TFSA tinkering, high fund feeds and inflation: BUSINESS WEEK WRAP

One of our most popular stories this week was this one, by reporter Aaron Saltzman and CBC's Marketplace, telling you about instalment loans, one of the fastest growing sectors of debt in Canada. Functioning a bit like a payday loan, only for more money...

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Immunovaccine says it's the target of a hoax press release

Halifax-headquartered Immunovaccine Inc. says a press release issued Friday touting a $340 million anthrax and Ebola vaccine deal was a hoax. A press release distributed on PRWeb and GlobeNewswire this morning claimed the U.S. Food and Drug Administration...

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Attempt by brands to capitalize on #TheDress met by mockery, derision

[View the story "Brands embarrass themselves by trying to capitalize on #TheDress" on Storify] Storified by CBC News Community· Sat, Feb 28 2015 01:23:08 Always quick on the uptake when it comes to Tumblr trends, Denny's was in fact one of the...

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Canadian beef restricted by China over BSE case

China has joined Taiwan, Korea, Peru and Belarus in restricting imports of Canadian beef products because of concern over a case of bovine spongiform encephalopathy (BSE) found in Alberta. The Alberta case of BSE — better known as mad cow disease...

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The McDonald's slump: Are golden days of golden arches over?

McDonald's has been making headlines lately, but for all the wrong reasons, sparking speculation that the golden years of the golden arches are over. Food industry analysts don't think McDonald's will go the way of the Woolworth's lunch counter, but...

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Keystone XL won't be decided on until 2017: analyst

Washington DC analyst Chris Sands doesn't expect U.S. President Obama to ever make a decision on Keystone XL. (Pablo Martinez Monsivais/Associated Press) More than a year ago, I interviewed Christopher Sands of the Hudson Institute about the Keystone...

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Bombardier gets OK for maiden test flight of CSeries today

COMING UP LIVE Transport Canada gives OK to test flight of new jet CBC News Posted: Feb 27, 2015 9:14 AM ET Last Updated: Feb 27, 2015 10:23 AM ET Bombardier says it will proceed with the first test flight for its new CSeries jet...

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Instalment loans the new high-interest danger for consumers

At a time when she should be approaching her golden years, 57-year-old grandmother Helen Parry is instead supporting two adult children on a wage that hasn't increased in eight years. "Cost of living rises but the pay doesn't and...

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Apple Watch? Event on March 9 comes a month before launch

'Spring forward' event invitations say Thomson Reuters Posted: Feb 27, 2015 8:50 AM ET Last Updated: Feb 27, 2015 8:53 AM ET External Links (Note: CBC does not endorse and is not responsible for the content of external links.)...

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Halliburton oil services company closing Regina office

Amid low crude prices, international oil services company Halliburton is closing its Regina office. The company says the employees working out of the facility at 100 McDonald St. will be laid off by the end of March. "Halliburton will be suspending...

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Net neutrality winners and losers to be decided today in U.S.

The future of a fair and open internet is at stake in Washington today, with the U.S. Federal Communications Commission expected to vote to regulate internet service like a public good, the way it has been treated in Canada for years. The expected ruling...

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Inflation rate dips to 1% in January on cheaper gasoline

The cost of living increased by one per cent in January, a slower pace of increase than seen in recent months. (Jacques Boissinot/Canadian Press) Canada's inflation rate dropped to one per cent in January, dragged down by cheaper gasoline. The...

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Alberta's oil woes spread beyond the energy industry

It's no secret the steep decline in oil prices are having a significant impact on Canada's energy industry. But the drop in the commodity price is affecting those outside the sector, who rely on resource revenues to help fund new schools,...

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Ford adds 400 jobs at Oakville plant to build new Edge SUV

Ford is expanding production at its Oakville Ontario assembly plant. ((J.P. Maczulski/Reuters)) Ford Motor Co. says it will add 400 new jobs at its assembly plant in Oakville, Ont. where production of the new Ford Edge crossover SUV is set to launch....

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TD hikes dividend as profit tops $2 billion

TD Bank raised its dividend to 51 cents from 47 in releasing quarterly results on Thursday. (Canadian Press) Toronto-Dominion Bank raised its quarterly dividend Thursday as it reported its first-quarter results edged higher compared with a year ago....

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Royal Bank's profit soared to all time record $2.4 billion last quarter

Royal Bank had $2.456 billion of net income in the first quarter, up 17 per cent from a year earlier and better than analyst estimates as its Canadian banking had a record profit on strong growth in fee-based revenue and increased volume. The bank earned...

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Temporary foreign worker mass exodus expected April 1

A mass exodus of temporary foreign workers is on the horizon, employers and lawyers predict. Beginning April 1, low-skill, temporary foreign workers who have been in Canada at least four years will be forced to leave. Most of those workers are employed...

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Everest College closure no surprise to some who call it a scam

The news of Everest College's closure in Ontario came as no surprise to some former students and an ex-teacher. Instead, they say what is shocking is that the private career college they claim was corrupt wasn't shut down a lot sooner. They allege...

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Investment fees are too high, and it's up to us to fix that: Amanda Lang

Investment fees are too high in Canada, Amanda Lang writes. Canadians are allowing themselves to be gouged, and losing a great deal of their own retirement income in the process. Anyone extolling the virtues of saving for your retirement often begins...

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Target Canada drags U.S. retailer's profit down by $4B US in 2014

Target lost $2.6 billion US, or $4.14 per share, in the three months ended Jan. 31, dragged down by huge costs associated with shutting down its poorly executed Canadian expansion, the U.S.-based retailer says. In a move announced last month, Target...

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CN Railway, Unifor avoid lockout with tentative deal

A lockout of about 4,800 Canadian National Railway workers was avoided late Monday when the company and Unifor reached a tentative contract settlement. The agreement was reached less than an hour after the railway's 11 p.m. ET deadline to lock out mechanical,...

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Obama to veto Keystone, but that's not the end for pipeline

An attempt to force U.S. President Barack Obama to approve the Keystone XL pipeline is being rebuffed, with the White House confirming that the president will veto a pro-Keystone bill, the first legislation of its kind passed by Congress. "I would anticipate...

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Doubling TFSA limit will only help wealthy, study argues

A new study into tax-free savings accounts says there is no justification "on either economic or equity grounds" for doubling the contribution limit without conditions. In the last election campaign, the Conservatives promised to double the annual...

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BMO profit dips to just over $1 billion

Bank of Montreal saw its profit dip in the last quarter of 2014. (Liam Richards/Canadian Press) Bank of Montreal reports it had a lower first-quarter profit than last year, although its main Canadian banking arm and other major parts of its business...

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Janet Yellen says Fed will be 'patient' when it comes to raising interest rate

Live CBC News Posted: Feb 24, 2015 10:14 AM ET Last Updated: Feb 24, 2015 10:35 AM ET Federal Reserve Chair Janet Yellen says the Federal Reserve remains patient in deciding when to start raising interest rates because too many...

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In Canada's economy, the West is still the best even with cheap oil: Susan Bonner

Looking west has been the way to track the story of the Canadian economy for some time now. It was the west —specifically Alberta — that delivered most of the growth after the 2008-2009 Great Recession and led Canada's speedier than most recovery. While...

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Honda makes surprise move to replace president over airbag fiasco

Honda Motor Co., the Japanese automaker at the centre of an air-bag defect scandal, said Monday its president Takanobu Ito will step aside and be replaced by another Honda executive. The unexpected decision follows massive recalls by Honda of vehicles...

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CN Rail, Unifor negotiators to resume talks Monday as lockout looms

Canadian National Railway and Unifor are set to resume contract talks Monday in the face of a threat by the company to lock out nearly 5,000 employees. Statements from both sides said there were high-level discussions on Sunday and the two sides have...

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