News: Money

Australia takes Canada to WTO over rules on selling wine

Wednesday  10:40,   17 january 2018
Reuters

<p>Australia has complained at the World Trade Organization about Canada's rules on wine sales, expanding a similar U.S. complaint against one Canadian[...]

Commercials are selling teens on junk food — to the tune of 520 extra snacks a year

Wednesday  08:50,   17 january 2018
Metro News

Have you ever been watching a commercial and suddenly felt the urge to stuff your face with pop tarts or potato chips? define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; [...]

10 Biggest Crypto-Currencies Lose Over $100 Billion in 24 Hours

Wednesday  06:55,   17 january 2018
Fortune

Bitcoin and other digital currencies have always been volatile, so a big daily drop is not unusual.&nbsp;Bitcoin and other digital currencies have always been volatile, so a big daily drop is not unusual. That said, Tuesday was a particularly[...]

Ethereum crashes 30% on Coinbase in 24 hours; Bitcoin tumbles 25%

Wednesday  05:00,   17 january 2018
CNBC

Digital currency ethereum plunged 28 percent Tuesday below $1,000 amid a massive sell-off in major digital currencies. Ethereum traded near $901, or 31 percent lower over the last 24 hours as of 5:06 p.m., ET, on Coinbase. The company is the[...]

Carillion Canada says it's business as usual

Wednesday  02:07,   17 january 2018
MSN

TORONTO - A spokesman for the Canadian subsidiary of insolvent British construction giant and state contractor Carillion says it's business as usual in Canada despite the parent company's collapse on Monday. Cody Johnstone says that[...]

Canada faces Australian wine sales complaint

Wednesday  02:06,   17 january 2018
MSN

TORONTO - Australia has filed a complaint about Canada's rules around wine sales with the World Trade Organization. The complaint filed Friday argues that Canada's distribution, licensing and sales measures discriminate against imported[...]

NAFTA's Chapter 11 dispute mechanism too costly for Canada at $314M, says report

Wednesday  00:22,   17 january 2018
cbc.ca

A progressive group says it's baffled that the Canadian government has worked at the NAFTA negotiating table to protect a dispute resolution system that allows companies to sue governments, estimating it has cost Canadian taxpayers $314 million. [...]

Pension income splitting explained

Tuesday  22:31,   16 january 2018
MoneySense

The kind of pension that qualifies, when it makes sense to defer and the tax consequences to watch out forI would appreciate if you can educate me regarding income[...]

GE to take $6.2 billion charge after being burned by insurance

Tuesday  22:01,   16 january 2018
Bloomberg

General Electric Co. will take a charge of $6.2 billion tied to a legacy insurance portfolio, a new setback for a company already struggling with weak sales in some of its industrial markets. The company’s finance unit will pay $15 billion over[...]

Southwest sues startup that monitored airfare changes

Tuesday  21:41,   16 january 2018
CNBC

The six-count lawsuit alleges startup SWMonkey.com broke trademark laws and caused at least $5,000 in damage.This fall, two friends had an idea: Monitor Southwest Airlines' fares and alert travelers when prices fell. Southwest sued[...]

10 things you probably don't know about Oprah and her money

Tuesday  19:26,   16 january 2018
Money

<p>We’re only a few into 2018 and Oprah Winfrey is already winning the[...]

Rogers’ prepaid balance change sparks customer anger

Tuesday  18:40,   16 january 2018
Toronto Star

Surprised, angry, betrayed. These emotions often come into play when customers think a long-time supplier is tilting the rules in its own favour.Rogers Communications recently told customers with prepaid cellphone plans that it would confiscate[...]

Yellow Pages Ltd. cutting roughly 500 jobs

Tuesday  18:08,   16 january 2018
MSN

MONTREAL - Yellow Pages Ltd. announced a plan to cut roughly 500 jobs on Tuesday in an effort to reduce spending and improve its results. The company (TSX:Y) said the job losses will amount to close to 18 per cent of its employees. "Decisions[...]

Costco pharmacy directors plead guilty to accepting kickbacks

Tuesday  17:50,   16 january 2018
Toronto Star

Two Costco pharmacy directors pleaded guilty to accepting illegal kickbacks from a drug company to get its medications stocked at the retail[...]

Canadian government to invest C$49 million in auto parts maker Linamar

Tuesday  17:06,   16 january 2018
Reuters

The Government of Canada said on Monday that it plans to invest C$49 million ($39.41 million) to support an expansion by auto parts maker Linamar Corp (LNR.TO). define("homepageFinanceIndices", ["c.deferred"], function () { var[...]