All The News

iPhone 5's launch draws crowds at Apple's shops in Australia, Japan, Hong Kong, Singapore

CP | November 20, 2012 | Canada Business
HONG KONG - In a now-familiar ritual, Apple's Asian fans jammed the tech juggernaut's shops in Australia, Hong Kong, Japan and Singapore to pick up the latest version of its iPhone.Eager buyers formed long lines at Apple Inc. stores in Australia and Japan to be the first to get their...

Honda aims to double auto sales in 5 years to 6 million vehicles, fuel-cell vehicle in 2015

CP | November 20, 2012 | Canada Business
TOKYO - Honda is aiming to double its global auto sales to more than 6 million vehicles over the next five years as the Japanese automaker gears up for ambitious growth after bouncing back from last year's disasters."We have now reached the stage of going on the offensive," Honda Motor...

CAW GM Deal: Autoworkers Reach Tentative Agreement With General Motors, Only Chrysler Still Outstanding

Lauren Strapagiel | November 20, 2012 | Canada Business
TORONTO — The Canadian Auto Workers union reached a tentative agreement with General Motors on Thursday, making Chrysler the final of the Detroit Big Three still at the bargaining table. "This was a difficult couple days,'' CAW Ken Lewenza told a news conference Thursday night. "It was tough sledding.'' "General...

Chick-fil-A gives another statement amid gay marriage controversy, position still unclear

CP | November 20, 2012 | Canada Business
ATLANTA - Chick-fil-A is once again in the public relations fryer.The controversy flared up this week when a Chicago politician said the company was no longer giving to groups that oppose same-sex marriage, angering Christian conservatives who supported Chick-fil-A this summer when its president reaffirmed his opposition to gay marriage....

Exxon Mobil LNG Terminal In BC Still Possible, Says Vice-President

Jesse Ferreras | November 20, 2012 | Canada British Columbia
BANFF, Alta. - The senior vice-president of Exxon Mobil is bullish about the future of the oil and gas industry but is still keeping his cards close to his chest about the possibility of building a liquefied natural gas facility on the West Coast."Exxon Mobil and Imperial are currently in...

Ontario judge certifies $1 billion class action lawsuit against SNC-Lavalin

CP | November 20, 2012 | Canada Business
MONTREAL - An Ontario judge has certified a $1 billion class-action lawsuit against SNC-Lavalin on behalf of investors who saw the value of their investment in the company plummet following revelations of mysterious payments in North Africa.The Montreal-based engineering and construction firm didn't oppose the certification in exchange for the...

Aging Canada: Dwindling Birthrate And Aging Population To Hurt Economy Says Expert

Lauren Strapagiel | November 20, 2012 | Canada Business
BANFF, Alta. - Canada's aging population, combined with a lacklustre birthrate, is going to dramatically impact our country's economic performance in the future, according to an expert in the field.Canada is going to prove troublesome within the next 12 years, David Foot, a professor of economics at the University of...

Apple iOS 6 Maps Have Their Fair Share Of Bugs

Brian Trinh | September 20, 2012 | Canada Travel
The technology behind maps has undergone a serious overall in the last few years. The days of carrying those awkward, foldaway paper maps around foreign cities have been replaced with a slew of GPSs and apps that let just about anyone with a smartphone act like a regular Jacques Cartier....

Surrey Biofuel Plant To Be Canada's Biggest

Jesse Ferreras | November 20, 2012 | Canada British Columbia
SURREY, B.C. - The largest organics biofuel facility in Canada will be built in Surrey, B.C., as a way to divert waste from the landfill and turn it into natural gas.Mayor Dianne Watts says about a quarter of the facility's project costs will come from the federal government and that...

Complaints, jibes greet new Apple Maps app as users compare it to disappearing Google Maps

CP | November 20, 2012 | Canada Business
NEW YORK, N.Y. - With a touch of geek whimsy, Google Maps famously warns anyone who seeks walking directions to Mordor — the land of evil in "The Lord of the Rings" — to use caution."One does not simply walk into Mordor," it says. Apple is finding this week that...

Nexen Deal: CSIS Warns Foreign Takeover Could Pose National Security Threat From China

Lauren Strapagiel | November 20, 2012 | Canada Business
OTTAWA - The same day shareholders of a Calgary-based energy company agreed to a takeover bid by a state firm from China, Canada's spy agency is warning such purchases can pose a threat to national security.In its latest annual report, the Canadian Security Intelligence Service says the majority of foreign...

Apple, Google, Microsoft Avoid Taxes By Keeping Billions In Profits Offshore: Senate Report

Mark Gongloff | September 20, 2012 | Business
American multinational corporations have something in common with Republican presidential nominee Mitt Romney, aside from being people, too: They both keep a lot of their income overseas to cut their tax bills. Companies such as Microsoft and Apple quietly dodge billions of dollars in taxes each...

Mitt Romney Could Have Been A Billionaire

Bonnie Kavoussi | September 21, 2012 | Money
Compared to other private equity titans, Mitt Romney is arguably poor. Romney, the Republican presidential nominee who helped pioneer the private equity industry as co-founder of Bain Capital, is worth an estimated $250 million, according to Bloomberg News -- but other private equity executives are billionaires. According to...

New data show US hiring likely stayed weak in September, manufacturing activity faltered

CP | November 20, 2012 | Canada Business
WASHINGTON - A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs.The number of Americans seeking unemployment benefits last week stayed near a level that signals only weak hiring in September. Manufacturing shrank for a fifth straight month in the Philadelphia...

Starbucks turns up heat on market with 'Verismo' brewer starting at $199

CP | November 20, 2012 | Canada Business
NEW YORK, N.Y. - Starbucks Corp. is turning up the heat on the single-serve coffee market, and someone might get burned.The Seattle-based company says it will start selling its new single-serve brewer online this week for $199. The machine will be rolled out in its ubiquitous cafes next month.The arrival...

Taseko Prosperity Mine: Environmental Impact Statement Submitted For New Project

Jesse Ferreras | November 20, 2012 | Canada British Columbia
VANCOUVER - Taseko Mines Ltd. said Thursday it has formally submitted an environmental impact statement for its $1.1-billion New Prosperity project in B.C. in a renewed bid to build the mine that was rejected in 2010.The submission, which includes the company's plans to manage and minimize environmental impacts of the...

Air Canada to hire 1,100 employees to replace retirees, staff new airline

CP | November 20, 2012 | Canada Business
Air Canada plans to hire about 1,100 employees, including 200 at its new low-cost carrier, as the airline moves ahead with growth plans following a spate of labour conflicts with its major unions.The airline, which currently employs some 27,000 people worldwide, said Thursday the jobs are part of its strategy...

Paul Krugman: 'People Like Romney Agree With Occupy: It's Them Against The 99 Percent'

Bonnie Kavoussi | September 20, 2012 | Business
Paul Krugman says that Republican politicians agree with Occupy Wall Street on one thing. "In a way, people like Romney agree with Occupy: it's them against the 99 percent, except that they consider the 1 percent to be the people being exploited," the Nobel Prize-winning economist wrote in

Canadian Auto Workers Strike? CAW Gives GM Surprise Deadline

Daniel Tencer | September 20, 2012 | Canada Business
TORONTO — The Canadian Auto Workers union reached a tentative agreement with General Motors on Thursday, making Chrysler the final of the Detroit big three still to sign a deal with the union. The deal comes three days after the union signed a tentative deal with Ford and put off...

Shoppers Drug Mart At 50: How Canada's Beauty Habits Have Changed In A Half-Century

Sarah Kelsey | March 11, 2013 | Canada Style
A lot can change in 50 years, especially when it comes to our beauty habits. Case in point: fall 2012 is all about dark eyebrows and wine-coloured lips; back in the autumn of 1972, au natural was the thing that was "in." But that's not all that's changed, say Tammy...
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