- The Canadian Press•9 minutes ago
Regulations make marijuana banking more costly, banker says
Regulations and paperwork are driving up costs for financial institutions serving marijuana companies doing business in states with legal pot sales, a cannabis banker told a conference in Las Vegas. Sundie Seefried told hundreds of cannabis trade show attendees at MJBizCon last week that a subsidiary
- Yahoo Finance•11 minutes ago
What higher interest rates may mean for companies in 2019
The rise in interest rates isn't expected to keep companies from buying back shares of their own stock, according to one expert.
- The Canadian Press•16 minutes ago
Experimental plane flies silently, may lead to quiet drones
A nearly silent, drone-sized aircraft has shown it can fly, thanks to a scientist who was inspired by watching "Star Trek" as a child. With neither propellers nor jets, the airplane gets its thrust by applying a strong electric field to the air. "Not anytime soon," says Steven Barrett
Reuters•18 minutes agoOil rebounds after prior session's slide; glut worries persist
U.S. West Texas Intermediate (WTI) crude futures rose $1.89 to $55.32 a barrel, a 3.5 percent gain. U.S. crude stocks rose 4.9 million barrels last week, the Energy Information Administration said, a larger-than-expected increase.
- The Canadian Press•22 minutes ago
About 150 Ikea jobs in Canada to be impacted by response to customer changes
TORONTO — Swedish home furnishings giant Ikea says about 150 jobs in Canada could be impacted over two years as it adjusts to changing customer behaviour.
Reuters•24 minutes agoInvestors caught in crossfire of fight for holiday shoppers
Steep discounts are as familiar a sight during the holidays as rich desserts, but this year so is a fierce grab for a slice of the e-commerce market as Amazon.com Inc and Target Corp offer free shipping for small purchases. Underwhelming earnings reports this week from Target to department store Kohl
- The Canadian Press•25 minutes ago
Canada's E. coli outbreak steps lag U.S. because of caseloads: experts
When news broke Tuesday that consumers should avoid eating romaine lettuce because of an E. coli outbreak, the U.S. Centers for Disease Control and Prevention swiftly demanded retailers remove the vegetable from store shelves and restaurants stop including it in meals. Norman Neumann, the vice-dean
- Yahoo Finance•30 minutes ago
Three tips to get a good credit score before you need it
As young adults approach the time to apply for their first apartment or car loan, they may have to pay more or risk getting denied because they can't prove they can pay. Experts share their tips on how to get a good credit score before you need one.
- Yahoo Finance Canada•31 minutes ago
Innovation in Canada: How homegrown companies are blazing a trail in the plant-based food space
Plant-based foods are increasing in popularity in Canada, and companies, industry groups and the government are all racing to keep up.
- Bloomberg•32 minutes ago
Deutsche Bank Said to Lose Money on Risk-Management Trades
Traders in New York pooled billions of dollars of positions into one portfolio, known as a central risk book, in an attempt to avert losses and potentially make more money, people familiar with the strategy said. The fallout forced Deutsche Bank to slash the book’s size, while one of the traders in
- Bloomberg•33 minutes ago
Crude Gains Most in 5 Months, Shrugging Off U.S. Inventory Gain
Futures in New York rose as much as 4.6 percent on Wednesday, clawing back more than half their losses from the previous day’s rout. The Organization of Petroleum Exporting Countries is due to meet with other major producers in Vienna next month, with Saudi Arabia proposing at least a 1 million barrel
- Yahoo Finance•43 minutes ago
Stocks rally after Tuesday's rout
Stock futures pointed to a higher open following a crushing Tuesday session that turned both the S&P 500 and the Dow negative for the year.
- Bloomberg•51 minutes ago
Rudy Giuliani Surfs Uruguay’s Crime Wave
When he’s not counseling President Donald Trump on how to stay out of legal trouble, he’s likely jetting off to some distant land with a plan to save it from murder and criminal mayhem. Politicians are also under increasing economic pressure to curb criminal violence.
- The Canadian Press•52 minutes ago
As Ghosn heads for Nissan exit, Renault merger hopes fade
The arrest of Nissan chairman Carlos Ghosn could extinguish any remaining hopes for a merger with key shareholder Renault, which the Japanese company's CEO has publicly opposed. Ghosn had this year said he was open to the idea of a merger between Nissan and Renault, where he is chief executive and
Reuters•54 minutes agoAbu Dhabi's IPIC files lawsuit against Goldman Sachs, others over 1MDB case
Abu Dhabi's International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs and others to recover losses suffered through its dealings with Malaysian state fund 1MDB. 1Malaysia Development Bhd (1MDB) [TERRN.UL] is the subject of corruption
- Bloomberg•57 minutes ago
Tech Rebound, Small Cap Strength Pace Stocks Rally: Markets Wrap
Treasuries rose and the dollar fell amid speculation the Federal Reserve may soften its stance on raising interest rates. All major equity benchmarks were higher, with the small-capitalization Russell 2000 Index rose nearly 2 percent to lead the gains, and the Nasdaq 100 Index wiped out much of its
- Yahoo Finance•1 hour ago
Confessions of a mortgage underwriter
Mortgage underwriter Linda Weekes has tips for navigating the mortgage loan application process.
- Bloomberg•1 hour ago
Goldman’s 1MDB Scandal Deepens With Abu Dhabi Funds’ Lawsuit
The furor surrounding Goldman Sachs’s role in raising money for the Malaysian state investment fund, known as 1MDB, has weighed on the bank’s shares, which fell the most in seven years on Nov. 12 after Malaysia’s finance minister said he would seek a full refund of all the fees it paid for 1MDB deals
- The Canadian Press•1 hour ago
Quebec paint manufacturers seize on Sico's exit to grab market share
Quebec paint manufacturers are seizing on the American-owned Sico paint company's move to Ontario from Quebec by launching marketing campaigns and tapping into renewed sensitivity around local ownership after a string of closures and layoffs. Sico, an 81-year-old company bought by American giant
Reuters•1 hour agoWorld stocks, oil climb after rout; euro rises on Italy budget hopes
The recovery in U.S. tech and other momentum stocks boosted the benchmark S&P 500 stock index after it fell 3.5 percent over the previous two sessions. Strong earnings from Foot Locker Inc and Gap Inc boosted consumer discretionary stocks. The small-cap Russell 2000 index rallied nearly 2 percent.
- The Canadian Press•1 hour ago
US mortgage rates fall: 30-year at 4.81 per cent
U.S. long-term mortgage rates recorded the biggest drop in nearly four years this week, but remain much higher than they were a year ago. Mortgage giant Freddie Mac said Wednesday that the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 per cent this week, down from 4.94 per
- Yahoo Finance•1 hour ago
How to invest now that the stock market has crashed
The bull market on Wall Street has come under big-time selling pressure ahead of 2019. Here's how you should go about looking at what companies to buy on the cheap.
- Bloomberg•1 hour ago
Buffett Solar Farm Downgraded as PG&E Credit at Edge of Junk
Fitch Ratings Ltd. downgraded the debt of two solar farms in California on Wednesday, citing concern about PG&E’s finances. The utility, which was downgraded last week, is the sole electricity customer for Berkshire Hathaway Energy’s 550-megawatt Topaz Solar Farms and NextEra Energy Inc.’s 250-megawatt
- CNBC•1 hour ago
Apple's stock rout starts and ends with the iPhone
Apple's stock, once a safe haven from market turmoil, is more than 20 percent below all-time highs and clinging to modest year-to-date gains.
- Bloomberg•1 hour ago
New Jersey Democrats’ Redistricting Plan Would Wipe Out GOP, Leader Says
A bill backed by Democrats, who control the governor’s office as well as the Assembly and Senate, seeks to put redistricting in the control of a 12-member panel, chosen in part by legislative leaders. Currently, those appointments are by Democratic and Republican state party chairmen. “This is a Democratic
