Manulife shares rise after rules over insurance deposits clarified

Two of Canada’s largest life insurance companies welcomed a Saskatchewan government decision that clarifies the rules for a type of insurance policy that’s been the focus of civil suits against them. Manulife Financial Corp. and IA Financial Group say they expect substantial aspects of the litigation against them will be resolved as a result of […]

‘Simons has just upped the ante’: Retail giant moves to $16 per hour minimum wage

The retail store Simons is raising its entry-level wage in Quebec to $16 per hour — a move that one expert said could end up saving the company money. The retail and online giant told Radio-Canada it would not discuss why it chose to raise wages, but did confirm that all of its employees in Quebec […]

Netflix taps bond markets for $2B US to pay for content

Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion US as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition. Netflix bond prices were little moved immediately after the announcement, but can be expected to fall, […]

MPs committee calling on Morneau to boost deduction for capital investments

Wayne Easter answered the phone in the middle of a quick lunch. The chair of the Commons finance committee was in Winnipeg yesterday with other committee members, listening to submissions on what should be in the next federal budget. Wherever they stop, Easter said, the message heard by committee members is pretty much the same: Canada […]

$40B LNG facility is the light at the end of a long tunnel for Canada’s natural gas sector

On Tuesday morning, hours after LNG Canada announced it would go ahead with its $40-billion export facility on the West Coast, analyst Martin King gave a presentation about the state of the oil and gas industry at the Calgary Petroleum Club in the city’s downtown. The LNG announcement is massive for the natural gas sector, […]

Freeland postpones UN speech today amid NAFTA talks and looming deadline

Foreign Affairs Minister Chrystia Freeland’s marquee speech today to the UN General Assembly has been postponed until Monday, and officials say there is a strong possibility someone else might have to deliver the remarks on Canada’s behalf. Officials in Freeland’s office say the minister, who is in the throes of an intensive, last-stage effort to secure a North […]

RCMP and privacy commissioner probe alleged NCIX data breach

The RCMP and Office of the Information and Privacy Commissioner of British Columbia are investigating allegations of a possible data breach involving the bankrupt computer retailer NCIX. Authorities are investigating a claim that NCIX’s database servers have been advertised for sale online with all of the information still intact. In doing so, it may have compromised the security of countless customers.  […]

TREB must release real estate data today

The Toronto Real Estate Board as of today must release sold prices and other real estate data to its members and allow them to make it public. TREB lost its long legal battle to prevent its members from making that information public on Aug. 23, when the Supreme Court turned down its request to appeal a ruling that […]

Mark Carney agrees to stay at Bank of England until January 2020

The Bank of England’s Mark Carney agreed Tuesday to extend his period as governor by six months until January 2020 to help out in the initial phases of Britain’s exit from the European Union. The announcement from the government and the bank was expected after Carney told lawmakers last week that he was “willing” to extend […]