By Marley Jay The Associated Press NEW YORK — The Dow Jones industrial average burst through the 25,000 point mark Thursday, just five weeks after its first close above 24,000. The Dow passed five 1,000-point barriers in 2017 on its way to a 25 per cent gain for the year, […]
National Business
By David Paddon The Canadian Press TORONTO — Defined-benefit pension plans in Canada generally ended 2017 in better financial condition than they’ve experienced for most of the past decade, according to figures released Wednesday by Mercer. The international pension consulting firm’s Canadian index of pension health based on a hypothetical, […]
By Ross Marowits The Canadian Press MONTREAL — Some Canadian companies that earn a high share of their revenues in the United States stand to save big from a large reduction in the corporate tax rate, say industry experts. New Flyer (TSX:NFI) and Boyd Group Income Fund (TSX:BYD.UN), which earn […]
By Aleksandra Sagan The Canadian Press VANCOUVER — Loblaw Companies Ltd. is offering customers a $25 gift card as a goodwill gesture after admitting the company participated in an industry-wide bread price-fixing arrangement. “This conduct should never have happened,” said Galen G. Weston, CEO, during a conference call with analysts […]
The Canadian Press MONTREAL — The Canadian Securities Administrators has issued a warning about risks associated with products linked to cryptocurrencies as interest in the space continues to rise. The umbrella organization for Canada’s provincial and territorial securities regulators singled out futures contracts in its warning, noting that while they […]
The Associated Press ATLANTA–Minutes after its midnight deadline to get the electricity back on at the world’s busiest airport, Georgia Power announced early today that power had been fully restored to Hartsfield-Jackson Atlanta International, where more than 1,000 flights were grounded just days before the start of the Christmas travel […]
The Canadian PressDavid Paddon TORONTO–Canadian supporters of “net neutrality” say a U.S. regulator’s vote to repeal Obama-era restraints on internet service providers is a step in the wrong direction because it will tip the balance of power towards large commercial interests. The head of CIRA, the organization that registers and […]
The Associated PressMarcia Dunn CAPE CANAVERAL, Fla.–A record-tying eighth planet has been found in a faraway solar system, matching our own in number. Even more amazing, machines and not humans made the discovery. NASA joined with Google yesterday to announce the finding. This eighth planet orbits the star known as […]
By David Paddon The Canadian Press TORONTO — Canadian supporters of “net neutrality” say a U.S. regulator’s vote to repeal Obama-era restraints on internet service providers is a step in the wrong direction because it will tip the balance of power towards large commercial interests. The head of CIRA the […]
By Joe McDonald THE ASSOCIATED PRESS BEIJING — Chinese authorities have commandeered supplies of natural gas to heat homes, forcing chemical plants and factories to shut down, after efforts to clear smog-choked air by banning coal use backfired by causing energy shortages in frigid weather. The disruption highlights the government’s […]
The Associated Press NEW YORK–The “Silence Breakers,” those who have shared their stories about sexual assault and harassment, have been named Time magazine’s Person of the Year. Numerous women have spoken out publicly since October about sexual misconduct by dozens of high-profile men in entertainment, media, business, and sports. Time […]
By Anne D’Innocenzio The Associated Press NEW YORK — Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon’s increasing dominance, The world’s largest retailer, based in Bentonville, Arkansas, said Wednesday it will change its legal name […]