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

Business

All category news

  • With 5 days to go, majority of Canadians not done holiday shopping: poll

    December 20, 2013 11:16 AM 12

    TORONTO -- There are only five shopping days left until Christmas, and it looks like they'll be busy ones. A new poll says that as of earlier this week, 69 per cent of Canadians had not yet finished their holiday shopping -- and 22 per cent admitted they hadn't even started. The CIBC-Harris/Decima survey also suggests the weekend is going to be expensive

  • 2013 not as good as 2012, but Canadians' optimism high for 2014: poll

    December 20, 2013 3:11 AM 19

    As we inch closer toward the New Year, a new poll for CTV News suggests Canadians don’t feel that 2013 was as good for them as 2012 -- but optimism for 2014 appears bright. The poll, conducted by Ipsos Reid, asked about 2,500 respondents throughout the country to reflect on the past year. While three-quarters of Canadians (76%) classified 2013 as a good year for themselves

  • Chinese mining firm in B.C. facing another legal challenge over foreign workers

    December 20, 2013 1:46 AM 25

    VANCOUVER -- A Chinese-owned mining firm behind a proposed underground coal project in northern British Columbia is facing yet another union legal challenge over its use of temporary foreign workers. HD Mining has been fending off controversy since it was revealed last year that it planned to use up to 201 temporary foreign workers from China at its Murray

  • Will Gold Bounce Back in 2014?

    December 19, 2013 11:38 PM 18838

    2013 will go down as the annus horribilis for gold, to quote a famous monarch who coined the term as a pithy description for a series of misadventures that befell the British royal family in 1992. Similarly, gold, as an investment class, was hit by a number of factors this year that saw the precious metal tumble from its perch as a safe, reliable asset

  • Ontario convenience store owners push to break Beer Store monopoly

    December 19, 2013 9:56 PM 9

    Ontario’s convenience store operators continue to fight for the right to sell suds. The Ontario Convenience Stores Association said Thursday new survey results show a large majority of residents in the province want beer and wine sales opened up to other retailers, a move that would break a monopoly on alcohol sales by the province and three large, private

  • Military to announce demise of $2-billion order for close-combat vehicles

    December 19, 2013 9:33 PM 11

    OTTAWA, Ont. -- The Canadian Army is cancelling a $2-billion order for new armoured vehicles, after another lengthy, troubled procurement went wrong. Sources tell The Canadian Press that military officials are set to announce the cancellation of an order for 108 close-combat vehicles on Friday. Bids by three defence contractors -- Nexter, BAE Systems

  • TransCanada CEO sees Mexico oil pipeline opportunities if market opens

    December 19, 2013 8:07 PM 188

    CALGARY -- The CEO of TransCanada Corp. sees opportunities to build new oil pipelines in Mexico, which is poised to end its government's monopoly on energy development and open its oilfields up to foreign players. To the extent that Mexico, already a crude exporter, is able to ramp up its flagging production as a result of the changes, it will likely

  • First Nation wants to own Winnipeg race track, build casino

    December 19, 2013 6:17 PM 24

    WINNIPEG — Manitoba’s largest First Nation says it “eventually” wants to own a Winnipeg horse racing track and put a casino there. Peguis First Nation Chief Glenn Hudson made the comment Thursday as he took the wraps off a deal with the Manitoba Jockey Club for a $100-million development at Assiniboia Downs on Winnipeg’s western outskirts. “Horses run faster

  • $100M development plan for Assiniboia Downs revealed; commission threatening to suspend racing licence

    December 19, 2013 5:06 PM 13

    Assiniboia Downs has unveiled where it plans to build a $100 million development. In a deal with Peguis First Nation, hotels, convention space and retail stores will spring up on the parking lot between the racetrack and the MTS Iceplex. But the Manitoba Horse Racing Commission said it will suspend the track's betting license Jan. 1 because it worries

  • Bridge work on Champlain, Mercier

    December 19, 2013 4:11 PM 12

    Construction work is scheduled to take place on the Champlain bridge Thursday night that will leave only one lane open toward the South Shore. Crews will be installing barriers around the supergirder--installed thrtee weeks ago to prevent a section of the bridge deck from crumbling--so that drivers will finally have access to all three lanes on that side of the bridge