The Associated Press DETROIT General Motors is recalling more than 473,000 trucks and SUVs in the U.S. and Canada because the brake pedals can come loose and fail to work properly. The recall covers certain 2015 and 2016 Chevrolet Silverado HD, GMC Sierra HD and Chevrolet Tahoe police vehicles. GM […]
National Business
The Associated Press NEW YORK Canadian utility Fortis is buying electric transmission company ITC Holdings in a cash-and-stock deal valued at about $6.9 billion as it looks to further diversify its business. ITC owns and runs high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma. ITC Holdings […]
The Canadian Press TORONTO Falling stock markets have not changed how most Canadian investors view their portfolios, a new poll suggests. The online poll released Tuesday and conducted for CIBC (TSX:CM) found that 58 per cent of people surveyed say they’re sticking with their long-term investment strategy despite the recent […]
By Craig Wong The Canadian Press OTTAWA As Canadians review their year-end investment statements and prepare to meet with their financial advisers ahead of the RRSP deadline, stock markets are taking a rocky ride. Amid the market turmoil, portfolio manager Adrian Mastracci of KCM Wealth says it is back to […]
By Larry Lage The Associated Press NASHVILLE Gary Bettman said his relationship with the union has never been better. Perhaps that’s why he is willing to stick around as NHL commissioner into the next decade. Bettman signed a contract through 2022, he confirmed in an interview Sunday on the NHL […]
The Canadian Press TORONTO The percentage of Canadians who plan on contributing to their RRSP before the deadline at the end of next month is down slightly from last year, according to a poll issued by the Bank of Montreal. However, the survey found that those who have already contributed […]
By Joan Lowy The Associated Press WASHINGTON A U.N. panel recommended Wednesday that cargo shipments of rechargeable lithium batteries be banned from passenger airliners because the batteries can create fires capable of destroying planes, said aviation officials familiar with the decision. The International Civilian Aviation Organization’s air navigation commission, the […]
By Brandon Bailey The Associated Press SAN FRANCISCO Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world’s most valuable company. The tech […]
Two major U.S. airlines are offering refunds to passengers worried about the Zika virus outbreak in many tropical countries. United Airlines says customers booked to fly to areas affected by the virus can reschedule or get refunds. American Airlines says it will give refunds to pregnant women who were planning […]
By Michael Kunzelman The Associated Press BATON ROUGE, La. A decade-old oil leak that could last for another century was caused by an “act of God” during a hurricane in the Gulf of Mexico, the president of the company responsible said Wednesday. Taylor Energy President William Pecue told a gathering […]
By Ross Marowits The Canadian Press MONTREAL Canadian Pacific Railway has asked the U.S. Department of Justice to get involved in its battle to acquire Norfolk Southern. The Calgary-based railway wants U.S. antitrust authorities to conduct a review of what it alleges is an illegal co-ordinated effort by major U.S. […]
The Canadian Press OTTAWA Nearly a third of young Canadians admit they are “not at all knowledgeable” about retirement savings plans, according to a survey done for TD Bank. The report also suggested that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings […]
