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Hudson’s Bay Co. has reported a clear, crisp increase in both fourth-quarter and full-year net earnings as the department store group had a big boost from the sale of property investments. The company, whose banners include Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue among others, said net earnings in the three months ended Jan. 30 was $370 million, ...

Oil prices reached a 2003 low below US$28 per barrel on Monday because the market braced for a rise in Iranian exports following the lifting of sanctions against Tehran over the past weekend. The United States revoked sanctions that had cut Iran’s oil exports by a couple of million barrels per day (bpd) since their pre-sanctions 2011 peak to nothing ...

DAVOS, Switzerland – Disruptive labour market changes, such as the rise of robots and artificial intelligence, can lead to an internet lack of 5.A million jobs within the next five years in 15 leading countries, based on an analysis published in Davos on Monday. The projection by the World Economic Forum (WEF), which is holding its annual meeting within the ...

A man accused of securities fraud through the Alberta Securities Commission in 2014 continues to be arrested in Mexico and returned to Canada to face the costs. Kenneth Charles Fowler and the other man, Douglas Wayne Schneider, were charged in January 2014 with fraud along with other securities offences in the Provincial Court of Alberta. The boys were accused regarding ...

The stage is placed for a second green bond issue through the province of Ontario. The province, which raised $500 million of four-year debt at 1.75 percent in October 2014, has announced the lead managers to have an upcoming offering. Given that marketing has begun, the deal might be priced as early as this week. The province has appointed Bank ...

TORONTO ? Canada’s economy is being threatened by “currency instability” because the loonie’s rapid decline against the U.S. dollar is hurting business and consumer confidence, economists warn. What living with a low dollar way to ordinary Canadians Jack Mintz: Canadians now desire to make $100,000 annually to make the same salary as American paid $70,000 as our shrinking dollar brings ...

In an abrupt about face, New Leaf Travel Co., which began sales of ultra-low-cost airfares on Jan. 6, is temporarily halting sales although it waits for that country’s airline regulator to complete its overview of licensing procedures. In a statement late Monday afternoon, the Winnipeg-based upstart carrier with destinations to seven secondary Canadian cities on its route map, said hello ...

The CEO of Canadian auto-parts supplier Linamar Corp. says the business’s recent stock rout – down 26 percent so far this month – is “frustrating” and reflects a few key misunderstandings concerning the health of the auto industry. Linda Hasenfratz said she believes there are two reasons for the share-price decline, that has outpaced the 8.3 per cent stop by ...