Business

Netflix keeps adding members, but rising costs and risks bring new challenges

It’s lonely at the top of the streaming world — especially if you peer over the cliff and see the hordes of rivals clambering up to take your spot. That’s where Netflix finds itself at the moment, as the company that turned itself from a DVD-by-mail business 20 years ago to a $75 billion media colossus with more than 100 million customers around ...

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Stock market fears subside as loonie strengthens against greenback

There were fewer signs of investor angst in the markets Friday despite the intensifying standoff between the United States and North Korea, while the loonie rebounded after more than a week of losses. On Bay Street, the Toronto Stock Exchange’s S&P/TSX composite index shed a moderate 40.87 points to 15,033.38. Trader sentiment was better in New York, where investors welcomed data showing ...

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Feds to review whether credit unions can use banking terms following outcry

New Canadian Credit Union Association president applauds move The Canadian Press Posted: Aug 11, 2017 4:35 PM ET Last Updated: Aug 11, 2017 4:35 PM ET Ottawa says it is reviewing whether credit unions should be allowed to use the terms “banks,” “banker” and “banking” after the federal regulator that oversees financial institutions ordered them not to. In late June, ...

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SoundCloud gets much-needed investment injection

Music and audio streaming service SoundCloud says it has reached an agreement on a “significant investment” with merchant bank The Raine Group of New York and investment firm Temasek of Singapore.  Berlin-based SoundCloud didn`t disclose the financial terms but reports say it`s worth $170 million US. As part of the deal, former Vimeo CEO Kerry Trainor becomes chief executive officer and another ...

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Trump’s numbers conundrum: How strong economic figures can add up to problems later

U.S. President Donald Trump inherited the Oval Office at a fortunate time, economically speaking. Even before he took over in January, the American economy was running on all cylinders, with strong growth in GDP that has gotten even stronger into 2017. Contrast that with his predecessor Barack Obama, who inherited a jobless rate that had already spiked and was headed ...

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Modest rise in U.S. consumer prices may delay Fed rate hike

U.S. consumer prices rose slightly in July as higher food costs were partly offset by falling prices for a range of other goods, suggesting benign inflation that could persuade a cautious Federal Reserve to delay raising interest rates until December. But with the labour market near full employment and economic growth accelerating, analysts expect the U.S. central bank will announce ...

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Telus reports strong wireless growth, but Q2 profit down

Telus Corp. is reporting strong performance in its key wireless division during the second quarter, including customer additions and higher average revenue per user. Wireless revenue was $1.85 billion, which included a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter. In the wireline division, which includes high-speed Internet and television ...

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Canada’s national pension plan now owns $326B, up almost $10B in past 3 months

Canada’s national pension plan owned assets worth $326.5 billion at the end of June, a nearly $10-billion increase in three months despite a weakening Canadian dollar that dragged down results. The Canada Pension Plan Investment Board (CPPIB) invests funds on behalf of 20 million Canadian workers and retirees included in the Canada Pension Plan. The board’s job is to take contributions ...

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Is your pension safe? It may depend on what happens to your company

You diligently make contributions to your company pension plan with the assumption you’ll get what you’re entitled to when you part with your employer. But that may not always be the case — depending on what type of plan you have and what happens to your company. Currently, workers at both Sears Canada and Northstar Aerospace in Milton, Ont., are facing ...

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Uber’s head of global operations resigns

New Ryan Graves was Uber’s first hire a little more than seven years ago The Associated Press Posted: Aug 10, 2017 4:17 PM ET Last Updated: Aug 10, 2017 4:18 PM ET Uber’s head of global operations is the latest executive to step down at the troubled ride-hailing company. Ryan Graves told staff in an email Thursday that he will ...

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