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  • Hilton, Adobe, Lululemon are stocks to watch Thursday

    December 12, 2013 12:51 PM 47

    SAN FRANCISCO (MarketWatch) — Hilton Worldwide Holdings Inc., Adobe Systems Inc., and Lululemon Athletica Inc. are among the companies whose shares are expected to see active trade in Thursday’s session. Blackstone Group LP’s Hilton Worldwide /quotes/zigman/25383663/delayed/quotes/nls/hlt HLT 0.00% will debut on the stock market on Thursday with a market

  • Panel recommends 5-cent-per-litre gas tax hike to help fund public transit

    December 12, 2013 12:23 PM 12

    TORONTO -- A government-appointed advisory panel is recommending a five-cent-per-litre hike in the gas tax to help fund public transit expansion in the greater Toronto-Hamilton area. Government sources confirm the report from the 13-member panel chaired by Ryerson University's Anne Golden projects boosting the gas tax could raise about $800 million a year, and generate

  • Ski-Doo maker BRP posts 52 percent jump in profit, raises forecast

    December 12, 2013 12:01 PM 23

    (Reuters) - BRP Inc (>> BRP Inc), the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 52 percent rise in quarterly profit, driven by strong shipments of snowmobiles worldwide, and it raised its full-year adjusted profit forecast. (Reuters) - BRP Inc (>> BRP Inc), the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 52 percent

  • Ontario home prices to rise about 4 per cent through 2016

    December 12, 2013 11:52 AM 17

    TORONTO – A new forecast suggests Ontario home prices will rise about four per cent a year through 2016, down from a decade-long annual average of about six per cent. The forecast by Central 1 Credit Union says higher mortgage rates in the next three years will restrain housing sales but not cause a market correction. It also predicts the Toronto condo

  • Fund public transit through 5¢-per-litre gas tax hike, Ontario advisory panel recommends

    December 12, 2013 10:30 AM 12

    A 5¢-per-litre hike in Ontario’s gas tax is the key recommendation of a government-appointed panel studying funding for public transit, the National Post has learned. The report is to be released by Anne Golden, chair of the Transit Investment Strategy Advisory Panel, on Thursday morning. “It’s 5¢ per litre to begin with,” said Andy Manahan, executive

  • Canada to benefit from a strengthening U.S. economy in 2014, says RBC Economics

    December 12, 2013 10:05 AM 6

    TORONTO - RBC Economics says that after another year of mediocre growth, Canada's economy is expected to perk up in 2014 thanks to strong growth in the United States. The bank's latest economic outlook is forecasting real GDP growth in Canada of 1.7 per cent in 2013, 2.6 per cent in 2014 and 2.7 per cent in 2015, supported by a pick-up in exports and strengthening

  • On Road to IPO, Shopify Raises $100M to ‘Bridge Clicks and Bricks’

    December 12, 2013 5:08 AM 43

    Canadian startup Shopify Inc. has raised $100 million to challenge juggernauts like Inc. and eBay Inc. in the arena of merchant software and services. Shopify’s systems help merchants sell as easily online as they do offline, or vice versa. OMERS Ventures and Insight Venture Partners led the round, joined by the company’s prior backers, said Chief

  • Empty Montreal condos signal sluggish market

    December 11, 2013 11:33 PM 12

    MONTREAL — Despite fears of overbuilding in Canada’s largest city, 85 per cent more condo units are sitting empty in Montreal than in Toronto, a BMO report says. “I was surprised,” said BMO senior economist Sal Guatieri in an interview with The Gazette. “I didn’t know it (the number of vacant units in Montreal) was that high.” As of October, there were 1,876 newly

  • Bruce Power picks up heavily-armoured security

    December 11, 2013 10:11 PM 26

    Bruce County's largest employer is bringing in some heavy artillery to make the world's largest nuclear plant safer. In a statement John Collin, chief of emergency and protective services at Bruce Power, said "At Bruce Power, we continuously strive to make our site safer and stronger and we’re confident the GURKHA will help us achieve that goal." Bruce

  • Laurentian Bank increases quarterly dividend despite missing analyst forecasts

    December 11, 2013 7:46 PM 22

    MONTREAL -- Laurentian Bank is increasing its quarterly dividend after posting record adjusted earnings in 2013 but lower fourth-quarter profits that missed analyst expectations. Excluding one-time items, its profits reached a record $156 million, up 11 per cent from the prior year. The bank earned $5.09 per share in adjusted profits, up from $4.98 per share