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Updated: 1 day 13 hours ago

Bayer shares plunge after Roundup hit with $289M lawsuit over cancer link

Mon, 08/13/2018 - 11:31

Bayer shares plunged as much as 14 per cent on Monday, losing about $14 billion in value, after newly acquired Monsanto was ordered to pay $289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer.

VF Corp., following millions of consumers, will shed its denim

Mon, 08/13/2018 - 09:55

The company that makes Wrangler and Lee jeans is breaking off its denim division to focus on its fast-growing outdoor and activewear business.

Ensign Energy Services makes $470M hostile takeover offer for Trinidad Drilling

Mon, 08/13/2018 - 09:03

Shares in Calgary-based Trinidad Drilling Ltd. leaped by almost 15 per cent Monday morning after cross-town rival Ensign Energy Services Inc. announced it would make a hostile $470-million cash takeover bid.

Elon Musk says Saudi fund supports Tesla buyout, talks continue

Mon, 08/13/2018 - 07:46

Tesla chief executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding.

Turkish lira loses another 7% as economic crisis deepens

Mon, 08/13/2018 - 05:48

Turkey's central bank announces a series of measures to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies, and a trade and diplomatic dispute with the United States.

Experts warn Canada is not immune to global financial contagion: Don Pittis

Mon, 08/13/2018 - 01:00

Canada has been riding high in the slipstream of a roaring U.S. economy. But there are early signs that trouble is brewing.

Canadian residents hit by Trump tax dealt a new blow

Mon, 08/13/2018 - 01:00

Thousands of Canadian residents hit hard by a retroactive tax signed into law by U.S. President Donald Trump have been dealt another blow, CBC News has learned. New proposed regulations issued by the U.S. Treasury Department and the Internal Revenue Service threaten to increase their tax hit.

Why boycotting Canadian wheat is likely to backfire for Saudi Arabia

Sun, 08/12/2018 - 01:00

The sudden diplomatic dispute between Saudi Arabia and Canada took a lot of unexpected twists and turns this week, but perhaps none was more head-scratching than the kingdom's threat to stop buying Canadian wheat.

Aeroplan adds airlines and buck a beer falls flat: CBC's Marketplace consumer cheat sheet

Sun, 08/12/2018 - 01:00

CBC's Marketplace rounds up the consumer and health news you need from the week, including Aeroplan adding three airlines to its loyalty program, a researcher's recycling solution for the EpiPen shortage and buck a beer falling flat with Ontario brewers.

How blockchain tech could help us track where food comes from

Sun, 08/12/2018 - 01:00

The same networked record system that powers cryptocurrencies such as Bitcoin is now being used to document the origins of what we eat, and even, potentially, help trace the origins of contamination outbreaks.

Trump threatens auto tariffs against Canada if trade talks fail

Sat, 08/11/2018 - 07:26

Donald Trump launched a fresh auto tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it awaits the completion of one-on-one talks between the United States and Mexico.

Unionized Quebec Tim Hortons workers unhappy with deal that cuts paid breaks

Sat, 08/11/2018 - 01:00

The union representing 80 workers at four Quebec Tim Hortons claims they've been dealt a blow after an imposed contract cut their paid coffee and lunch breaks, even though their employer is abiding by the collective agreement and the province's labour laws.

Elon Musk sued over tweets, proposal to take Tesla private

Fri, 08/10/2018 - 18:10

Tesla Inc. and its chief executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company private.

Monsanto ordered to pay $289M US in California Roundup lawsuit over cancer claims

Fri, 08/10/2018 - 16:13

A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company's glyphosate-based weed-killers, including Roundup, caused him cancer and ordered the company to pay $289 million US in damages.

CPP Fund grows to $366.6B at end of June

Fri, 08/10/2018 - 10:36

Canada Pension Plan Investment Board says its main fund grew to $366.6 billion of net assets at the end of June, up $10.5 billion from the end of March.

Freshii shares down on earnings miss

Fri, 08/10/2018 - 10:07

Freshii share prices weakened on Friday as the Toronto-based restaurant chain missed earnings expectations for the second quarter.

Cineplex profit jumps on higher attendance, more concession revenue

Fri, 08/10/2018 - 07:45

Cineplex Inc. had $24.4 million of net income in the second quarter, beating analyst profit estimates, as total revenue increased by 12.4 per cent from last year and the company made progress on its cost-reduction efforts.

Trump doubles steel and aluminum tariffs on Turkey to 20 and 50%

Fri, 08/10/2018 - 06:10

U.S. President Donald Trump said on Friday he had authorized higher tariffs on imports from Turkey, imposing a 20 per cent duty on aluminum and 50 per cent one on steel, as tensions mount between the two NATO allies.

Canadian economy added 54,000 jobs in July, mostly part time

Fri, 08/10/2018 - 05:48

The Canadian economy added about 54,000 new jobs last month, causing the jobless rate to fall two-tenths of a percentage point to 5.8 per cent.

RyanAir pilot strike grounds 400 flights across Europe

Fri, 08/10/2018 - 05:21

Budget airline Ryanair said Wednesday it is cancelling 400 of over 2,400 flights on Friday due to a strike by pilots in Ireland, Sweden, Belgium and Germany at the height of the vacation travel season.

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