Canada’s economy grew 0.1 per cent in November, driven largely by higher utility costs and mostly offsetting October’s surprise decline, Statistics Canada data showed on Friday. Analysts in a Reuters poll had forecast no change after an unexpected 0.1 per cent decline in October. Goods-producing industries and the services sectors both postedRead More →

A new report found that the reality of retirement in Canada isn’t quite what people expect it to be. The online poll of 1,800 people conducted by Ipsos on behalf of RBC revealed notable misconceptions surrounding retirement. They include the timing of that last day on the job and how Canadians actually spend theirRead More →

Commercial airlines on Wednesday rerouted flights crossing the Middle East to avoid possible danger amid escalating tensions between the United States and Iran. A Ukrainian passenger jet crashed on Wednesday, just hours after Iran’s ballistic missile attack, but Iranian officials said they suspected a mechanical issue brought down the 3½-year-oldRead More →

Nissan’s fugitive former boss, Carlos Ghosn, has described his arrest in Japan, from which he escaped last month, as a plot against him and said his detention conditions were a “travesty” against human rights. Ghosn was defensive as he held a news conference in Beirut Wednesday — his first appearanceRead More →

A Toronto-based investment firm has signed a $1-billion deal to buy the Canadian space technology company behind Radarsat Earth-observation satellites and the Canadarm robotic mechanisms on the International Space Station. A consortium led by Northern Private Capital with financial backing from former BlackBerry co-chief executive Jim Balsillie will acquire allRead More →

Canada’s economy slightly shrank in October with real gross domestic product edging down 0.1 per cent, Statistics Canada reports.  This marks the first decline in eight months.  Economists had projected a flat GDP report for October compared with September, according to financial markets data firm Refinitiv. The manufacturing sector wasRead More →