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Latest Canadian News - Northern and Central and Southern Ontario - Business and Money

Find the latest news for the topic Business and Money and for the region of Northern and Central and Southern Ontario





TSX tumbles 159 points on Eurozone worries
The Toronto stock market was sharply lower Wednesday amid pessimism that a gathering of European Union leaders in Brussels will come up with a plan to contain the eurozone debt crisis
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-23 14:30:39



Ottawa ready to act as CP Rail strike shuts down freight service
Federal Labour Minister Lisa Raitt said Wednesday she is disappointed by the strike at Canadian Pacific Railway Ltd. and is prepared to table a back-to-work bill in the event a negotiated settlement cannot be reached
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-23 14:30:39



BMO results show nothing beats strong domestic franchise
Bank of Montreal kicked off earnings season with results showing respectable performance from most divisions, but in keeping with its peers, by far the most important driver was the domestic personal and commercial bank
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-23 14:30:38



Foreign investment in the oilsands a win-win
According to a recent report by the environmentalist group ForestEthics Advocacy, 71% of oilsands production is owned by non-Canadian shareholders, with foreign-headquartered companies controlling 24% of the sector's production. The group concludes that Canadians benefit very little from the industry's production on account of this high degree of f
Province: Ontario
Newspaper: Ottawa Sun
Feed: Money Date: 2012-05-23 14:10:07



Pipelines, politics and price driving Canada's energy sector: PwC
Canada is 'perilously close' to reaching the limits of its energy exports to the United States, though expansion to new markets will require Ottawa to produce a national energy strategy, PricewaterhouseCoopers said Wednesday in a new report
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-23 10:27:40



CP Rail strike shuts down freight service
Canadian Pacific Railway Ltd.'s freight rail service has shut down after 4,800 of its engineers, conductors and traffic controllers walked off the job shortly after midnight Wednesday morning
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-23 10:27:39



Eurozone worries depress TSX
The Toronto stock market was sharply lower Wednesday amid pessimism that a gathering of European Union leaders in Brussels will come up with a plan to contain the eurozone debt crisis
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-23 10:27:38



BMO profit leap beats expectations
BMO Financial Group reported a profit of $1.3-billion, or earnings per share of $1.51, in its second quarter of 2012, jumping 27% from the previous year
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-23 10:27:37



Is there ever a bad time to invest in a rental property?
Fabio Campanella: Direct investment in real estate requires a time commitment, experience, and patience but the long-term results can be superb when done properly
Province: Ontario
Newspaper: Canada.com
Feed: Business Money Date: 2012-05-22 22:17:10





TSX racks up solid gain as bargain hunters move in after weeks of losses
The Toronto stock market registered a solid gain Tuesday as traders caught up to solid advances made on global commodity and stock markets while the TSX was closed for Victoria Day
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 22:16:33



EU sanctions on Iran to benefit oil majors: Moody's
International oil companies are set to benefit from high oil prices, as European Union sanctions on Iran kick in on June 1
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:48



OECD urges Canada to hike rates this fall to cool housing market
Canada’s economy is gradually recovering and is expected to grow by 2.25 % this year and 2.5 % in 2013, according to a new report by the Organization for Economic Co-operation and Development
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:48



Canadian companies urged to end stock option rewards
With Europe’s fragile economic outlook and signs of investor discontent beginning to spread, an influential group including representatives of Canada’s business, regulatory and academic circles is calling for an end to the popular practice of rewarding executives with stock options
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:47



TSX surges more than 200 points
The Toronto stock market surged more than 200 points Tuesday as traders caught up to solid advances in commodities and global markets while the TSX was closed for Victoria Day
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:46



Celtic House Venture Partners announces $105M fund
Venture capital deal-making may be lagging this year, but new capital seems to be rolling into Canadian funds at a more promising rate than during the past several years
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:46



Air Canada dispute with machinists union heads to binding arbitration
Air Canada said its labour dispute with the union representing its mechanics, baggage handlers and ground crews is heading to binding arbitration after an agreed-upon 10-day bargaining process failed to produce a negotiated settlement
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:45



Commuters to feel impact of potential CP Rail strike
Commuters in Toronto, Vancouver, and Montreal could face disruptions Wednesday morning with a potential strike looming at Canadian Pacific Railway Ltd.
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:44



OSC makes fraud allegations against Sino-Forest
The Ontario Securities Commission has made formal fraud allegations against Sino-Forest Corp. and several of its former executives following nearly a year of investigations into the collapsed forestry firm
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 14:34:43



U.S. senators propose 'anti-Saverin' tax evasion law
Two U.S. senators, angered by what they said was Facebook co-founder Eduardo Saverin’s deliberate tax avoidance, want legislation to stop him and other exiles from re-entering the country
Province: Ontario
Newspaper: Canada.com
Feed: Business Money Date: 2012-05-22 10:12:37



TSX advances after week of sharp losses
The Toronto stock market is sharply higher as traders catch up to solid advances in commodities and global markets that occurred while the TSX was closed for Victoria Day
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-22 10:11:56



France presses for euro area bonds to stem crisis
France’s François Hollande will push a proposal for mutualising European debt at an informal summit of EU leaders in Brussels this week, increasing pressure on German Chancellor Angela Merkel to drop her opposition to the idea
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-21 22:06:13



Farm industries push for back-to-work legislation in case of CP Rail strike
Canada’s fertilizer and gain grower industries are asking the federal government to legislate Canadian Pacific Railway Ltd. employees back to work in the event of a strike this week so its members don’t lose out on exports
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-21 22:06:12



Canadian banks' profits to grow, but at slower rate
After starting the year with strong earnings momentum, Canada’s biggest banks will likely report slower growth in the second quarter when they begin rolling out results this week
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-21 14:05:45



Mortgage risk biggest threat to Canadian banks: Fitch
Of the big six Canadian banks, the Royal Bank of Canada and the Canadian Imperial Bank of Commerce are exposed to the most mortgage risk, according to a Fitch Ratings report published Monday
Province: Ontario
Newspaper: Canada.com
Feed: Money Date: 2012-05-21 14:05:44



Personal Finance this weekend
Did you miss anything in this weekend’s Personal Finance section of the Financial Post? Here’s a round-up of our coverage, just in case
Province: Ontario
Newspaper: Canada.com
Feed: Business Money Date: 2012-05-20 11:54:15




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