Bank of Canada ponders pros and cons of digital currencies
The Bank of Canada is considering the potential benefits and harms of digital currencies such as bitcoin. Carolyn Wilkins, the central bank's senior deputy...
UK insurers warned about reserves by the Prudential Regulation Authority
British insurers have been warned by the Prudential Regulation Authority about the hazards of using their accumulated reserves against claims to shore up profits.
The...
Canadians donating 8 percent more to charity
Canadians are currently donating an average of $624 to charity, which is 8% more than in 2013, says a BMO Charitable Giving Poll released...
Update 1 – Cameron warns Putin to stop destabilizing Ukraine or face further sanctions
British Prime Minister David Cameron warned Russian President Vladimir Putin that if he carries on “destabilizing” Ukraine, Russia risks facing further and more severe...
Microsoft beats Exxon and Google in global market value league table
Microsoft Corporation is now the second largest company in market value worldwide, pushing Exxon Mobil and Google into third and fourth places respectively. The...
TSX up for fifth successive week on Friday, as natural resources shares jumped
The Toronto Stock Exchange (TSX) rose on Friday, posting its fifth consecutive weekly increase as surging commodity prices pushed up natural resources shares and...
EU accuses Netherlands of illegal Starbucks tax deal
European Union antitrust regulators have ruled that a deal between Starbucks and Dutch authorities could be illegal as the Netherlands is giving the coffee-shop...
ScottishPower ordered by regulator to improve customer service or face sales ban
ScottishPower has been ordered by Ofgem to improve its service or face a sales ban. The regulator said that the energy company has to...
US consumer sentiment hits 7-year high driven by cheap gas and low unemployment
Consumer sentiment in the United States in November has jumped to a 7-year high as citizens express greater optimism due mainly to cheaper gasoline...
Canada factory sales jumped 2.1% in September driven by aerospace business
Canadian factory sales increased by 2.1% in September to $46.57 billion, which was higher than the 1% average economists at the Royal Bank of...