Business World

Three of Canada's biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they're all putting a lot more money aside to cover loans that potentially might go bad. TD, CIBC eliminate thousands of jobs; RBC, Scotia previously announced similar layoffs Latest …

Canada's economy shrank in the three months up to September, as household spending was flat and exports declined. Upward revision of numbers for previous quarter now show growth Canada's economy shrank in the three months up to September, as household spending was flat and exports declined. Statistics Canada reported Thursday …

Executives and senior leaders from Canada's oil and gas sector are heading to Dubai for the upcoming United Nations climate talks, eager to tell the world they are doing what they can to reduce greenhouse gas emissions. Fossil fuel industry will have position of prominence at this year's climate summit …

General Motors said it is pumping the brakes a little on its plans for electric vehicles and self-driving cars as new labour deals signed with unions in the U.S. and Canada will cost it almost $9.3 billion US. Company will spend $10B on stock buybacks and boost its dividend by …

Google and the federal government have reached an agreement in their dispute over the Online News Act that would see Google continue to share Canadian news online in return for the company making annual payments to news companies in the range of $100 million. Agreement comes 3 weeks before Online …

According to the "lipstick index," cosmetics sales go up during tough economic times as shoppers reach for small treats like lipstick rather than big-ticket items. With Canada's economy teetering on the verge of a possible recession, beauty and skincare sales are up 18 per cent, says market research firm Circana. …

Panama's President Laurentino Cortizo on Tuesday said his government would proceed with the shutdown of First Quantum's copper mine after the country's Supreme Court ruled the Canadian miner's contract was unconstitutional. Mining contract has sparked widespread protests across the country for weeks Panama's president said Tuesday that Canadian miner First …

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, including doubling the amount of money the bank sets aside to potentially write off loans that are in danger of not being paid back. Costs increased far more than revenue did The …

Cruz-Marohombsar and Company (CMC) in The Philippines announced that has joined BDO, the fifth-largest accountancy network in the world, under the name BDO CMC to reflect a combined local roots and strong global network. “We are committed to providing our clients with exceptional service and advice, whilst maintaining the utmost …

Orly Manuntag used to be a student leader during his university days and was a regular fixture in the League of Filipino Students’ rallies, exposing him to the plight of farmers. He also grew up with his parents, who ran a small rice retailing store in Baclaran during the 1990s …