FATCA tax deal forces Canadian banks to send info to IRS

When Canada's banks reopen for business on July 2, they will begin formally operating as informants for the United States Internal Revenue Service — the IRS. Financial institutions in Canada will be required to ask all new and existing clients opening a...

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Canadian economy expands by less than expected in April

Canada's economy expanded in April, but not by as much as economists had been expecting. Statistics Canada reported Monday that Canada's service sector expanded during the month, but the output of goods-producing industries actually declined. "There...

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GM compensation plan for ignition switch scandal to be unveiled Monday

When Kenneth Feinberg announces the terms of General Motors' plan to pay victims of crashes caused by bad ignition switches, he'll have an open wallet. Feinberg, the country's most well-known compensation expert, is scheduled to reveal the terms Monday,...

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Guaranteed $20K income for all Canadians endorsed by academics

A group of academics and activists is trying to drum up interest in an ambitious plan to provide every Canadian with a guaranteed minimum level of income — whether or not they have a job. Rob Rainer, a campaign director for the Basic Income Canada Network,...

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TransPacific Partnership deal elusive as talks set for Ottawa

Next week, hundreds of negotiators from 11 Asia-Pacific countries descend on Ottawa as part of the Trans-Pacific Partnership (TPP) talks, viewed as the next big free trade deal after the European pact known as CETA. But Ottawa is barely acknowledging...

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Loonie takes aim at 94 cents US

The Canadian dollar tested six-month highs Friday, but analysts say they don't expect the loonie's recent strength to be the new normal. The Canadian dollar rose almost three-tenths of a cent to close at 93.80 cents US Friday — its fourth...

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GM issues 4 more recalls covering 500,000 vehicles; 57,000 in Canada

General Motors announced late Friday four more safety recalls covering more than half a million vehicles worldwide, including more than 57,000 in Canada. It's the 48th recall the automaker has announced this year. More than 20 million vehicles...

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Supreme Court sides with Quebec unionized Wal-Mart workers

The Supreme Court of Canada has sided with the union representing former Wal-Mart employees who claimed the company violated Quebec labour law when it abruptly closed its store in Jonquière, Que., not long after the workers voted to unionize. In a 5-2...

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Google gadgets, why Pride pays & summer of staycations: Business Week Wrap

An interesting week in financial news opened with a developer conference hosted by Google that showed what the technology giant has up its sleeve in its continuing attempts to move beyond being just a search engine on your desktop computer, and...

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Pick-and-Pay cable would mean changes to local TV funding, say Bell, Rogers

Two of Canada's biggest telecommunications companies, Bell and Rogers, are clashing over the future of local television and who should pay for it. In its submissions to the CRTC, Bell said it believes changes should be made by the regulator to allow...

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Pershing Square can go ahead with its call for Allergan shareholder meeting

Pershing Square Capital Management will begin to seek support from Allergan shareholders to call a special meeting to remove six directors after reaching a deal that ensures the Botox maker's poison pill defence from a hostile takeover bid isn't triggered....

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Supreme Court sides with Quebec unionized Wal-Mart workers

The Supreme Court of Canada has sided with the union representing former Wal-Mart employees who claimed the company violated Quebec labour law when it abruptly closed its store in Jonquière, Que., not long after the workers voted to unionize. In a 5-2...

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Loonie takes aim at 94 cents US

The Canadian dollar tested six-month highs Friday, but analysts say they don't expect the loonie's recent strength to be the new normal. The Canadian dollar rose almost three-tenths of a cent to close at 93.80 cents US Friday — its fourth...

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Google gadgets, why Pride pays & summer of staycations: Business Week Wrap

An interesting week in financial news opened with a developer conference hosted by Google that showed what the technology giant has up its sleeve in its continuing attempts to move beyond being just a search engine on your desktop computer, and...

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GM issues 4 more recalls covering 500,000 vehicles; 57,000 in Canada

General Motors announced late Friday four more safety recalls covering more than half a million vehicles worldwide, including more than 57,000 in Canada. It's the 48th recall the automaker has announced this year. More than 20 million vehicles...

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Quebec unionized Wal-Mart workers win Supreme Court victory

The Supreme Court of Canada has sided with the union representing former Wal-Mart employees who claimed the company violated Quebec labour law when it abruptly closed its store in Jonquière, Que., not long after the workers voted to unionized. In a...

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Sobeys closing 50 stores across Canada

Closing some stores will enhance the overall performance of the chain, CEO Marc Poulin said. (Nathan Denette/Canadian Press) Grocery store chain Sobeys Inc. will close about 50 underperforming stores across Canada following its $5.8-billion acquisition...

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Russia haggles over Ukraine ceasefire extension

Russia would welcome a three-day extension of a ceasefire in east Ukraine but it must not simply delay an "ultimatum" for  separatists to lay down their arms, Foreign Minister Sergei Lavrov was quoted as saying on Friday. "We hope that this does...

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CRTC races to stay ahead of telecom system in flux

The chair of the Canadian Radio-television and Telecommunications Commission admits the regulator is dealing with an outdated rulebook and says his goal is to modernize the entire system by the end of his five-year term. Jean-Pierre Blais, who took...

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Encana to sell Bighorn assets to Jupiter Resources for $1.8B

Encana has focused on cost-cutting so far under Doug Suttles. (The Canadian Press) Calgary-based energy company Encana will sell its Bighorn operations in Alberta to another Alberta-based ompany, privately-held Jupiter Resources for $1.8 billion....

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Great Lakes' low water levels could cost $19B by 2050

Unclear if water level rebound since 2013 is start of a trend, new report by the Mowat Centre says The Canadian Press Posted: Jun 26, 2014 10:49 AM ET Last Updated: Jun 26, 2014 10:49 AM ET External Links (Note: CBC does not...

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Google starts editing EU search results post privacy ruling

Google has begun deleting some search results at the request of its users, following a court ruling that European Union citizens have a right to ask for the removal of embarrassing personal information that pops up on a search of their names. Several...

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Pay TV won the Aereo battle, but they haven't won the cord-cutting war

Although Aereo lost a landmark court decision, the underlying business case for conventional paid television has been shaken to its core, experts say. (Ed Bailey/Associated Press) Just because Aereo's business model has been shot down by the Supreme...

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Tsilhqot'in First Nation granted B.C. title claim in Supreme Court ruling

The Supreme Court of Canada has granted declaration of aboriginal title to more than 1,700 square kilometres of land in British Columbia to the Tsilhqot'in First Nation, the first time the court has made such a ruling regarding aboriginal land. The...

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CBC to cut back supper-hour news, in-house productions

The CBC is shifting its priorities from television and radio to digital and mobile services, a move that will reduce staff, and supper-hour news broadcasts and programs produced in-house, says CBC president and CEO Hubert T. Lacroix. "We used to...

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Google developer conference: Android news expected

An Android update, wearable gadgets and so-called smart home devices are just some of the innovations Google is likely to show off at its two-day developer conference, which begins Wednesday in San Francisco. In recent years, the conference has focused...

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Recreational property sales rebounding, Remax says

The Canadian Press Posted: Jun 25, 2014 7:31 AM ET Last Updated: Jun 25, 2014 7:31 AM ET Realtor group Remax says young families and near and recent retirees are driving the majority of recreational property sales across the country....

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U.S. targets Canadian ships with proposed inspection fee hike

Canadian cargo ships may soon be facing a hefty new bill at American ports on the Great Lakes. The U.S. Department of Agriculture has proposed a significant hike on inspection fees and the elimination of annual inspection caps on Canadian ships sailing...

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