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  • Loblaw, George Weston to settle class action over bread price-fixing for $500 million

    Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a pair of class-action lawsuits regarding their involvement in an alleged bread price-fixing scheme.

  • I’m Retired and Regret Making These 3 Frugal Moves Years Ago

    Retirement means different things to different people. For some, it means working a traditional career path until they're in their mid-60s -- right around the time when they can start collecting their...

  • Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays

    DETROIT (AP) — Investors are punishing automakers' stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles.

  • Scotiabank ‘technical issue’ leaves customers without paycheques

    Scotiabank says a “technical issue” has left some customers’ payments, including direct deposits, not being put into their accounts. “We are currently experiencing a technical issue where some of our clients’ inbound payments, including direct deposits and cheque deposits, are not being applied to their accounts,” the bank said in a social media post shortly after 10 a.m. Eastern.

  • N.S. wants $900K in fuel taxes from directors of bankrupt Maritime Fuels

    The Nova Scotia government is seeking more than $900,000 from the directors of a defunct fuel and heating oil company for taxes that were collected from customers in the years before it went bankrupt but which were never turned over to the province.The provincial fuel tax issue is adding to the catalogue of financial woes faced by Maritime Fuels that have trickled out since it abruptly closed down last fall, owing more than $51 million to creditors, including $2.5 million to customers who prepai

  • Carmaker Stellantis pledges to tackle problems in North America as profits plunge

    MILAN (AP) — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere Thursday after reporting a plunge in first-half earnings.

  • China’s Made-in-Europe EVs Pose New Threat to Region’s Carmakers

    (Bloomberg) -- China’s electric carmakers are expanding in Europe to blunt the impact of tariffs meant to weaken their price advantage over the region’s ailing legacy manufacturers.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerGreat Rotation Trade Sees Investors Dump AI Giants for L

  • Apple falls: iPhone maker out of China's top 5 as Huawei ascends

    Apple has fallen out of the top 5 ranking of smartphone vendors in China, according to data trackers, marking the first time in years the iPhone maker has fallen so low in one of its most important markets. iPhone shipments in China in the three months ended June declined 2 per cent year on year, bumping Apple down to No 6 on Canalys' list of top vendors by shipments, putting it behind Vivo, Oppo, Honor, Huawei Technologies and Xiaomi, according to a report from the market research firm on Thurs

  • 6 Energy Stocks That Could Thrive in a Rebound

    The profit-reporting season for oil and gas companies started out in a downbeat mood, but things could be starting to shift.

  • Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement Wealth

    Here are two of the best Canadian dividend stocks you can add to your portfolio right now to build retirement wealth in the long run. The post Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement Wealth appeared first on The Motley Fool Canada.

  • Apple's China smartphone shipments drop 6.7% as Huawei surges, data shows

    BEIJING (Reuters) -Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys. Apple's total shipments for the quarter ending in June stood at 9.7 million units, down from 10.4 million units in the same quarter last year, Canalys data shows. In contrast, Huawei's smartphone shipments surged 41% year-on-year to 10.6 milion in the quarter, bolstered by the launch of its new Pura 70 series in April.

  • Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply

    Strategic petroleum reserve stocks are low and regulatory easing may only significantly boost U.S. long-run supply, the bank said in a client note. Oil prices rose slightly on Friday after the release of U.S. economic data that beat analyst estimates, raising investor expectation for increased crude oil demand from the world's largest energy consumer. Goldman Sachs expects Brent prices to range from $75 to $90 in 2025, assuming trend-like growth in gross domestic product (GDP) and steady oil demand as well as market balancing by the Organization of the Petroleum Exporting Countries and affiliates.

  • Jetmaking industrial problems overshadow orders at damp air show

    The world's largest air show fizzled out on Thursday with a solid new Saudi jetliner order unable to dispel the gloom over recent problems in producing planes fast enough to meet demand. Britain's Farnborough Airshow opened earlier this week amid alarm signals from airlines over falling yields or average fares. Airbus and Boeing posted about 40 firm orders - a fraction of recent years - and were roughly level depending on whether Qatar Airways' decision to come forward as the previously unnamed buyer for an existing Boeing order was counted.

  • Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

    BANGKOK (AP) — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains.

  • Great Rotation Trade Sees Investors Dump AI Giants for Less Obvious Stocks

    (Bloomberg) -- Signs that equity investors are getting cold feet over the rapid advances in artificial intelligence leaders have put a spotlight on some less obvious beneficiaries of the technology boom.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerThe Private Equity Staffer With a

  • Wild blueberry growers in P.E.I., worried about low prices, look to tap into new markets

    P.E.I.'s wild blueberry growers are still feeling the blues over the low prices for their harvest in 2023, and are now turning to new markets in hopes of providing more stability in the industry. Benny Nabuurs has a 400-acre wild blueberry farm in Cardigan, in eastern P.E.I., and has been in the business for 35 years. He said the volatility of prices has some producers thinking about getting out of the wild blueberry game. "In the last four years, we've seen record high prices, and they've slowl

  • Loblaw’s $500M settlement: Did the national boycott impact their bottom-line profit?

    Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500-million to settle a class-action lawsuit regarding their involvement in an alleged bread price-fixing scheme. The class-action case was brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger and Sobeys owner Empire Co. Ltd. This comes as Loblaw reported its second-quarter profit decreased compared with a year ago amid a month-long national boycott of the company. Anne Gaviola has more on the class action case and whether or not the May boycott made a significant dent in the grocery giant’s bottom line.

  • Health Matters: Ontario has lowest ratio of registered nurses in Canada

    A new report from the Canadian Institute for Health Information has found Ontario now has the lowest ratio of registered nurses in the country. Data shows the province's shortage continues to worsen, dropping to only 651 registered nurses per 100-thousand people. Katherine Ward has this story and more in Health Matters for July 26, 2024.

  • I'm a quiet vacationer. Here's how I used a mouse jiggler to take a monthlong trip to Italy without telling my boss.

    A tech employee told BI why they're quiet quitting at work, and how they secretly spent a month in Italy without telling their company.

  • New Orleans' mayor accused her of stalking. Now she's filed a $1 million defamation suit

    NEW ORLEANS (AP) — A New Orleans woman once accused of stalking by Mayor LaToya Cantrell turned the tables Friday with a $1 million-plus federal lawsuit accusing Cantrell, her chief of staff and eight members of the city police department of civil rights violations and defamation.