Business

About 100,000 Canadians have cut the TV cord in 2017 — down 22% from last year’s pace

Canada’s biggest TV providers lost almost a quarter fewer customers in the first half of 2017 as they did the same time last year, a new report shows. Ottawa-based Boon Dog Professional Services Inc. has tabulated numbers made public by Canada’s seven biggest TV providers — Rogers, BCE, Shaw, Videotron, Cogeco, Telus, and MTS — and found that they collectively lost ...

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Resale house prices increased in July, but weakness showing in Toronto, Teranet says

Canadian home prices rose two per cent in July from the month before, driven by the strongest real estate markets, but homes other than condos saw their sale prices decrease, according to the Teranet-National Bank House Price Index. Prices overall were up 14.2 per cent from a year ago, the same as the 12-month gain recorded in June, but the month-to-month ...

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TSX and NYSE stocks rally as North Korean fears wane

Stock markets were higher in Canada and the United States on Monday as tensions over armed confrontation with North Korea seemed to ease. Last week was the worst for stocks since late March as rising tensions between the U.S. and North Korea startled investors out of the complacency seen in stock markets for most of this year. That concern eased ...

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Husky Energy to buy refinery in Wisconsin for $435M US

A $435-million US deal to buy a refinery in Wisconsin will allow Husky Energy to match processing capacity with its growing heavy oil output while postponing a planned asphalt plant expansion in Alberta. The 50,000-barrel-per-day refinery in Superior, Wis., is being purchased from Calumet Specialty Products Partners of Indiana in a deal expected to close in the fourth quarter, the ...

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Freeland: Canada’s NAFTA goals include modernizing labour, environmental standards

Foreign Affairs Minister Chrystia Freeland says Canada will seek to modernize North America’s 23-year-old trade deal to update its labour standards, ease the cross-border movements of professionals, cut red tape and open up government procurement. Talks to renegotiate the North American Free Trade Agreement begin on Wednesday in Washington, D.C. Freeland is now on Parliament Hill with three of her ...

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Politicians like Brad Wall must take the fall for boom and bust: Don Pittis

It seems only months ago that Brad Wall was one of the most popular politicians in Canada. In 2016 his conservative Saskatchewan Party swept to its third consecutive election victory, taking all but 10 seats in the 61-seat provincial legislature. But starting this spring, the mood in the province changed. Grumbling at cuts While last week’s resignation came as a ...

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International pressure mounts over Ford Focus and Fiesta transmissions

Ford is facing increasing international pressure over transmission problems in some its Focus and Fiesta models. A Canadian lawyer is seeking certification for a class-action suit, Transport Canada is continuing its defect investigation and the Australian government is starting action against the automaker for alleged “unconscionable and misleading” conduct. At the same time, Ford has agreed to a proposed class-action settlement in the ...

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Netflix fee hike and meat inspection problems: CBC’s Marketplace consumer cheat sheet

Miss something this week? Here’s the consumer news you need to know from CBC’s Marketplace. Get this in your inbox every Friday. Sign up here. Netflix raising its prices Canadians are going to have to pay more for Netflix. The streaming service is upping the cost for new and current subscribers: $1 more a month for basic and standard plans; $2 a ...

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Small business owners say they are unfairly targeted by proposed tax changes

Don Paton spends most of his days pricing new jobs around the factories and industrial sites of Hamilton, or in hands-on work making the electrical connections for the cranes his company installs and repairs. The rest of his time he spends at a computer, usually tackling administrative work for his business, Ontario Crane Service. But last week he sat down to give Bill ...

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Round 1: Canada stakes out ground as historic NAFTA rewrite begins

Foreign Affairs Minister Chrystia Freeland will steer Canada’s talks as the first round of NAFTA renegotiations kick off this week. (Bullit Marquez, Pool/Associated Press) After months of heated rhetoric and diplomatic groundwork, talks to overhaul the North American Free Trade Agreement will formally begin this week with Canada pushing for more stringent labour and environmental standards in the deal. Canada’s top ...

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