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  • Hudson's Bay Co. CEO Gerald Storch leaving, executive chairman assuming CEO role

    October 20, 2017 8:53 PM 8

    TORONTO -- Hudson's Bay Co. (TSX:HBC) says chief executive Jerry Storch is leaving the company and returning to his own consulting firm as of Nov. 1. Storch is a former CEO of Toys "R" Us who joined the Toronto-based retail company in January 2015, succeeding Richard Baker as HBC's chief executive. Baker will re-assume the CEO's duties on an interim

  • Quebec Restaurant Ranked #1 "Best New Restaurant" In Canada

    October 20, 2017 7:06 PM 10

    If you’re looking for the best spot to eat, you don’t need to travel far. Canada’s very best new restaurant is only a short drive away in Quebec City. Battuto, an intimate Italian restaurant in Quebec City, was named the best eatery in the nation in Air Canada’s Top 10 list of Canada's Best New Restaurants. More than 30 restaurants were in-the-running

  • Bill Morneau says he doesn't 'report to journalists,' bristles at questions about personal finances

    October 20, 2017 6:00 PM 6

    Finance ministers says there's 'noise' around his decision to use an Alberta company to hold investments Finance Minister Bill Morneau dodged questions about his use of numbered companies to hold investments Friday, suggesting he does not have to defend his personal financial choices to journalists. After a week of questions about his business holdings

  • B.C. woman plagued by bedbugs on airplane not surprising, says expert

    October 20, 2017 9:48 AM 10

    Family leaves British Airways flight covered in bites A British Columbia woman plagued by bedbugs on a nine-hour flight to London is a victim of the explosive growth in the critters globally, but travellers shouldn't worry they'll become a common feature on planes, says an entomologist. Heather Szilagyi was on a British Airways flight with her seven-year-old

  • Cenovus to sell Palliser oilsands assets for $1.3 billion

    October 19, 2017 6:20 PM 11

    The firm has 'tangible momentum' in lower its debt load as it continues to sell off assets. Cenovus Energy Inc. agreed to sell its Palliser crude field to Schlumberger Ltd. and Torxen Energy for $1.3 billion, advancing efforts to pay down debt from its oilsands megadeal earlier this year. With the Palliser sale, Cenovus has announced about $2.8 billion

  • Liberals drop capital-gains tax proposal amid family farm concerns

    October 19, 2017 3:50 PM 7

    The Liberal government is dropping one of the three key elements of its controversial small-business tax proposals in response to farmers' concerns that it would harm the ability to pass on the family farm to the next generation. Finance Minister Bill Morneau and Agriculture Minister Lawrence MacAulay made the announcement at a farm in the small eastern

  • Cenovus selling Palliser assets in Alberta to Torxen for $1.3 billion

    October 19, 2017 11:39 AM 11

    CALGARY -- Cenovus Energy Inc. (TSX:CVE) says it has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion. The cash sale is expected to close in the fourth quarter, subject to customary conditions. This is the latest in a string of assets the Calgary-based oilsands company

  • Sears managers, execs will still pocket big cash bonuses even though retailer is closing

    October 19, 2017 9:00 AM 7

    Sears says the key staff are needed to help wind down its operations Sears Canada will pay a final $2.8 million in retention bonuses to 36 head office staff, even though the retailer's restructuring efforts failed and the company is closing its doors. However, Sears got court approval on Wednesday to continue paying retention bonuses to key staff such as executives

  • TSX edges higher as Dow Jones opens above 23,000

    October 18, 2017 4:05 PM 8

    As for the Canadian dollar, it was trading at 80.13 cents U.S., up from an average price of 79.69 cents U.S. on Tuesday. Canada’s main stock index edged higher in late-morning trading as U.S. stock markets also gained ground. The S&P/TSX composite index was up 2.96 points to 15,819.86, after 90 minutes of trading. In New York, the Dow Jones industrial

  • Corus Entertainment reports fourth-quarter profit up from year ago

    October 18, 2017 11:20 AM 10 1

    TORONTO – Corus Entertainment Inc. (TSX:CJR.B) says its fourth-quarter profit was up from a year ago as revenue ticked lower. The media company says its profit attributable to shareholders totalled $28.9 million or 14 cents per diluted share for the three months ended Aug. 31. That compared with a profit of $25,000 or zero cents per share in the same period