Sony pulls plug on PlayStation Portable, pushes new Vita as consumers move to...
TOKYO - Sony Corp. is pulling the plug on its hand-held PlayStation Portable video game machine after 10 years.The Japanese electronics and entertainment company has been pushing the successor machine,...
View ArticleEurozone inflation falls to 0.5 per cent, adds pressure on central bank to...
FRANKFURT - Inflation in the eurozone sagged more than expected to 0.5 per cent in May, increasing pressure on the European Central Bank to take action this week to support the weak economic...
View ArticleNova Scotia, P.E.I. Lobster Fisheries Shut Down
The lobster fishery in Nova Scotia has come to a standstill, and some P.E.I. fishermen have been told to tie up their boats. In Nova Scotia, lobster pounds and plants are at near capacity. P.E.I....
View ArticleHillshire Brands board decides to hold talks with rival bidders Tyson Foods,...
NEW YORK, N.Y. - Hillshire Brands says it will hold separate talks with Pilgrim's Pride and Tyson Foods, as the two meat processing heavyweights engage in a bidding war for the maker of Jimmy Dean...
View ArticleRetailer Hudson's Bay Company posts first-quarter Q1 profit on higher sales
TORONTO - Hudson's Bay Company (TSX:HBC) is reporting first-quarter net earnings of $176 million and boosted its retail sales to $1.85 billion in the post-holiday period.The retailer earned 97 cents...
View ArticleTSX to open lower amid eurozone inflation worries, strong Hudson's Bay report
TORONTO - The Toronto stock market headed for a lower open Tuesday as further weak inflation data from the eurozone raised expectations that the European Central Bank will take action to support a...
View ArticleLoonie loses ground as markets look to Bank of Canada interest rate announcement
TORONTO - The Canadian dollar was lower as markets speculated about what message the Bank of Canada will deliver in its next scheduled interest rate announcement on Wednesday.The loonie fell 0.07 of a...
View ArticleMichigan Senate OKs $195 million for Detroit in governor-backed plan to end...
LANSING, Mich. - Michigan's Senate approved on Tuesday spending $195 million to help prevent steeper cuts in Detroit retiree pensions, linking the state with a deal designed to shield valuable...
View ArticleAffordable Housing Isn't Even on the Ontario Election Radar - Why?
Over the past four weeks, pundits, parties and candidates in the Ontario race have talked everything from jobs to transit to past scandals and old grievances. There's one issue, though, that they've...
View ArticleSaving CBC Means They Must Cut Ads and We Must Boost Funding
Andrew Coyne, a reliably astute commentator on most issues of Canadian public policy, has an unfortunate blind spot when it comes to the CBC/Radio-Canada. He apparently thinks that the notion of public...
View ArticleBusinesses Should Move on From Cold Hard Cash
It turns out cash is bad for business. Not cash in the sense of money, but cash in the sense of those wads of shiny plastic bills made up of atoms that many companies, especially small ones, love to...
View ArticleWhile budget vacationers couch-surf, the rich ask for 6-bedroom suites
NEW YORK, N.Y. - Private elevators, personal shopping assistants, six-bedroom suites with their own postal codes. Even helipads. This is what the super-rich have come to expect from hotels.For others,...
View ArticleC.D. Howe's modest proposal on pensions: change RIFF drawdown rules
OTTAWA - The C.D. Howe Institute says it no longer makes sense to have strict rules that force retirees to draw down their registered income funds as they age and says changes are needed so seniors...
View ArticleAnti-flood projects include ripping up city asphalt to allow water run-off
OTTAWA - They paved paradise, and put up a flood zone.Five cities across Canada will see some of their asphalt torn up and replaced with porous brick and gravel this summer to help mitigate the flash...
View ArticleCanada Increasingly Dependent On Resources As Factories, Housing Slide
OTTAWA - The Conference Board's latest barometer of the economy shows Canada's short-term outlook is becoming ever more dependent on commodities. The newest composite leading index for April rose by...
View ArticleStephen Harper and the Climate Change Chamber of Secrets
Recently, I watched a Harry Potter movie with my grandsons, Nolan and Quinn. Lord Voldemort, the archenemy in this wildly successful book and film series, is referred to by a number of ominous...
View ArticleToronto stock market to open little changed: traders look to ECB, U.S. jobs data
TORONTO - The Toronto stock market looked to start off little changed Wednesday as traders anticipate the announcement of stimulus measures to help the eurozone recovery and look to American employment...
View ArticleUS productivity dropped at 3.2 per cent rate in first quarter while labour...
WASHINGTON - U.S. productivity fell even more than previously thought in the January-March period while labour costs rose at a faster pace.The Labor Department says productivity, the amount of output...
View ArticleLower down: traders look to disappointing trade data, interest rate announcement
TORONTO - The Canadian dollar was lower Wednesday as traders awaited the mid-morning announcement from the Bank of Canada on interest rates.The loonie dropped 0.2 of a cent to 91.46 cents US as traders...
View ArticleTrade deficit of $638M in April compared with March surplus: Statistics Canada
OTTAWA - Statistics Canada says merchandise exports declined 1.8 per cent in April, while imports increased 1.4 per cent, pushing the trade balance with the world to a deficit of $638 million from a...
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