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15:03 Ford replaces CEO Mark Fields in push to transform business

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23:34 2017 Manitoba budget: Numerous jabs but no death blows

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09:01 The story behind an alleged fraud worth millions in Nova Scotia's lobster industry

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20:00 With workers on strike, Quebec construction sites have gone quiet. Here are the big ones

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21:37 The Bank of Canada interest rate decision shows Sunny Stephen is back

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09:00 WestJet boasts it doesn't overbook flights in ad targeting airlines that do

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Business

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  • Italy makes 5.2B euros in resources to keep 2 banks afloat

    June 25, 2017 4:15 PM 6 1

    ROME – The Italian government is making 5.2 billion euros ($5.8 billion) of resources available to keep operative two banks that the European Central Bank last week had deemed “failing or about to fail,” sending them into insolvency procedures. Premier Paolo Gentiloni said the measures, adopted at a Cabinet meeting Sunday, are “in full respect of EU rules

  • Mayor decries cost of living crisis after Churchill, Man. rail link severed

    June 23, 2017 8:24 PM 8

    The northern Manitoba town of Churchill is in a “crisis” and its people are “being held hostage” by a rail company that won’t repair flood damage to tracks that bring in critical supplies, says the town’s mayor. “When you have depended on a rail line to bring your supplies and everything you need in terms of daily living, once you don’t have that, then it becomes

  • What weak inflation means for Canadian consumers

    June 23, 2017 6:23 PM 7 1

    Econ-o-metric: Inflation isn’t an issue for most of us, so the Bank of Canada won’t rush to raise interest rates The cost of living in Canada grew the least in six months in May, Statistics Canada reported on June 23. The Consumer Price Index (CPI) rose 1.3 per cent from a year earlier, compared with a gain of 1.6 per cent in April. The three “core” measures

  • Gas prices help slow annual inflation rate to 1.3% in May

    June 23, 2017 5:02 PM 8

    The May inflation rate was also influenced by declining prices in electricity, bakery products and Internet access services, Statistics Canada said. OTTAWA—Canadian inflation eased up on the accelerator last month as weaker year-over-year growth in gasoline prices helped slow the annual rate to 1.3 per cent, Statistics Canada said Friday. The May inflation

  • Sears Canada store closures expected to have little impact on RioCan

    June 23, 2017 3:47 PM 9 1

    TORONTO – RioCan Real Estate Investment Trust (TSX:REI.UN) says the restructuring of Sears Canada is expected to have a far smaller impact on its business than when Target closed up shop in Canada. The Toronto-based real estate trust says seven of the 59 announced Sears closures are in RioCan properties and represent 0.4 per cent of the trust’s annual

  • Ontario rent increases capped at 1.8 per cent next year

    June 23, 2017 3:01 PM 9

    TORONTO - Landlords in Ontario will be able to increase rents up to 1.8 per cent next year, as rent controls are expanded under the Liberal government's housing plan. The annual rent increase guideline is the maximum amount a landlord can boost a tenant's rent without needing the approval of the Landlord and Tenant Board. Rent controls had previously

  • Sears closes another 20 stores in the U.S

    June 23, 2017 2:38 PM 9

    NEW YORK -- Sears is closing another 20 stores in the U.S. as the ailing retailer tries to turn around its business. Real estate investment trust Seritage, which owns the 20 real estate properties, confirmed the closings-- 18 Sears stores and two Kmart stores -- in a government filing Friday. In 2015, Sears Holdings Corp. sold 235 Sears and Kmart store

  • Weaker growth in gas prices helps slow annual inflation rate to 1.3 per cent in May

    June 23, 2017 12:54 PM 8

    OTTAWA -- Canadian inflation eased up on the accelerator last month as weaker year-over-year growth in gasoline prices helped slow the annual rate to 1.3 per cent, Statistics Canada said Friday. The May inflation rate was also lower than April's reading of 1.6 per cent because prices declined in electricity, bakery products and Internet access services

  • BlackBerry’s banner year hits snag as software sales falter Add to ..

    June 23, 2017 12:36 PM 8

    BlackBerry Ltd.’s string of recent success may have hit a snag.The Canadian company, which exited the hardware business last year, missed analysts’ estimates for total revenue, the majority of which is now made up of software sales. Revenue excluding some costs was $244-million in the fiscal first quarter compared with the average analyst estimate of $265.4-million

  • EXCLUSIVE: Announcement expected today in Tim Hortons lawsuit

    June 23, 2017 8:30 AM 8 1

    Something big could be about to happen today with the recently announced Tim Hortons lawsuit. Last week, a group of Tim Hortons franchisees launched a class action against Tim Hortons parent company for $500 million, alleging mismanagement. Sources tell 570 NEWS’ Richard Southern that things are getting ugly and to expect a major announcement Friday