Trump’s 1st budget could worsen distortions as economy cools and assets soar: Don Pittis – Business

It’s a strange economic mystery. Despite interest rates bouncing along at their lowest levels in history, consumer price inflation remains persistently weak. Yet at the

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GM accused of installing ‘defeat devices’ in diesel trucks to beat emissions tests – Business

GM has been accused of installing “defeat devices” similar to the ones Volkswagen used in order to beat emissions tests on hundreds of thousands of

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Florida’s Rayonier offers $807M US in friendly offer for Tembec – Business

Montreal-based lumber, paper and pulp producer Tembec has received an $807 million US offer to take over the company from Florida-based conglomerate Rayonier Advanced

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OPEC and non-OPEC nations poised to extend output cuts – Business

OPEC and other oil nations meeting Thursday appeared set to extend their production cuts in an effort to shore up prices. But the intended

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Canadians hoarding $16B worth of unused loyalty points – Business

We all love free stuff, so it’s no surprise that Canadians are pledging allegiance to a growing number of loyalty programs. However, many of us

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Ottawa offers $950 million for ‘superclusters’ to create jobs – Business

The federal government is spending $950 million to fund an “Innovation Superclusters Initiative” that it says will “create more middle-class jobs and more opportunities

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Uncertain outlook keeps Bank of Canada firmly on sidelines for now – Business

The Bank of Canada kept its benchmark interest rate steady on Wednesday, but signalled that could change once the weak U.S. economy starts to

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Procter & Gamble to close Brockville, Ont. plant – Ottawa

The city of Brockville, Ont., is losing its largest industrial employer, a “significant” part of its economy and nearly 500 well-paid manufacturing positions, said

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Uber stiffed New York City drivers by millions of dollars – Business

Uber on Tuesday admitted to underpaying its New York City drivers tens of millions of dollars for the past 2 1/2 years. “We are

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OPEC nearing deal to extend oil output cut to March 2018 – Business

OPEC and non-member oil producers moved closer on Wednesday to clinching a deal on extending output cuts by nine months to clear a global

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New TD centre to create up to 575 jobs in Moncton over 6 years – New Brunswick

The TD Bank expects to create up to 575 full-time jobs in Moncton over a six-year period when it opens a business services centre in 2019

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Graco recalls My Ride 65 car seats in Canada for restraint defect – Business

Graco’s Canadian division is recalling 1,393 car seats with defective harness restraints. The recall affects certain “My Ride 65” model car seats manufactured between

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