John Hancock will sell life insurance only to people who use fitness trackers

John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. The move by the 156-year-old insurer, owned by Canada’s Manulife Financial Corp, marks a major […]

Collapse of Lehman Brothers 10 years ago still looms over Canada’s economy

Ten years ago oil was trading at more than $100 US per barrel, the loonie had risen well above parity with the U.S. dollar, and I Kissed a Girl had put Katy Perry on the map. It was also a decade ago today when the fourth biggest investment bank in the U.S. — Lehman Brothers — filed for the largest […]

TREB gives cease-and-desist letter to realtor who posted home sales data

The Toronto Real Estate Board says it has written to members who posted Greater Toronto Area home sales data requesting to know where they got the numbers from. TREB says the letters are a way of ensuring no one has breached their contracts with the board by “jumping the gun” and releasing data before the […]

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 […]

Scotiabank CEO: U.S.-Mexico breakthrough is a positive, relieves ambiguity

Scotiabank’s CEO believes this week’s breakthrough in trade talks between the United States and Mexico is positive for the bank as it relieves some of the lingering uncertainty about the fate of the North American Free Trade Agreement. “We look forward to the next piece of NAFTA being solved, hopefully in a number of weeks, […]

Lower shipments of cars and car parts push Canadian wholesale sales down in June

Statistics Canada says wholesale sales fell 0.8 per cent in June to $63.1 billion in June. The report was in line with the 0.8 per cent increase economists had expected for the month, according to Thomson Reuters Eikon. The drop came as the motor vehicle and parts subsectors saw sales drop 1.9 per cent to […]

Uber narrows quarterly loss as company polishes tarnished image

Uber is still struggling to make money while the ride-hailing service’s CEO deals with the headaches left behind by his predecessor. The second-quarter results released Wednesday show Uber’s pioneering service continues to reel in more passengers and revenue, despite a variety of debacles that have tarnished its reputation and spurred some disillusioned riders to defect […]

Harley drives deeper into Asia with smaller bikes to fuel growth

Harley-Davidson Inc. is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs. The 115-year-old Milwaukee, Wis.-based company, known for its heavy touring motorcycles, is scrambling to revamp its operations as its […]

Higher prices at Loblaws and cars by subscription: CBC’s Marketplace consumer cheat sheet

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Higher prices on Loblaws shelves If you buy your groceries at Loblaws, you’ll likely be paying more at the checkout soon. Loblaw CEO Galen Weston said Canada’s […]

‘Worse than oil’: Sask. farmers say Husky downplaying damage from salt water leak

The Saskatchewan farming family that owns the land where salt water leaked from a Husky Energy line says the company is “underplaying” the damage.  Ken and Nick Wourms have released aerial photos that show yellowed trees and vegetation in what appears to be the path of the leak, which spilled salt water into the Englishman […]