B.C.'s Budgetary Sleight Of Hand
The funny thing about provincial budgets is that sometimes they tell you a lot more about a government's attitude than what the politicians might have intended when they first wrote the document. Case...
View ArticleB.C. Losing its Tax Advantage -- and Its People
We will not be undersold, the old TV car commercials used to blare. If only the B.C. government would take that message to heart. Like any business, governments are usually careful to make sure their...
View ArticleBuffett's company says 4Q profit up 10 per cent as insurance, rail, energy...
OMAHA, Neb. - Warren Buffett's company said Saturday that fourth-quarter earnings rose 10 per cent to nearly $5 billion as its insurance, rail and energy businesses generated major gains in the...
View ArticleTaseko New Prosperity Mine Rejection Based On Sound Assessment
Earlier this month, Leona Aglukkaq, the federal environment minister, released her decision on the proposed Taseko New Prosperity Mine near Fish Lake, B.C. Based on the environmental assessment...
View ArticleEconomy on front burner this week: traders look to jobs data, rate announcement
TORONTO - Traders will be looking at U.S. jobs data at the end of the week for further clues as to how much this year's severe winter weather has depressed the American economy and employment."This is...
View ArticleUnpaid Internships Backlash Growing In Canada
OTTAWA - Nicholas Smith is a 22-year-old Torontonian, working on his second unpaid internship after graduating from the University of Toronto last year with an ethics degree.Working without pay for...
View ArticleLiam Neeson thriller 'Non-Stop' lands at No. 1 at weekend box office
LOS ANGELES, Calif. - Liam Neeson has grounded the "The Lego Movie."The action star's airliner thriller "Non-Stop" arrived in first place at the weekend box office, effectively ending the Warner Bros....
View ArticleCanadian dollar lower, U.S. currency up, markets shed risk amid Ukraine tensions
TORONTO - The Canadian dollar was modestly lower Monday morning as traders flocked to the safe haven status of the American currency after Russia occupied Ukraine's Crimean peninsula.The...
View ArticleUS consumer spending up 0.4 per cent in January as Americans faced high...
WASHINGTON - Americans spent more in January, but the increase came from a surge in spending on heating bills during the harsh winter. Spending in areas such as autos and clothing declined.Spending...
View ArticleBuffett says some crude oil more dangerous than expected, railroad tank cars...
OMAHA, Neb. - Investor Warren Buffett says it's clear that railroad tank cars carrying crude oil need to be updated because oil from certain regions has the potential to be more dangerous than...
View ArticleOsisko drops lawsuit in takeover battle, Goldcorp offer extended to April 15
MONTREAL - Osisko Mining Corp. (TSX:OSK) said Monday it has settled a lawsuit it filed against Goldcorp Inc. (TSX:G) as part of the Montreal-based company's fight against a hostile takeover by the...
View ArticleUS construction up tiny 0.1 per cent in January with strength coming from...
WASHINGTON - U.S. construction spending showed a tiny increase in January as strength in housing helped to offset declines in nonresidential building and government projects.Construction spending edged...
View ArticleFalling Loonie Sinks Canadians' Travel Plans: Study
More than 40 per cent of Canadians say they are less likely to travel this spring thanks to the falling loonie, a new study from BMO Insurance says. British Columbians were the most likely to say they...
View ArticleShares of Russian companies traded in US plummet as tensions rise over...
NEW YORK, N.Y. - Shares of Russian companies traded in the U.S. are plummeted Monday as the country's military forces streamed into Ukraine, raising the possibility of sanctions by Western...
View ArticleMichelin to reduce small tire manufacturing, laying off about 500 in Nova Scotia
PICTOU, N.S. - Michelin Canada has announced it will reduce the manufacturing of small tires at one of its plants in Nova Scotia, laying off about 500 workers.The company says the move is in response...
View ArticleChrysler Canada sales up 10 per cent; Ford Canada down slightly from year ago
TORONTO - Chrysler Canada reported Monday a 10 per cent increase in sales compared with a year ago as it sold 18,522 vehicles last month.The U.S. automaker said the sales compared with 16,832 in the...
View ArticleCanadian Housing Markets To Decline 30%, Pimco Says
The house price correction that some market analysts have been predicting for Canada for years will begin this year, says the world’s largest bond fund. House prices in Canada will fall as much as 30...
View ArticleEzra Levant Sued For Libel By Saskatchewan Lawyer Khurrum Awan
TORONTO - A Saskatchewan lawyer is alleging Sun News Network host Ezra Levant defamed him in a series of blog posts and is seeking $100,000 in damages.Khurrum Awan was completing his articling and...
View ArticleUS manufacturing boosted in February by orders and stockpiles, though...
WASHINGTON - U.S. manufacturing expanded more quickly last month as companies received more orders and boosted their stockpiles.A measure of production fell to its lowest level in nearly five years,...
View ArticleBillionaire Warren Buffett offers wit and wisdom on variety of topics in...
Investor Warren Buffett discussed topics ranging from the state of the U.S. economy to rail car safety, the proposed Keystone gas pipeline and extreme weather swings during a three-hour appearance on...
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