Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit

Canada’s biggest bank has cut its five-year fixed-term mortgage rate, a move that other banks are likely to try to match in short order. Royal Bank edged the rate on its five-year “special offer” mortgage down to  3.74 per cent, a cut of 0.15 percentage points. Though subtle, the move is likely to prompt similar actions […]

Unifor looks forward to fighting GM Oshawa closure with province and feds

The future of the General Motors Oshawa assembly plant is in talks again on the first day of the 2019 North American International Auto Show. Unifor National President Jerry Dias has met with Ontario Premier Doug Ford and federal minister of innovation, science and economic development, Navdeep Bains, about GM. “It appears as if people […]

Newmont Mining to buy Goldcorp in huge gold merger

Newmont Mining Corp. has signed an agreement to acquire Canadian miner Goldcorp Inc. in a deal it valued at about $10 billion US. The companies announced Monday that Newmont will exchange 0.328 of a share and two cents in cash for each of Goldcorp’s outstanding common shares. The combined company will be called Newmont Goldcorp […]

Canadian home sales fall for 3rd month in row, CREA says

Home sales across the country fell for a third consecutive month in November, as two of what had been the hottest markets, the Greater Toronto Area and the Greater Vancouver Area, reported lower activity. The Canadian Real Estate Association said national home sales through its multiple listing service system dropped by 2.3 per cent last month […]

Canadian Chamber of Commerce solidly backs carbon pricing

The Canadian Chamber of Commerce says the business community in Canada is solidly backing carbon pricing as the way for it to “play its part in the fight against climate change” — and it wants governments to stop playing politics and waffling about it. The group, which bills itself as “the voice of Canadian business” and […]

Canada quietly concludes additional auto talks with Japan

Canada and Japan have agreed to additional trade rules on motor vehicle safety and environmental standards, according to a side letter tabled in the House of Commons Tuesday. The new measures take effect with the rest of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade deal on Dec. 30. North American auto manufacturers — Fiat Chrysler, Ford and […]

Suncor warns oil cutbacks mandated by Alberta government pose safety, operational risks

Forced Alberta government crude oil production cuts next year will result in “unintended consequences” that could include increased safety hazards for its employees, Suncor Energy Inc. warned Friday. Despite the cuts that begin Jan. 1, Canada’s largest integrated oil and gas company forecasts production will grow by 10 per cent in 2019 on a stand-pat […]

New Tim Hortons coffee lids leak too much, some customers say

New Tim Hortons coffee lids were supposed to reduce that pesky leakage problem, but some customers claim they’ve actually made it worse. Meanwhile, the company insists many customers have given the lids a solid thumbs-up. The restaurant chain started testing a revised design — a raised lid with a maple leaf insignia — in six locations in August following complaints that […]

Sleep Country Canada buys online mattress firm Endy for $89M

Sleep Country Canada has agreed to buy online mattress seller Endy for $89 million. The two companies announced a deal Thursday evening that will see the retail mattress chain buy the Canadian mattress maker for $63.7 million in cash now, plus up to another $25 million in three years if certain growth and profitability targets are achieved. […]

Ordering flowers online and funeral home upselling: 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.  Testing ‘Canada’s official florist’ After hearing from Marketplace viewers, we tested one of the biggest online florists to see if what we bought would match what we got. Ottawa-based Bloomex advertises “fast, fresh and […]