Nasdaq

Shares of Tilray Inc. jumped on Thursday as it became the first Canadian cannabis company to launch an initial public offering on a U.S. stock market.

Thu, 19 Jul 2018 12:45:41 EDT
Ottawa still searching for Trans Mountain buyer, says new natural resources minister

Ottawa's ownership of the Trans Mountain pipeline will be short lived, vows newly-appointed Natural Resources Minister Amarjeet Sohi.

Thu, 19 Jul 2018 12:54:43 EDT
Comcast blinks in fight with Disney for Twenty-First Century Fox

Cable and media company Comcast said Thursday that it is dropping its bid for Twenty-First Century Fox's entertainment business, instead focusing on its pursuit of the European pay-TV operator Sky.

Thu, 19 Jul 2018 11:22:22 EDT
De Beers Canada plans to acquire Peregrine Diamonds, take over Nunavut diamond project

De Beers Canada has announced a $107 million agreement to acquire all outstanding securities of Peregrine Diamonds Ltd.

Thu, 19 Jul 2018 12:32:32 EDT
Family's $500K inheritance seized by U.S. border officials

An Ottawa man acting as an executor of a will says TD Canada Trust gave him "faulty advice" to mail $500,000 in bank drafts to family members in the U.S. a move that caught the attention of U.S. border officials, who seized the money. Executor David Saikaley worries the family may never see that money.

Thu, 19 Jul 2018 04:00:00 EDT