News/Business (Page 39)

Business Bank of Canada governor Tiff Macklem said Tuesday that he is pleased that inflation has fallen to two per cent, but the central bank now has to “stick the landing” and keep price growth centred around the target. Bank of Canada governor Tiff Macklem said Tuesday that it’s reasonableContinue Reading

Business Cineplex Inc. has been ordered to pay a record $38.9-million fine by the Competition Tribunal for deceptive marketing practices — but the ruling doesn’t stop the theatre owner from continuing to charge the online booking fee that sparked the case in the first place. Competition Tribunal says online bookingContinue Reading

Business·Marketplace CBC’s Marketplace rounds up the consumer and health news you need from the week. Consumer and health news you need from the week ‘Elaborate’ scam results in unwanted mortgages with high interest ratesCBC Marketplace’s David Common interviews OPP constables Lisa Cruz and Erin Fraser about a complex and multi-jurisdictionalContinue Reading

Business General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software may fail to display a warning light when a loss of brake fluid takes place. More than 38,000 Canadian vehicles impacted by recallThe Associated Press · Posted: Sep 20,Continue Reading

Business Statistics Canada says retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales. Analysts say the the rise came amid Bank of Canada’s July rate cut, but that more cuts are needed to spark lasting results. StatsCan said Friday that retail salesContinue Reading

Quebec’s Alimentation Couche-Tard started with one store in 1980. Now, the retailer stands a serious chance of taking over the largest operator of convenience stores in the world: 7-Eleven.  Currently, 7-Eleven’s more than 84,000 locations across the globe are owned by Japanese retailer giant, Seven & i Holdings, which rejectedContinue Reading

Business TD Bank Group announced Thursday that Raymond Chun will replace CEO Bharat Masrani when he retires next spring. It comes as the bank works to resolve investigations into deficiencies in its anti-money-laundering program in the U.S., which allegedly allowed hundreds of millions of dollars of illicit drug profits toContinue Reading

Business The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. Committee confident that inflationContinue Reading

Business Tupperware Brands, the company that revolutionized food storage decades ago and saw exponential growth with Tupperware parties, has filed for bankruptcy after years of financial woes and slumping sales due to cheap online competition. CEO says company isn’t going anywhere, but needs ‘essential flexibility’ after years of financial woesTheContinue Reading