Business Canada

  • The base price of a 2017 Encore with the destination charge included has been lowered to $23,915, saving buyers $1,075 off of last year's $24,990 manufacturer's suggested retail price. It comes with front-wheel drive, a six-speed automatic transmission and a 138- horsepower, turbocharged four-cylinder engine and is cheaper than some other popular small...

  • OTTAWA, Jan 18- An interest rate cut remains on the table if the risks facing the country are realized, the Bank of Canada said on Wednesday, warning there would be "material consequences" if U.S. Though it did not quantify the potential impact, the bank said "prospective protectionist trade measures in the United States would have material consequences for...

  • *Temperatures far above 20th century average- NOAA, NASA. *Temperatures creeping close to ceiling set in Paris deal. OSLO, Jan 18- World temperatures hit a record high for the third year in a row in 2016, creeping closer to a ceiling set by the Paris climate change deal, with extremes including unprecedented heat in India and ice melt in the Arctic, scientists said on...

  • BOSTON, Jan 18- A small Boston- area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts. Alleged victims of MC2 Capital of Cambridge, Massachusetts included an unnamed institutional...

  • TORONTO, Jan 18- Below are some key quotes from an appearance by Bank of Canada Governor Stephen Poloz in Ottawa:. ON LIKELIHOOD OF FUTURE INTEREST RATE MOVES. "What we have is heightened uncertainty about trade policies in particular so we identified a number of downside risks as well as upside risks in our projection.

  • OTTAWA, Jan 18- The Bank of Canada held interest rates steady on Wednesday, as expected, even as it nudged growth forecasts higher, saying the big unknown of what policies U.S. President-elect Donald Trump will enact makes it prudent to wait and see. "They are giving themselves enough flexibility that if we were to get a very negative policy outcome from a major...

  • *Temperatures far above 20th century average- NOAA, NASA. OSLO, Jan 18- World temperatures hit a record high for the third year in a row in 2016, creeping closer to a ceiling set for global warming with extremes including unprecedented heat in India and ice melt in the Arctic, U.S. government agencies said on Wednesday. U.S. space agency NASA reported almost identical...

  • Kevin O'Leary on set of 'Shark Tank'

    Kevin O'Leary on Wednesday said he will join the Conservative leadership race in Canada.

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • The Saskatoon, Canada- based company said it expects to report a net loss for 2016 citing asset impairments resulting from fair market assessments at the end of the year. Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do... reflect the consequences of a continued...

  • DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in a panel before the University of Texas at Austin 2017 Business Forecast- 1400 GMT. SAN FRANCISCO, United States- Federal Reserve Chair Janet Yellen speaks on "The Goals of Monetary Policy and How We Pursue Them" before the Commonwealth Club- 2000 GMT.

  • VANCOUVER, British Columbia _ Destiny Media Technologies Inc. on Tuesday reported fiscal first-quarter net income of $104,000, after reporting a loss in the same period a year earlier. The Vancouver, British Columbia- based company said it had net income of less than 1 cent on a per-share basis. Keywords: Destiny Media Technologies, Earnings Report.

  • At an investor day event, the Vancouver- based miner focused on the exploration potential at its mine sites and projects in the Americas, a turnaround from recent years when most miners' attention was on reducing costs, not growth. Goldcorp late on Monday said it expected to increase gold output by a fifth over the next five years to about 3 million ounces, driven by...

  • CALGARY, Alberta, Jan 17- Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document obtained by Reuters. The Canadian Security Intelligence Service warning...

  • OTTAWA, Jan 17- Canada's housing agency said on Tuesday it will increase its homeowner mortgage loan insurance premiums in a move that makes it marginally more expensive for borrowers to buy a home but should not materially affect the housing market. The move will add about C $5 to the average monthly mortgage payment, the Canada Mortgage and Housing...

  • CALGARY, Alberta, Jan 16- A section of an intra-provincial oilfield pipeline under construction in Canada's oil heartland of Alberta needs replacement after being damaged by an act of "mischief," authorities said on Monday. The Royal Canadian Mounted Police said it appeared the culprit or culprits tried to used construction equipment on site to dig up the...

  • CALGARY, Alberta, Jan 16- An intra-provincial pipeline under construction in Canada's oil heartland of Alberta needs replacement after being damaged by an act of "mischief," authorities said on Monday. The Royal Canadian Mounted Police said it appeared the culprit or culprits tried to used construction equipment to dig up the pipeline and estimated the...

  • CALGARY, Alberta, Jan 16- An entire pipeline in Canada's oil heartland of Alberta needs to be replaced after an act of "mischief" caused C $500,000 to C $700,000 in damage to it, police said on Monday.

  • WASHINGTON, United States- Federal Reserve Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution- 1500 GMT. WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a webcast townhall meeting with educators from across the country and participate via webcast from Federal Reserve Bank offices throughout...

  • WASHINGTON, United States- Federal Reserve Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution- 1500 GMT. WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a webcast townhall meeting with educators from across the country and participate via webcast from Federal Reserve Bank offices throughout...