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Business News
March 19, 2010
David Dodge, former governor of the Bank of Canada, says Canadians need to save far more if they want to retire comfortably - even those Canadians who think they have great company pension plans and solid RRSPs.
Second cup to convert to corporation, reports Q4 profit of $4.1 million
March 19, 2010
MISSISSAUGA, Ont. - Coffee store chain operator Second Cup Income Fund (TSX:SCU.UN) returned to...
Auto sector collapse pushes trade with U.S. and Mexico to fall 23 per cent in 2009
March 19, 2010
A structural change in demand for autos and wood products will likely limit growth in North American...
Canadian bookworms shouldn't expect parity on the price of their books
March 19, 2010
Cloy Hinbest picked up a bestseller at a downtown Toronto bookstore, and was immediately struck by...
March 18, 2010
As if knowing what your friend had for lunch wasn't enough, now you can see where she was eating it...
Park Lawn buries conversion
March 18, 2010
Cemetery operator Park Lawn Income Trust announced yesterday it is putting its planned conversion to a corporate structure on hold as a result of changes to federal tax law.
High Canadian dollar here to stay, economists say
March 18, 2010
OTTAWA - The Canadian loonie is again flying near parity with the U.S. greenback - but this time no one is surprised and most expect the currency to remain aloft for years.
World Bank says China should grow 9.5 pct in 2010 but must control inflation, asset bubbles
March 18, 2010
BEIJING - The World Bank raised its China growth forecast this year to 9.5 per cent from 9 per cent on Wednesday but said Beijing needs to cool inflation and possible bubbles in real estate prices.
Sean Durfy decides family trumps role as chief executive of WestJet
March 17, 2010
CALGARY - As Sean Durfy navigated Canada's second-largest airline through a ruthless economic environment, he was simultaneously dealing with turbulent times for his young family.
Toyota officials apologize, but Ottawa says now investigating automaker's action
March 16, 2010
OTTAWA - Ottawa is launching an investigating into Toyota Canada's handling of consumer concerns about the safety of its vehicles, Transport Minister John Baird said Tuesday.
Recall woes to cost Toyota cash, but analysts expect eventual recovery
March 17, 2010
TOKYO - A massive global recall, mounting legal bills and a battered reputation add up to a very expensive problem for Toyota.
Restructuring nuclear medicine firm MDS posts first-quarter loss of $43 million
March 17, 2010
TORONTO - Nuclear medicine company MDS Inc. has completed its restructuring into a smaller medical isotope business, but an ongoing shutdown at a key nuclear reactor continues to strain its primary source of revenue.
PepsiCo to stop selling sugary drinks from schools worldwide by 2012
March 17, 2010
NEW YORK - PepsiCo plans to remove sugary drinks from schools worldwide, following the success of programs in the U.S. aimed at cutting down on childhood obesity.
Many Canadian firms learning to cope with strong dollar: think tank report
March 16, 2010
OTTAWA - With the loonie once again nearing parity with the U.S. dollar, a new report on the currency is giving hope it may not be the menace to the economy many believe it to be.
Air Canada CEO says Montreal should become international transport hub
March 16, 2010
MONTREAL - Emirate Airlines' desire to expand service to Canada, high government taxes and fees all threaten Montreal's ability to become a major international hub, says the chief executive of Air Canada.
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