Advertisements

Dow Jones, S&P 500 rallies to record highs; TSX racks up 100 points

TORONTO -- Major North American stock markets pushed higher, with the Dow Jones and S&P 500 hitting record levels, as anticipation builds over the corporate policies of U.S. president-elect Donald Trump.
In New York, the Dow Jones industrial average surged 297.84 points at 19,549.62, while the S&P 500 added 29.12 points at 2,241.35.
See Full Article
 

Bovine TB: More cattle quarantined, but officials 'optimistic' worst is over

OTTAWA - The quarantine of cattle in a western Canada bovine tuberculosis outbreak continues to grow, even as no new confirmed cases of the disease have been found.
Officials say, however, they are cautiously optimistic that the number of animals quarantined may have peaked.
See Full Article
 

Starbucks planning to add 12,000 new outlets around the world

Starbucks plans to add 12,000 new locations over the next five years. (David Horemans/CBC News)
Starbucks plans to open 12,000 new locations within five years, boosting the total number of its coffee shops worldwide by almost 50 per cent.
See Full Article
 

Commercial real estate sales hit quarterly record as investors hunt yields

CALGARY - Real estate firm CBRE says Canada hit a record level for commercial real estate sales in the third quarter and is on track to beat an annual record set during the 2007 boom.
See Full Article
 

WestJet pilots union drive takes flight again

The Air Line Pilots Association has formalized its drive to unionize pilots at WestJet.
After months of laying the groundwork, the U.S.-based international union said in a letter to pilots that it is collecting membership cards, and warns about a pushback from the Calgary-based airline.
See Full Article
 

Moose Knuckles reaches deal with Competition Bureau over 'Made in Canada' claims

OTTAWA -- Winter jacket maker Moose Knuckles has reached a deal with the Competition Bureau regarding concerns over its advertising and labelling of certain parkas that are promoted as made-in-Canada.
Under the agreement, reached through mediation, the company has agreed to donate $750,000 over five years to charities in Canada, such as those that provide winter coats to children in need.
See Full Article
 

Coat maker Moose Knuckles resolves made-in-Canada concerns with Competition Bureau

High-end winter jacket maker Moose Knuckles and the Competition Bureau have reached a deal over concerns about made-in-Canada claims in the company's advertising and labelling of some of its parkas.
The deal, which was reached through mediation, will see Montreal-based Moose Knuckles donate $750,000 over five years to Canadian charities, such as those that provide winter jackets to children in need.
See Full Article
 

Starbucks to boost number of shops, add more food to menu

NEW YORK -- Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 per cent.
See Full Article
 

CUPE sues Wynne, cabinet ministers for mixing fundraising and Hydro One sale

TORONTO -- The Canadian Union of Public Employees says its lawsuit against the Ontario premier and two cabinet ministers over the sale of Hydro One is finally headed to court.
CUPE Ontario president Fred Hahn says the suit is aimed at stopping the sale of any more shares in the giant electricity transmission utility while the province is still the majority shareholder.
See Full Article
 

TransCanada to proceed with $655-million northern Alberta natural gas pipeline

CALGARY -- TransCanada Corp. says it's moving ahead with a $655-million expansion of its Nova Gas Transmission Ltd. system in northwestern Alberta.
The company (TSX:TRP) says the Saddle West Expansion Project will add 29 kilometres of pipeline capacity to existing routes, as well as five compressor units, that together will increase the capacity of the system by about 355 million cubic feet per day.
See Full Article
 

Bank of Canada stands pat again, keeps key interest rate at 0.5%

The Bank of Canada has decided to keep its benchmark interest rate where it is, citing a possible slowdown of the economy.
While the economy gained steam through the last half of 2016, it predicts a slowdown ahead, which is why it has decided to keep its benchmark interest rate where it is for now.
See Full Article
 

N.B. to phase out coal, put price on carbon in new climate plan

FREDERICTON -- The New Brunswick government will phase out coal as an electricity source under a new climate change plan that also puts a price on carbon.
Premier Brian Gallant said Wednesday that climate change is the most important issue to face humankind in modern times and New Brunswick must do its part to combat it.
See Full Article
 

ECB seen expanding stimulus amid Trump, Italy uncertainties

FRANKFURT -- Faced with weak growth and inflation across the 19-country eurozone, the European Central Bank is expected to extend its stimulus program for at least another six months when it concludes its latest policy meeting on Thursday.
See Full Article