Home / Business


Cyber Monday deals: What online retailers are offering in Canada today


Black Friday has come and gone and today is Cyber Monday, when e-commerce sites roll out more deals. The term Cyber Monday was coined a decade ago, when retailers noticed a spike in online holiday shopping on the Monday after Thanksgiving. The reason: Many people returned to work and used …

Read More »

Why OPEC has no choice but to keep pumping more oil


On Friday, Paris was full of people trying to change the world and Vienna was full of people trying to cope with a changing world. This is not a coincidence. So this is what winning looks like: OPEC's 'victory' against rivals comes at heavy price While OPEC’s strategy has cancelled …

Read More »

RBC’s rewards program teams up with Airbnb in sign that upstart has ‘arrived’


Canada’s biggest bank is forming a partnership with Airbnb Inc., offering RBC Rewards members double the points when they book accommodations through the home-sharing service. The promotion for RBC Rewards Visa cardholders runs through Feb. 29, with clients earning twice the usual number of points for every Canadian dollar spent on an …

Read More »

Free rent for a month? Calgary, Edmonton landlords try to woo renters as prices fall


CALGARY – As oil continues to slide, Alberta landlords are offering more and more incentives in an attempt to woo renters to their properties at the same time as rental prices are falling in the province’s two largest cities. The number of houses, condos and apartments for rent in Calgary …

Read More »

Chipotle CEO apologizes over illnesses, vows restaurant chain will be ‘safest place to eat’


WASHINGTON — Chipotle founder and co-Chief Executive Officer Steve Ells on Thursday apologized to patrons who fell ill after eating at the company’s restaurants, and pledged that sweeping new food safety practices will prevent such outbreaks in the future. “This was a very unfortunate incident and I’m deeply sorry that …

Read More »

Lululemon Athletica Inc founder Chip Wilson reveals he considered buying Under Armour in 2012


Lululemon Athletica Inc. founder Chip Wilson, who split from the company over strategy disagreements, said he once considered acquiring Under Armour Inc., a deal that would have combined two of the biggest brands in athletic apparel. “Three years ago, when I was chairman and Lululemon was worth twice as much …

Read More »

Finance Minister Bill Morneau says fiscal responsibility, new advisory council will help kickstart economy


TORONTO – Canada’s new finance minister Bill Morneau gave his first public speech Monday, outlining how his government plans to kickstart a sluggish Canadian economy. Speaking to business professionals at a Toronto Region Board of Trade luncheon, Morneau focused on what has become a new Liberal talking point: moving away …

Read More »

OSFI takes aim at banks’ residential mortgage capital requirements to keep pace with rising house prices, household debt


TORONTO Canada’s top banking regulator is planning to change the amount of capital banks must hold against residential mortgages to keep up with the rapid rise in house prices and highly leveraged buyers in some markets. Observers said the move, together with an announcement Friday by the federal government to …

Read More »

Disappointing railway data could mean a buying opportunity


Weak North American rail traffic in the first 10 weeks of the fourth quarter may set up a buying opportunity for investors. Following signs of health early in the quarter, things have taken a turn for the worse through November and early December. Raymond James analyst Steve Hansen noted that …

Read More »

EU court backs airlines, including Air Canada, reversing fine over air freight price fixing


Air France-KLM and 10 other airlines, including Air Canada, have won a challenge against a near 800 million-euro (US$1.2-billion) fine for fixing air freight charges, with Europe’s second highest court saying on Wednesday that it found the EU decision contradictory. The European Commission in a 2010 finding said that 11 …

Read More »