Statistics Canada says family net worth $243,800 in 2012, up 44.5% from 2005
OTTAWA - Canadian families have become wealthier during the past several years, with net worth rising despite the well-documented growth in household debt and the set-back from the recession, a new...
View ArticleTim Hortons To Add 500 Canadian Locations, 300 U.S. Locations By 2018
TORONTO - Tim Hortons Inc. (TSX:THI) sees significant room for growth in its core Canadian business and plans to add 500 locations in this country and 300 in the United States by 2018.The restaurant...
View ArticleUS consumer confidence index dips in February on concerns over business...
WASHINGTON - U.S. consumer confidence fell slightly in February over concerns about the near-term outlook for business conditions and jobs.The Conference Board says that its confidence index dipped to...
View ArticleSNC-Lavalin appoints U.S. nuclear executive to head Candu Energy
MONTREAL - SNC-Lavalin has appointed a former chief nuclear officer from a major U.S. power producer to head its Candu Energy unit based in Toronto.Preston Swafford, who will be chief executive of...
View ArticlePro-Seal Hunt Group To Receive Funds From Newfoundland And Labrador
ST. JOHN'S, N.L. - Newfoundland and Labrador will help fund an awareness campaign that it says is aimed at combatting misconceptions around the seal industry.Fisheries Minister Keith Hutchings says the...
View ArticleThe Key to Spurring Development in This Mega-Region
43North.org, the world's largest business ideas competition, will steal the show in Toronto this week to open Wednesday's Startup Grind fireside chat with Age of Context co-author and legendary tech...
View ArticleCalgary Prosperity Second To Paris In Toronto Board Of Trade 2014 Scorecard
For the second year in a row, Calgary is holding a second place finish in overall prosperity, sitting only behind Paris, according to the Toronto Board of Trade's annual Scorecard on Prosperity. The...
View ArticleRich Foreigners Are The Best Thing To Happen To New York City
My husband and I live in Toronto, but we just bought a condo on 57th Street in a 25 year-old building. I have owned a condo in New York since 2005, and we moved to a bigger place near One57, or...
View ArticleRoyal Bank Q1 Profit Rises To $2.09 Billion, Dividend Going Up
TORONTO -- Royal Bank of Canada (TSX:RY) says its first-quarter net income was $2.09 billion, up two per cent from a year earlier despite recording a loss on the sale of RBC Jamaica. Royal Bank chief...
View ArticleToronto stock market chalks up modest gain, Royal Bank posts strong earnings
TORONTO - The Toronto stock market advanced Wednesday amid a strong earnings report from Royal Bank (TSX:RY) and mixed results from key retailers.The S&P/TSX composite index gained 18.31 points to...
View ArticleForgotten Bank Accounts Translate To Big Bucks For Federal Coffers
OTTAWA - When it comes to balancing the country's books, it's the equivalent of finding loose change under a couch cushion.But each penny surely counts for a Conservative government desperate to press...
View ArticleInvestment in construction, machinery to rise this year: StatsCan
OTTAWA - Statistics Canada says public and private organizations and the housing sector intend to invest $404.5 billion in construction and machinery and equipment in 2014, up 1.4 per cent from...
View ArticleLoonie drifts lower, greenback strengthens on better than expected housing data
TORONTO - The Canadian dollar was lower Wednesday amid positive U.S. housing data..The currency was off 0.15 of a cent to 90.05 cents US.The U.S. dollar strengthened further mid-morning amid data...
View ArticleUS bank earnings up 17 per cent in 4Q, loan losses fall to 7-year low; 2013...
WASHINGTON - U.S. banks' earnings rose 17 per cent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as...
View ArticleSupreme Court allows investor lawsuits over Stanford Ponzi scheme to go forward
WASHINGTON - The Supreme Court ruled Wednesday that the victims of former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward with class-action lawsuits against the law firms and...
View ArticleUS sales of new homes jump 9.6 per cent in January to fastest pace in more...
WASHINGTON - U.S. sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by...
View ArticleTarget Canada Loses Nearly US$1 Billion Since Opening In March
Target Corp.'s Canadian stores lost nearly US$1 billion in less than a year of operations as the Minneapolis-based discount retailer began its first expansion outside the United States.The...
View ArticleWealth Redistribution Through Taxes Not A Drag On Economic Growth: IMF Paper
OTTAWA - A new paper by researchers at the International Monetary Fund appears to debunk a tenet of conservative economic ideology — that taxing the rich to give to the poor is bad for the economy.The...
View ArticleTeddy Awards: Harper Government Gets Wasteful Spending Prize For Ad Blitz
OTTAWA - The federal government has been given a dubious award for spending millions of tax dollars to promote a job grant that doesn't yet exist.Employment and Social Development Canada was named...
View ArticleCaisse de depot generates 13,1 per cent return in 2013, assets grow to $200.1...
MONTREAL - The Caisse de depot et placement du Quebec had another strong year in 2013, led by growth in the value of its U.S. equities that helped generate a 13.1 per cent annual return on...
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