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Why OPEC has no choice but to keep pumping more oil

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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 …

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

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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 …

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

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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 …

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

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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 …

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

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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 …

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

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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 …

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

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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 …

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Disappointing railway data could mean a buying opportunity

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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 …

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

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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 …

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More information on HollisWealth settlement with MFDA could have been useful

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It was unfortunate timing: In the same week when Bank of Nova Scotia was announcing the launch of its new Scotia Wealth Management brand, another one of its units was being fined and censured by its industry association, the Mutual Fund Dealers Association of Canada. But you would never know …

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