Germany blocks EU caps on emissions to protect car industry

Germany has blocked a European Union agreement on capping car carbon emissions because the deal could have cost jobs and harmed its domestic auto industry, officials said Friday. The blunt admission that Europe's biggest economy put business interests...

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Big banks ratcheting up mortgage rates again

Some of Canada's biggest banks have been inching up their mortgage rates in recent weeks, with Royal Bank being the latest to announce an increase Friday. The hike is the second in a month and will take effect next week. The bank said it is boosting...

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BlackBerry shares down 27% on TSX

BlackBerry, based in Waterloo, Ont., reported a first-quarter net loss of $84 million US on Friday, compared to a $518-million net loss a year ago, but short of expectations. (Jonathan Hayward/Canadian Press) Shares in BlackBerry were down 27 per cent...

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New rules on wireless spectrum transfers aim to limit 'undue concentration'

The federal government has introduced new rules that will make it harder for wireless companies to sell the spectrum they use to transmit cellphone signals to other players in the market. Transfers of licences governing wireless spectrum, the radio...

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Air Canada offers more compensation for bumped passengers

Air Canada says it's willing to pay compensation of up to $800 to passengers who are bumped from overbooked domestic flights. In documents filed Friday to the Canadian Transportation Agency, the airline proposed that passengers who are delayed from...

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Germany blocks EU caps on emissions to protect car industry

Germany has blocked a European Union agreement on capping car carbon emissions because the deal could have cost jobs and harmed its domestic auto industry, officials said Friday. The blunt admission that Europe's biggest economy put business interests...

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Big banks ratcheting up mortgage rates again

Some of Canada's biggest banks have been inching up their mortgage rates in recent weeks, with Royal Bank being the latest to announce an increase Friday. The hike is the second in a month and will take effect next week. The bank said it is boosting...

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BlackBerry shares down 27% on TSX

BlackBerry, based in Waterloo, Ont., reported a first-quarter net loss of $84 million US on Friday, compared to a $518-million net loss a year ago, but short of expectations. (Jonathan Hayward/Canadian Press) Shares in BlackBerry were down 27 per cent...

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New rules on wireless spectrum transfers aim to limit 'undue concentration'

The federal government has introduced new rules that will make it harder for wireless companies to sell the spectrum they use to transmit cellphone signals to other players in the market. Transfers of licences governing wireless spectrum, the radio...

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Air Canada offers more compensation for bumped passengers

Air Canada says it's willing to pay compensation of up to $800 to passengers who are bumped from overbooked domestic flights. In documents filed Friday to the Canadian Transportation Agency, the airline proposed that passengers who are delayed from...

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CRTC approves Bell-Astral merger

Canada's telecommunications regulator has approved BCE Inc.'s $3.4-billion takeover of Montreal-based media giant Astral Media Inc., but with several conditions that the Canadian Radio-television and Telecommunications Commission says will protect the...

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BlackBerry shares open 25% lower on TSX

BlackBerry, based in Waterloo, Ont., reported a first-quarter net loss of $84 million US on Friday, compared to a $518-million net loss a year ago, but short of expectations. (Jonathan Hayward/Canadian Press) Shares in BlackBerry were down by as much...

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Canada ekes out 0.1% GDP gain in April

Canada's GDP eked out a gain of 0.1 per cent in April, extending a growth streak that's continued since the start of the year and in line with what experts were expecting. Statistics Canada said the service sector expanded by 0.3 per cent, while the...

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Calgary floods spotlight cities' costly failure to plan for climate change

Many Canadian cities and towns are ill-prepared for the rising frequency of catastrophic weather events like the southern Alberta floods, and it's a problem that taxpayers will ultimately end up paying for, climate change experts say. "There are other...

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New rules on wireless spectrum transfers unveiled

Related External Links Read the new policy (Note:CBC does not endorse and is not responsible for the content of external links.) The Conservative government has unveiled new guidelines for companies that want to sell their wireless spectrum...

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Aeroplan points set to switch to TD from CIBC

The company that runs the Aeroplan loyalty points plan says it's prepared to accept an offer from Toronto-Dominion Bank to move its business over from rival Canadian Imperial Bank of Commerce. Aeroplan began as Air Canada's frequent flyer program but...

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Rona to shut 11 stores, cut 925 staff

Rona Inc. will close 11 unprofitable stores in two provinces and lay off almost 1,000 sales and administrative staff as part of its ongoing cost-cutting and restructuring efforts, the Quebec-based home improvement retailer announced Thursday. Eight...

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Sobeys to sell 24 theatres in Atlantic Canada

Sobeys is getting out of the movie business. The company announced on Thursday that it will sell 24 of its Atlantic Canadian Empire Theatres to Cineplex Incorporated, including the historic Oxford theatre in Halifax. Sobeys said it is keeping control...

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SNC-Lavalin's UAE project was cover for suspect payments

SNC-Lavalin says a gas project in the United Arab Emirates was used as a cover to transfer $13.5 million to unknown agents, a portion of the $56 million in questionable payments identified by the company in an internal investigation last year. The Montreal-based...

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Toronto propane firm guilty in fatal 2008 blast

The owner of Sunrise Propane has been found guilty of environmental and workplace safety violations following an explosion in 2008 in northwest Toronto that killed a worker and forced thousands from their homes. The company and its directors, Shay Ben-Moshe...

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Settlement ends bitter Porter Airlines strike

A Porter Airlines subsidiary has reached a first agreement with refuellers and customer service employees, ending a more than five-month strike. A tentative deal was approved Monday evening by 85 per cent of the 22 members of the Canadian Office and...

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Keystone XL must not lead to increase in emissions: Obama

Authorities should only approve TransCanada's Keystone XL pipeline if they're certain it won't "significantly exacerbate" greenhouse gas emissions, U.S. President Barack Obama said Tuesday as he unveiled a national plan to combat climate change. In...

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Calgary floods to cost economy billions

Economists say flooding in Alberta will cost Calgary's economy billions of dollars and affect the Canadian economy as a whole. Although the precise economic damage caused by the flooding is hard to measure, economists say it will be widespread and long-lasting....

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Possible Verizon bid for Wind Mobile slams Canadian telecoms

Shares in Canadian telecom giants Rogers, Telus and Bell fell sharply after a report in the Globe and Mail that the largest U.S. cellular company is ready to dip its toe into the Canadian market by buying Wind Mobile. Citing two unnamed sources familiar...

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Pope Francis forms commission to investigate Vatican bank

Pope Francis took a key step Wednesday toward reforming the troubled Vatican bank, naming a commission of inquiry to look into its activities amid a new money-laundering probe and continued questions about the very nature of the secretive financial institution....

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Hershey Canada fined $4M for chocolate price fixing

Confectionery giant Hershey Canada Inc. pleaded guilty and was fined $4 million for its role in a chocolate price-fixing cartel. The company has plead guilty before the Superior Court of Justice in Toronto in relation to the 2007 scheme, the Competition...

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BP calls for probe of Gulf oil spill claims lawyer

BP is calling for an independent investigation into a lawyer working for the administrator reviewing claims arising from the Gulf oil spill who has been accused of collecting portions of settlement payments from a New Orleans law firm to which he had...

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Canada's inflation rate heats up but remains low

Canada's inflation rate rose to 0.7 per cent in May, but remains well below the level that the Bank of Canada and other policymakers like to see in a healthy economy. Statistics Canada reported Friday the consumer price index came in at 0.7 per cent...

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Alberta flood victims mostly out of luck with insurance

Alberta homeowners who hope to make claims with insurers for flood damage will be out of luck in most cases. That's because not all flooding is covered under most insurance policies. The Insurance Bureau of Canada says water that comes in through doors...

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U.S. couple order tie, sent social security numbers instead

With a little more than two weeks to go before their wedding, Emily Dreyfuss's fiancé ordered a tie and pocket square from Gap chain Banana Republic's website to go with his navy blue suit. What the couple got in the mail instead on Thursday would make...

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