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Toyota Motor Corp. is recalling 2.87 million SUVs worldwide following a Transport Canada investigation found a defect that may result in the rear seatbelt being severed in a crash. The recall includes 150,000 RAV4s in Canada in the 2006 to 2012 model years. Transport Canada engineers discovered the defect once they reconstructed a fatal crash involving a 2011 RAV4 that ...

A spirited oil rally barely extended to some fourth consecutive day on Thursday, as Iran seemed to be cool to some Saudi-Russia proposal to freeze output. Saudi Arabia and Russia agree to freeze oil output, but deal ‘not worth much’ without Iran, Iraq Saudi Arabia and Russia, the earth’s two largest crude producers, agreed to freeze output after talks in ...

TORONTO – The CPP Investment Board along with a partner are jointly buying six seniors housing properties in Florida for US$555 million. The Toronto-based retirement fund manager will own 45 per cent of a new partnership which will buy the Aston Gardens properties, which have as many as 1,930 rental units in low-rise buildings in several communities throughout Florida. The ...

TORONTO ? Canadian Tire Corp. didn’t sell nearly as many winter tires, snowboards or tuques as it normally would in the fourth quarter of 2015, because of an uncharacteristically warm winter. But the retailer’s ability to squeeze out a rise in profits, margins and some divisional same-store sales nonetheless impressed analysts Thursday, who complimented executives on the business call for ...

Alberta Premier Rachel Notley’s blacklist of journalists she doesn’t like has been suspended when confronted with national condemnation. However it may return: Notley has asked a retired newspaper editor to create recommendations about “the government’s media policies.”  In Canada though, governments don’t have media policies. The only real accreditation necessary is found in the Charter of Rights with its guarantee ...

Another voice was added to their email list requesting /demanding the board of TSX-Venture listed Pivot Technologies Solutions does something to enhance shareholder value and seek a better offer for that company that designs, sells, integrates and supports IT solutions The company has agreed C subject to a shareholder vote C to a proposal in which the shareholders, other than ...

Cenovus Energy Inc. and Encana Corp. had their debt ratings lowered to junk by Moody’s Investors Service like a prolonged crude-price rout saps cash flows. Moody’s cut the ratings of senior unsecured notes for both Canadian producers three steps to Ba2, or two levels below investment grade, from Baa2, based on separate statements Thursday. It also reaffirmed the Baa2 rating ...

Equitable Bank has already established to add staff to the account opening operations and call centre after being overwhelmed with people trying to make the most of a new checking account that pays three per cent interest. Equitable Bank is creating a splash using its 3% rate of interest – here’s the way they do it High-interest savings accounts are one ...