Home » Mainstream Business News (page 6)

Mainstream Business News

Canada, Mexico getting indefinite relief from U.S. steel, aluminum tariffs

WASHINGTON -Canada can breathe easier, for now: It’s getting relief from U.S. tariffs for an undetermined period. U.S. President Donald Trump is signing proclamations hammering global steel and aluminum imports with tariffs of 25 and 10 per cent. They go into effect in 15 days. Trump is signing the documents ...

Read More »

Federal government puts pressure on railways to clear grain shipment backlog 

  OTTAWA -The Trudeau government is putting pressure on Canada’s two major railways to clear a growing backlog of grain shipments that is undermining the country’s reputation as a reliable exporter and putting farmers in a cash-flow crunch. Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay have written jointly ...

Read More »

RBC hikes dividend as it reports flat first quarter profit of $3 billion

By Armina Ligaya THE CANADIAN PRESS TORONTO- The Royal Bank of Canada hiked its dividend and delivered flat profits in the first quarter, as new U.S. tax reforms weighed on its latest earnings but also boosted the bank’s business south of the border. The Toronto-based lender increased its quarterly payment ...

Read More »

Milan Fashion Week opens with #metoo moment of reflection

By Colleen Barry THE ASSOCIATED PRESS Milan Fashion Week got underway Wednesday with a moment’s pause to put focus on women who have come forward as victims of sexual misconduct. Ambra Battilana Gutierrez, who accused Harvey Weinstein of groping her in 2015 and worked with investigators on a sting targeting ...

Read More »

Hudbay Minerals Inc. swings to higher profits and revenue in latest quarter

TORONTO – Hudbay Minerals Inc. has reported that it profits and revenue rose in the latest quarter, as the miner saw an increase in cash flow due to higher realized copper and zinc prices.   The Canadian metals and mining company reported net income for the quarter ended Dec. 31 ...

Read More »

New mortgage rules sending borrowers down the credit ladder to alt. lenders 

By Armina Ligaya THE CANADIAN PRESS TORONTO -Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance. As a ...

Read More »

Suncor Energy says driverless trucks will eliminate a net 400 positions

By Dan Healing THE CANADIAN PRESS CALGARY- About 400 jobs are expected to disappear at Suncor Energy Inc.’s oilsands mines in northern Alberta as it deploys driverless ore-hauling trucks to replace the ones humans operate now. “We have about 500 roles that will get eliminated through this and we’re going ...

Read More »

Legal marijuana shops could boost nearby properties: experts, study

TORONTO- While Ontario landlords are looking to ban marijuana use in their rental units and several municipalities don’t want legal cannabis stores in their neighbourhoods, experts and a U.S. study suggest that recreational pot could lift property values. Property prices for homes in Denver near shops which converted from medical ...

Read More »
error: Content is protected !!