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Business

Canada Post delivers $10-million loss

Canadians mailed fewer packages through Canada Post in the second quarter, eroding results across most of the Crown corporation's operations, while its courier business Purolator got a boost from more orders sent by e-commerce retailers.

Navistar board ousts CEO

Navistar International replaced CEO Daniel Ustian with former Textron CEO Lewis Campbell on an interim basis, after the truck maker's bet on a new generation of diesel engines failed to live up to promises.

Strike mandate against Big 3

Hourly workers at Chrysler, General Motors and Ford plants in Canada have voted overwhelmingly to go on strike to back their contract demands.

Hertz buying rental rival Thrifty in $2.3B deal

Hertz is onestep closer to its longawaited prize. More than two years after its original bid, it agreed to buy Dollar Thrifty Automotive Group for about $2.3 billion, giving it more ways to attract travellers and expand its international presence.
Housing affordability improves in Victoria

Housing affordability improves in Victoria

Victoria homes still a bargain when compared to Vancouver

Non-union workers will see 3.2% raise

Non-union workers across Canada can expect wage increases of 3.2 per cent on average next year, according to an annual survey by Mercer.

Insurance brokers say banks still breaking rules

Canada's insurance brokers see no let-up in the banking sector's "defiance" of federal regulations designed to prevent it from mingling banking and insurance activities, an industry spokesman said Friday.
Apple wins fight with Samsung

Apple wins fight with Samsung

Apple Inc. scored a sweeping legal victory over Samsung on Friday as a U.S. jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the U.S. company $1.051 billion in damages.

Overseas cottage threatens to sink this retirement

FAMILY FINANCE SITUATION Couple wants to retire but is weighed down by impulsive deal STRATEGY Cut price on vacation home and take a loss to free up cash SOLUTION Reduced risk, increased cash flow after work ends A couple we'll call Herb, 66, and Mar

Getting funds out of RESPs

With only days left until the start of school, parents of kids attending post-secondary education are scrambling to figure out how best to access the funds sitting in their registered education savings plans.
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