News: Money

Trump rips the Fed, says he's not thrilled about rate hikes

Friday  01:56,   20 july 2018

In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery. Presidents rarely intercede when it comes to the Fed, which sets the[...]
News / Money

Colonel Sanders' family defends him amid Papa John's scandal

Thursday  19:02,   19 july 2018

The family of KFC’s Colonel Harland Sanders has come to his defense after Papa John’s founder John Schnatter suggested the colonel had used the N-word but hadn’t faced criticism for doing so. Schnatter resigned as chairman last week after admitting[...]

Auto industry gathers in Washington to discuss possibility of U.S. tariffs

Thursday  17:51,   19 july 2018

Auto industry gathers in Washington to discuss possibility of U.S. tariffsTrump's latest plan is to consider putting tariffs on imported autos and auto parts — a move he says would aid U.S.  workers but that could inflate car prices, make U.S.[...]

'It's been really tough,' manufacturers meet to discuss tariff impact

Thursday  16:02,   19 july 2018

A meeting about tariff impacts took place in Tecumseh, Ont. Wednesday, where manufacturers hoped to make a regional plan to handle the consequences. With tariffs on aluminum and steel already in place on both sides of the border, the president of[...]

Costco Grocery Delivery Comes To Canada, Starting With Southern Ontario

Thursday  09:05,   19 july 2018

The ritual family excursion to the local Costco warehouse could be a thing of the past for some customers, with the wholesaler announcing Wednesday that it's beginning to expand its grocery delivery service to Canada. The ritual family[...]

A China Borrower's $11 Billion Debt Pile Comes Crashing Down

Thursday  07:05,   19 july 2018

China this month recorded one of its biggest corporate-debt defaults yet, with the downfall of a coal miner that had ridden the country’s wave of credit until policy makers changed the game with their deleveraging campaign. For investors in Wintime[...]

A Toronto Condo Now Costs What A Single-Family Home Cost 6 Years Ago

Thursday  06:31,   19 july 2018

If you're a homebuyer looking to crack into the Greater Toronto Area market, this story will make you wish you were born six years earlier. That's because as recently as six-and-half years ago, you could have bought an average detached home for[...]

Banking has changed, but criminals haven't: How to protect your money

Thursday  05:51,   19 july 2018

This year marks a decade since the global financial crisis. Although the biggest financial institutions still dominate the landscape, banking has undergone some changes. The proliferation of smartphones means mobile banking now plays a[...]

Trying to retire: My really bad case of 'one more year' syndrome

Thursday  05:31,   19 july 2018

Think retiring is easy? Think again.My definition of retirement never included ending all paid work. At 49, you wouldn’t catch me in a rocking chair any time soon. I planned on using my advanced degrees and experience to write a book or start a[...]

Barack Obama on wealth inequality: ‘There’s only so much you can eat’

Thursday  04:25,   19 july 2018

“Right now I’m actually surprised by how much money I got,” said former U.S. President Barack Obama in Johannesburg, South Africa, on Tuesday. “There’s only so much you can eat. There’s only so big a house you can have. There’s only so many nice[...]

EU fines Google a record $5 billion over mobile practices

Thursday  04:25,   19 july 2018

European regulators came down hard on another U.S. tech giant Wednesday, fining Google a record $5 billion for forcing cellphone makers that use the company's Android operating system to install Google search and browser apps. The European Union [...]

Toronto market ticks lower, loonie moves down

Thursday  04:05,   19 july 2018

Canada's main stock index closed down along with the loonie as the energy and consumer staples sectors lost ground, while U.S. markets were mixed. The modest uptick in most U.S. markets Wednesday was a small part of a continued widening [...]

Kinder Morgan Canada profit drops on lower crude shipments

Thursday  04:05,   19 july 2018

Kinder Morgan Canada on Wednesday reported a quarterly profit that nearly halved, as it moved lower volumes of crude oil through its pipeline and its interest expenses also rose due to the pending sale of its Trans Mountain pipeline. The pipeline[...]

AmEx rewards program costs cloud strong quarterly results

Thursday  04:05,   19 july 2018

American Express Co (AXP.N) reported a steep rise in quarterly expenses as the credit card issuer spent more to fund its rewards program, overshadowing its profit beat and sending its shares down 3.5 percent in extended trading. The company has[...]

Jeff Bezos' Blue Origin launches spacecraft higher than ever

Thursday  04:05,   19 july 2018

Jeff Bezos' Blue Origin rocket company shot a capsule higher into space Wednesday than it's ever done before. Load[...]