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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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09:00 Sears Canada's future is in doubt. How did it come to this?

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14:30 Toronto homeowners cash out of hot real estate market amid uncertainty

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

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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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  • Canadians' love for debt taking us into uncharted territory, PBO report warns

    June 20, 2017 4:01 PM 7

    Canadians are expected to keep piling on more debt, even in the face of a long-anticipated increase in interest rates, taking household financial vulnerability to levels never seen before, a new report from the Parliamentary Budget Office says. Household indebtedness hit 174 per cent in the first quarter of 2017, according to the PBO. That means Canadian

  • Cenovus shares plummet on news CEO to retire and up to $5B in assets to be sold

    June 20, 2017 3:54 PM 9

    Calgary company's stock down almost 47% since $17.7B deal announced to buy ConocoPhillips holdings Cenovus Energy shares fell more than 10 per cent in early trading Tuesday after the oil company announced plans for more asset sales, deeper cost cutting and the coming retirement of CEO Brian Ferguson. After 30 minutes of trading, Cenovus stock was at $9.20, down 10.5 per cent from Monday's

  • Tim Hortons president changing job, Restaurant Brands CEO assumes responsibility

    June 20, 2017 2:34 PM 9

    TORONTO -- The parent company of Tim Hortons says the brand's president is moving to a new position and Restaurant Brands International CEO Daniel Schwartz will take over his responsibilities. Elias Dias Sese stepped down as Tim Hortons president on Monday and took on the role of president of international expansion. RBI (TSX:QSR), which operates Tim Hortons

  • India's SpiceJet to buy up to 50 additional Bombardier Q400 turboprop planes

    June 20, 2017 2:04 PM 8

    TORONTO -- SpiceJet could buy up to 50 additional Q400 planes from Bombardier (TSX:BBD.B) under a letter of intent signed at the Paris Air Show. The India-based airline already operates 20 of the Q400 turboprop planes on domestic and international routes. If all the planes in the letter of intent are delivered, the order would be valued at up to US$1.7 billion

  • Markets Right Now: Stocks open slightly lower on Wall Street

    June 20, 2017 1:42 PM 8 1

    Stocks are easing mostly lower in morning trading on Wall Street, a day after big gains from tech companies pushed indexes to their latest record highs. Technology stocks were slightly lower early Tuesday. Apple fell 0.5 per cent and Microsoft gave up 0.4 per cent. Energy companies were also lower as the price of crude oil fell about 3 per cent. Rig operator

  • Statistics Canada says wholesale sales rose 1.0 per cent in April, beating estimate

    June 20, 2017 1:00 PM 8 1

    OTTAWA – Wholesale sales in Canada were better than expected in April as they advanced 1.0 per cent to $61.0 billion, led by the machinery, equipment and supplies subsector. Economists had expected an increase of 0.5 per cent, according to Thomson Reuters. Statistics Canada says three of the seven subsectors tracked, accounting for 41 per cent of total

  • Home Capital strikes $1.2-billion mortgage sale to bolster finances Add to ..

    June 20, 2017 12:41 PM 7

    Home Capital Group Inc. has struck an agreement to sell a portfolio of commercial mortgages worth about $1.2-billion as it seeks to shore up its finances. Through its Home Trust subsidiary, Home Capital will sell the commercial mortgage assets to KingSett Capital, a private-equity firm focused on real estate, injecting the troubled mortgage lender with a shot of much-needed

  • CAE: A quarter of a million more pilots needed over the next decade

    June 20, 2017 11:49 AM 8

    MONTREAL -- A report by Montreal-based flight training provider CAE says airlines around the world will need 255,000 new commercial pilots over the next decade, a third of whom will be required in North America. CAE's report says there are about 290,000 commercial pilots working now, but 440,000 will be needed by 2027. It says 105,000 will be needed

  • Cenovus chief executive Brian Ferguson to retire Add to ..

    June 20, 2017 11:06 AM 10

    Cenovus Energy Inc said chief executive officer Brian Ferguson is retiring as the company struggles to win over investors upset by its multibillion-dollar oil sands deal. Cenovus said on Tuesday that Mr.Ferguson would also step down from the board by Oct. 31. The company said it would immediately begin a search for his replacement and that Mr. Ferguson

  • Bombardier to sell up to 50 Q400s to India’s SpiceJet Add to ..

    June 20, 2017 10:59 AM 10

    Bombardier Inc said on Tuesday it agreed to sell up to 50 Q400 turboprop aircraft to Indian budget carrier SpiceJet Ltd . SpiceJet will buy 25 Q400 turboprop aircraft from Bombardier, as per a letter of intent between the two companies. The Indian airline has the option to buy 25 more planes. An order could be valued at up to $1.7-billion, based on the list price