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TORONTO – Bank of Montreal, Canada’s fourth largest lender, said on Wednesday that it had launched the very first biometric corporate card enter in Canada and the United States together with Mastercard. BMO and Mastercard said we’ve got the technology will enable cardholders to ensure transactions using facial recognition and fingerprint biometrics when making online purchases. In a statement, i ...

Descendants of John D. Rockefeller sold their Exxon Mobil Corp. stock and plan to dump all other fossil-fuel investments in the latest move against the industry that made their fortune. The Rockefeller Family Fund concluded there’s “no sane rationale” for companies to understand more about for oil as governments contemplate cracking down on carbon emissions, according to a statement on ...

The Liberal government could still meet its budget targets if oil prices fall to US$25 a barrel this season and Canada’s economy only grows by one percent. That’s thanks to a $6 billion contingency fund Finance Minister Bill Morneau has generated into this year’s $29.4 billion budget deficit, though he has not explained how he intends to use that contingency ...

Eldorado Gold Corp. suspended its dividend and reported a monster fourth quarter loss late Wednesday because the company struggles to maneuver forward with its troubled Greek assets. The Vancouver-based miner said its Q4 loss would be a whopping US$1.24 billion. That includes US$1.25 billion of writedowns, largely on its projects in Greece. In January, the company halted most of its ...

CALGARY C As the American home construction industry rebounds, one Calgary-based interior planning and manufacturing company is looking to break in. DIRTT Environmental Solutions, a business that uses proprietary software to streamline interior planning and work place projects, is targeting renewed development in the U.S. construction sector to go in the residential market. “We’re going head-on into the construction industry, ...

OTTAWA – By almost equal measure, Canada’s retail sector has been both good and not-so-good in recent months. Now, it seems shoppers are back inside a good mood. But for how long? Consumers rebooted their spending at the start of 2016, making up for the 2.1-per-cent loss in retail purchases in December with a matching rise in buying during January ...

Stuff the freezers with only McCain pizzas! Ketchup connoisseurs face a very different Canada today. There’s more danger that topping your fries having a splatter of Heinz could earn a dirty look from a fellow diner. Perhaps even a lecture from an Ontario busybody ready to tell you just how you’re insufficiently patriotic. After this week’s social networking hounding of ...

MONTREAL — SNC-Lavalin is eliminating 950 jobs all over the world, including 600 in Canada. The Montreal-based engineering and construction firm says all the employees affected happen to be notified, with most having already left. The company says the downsizing in Canada mainly involves employees in Ontario and Alberta, followed by Quebec, and follows the removal of 4,000 positions in ...