TORONTO — An emergency fund is meant to be there in times of need, but a new survey suggests nearly half of Canadian homeowners would be ill prepared for a personal financial dilemma such as job loss.
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WASHINGTON — President-elect Donald Trump is considering an oil billionaire and a North Dakota lawmaker for top posts as he moves to roll back President Barack Obama’s environmental and energy policies and allow unfettered production of oil, coal and natural gas.
It’s last call for retirees at Labatt Breweries of Canada. For decades, they’ve been offered a weekly case of beer for free, but that comes to an end as of Jan. 1, 2019.
WASHINGTON — The chief of the International Monetary Fund on Monday called on governments and businesses to do more to promote the same economic opportunities for men and women and to fight discrimination that interferes with those goals.
TORONTO — Weeks before TV streaming service Shomi is set to shut down, BCE Inc. said Thursday its CraveTV streaming service recently hit one million subscribers.
The Montreal-based company said it reached the milestone by the end of September, nearly two years after it launched CraveTV in December 2014.
EXETER, N.H. — A pair of big Canadian investors are proposing to buy Performance Sports Group Ltd. (TSX:PSG), the maker of Bauer hockey skates and other sports equipment, for US$575 million through a court-supervised restructuring.
TORONTO — Norbord Inc. (TSX:OSB) and Louisiana-Pacific Corp. have agreed to exchange ownership of two wood panel mills in Quebec. Financial terms weren’t disclosed.
Louisiana-Pacific’s mill in Chambord, Que., is bigger than Norbord’s oriented strand board mill in Val-d’Ore, Que., but both have been idled for a number of years
SEOUL, Korea, Republic Of — Samsung Electronics said Friday that discontinuing the Galaxy Note 7 smartphone, which is prone to overheat and catch fire, will cost it about $3 billion in the current and coming quarters, raising total costs from the recalls to at least $5.3 billion.
CANBERRA, Australia — Ford Motor Co. ended 91 years of car manufacturing in Australia on Friday, with the remaining two Australian car makers due to close their doors next year.
Ford Australia said it built the world’s last six-cylinder, rear-wheel drive Falcon XR6 at its Broadmeadows plant in Melbourne and 600 employees lost their jobs.
TORONTO — Canada’s largest newspaper publisher has announced changes to its board and executive as it completes a deal to restructure its debt.
Postmedia Network Inc. (TSX:PNC.B, TSX:PNC.A) said Wednesday its total debt has been reduced by approximately $307 million and its annual cash interest expense has been reduced by approximately $50 million under a court-approved plan.