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Fed Chair Powell pledges to use tools to support economy

Fed Chair Powell pledges to use tools to support economy

WASHINGTON — Federal Reserve Chairman Jerome Powell sought to calm fears Friday over the viral outbreak by issuing a rare statement of reassurance that the Fed will “use our tools" to support the economy — a strong signal of a coming interest rate cu
CRTC needs to take new approach on wireless price reductions, advocate says

CRTC needs to take new approach on wireless price reductions, advocate says

Canadians are frustrated by the high prices they pay for wireless internet and the problem will only get worse unless the industry's regulator makes a dramatic move to increase competition, a consumer advocacy group said Friday.
Tim Hortons faces U.S. franchisee lawsuit alleging 'fraudulent' business scheme

Tim Hortons faces U.S. franchisee lawsuit alleging 'fraudulent' business scheme

TORONTO — Franchisee unrest has hit Tim Hortons again, this time from its U.S. members, who are accusing the company of engaging in an "illegal and fraudulent business scheme.
Event organizers cancel conferences, grapple with coronavirus outbreak

Event organizers cancel conferences, grapple with coronavirus outbreak

TORONTO — Organizations across the country are cancelling conferences, fretting about whether to forge ahead with events and considering more health-conscious policies as concerns grow over the recent outbreak of a novel form of coronavirus.
TMX exchanges operating normally Friday after glitch forced halt a day earlier

TMX exchanges operating normally Friday after glitch forced halt a day earlier

TORONTO — TMX Group says trading activity is operating normally on its exchanges after a malfunction Thursday forced it to close trading early amid a major market selloff.

Onex Corp. reports US$187M profit, says virus impact so far minor for businesses

TORONTO — Private equity firm Onex Corp. says it had net earnings of US$187 million in the fourth quarter compared with net earnings of US$88 million a year earlier when it reported under a different reporting standard.
Vancouver founder of meme-friendly White Claw on bringing the drink to Canada

Vancouver founder of meme-friendly White Claw on bringing the drink to Canada

A tsunami of social media hype and celebratory trend pieces have already made White Claw a sensation in the United States.
Statistics Canada says economic growth slowed to 0.3% annual pace in Q4

Statistics Canada says economic growth slowed to 0.3% annual pace in Q4

OTTAWA — Economic growth in Canada slowed over the last three months of 2019 for its worst quarter in three years, limping into 2020 and facing headwinds from trade uncertainty and the novel coronavirus outbreak.
Laurentian Bank reports Q1 profit down from year ago, misses expectations

Laurentian Bank reports Q1 profit down from year ago, misses expectations

MONTREAL — Laurentian Bank Financial Group missed expectations as it reported its first-quarter profit fell to $32.2 million compared with $40.3 million in the same quarter a year earlier.
Global stocks fall again on fear of virus impact on economy

Global stocks fall again on fear of virus impact on economy

Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008.
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