You are here

Business

CPPIB enters joint venture to buy U.S. student housing properties for US$1.4B

TORONTO The Canada Pension Plan Investment Board has entered into a joint venture to purchase student housing properties in the United States for a total of US$1.4 billion.

The deal would see CPPIB and global investment firm GIC each own a 47.5 per cent stake in University House Communities Group.

A vegan revolution? Taste testing the next generation of fake meats, vegan mayonnaise

CONCORD, N.H. How far have vegan alternatives come to tasting like the real thing? Not far enough, according to a panel that tasted some options for The Associated Press.

“Noxious” and “kind of not natural” were among the reactions to some of the meatless alternatives being pushed by a new generation of vegan food makers that want to revolutionize the way Americans eat.

Inside the massive UPS sorting facility enabling online shoppers to spread Christmas cheer

LOUISVILLE, Ky. The humming is constant; a low-pitched drone from 155 miles of conveyer belts racing packages in every direction. Boxes shift from one belt to another and bump into a metal wall. Thud. Thud. Thud. In the background, trucks beep and jet engines roar.

Forget jingling bells and ho-ho-hos, these are now the sounds of the holidays.

’Star Wars: The Force Awakens’ blasts box office record with $238 million North American debut

LOS ANGELES To say that the force is strong with this one is an understatement.

“Star Wars: The Force Awakens” brought in a galactic $238 million over the weekend, making it the biggest North American debut of all time according to studio estimates on Sunday.

Experts see more good than bad for Canada’s oilpatch if U.S. oil export ban ends

CALGARY Experts see more good news than bad for Canada’s energy industry if the U.S. lifts its decades-old ban on oil exports.

The ban came into force when oil shortages were commonplace 40 years ago ‚Äî a stark contrast to today’s U.S. glut, thanks to fracking in shale formations in Texas and North Dakota.

Shale gas producers slash 2016 spending but plan increased production

CALGARY Shale gas producers in Western Canada are responding to plunging natural gas prices by slashing their 2016 budgets.

NuVista Energy Ltd. has cut its budget in half, while Encana Corp. and Painted Pony Petroleum Ltd. have cut their budgets by 25 per cent as natural gas prices sink to some of the lowest levels of the past decade.

Two-thirds of millennials investing, but most lack financial knowledge: poll

TORONTO A new poll suggests that two-thirds of millennials are investing their money, but that most feel they don’t have adequate knowledge for the task.

The poll done for CIBC (TSX:CM) found 67 per cent of Canadians aged 18 to 34 reported have investments including stocks, GICs, bonds and mutual funds.

However, 82 per cent said they didn’t know enough about investing.

Japanese brands dominate insurance industry’s auto safety rankings for 2016 model year

DETROIT Japanese brands dominate the insurance industry’s rankings of the safest vehicles for the 2016 model year.

The Insurance Institute for Highway Safety said Thursday that 48 vehicles earned its highest rating of “Top Safety Pick Plus.” That’s up from 33 a year ago.