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Global stock markets tumble after Wall Street battering

Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that a potentially healthy pullback from record highs could turn into a protracted bear market. The selling, which gathered pace Monday when the Dow Jones industrial average posted its biggest percentage …

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Imperial Oil posts $137M loss in 4th quarter

Rick Kruger, chairman, president and CEO of Imperial Oil, speaks during an annual meeting in Calgary. The company reported that it lost $137 million, or 16 cents per share, in its fourth quarter. (Larry MacDougall/Canadian Press) Imperial Oil Ltd. reported a loss in its latest quarter as it was hit …

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Motorola to buy Vancouver surveillance systems maker for $1 billion US

Motorola Solutions announced Friday that it has entered into a $1 billion U.S all-cash agreement to buy Vancouver based Avigilon, a maker of video surveillance systems. Avigilon high definition video products are used for surveillance in prisons, airports, government facilities, health-care centres, schools and casinos. The company holds more than …

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Judgment Day: The high stakes gamble of Super Bowl ads

Forget the game on the field, when the New England Patriots and Philadelphia Eagles hook up this weekend in Super Bowl LII, the most cutthroat competition could be during the commercial breaks. Companies are paying upwards of $5 million per 30-second commercial to pitch their product in front of roughly …

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Fed leaves rates unchanged, sees inflation rising this year

The Fed’s statement following a two-day policy meeting was the last under Fed Chair Janet Yellen. (Pablo Martinez Monsivais/Associated Press) The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said it anticipated inflation would rise this year, in a sign it is still on track to raise borrowing …

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