Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • AT&T revenue increases but subscriber growth misses estimates

    January 28, 2014 9:08 PM 3

    NEW YORK (Reuters) - AT&T Inc reported higher quarterly revenue on Tuesday, but the No. 2 U.S. mobile provider's wireless subscriber growth fell short of Wall Street expectations. It had fourth-quarter earnings of $6.9 billion (4.1 billion pounds), or $1.31 (79 pence) per share, compared with a loss of $3.86 billion (2.32 billion pounds), or 68 cents

  • Metro’s earnings and sales slide, but boosts dividend by 20%

    January 28, 2014 9:04 PM 7

    Stiff competition continued to take a toll on grocer Metro Inc. in the first quarter, with the company reporting lower earnings and flat sales. Net earnings for the period ended Dec. 21 sank 15.4% to $99-million from $117-million compared with a year ago due to non-recurring expenses and a 2013 gain on discontinued operations. Per share net earnings

  • Obama addresses nation with best economy since ‘Great Recession’

    January 28, 2014 8:09 PM 14

    WASHINGTON — The U.S. economy is showing more strength than at any time since the Great Recession began six years ago. Employers are hiring. Home prices, sales and construction have surged. Corporate profits and stocks have strengthened. And consumers have picked up their spending. The economy has yet to fully recover from the most devastating crisis

  • Report raves about record sales in luxury home market

    January 28, 2014 7:54 PM 2

    RE/MAX released its upper-end market trends report on Tuesday and says demand for luxury homes in the country is on the rise particularly in Western Canada. The report takes a look at luxury sales and trends in 16 major Canadian housing markets over the last year and includes; Calgary, Edmonton, Greater Vancouver, Victoria, Regina, Saskatoon, Winnipeg

  • Bixi paid bonuses in December

    January 28, 2014 7:40 PM 12

    MONTREAL — Management at Bixi paid themselves and all their employees bonuses in December, just weeks before the city-controlled bike-sharing service was forced to file for bankruptcy protection because it could not pay debts nearing $50 million. Most of their debts are owed to the city of Montreal, which covered their loans. Projet Montreal leader Marc-André

  • Alberta does poorly in red tape reduction report card

    January 28, 2014 4:36 PM 1

    CFIB gives province a D grade CALGARY - Alberta has received a poor report card in the latest Canadian Federation of Independent Business report on cutting red tape. The CFIB’s 4th Annual Red Tape Report Card gave the province a grade of D for this year, down from D+ last year. British Columbia once again led the way with an A, while the federal government

  • Council approves terms of $100M stadium loan

    January 28, 2014 3:19 PM 10

    Regina city council has approved a plan to borrow $100 million to help build a new football stadium. The provincial loan will be repaid over the next 31.5 years at an interest rate of 3.99 per cent. The city will make two payments of $2.8 million annually, and can repay the loan at any time. A facility fee of $12 will be added to tickets for games and major

  • Nova Scotia orders financial audit for Provincial Exhibition Commission

    January 28, 2014 1:58 PM 2

    HALIFAX - The provincial government has ordered a financial audit for the Nova Scotia Provincial Exhibition Commission. Agriculture Minister Keith Colwell says his department will hire an accounting firm after numerous unsuccessful attempts by the Nova Scotia Farm Loan Board to get financial information from the commission. Colwell has said the annual

  • Does Canada really have the G7's best record on job creation?

    January 28, 2014 12:01 PM 2

    OTTAWA -- Government House Leader Peter Van Loan is using the return of Parliament to boast about the Conservatives' economic track record -- but OECD figures cast a small doubt over his claim that Canada tops the G7 in job creation. "We have the strongest job-creation record in the G7, with the creation of over one million net new jobs since the recession

  • World stocks stabilize as selling pressure eases

    January 28, 2014 11:13 AM 4

    HONG KONG -- World stocks stabilized Tuesday as selling pressure eased after several days of steep losses and investors shifted to a holding pattern ahead of a Fed decision on scaling back stimulus. Investors worried about slowing growth in China, the world's second biggest economy, found some solace in reports that a high-profile trust company in China