Business

How to fight back against rising bank fees on chequing accounts

Canada’s big banks continue to enjoy big profits. But that hasn’t stopped them from charging customers a host of personal banking fees. In fact, fees have become an ever more important part of their revenues. Many banks are also making it more difficult to avoid one of the largest and most irritating fees — that pesky chequing account charge that can cost up to ...

Read More »

‘There isn’t a best card out there’: How to choose a credit card that works for you

Credit cards are sometimes lambasted as high-cost consumer debt that can quickly get borrowers into trouble. But if you pay off the balance each month, credit cards can also have significant perks. Loyalty programs like Air Miles, which has both a standalone program and partnerships with credit cards, have drawn a lot of criticism lately, but Canadians are still attached to credit cards ...

Read More »

Trump’s ‘America first’ tone worries head of Canadian oil and gas industry group

The president of the Canadian Association of Petroleum Producers says the protectionist sentiments expressed in U.S. President Donald Trump’s inauguration speech are a “wakeup call” for Canada. Tim McMillan says Canada is sometimes not “front of mind” when its largest trading partner makes policy changes and it must therefore be alert and quick to remind the U.S. when their policies ...

Read More »

Oil and stock prices higher as Donald Trump sworn in

Stock markets headed into the first day of the Trump administration in a largely positive way, with the Dow Jones, the Nasdaq and the S&P 500 all higher despite a slight swoon while America’s 45th president delivered his inaugural address. The Dow Jones Industrial Average was up by about 40 points to 19,779 in the afternoon, just minutes before the new ...

Read More »

Navdeep Bains defends open borders for global trade in Davos speech

Automakers on both sides of the border fear the potential negative effects of a Donald Trump presidency, Canada’s economic development minister said Thursday as he met with international business and political leaders in Switzerland. Navdeep Bains said he’s been having nervous conversations with concerned automakers, both at the recent auto show in Detroit and during his current visit to the ...

Read More »

Inflation heats up to 1.5% in December as higher gas prices offset cheaper food

Gasoline prices increased in December on an annualized basis. (Paul Chiasson/Canadian Press) The cost of living in Canada increased by 1.5 per cent last month, as slightly more expensive gasoline prices helped offset slightly cheaper food prices. Statistics Canada reported Friday that seven of the eight components it tracks were more expensive in December compared to November. The transportation index, ...

Read More »

Tim Hortons owner launches app to pay-and-go with no lining up

The parent company of Tim Hortons and Burger King plans to launch an app Canada-wide this spring that would allow customers to order and pay in advance on their smartphone without lining up to pay a cashier. The move by Restaurant Brands International follows a similar one by Starbucks and is the latest push towards more automation in the food ...

Read More »

Trump win prompts surge of interest in Canadian real estate from Americans, Royal LePage says

One of Canada’s biggest sellers of real estate says it is witnessing a surge of interest from Americans who are considering moving north as a result of the U.S. presidential election. In a report released Friday, Royal LePage said visits to its website surged by more than four times the normal daily volume the day after Donald Trump’s win on November 8th. That doesn’t ...

Read More »

NewLeaf cancels more flights amid ‘schedule change’

Budget flight company NewLeaf has cancelled more flights in Ontario, B.C., Alberta and Nova Scotia for the next few weeks. According to a memo sent to passengers, four flights — all on Sundays — have been cancelled, effective Jan. 15: Hamilton to Halifax. Halifax to Hamilton. Abbotsford, B.C., to Edmonton. Edmonton to Kelowna, B.C. NewLeaf spokeswoman Julie Rempel told CBC News that ...

Read More »