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...
Loblaw posts big revenue jump after Shoppers Drug Mart acquisition
Loblaw Companies Limited, Canada’s biggest retailer, posted a 35.9% increase in revenue to C$13.599 billion in the third quarter ending October 4th, compared to...
Janet Holder, Enbridge pipeline project leader, announces retirement
Janet Holder will be stepping down as a key executive of Enbridge’s controversial Northern Gateway pipeline project, raising concerns about the company’s plan to...
Canadian home prices rose 0.2 percent in October, driven by Vancouver
Much of Canada’s 0.2% increase in resale home prices in October compared to September was driven by a 1.2% jump in Vancouver. Without including...
Sainsbury’s joins price war in fight for survival
Sainsbury’s posted a pre-tax loss of £290 million for the quarter ending September 27th, while at the same time announcing a £150 million additional...
Canada housing starts in October cool slightly, says CMHC
Canada housing starts in October at 195,707 units were marginally lower than September’s 197,763, says Canada Mortgage and Housing Corporation (CMHC). The figures represent...
Serco profit warning sends shares crashing
Serco Group plc., a British outsourcing multinational company, issued its fourth profit warning this year on Monday, which sent shares crashing and wiping off...
LNG Canada project may cost C$40bn, says Shell
The LNG Canada project to liquefy natural gas for export to Asian nations may come with a C$40 billion price tag when completed, Royal...
Morrisons posts 6.3% sales fall, starts price-matching discounters
The UK’s fourth-largest supermarket chain Morrisons posted a 6.3% decline in sales. The Bradford-based company has started price matching the discounters in its drive...
Rogers and Shaw launch “shomi” to compete with Netflix
Canadians now have another alternative to Netflix. Shaw Communications Inc. and Rogers have partnered up and launched a new service called shomi that directly...