10 tax-filing myths that could cost you money

A certain amount of folklore has developed over the years around the income tax system and the filing of tax returns, but many of those age-old perceptions are no longer accurate. Here are 10 tax-filing myths and the facts that could mean extra money...

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Delay casts suspense over Bank of Canada governor selection

With the announcement due in days, the overwhelming odds remain that second-in-command Tiff Macklem will be appointed the next governor of the Bank of Canada. Yet the nearer the date approaches to Mark Carney's June 1 departure for London, questions...

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Big retailers meet with lobby group to discuss sweatshops

A number of Canadian retailers will meet today with the Retail Council of Canada to talk about working conditions in third-world sweatshops. The issue jumped into the spotlight last Wednesday, when an eight-storey building housing garment factories...

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Neil Macdonald: The 'monarchs of money' and the war on savers

Quietly, without much public fuss or discussion, a new ruling class has risen in the richer nations. These men and women are unelected and tend to shun the publicity hogged by the politicians with whom they co-exist. They are the world's central bankers....

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Foreign worker program changes expected today

The federal government is expected to announce details today of changes to the temporary foreign workers program that will require employers to do more to find Canadian workers so they don't have to look elsewhere. The expected changes come after a...

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Don Pittis: An ethical shopping trip means more than comparing price tags

Amidst the anguish of the families in Bangladesh as they pull dead and injured out of a collapsed factory building, it seems trite to talk about the price of underwear. But this is the place where the horrible reality of developing country manufacturing...

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Bank of Canada to reveal new $5, $10 bills Tuesday

Canada's central bank is set to introduce new $5 and $10 bank notes next week, the final additions to its series of polymer bills designed to thwart counterfeiters and last longer than paper currency. The new bills will eventually join the $100, $50...

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Revenue Canada says BitCoins aren't tax exempt

Just in time for tax season, the Canada Revenue Agency says the users of Bitcoins will have to pay tax on transactions in the upstart digital currency. BitCoins are a fringe online currency that entered the mainstream this year after speculators rushed...

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Retailers feel consumer fallout over Bangladesh factory collapse

As rescuers continued to pull corpses and survivors from the rubble of a collapsed garment factory in Bangladesh, some consumers in Canada were shocked to learn that items from their favourite brands were made there. The building collapsed Wednesday,...

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10 tax-filing myths that could cost you money

A certain amount of folklore has developed over the years around the income tax system and the filing of tax returns, but many of those age-old perceptions are no longer be accurate. Here are 10 tax-filing myths and the facts that could mean extra money...

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Wall Street cuts tens of thousands of jobs since 2008

Banks aren't the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley...

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The hacked tweet that sank Wall Street

It took less than 140 characters to wipe out almost $140 billion from the stock market this week, as a fake report from The Associated Press of a bombing of the White House had investors running for the exits. A little after 1:07 in the afternoon on...

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U.S. economy expands at faster pace

U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year. The Commerce...

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Delays push expected Keystone XL start date to late 2015

TransCanada Corp. said Friday its controversial and long-delayed Keystone XL pipeline will likely be in service in the second half of 2015 — months later than its previous estimate as the company continues to await U.S. government approval for the project....

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Retailers feel consumer fallout over Bangladesh factory collapse

As rescuers continued to pull corpses and survivors from the rubble of a collapsed garment factory in Bangladesh, some consumers in Canada were shocked to learn that items from their favourite brands were made there. The building collapsed Wednesday,...

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TSX scores triple-digit gain on higher commodity prices

Solid gains in the price of oil and gold helped to power the Toronto stock market to its biggest one-day percentage gain in more than eight months Wednesday. The S&P/TSX composite index ended the day 179.49 points at 12,270.43 — a gain of 1.5 per...

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Barrick Gold shareholders vote against executive pay plan

Shareholders of Barrick Gold. Corp. voted against an executive pay resolution at the company's annual meeting on Wednesday as the gold miner launched a plan to slash at least half a billion dollars in costs across its operations. Barrick had come under...

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Air Canada offers novel funding plan for new 777 jets

Air Canada confirmed Wednesday that it plans to tap into a novel way — at least in Canada — of financing the purchase of five new Boeing 777 aircraft. The Montreal-based airline announced the private offering of three tranches of enhanced equipment...

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Fiat mulls buying rest of Chrysler

Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 per cent of Chrysler, according to a person briefed on the matter. The plan to sell shares of a combined company is among several options being evaluated...

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Spain's unemployment rate hits record 27%

Spain's National Statistics Institute says the country's unemployment rate shot up to a record 27.2 per cent in the first quarter of 2013. The agency said Thursday the number of people unemployed rose by 237,400 people in the first three months of the...

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EPA repeats Keystone XL objections

The Environmental Protection Agency again is raising objections to the proposed Keystone XL pipeline that would carry oil from western Canada to the Texas Gulf Coast. Despite more than four years of study, the State Department's analysis of the project's...

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Canada Post to face $1B loss by 2020

Falling mail volumes will result in Canada Post losing a billion dollars a year by 2020, the Conference Board of Canada said Tuesday in a report that suggests some controversial ways the Crown corporation could address the problem. The Conference Board...

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