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Restaurant Brands shares rise as Tim Hortons parent unveils plan for revamp + MORE Apr 24th
Restaurant Brands International Inc. announced a plan to improve the customer experience and improve sales at its Tim Hortons operations as it reported better-than-expected financial results, despite what it called soft results at the coffee shop chain..... More »
The best GIC rates in Canada for 2025 + MORE Jul 14th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Survey finds 1/3 of Canadians can’t pay monthly bills as rates set to rise + MORE Jan 15th
CALGARY _ A new survey suggests a third of Canadians can’t pay their monthly bills, including debt repayments, against a backdrop of rising interest rates.
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight .... More »
Justin Trudeau appoints Richard Wagner next Supreme Court chief justice + MORE Dec 12th
Daniel Sabourin/Laforest et Sabourin
OTTAWA — Prime Minister Justin Trudeau has appointed Justice Richard Wagner to be the next chief justice of the Supreme Court of Canada.
Wagner was born in Montreal and earned a law degree from the University of Ottawa in 1979.
He practised law for more than 20.... More »
Markets slide as Trump's tariff war escalates - BBC.com Feb 3rd
Markets slide as Trump's tariff war escalates BBC.comForbes Daily: Markets Brace As Trump Triggers Trade War Among Allies ForbesMarkets in Asia, Europe slide as Trump starts wielding tariffs The Washington PostStocks tumble and dollar surges as Trump unleashes trade .... More »
There's more to Rogers' ownership of the Blue Jays than money
– theglobeandmail.com
Marketing strategies and family sentiment will drive Rogers’s final decision on non-core assets like the Blue Jays
Retailer HBC reports $243M third quarter loss, sales down from year ago
– canadianbusiness.com
VANCOUVER _ Canada’s oldest department store chain lost $243 million in its latest quarter as some Hudson’s Bay Co. banners failed to grow sales.
The retailer (TSX:HBC) said Wednesday the third-quarter loss amounted to $1.33 per diluted share for the 13 weeks ended Oct. 28 compared with a loss of $125 million or 69 cents per diluted share a year ago.
While the Hudson’s Bay and Saks Fifth Avenue businesses performed well, consolidated comparable sales fell 3.2 per cent on a constant currency basis and 5.1 per cent as reported.
The company’s other banners, which include Lord and Taylor, Gilt, and German department store group Galeria Kaufhof, recorded declines.
“We are not satisfied with these results and we know that we can do better,” said Edward Record, the company’s chief financial officer, during a conference call with analysts.
Hurricanes disrupted stores in Texas, Florida and Puerto Rico, he said, and a “large reduction” in the company’s workforce during the previous quarter caused some operational disruptions, especially in the company’s digital business…
The retailer (TSX:HBC) said Wednesday the third-quarter loss amounted to $1.33 per diluted share for the 13 weeks ended Oct. 28 compared with a loss of $125 million or 69 cents per diluted share a year ago.
While the Hudson’s Bay and Saks Fifth Avenue businesses performed well, consolidated comparable sales fell 3.2 per cent on a constant currency basis and 5.1 per cent as reported.
The company’s other banners, which include Lord and Taylor, Gilt, and German department store group Galeria Kaufhof, recorded declines.
“We are not satisfied with these results and we know that we can do better,” said Edward Record, the company’s chief financial officer, during a conference call with analysts.
Hurricanes disrupted stores in Texas, Florida and Puerto Rico, he said, and a “large reduction” in the company’s workforce during the previous quarter caused some operational disruptions, especially in the company’s digital business…
Bank of Canada holds rate but cautiously signals hikes are on the horizon
– canadianbusiness.com
OTTAWA _ The Bank of Canada stuck with its trend-setting interest rate Wednesday _ but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.
The central bank has now left the rate locked at one per cent for two straight policy announcements after the strengthening economy prompted it to raise it twice in the summer.
In announcing its latest decision, the bank pointed to several recent positives that could support higher rates in the coming months. They included encouraging job and wage growth, sturdy business investment and the resilience of consumer spending despite higher borrowing costs and Canadians’ heavy debt loads.
On top of that, there’s increasing evidence in the economic data that the benefits from government infrastructure investments have begun to work their way through the economy, the bank said.
But on the other hand, the bank noted exports had slipped more than expected in recent months after a powerful start to the year, although it continues to predict trade growth to pick up due to rising foreign demand…
The central bank has now left the rate locked at one per cent for two straight policy announcements after the strengthening economy prompted it to raise it twice in the summer.
In announcing its latest decision, the bank pointed to several recent positives that could support higher rates in the coming months. They included encouraging job and wage growth, sturdy business investment and the resilience of consumer spending despite higher borrowing costs and Canadians’ heavy debt loads.
On top of that, there’s increasing evidence in the economic data that the benefits from government infrastructure investments have begun to work their way through the economy, the bank said.
But on the other hand, the bank noted exports had slipped more than expected in recent months after a powerful start to the year, although it continues to predict trade growth to pick up due to rising foreign demand…
World at “pivot point,” needs to embrace openness free trade, PM says
– canadianbusiness.com
GUANGZHOU, China _ The world is at a “pivot point” and will fail unless countries embrace free trade and elevate their citizens who have been left behind by globalization, Prime Minister Justin Trudeau warned Wednesday.
Trudeau delivered that dire, anti-protectionist message to a high-powered business audience at a major international conference in this bustling southern Chinese city of Guangzhou.
Trudeau came to the Fortune Global Forum, a Davos-style gathering of the world’s business elite, to sell Canada as good place for foreign investment, but he went off script and delivered a stern warning about the dangers of allowing protectionism and inequality to flourish.
“We are at a pivot point in the world right now, where we decide whether we work together in an open and confident way and succeed or whether we all falter separately and isolated,” he said.
“As that anxiety spreads, people start to turn inwards. They start to close off. They start to get fearful,” he added…
Trudeau delivered that dire, anti-protectionist message to a high-powered business audience at a major international conference in this bustling southern Chinese city of Guangzhou.
Trudeau came to the Fortune Global Forum, a Davos-style gathering of the world’s business elite, to sell Canada as good place for foreign investment, but he went off script and delivered a stern warning about the dangers of allowing protectionism and inequality to flourish.
“We are at a pivot point in the world right now, where we decide whether we work together in an open and confident way and succeed or whether we all falter separately and isolated,” he said.
“As that anxiety spreads, people start to turn inwards. They start to close off. They start to get fearful,” he added…
WestJet, Delta sign preliminary deal to deepen cross border partnership
– canadianbusiness.com
WestJet and Delta Air Lines plan to form a joint venture that will enhance transborder service and deepen the relationship between the two companies.
They said in a statement early Wednesday that the joint venture, which has yet to be approved, would increase travel choices between Canada and the United States along with enhanced frequent flyer benefits.
Calgary-based WestJet Airlines Ltd. (TSX:WJA) and Delta said their preliminary agreement anticipates co-ordinated schedules for new destinations and expanded codesharing, which allows each partner to book seats on the other’s flights.
The airlines said the planned joint venture is subject to board and regulatory approvals in both the U.S. and Canada.
“This agreement will bring heightened competition and an enriched product offering to the transborder segment,” said WestJet executive vice-president Ed Sims.
“This is an important step in WestJet’s mission to become a global airline.”
The deal with Atlanta-based Delta was announced as WestJet unveiled financial targets through 2020 that analyst Doug Taylor of Canaccord Genuity said “echo well-received guidance provided by Air Canada several months ago…
They said in a statement early Wednesday that the joint venture, which has yet to be approved, would increase travel choices between Canada and the United States along with enhanced frequent flyer benefits.
Calgary-based WestJet Airlines Ltd. (TSX:WJA) and Delta said their preliminary agreement anticipates co-ordinated schedules for new destinations and expanded codesharing, which allows each partner to book seats on the other’s flights.
The airlines said the planned joint venture is subject to board and regulatory approvals in both the U.S. and Canada.
“This agreement will bring heightened competition and an enriched product offering to the transborder segment,” said WestJet executive vice-president Ed Sims.
“This is an important step in WestJet’s mission to become a global airline.”
The deal with Atlanta-based Delta was announced as WestJet unveiled financial targets through 2020 that analyst Doug Taylor of Canaccord Genuity said “echo well-received guidance provided by Air Canada several months ago…
