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B.C. judge refuses cash award to claimant who takes part in 'underground economy'

B.C. judge refuses cash award to claimant who takes part in 'underground economy'

SURREY, B.C. — A provincial court judge in Surrey, B.C., has thrown out a small claims case between a lumber company and a fence building firm over an "unlawful scheme" between the two to avoid paying GST and PST.
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Rail strike would take bite out of potash sales: Nutrien

Rail strike would take bite out of potash sales: Nutrien

The world's largest potash producer warned its sales volumes for 2024 could take a hit if a possible strike by thousands of Canadian rail workers goes ahead this month. Nutrien Ltd.
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Bank of Canada names experts to assess its internal review of pandemic policy actions

Bank of Canada names experts to assess its internal review of pandemic policy actions

OTTAWA — The Bank of Canada has named three experts that will assess its internal review of the central bank's policy response to the COVID-19 pandemic. The experts are Pablo Hernández de Cos, former governor of the Bank of Spain, Kristin J.
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Brookfield Corp. reports US$2.13B in Q2 distributable earnings, up from a year ago

Brookfield Corp. reports US$2.13B in Q2 distributable earnings, up from a year ago

TORONTO — Brookfield Corp. reported distributable earnings of US$2.13 billion in its latest quarter, up from US$1.19 billion in the same quarter last year. The investment firm, which keeps its books in U.S. dollars, says the result amounted to US$1.
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Tim Hortons parent RBI sees Q2 profit lift despite 'softer consumer environment'

Tim Hortons parent RBI sees Q2 profit lift despite 'softer consumer environment'

TORONTO — The owner of Canada's most recognizable fast-food chain managed to grow its profit in its most recent quarter, even as a pullback in consumer spending that's long been roiling retailers cropped up in the quick-serve market.
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Average rate on a 30-year mortgage falls to 6.47%, lowest level in more than a year

Average rate on a 30-year mortgage falls to 6.47%, lowest level in more than a year

The average rate on a 30-year mortgage fell this week to its lowest level in more than a year, a welcome affordability boost for prospective homebuyers and homeowners looking to refinance their home loan to a lower rate. The rate fell to 6.
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Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels. Jobless claims for the week of Aug. 3 fell by 17,000 to 233,000 last week, the Labor Department reported Thursday.
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TC Energy CEO François Poirier to join CIBC board of directors

TC Energy CEO François Poirier to join CIBC board of directors

TORONTO — CIBC is adding TC Energy Corp. chief executive François Poirier to its board of directors. The major Canadian bank says Poirier will join its board effective Sept. 1.
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Can't stomach the wild volatility in the market? Consider these hedging options

Can't stomach the wild volatility in the market? Consider these hedging options

It’s always good to buy insurance before you need it, as some investors might be realizing these days.
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One year after news ban, Facebook important source for weather updates in disasters

One year after news ban, Facebook important source for weather updates in disasters

HALIFAX — Residents of small communities across Canada are finding creative ways of getting around Facebook's news blackout to share updates about dangerous weather events, but they say it's still tough to get information to people quickly on the pla
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