Top Stories
Analysis: Taxes will make obesity even costlier
Analysis: Taxes will make obesity even costlier

There are several chronic diseases, such as hypertension and Type 2 diabetes, which are consistently linked to obesity. And since more and more Canadians are becoming obese each year, this is costing us billions of additional dollars in health care.

U.S. authorities seize accounts of major Bitcoin operator
U.S. authorities seize accounts of major Bitcoin operator

U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox. The move may prevent the firm from facilitating the purchase and sale of Bitcoins in U.S. dollars at a time when use of the currency and its value has mushroomed.

April inflation well under forecast
April inflation well under forecast

Cheaper gasoline and cars helped Canada’s annual inflation rate fall dramatically in April to 0.4% from 1% in March, below expectations and well outside the Bank of Canada’s target range of 1-3%. It was the lowest since 0.1% in October 2009.

TSX ends higher; lifted by Telus, financials
TSX ends higher; lifted by Telus, financials

Canada’s main stock index advanced on Thursday, boosted by stronger financial stocks and a move by Telus Corp to acquire a smaller wireless carrier. The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed up 33.95 points, or 0.27%, at 12,507.60. Seven of the 10 main sectors on the index were higher.

Canadians feeling the pinch of 'food inflation': Poll
Canadians feeling the pinch of 'food inflation': Poll

Rising food prices are making Canadians cut back on other expenses and contributing to their generally negative outlook on the economy, a new RBC report has found.

Stock-market fluctuations a necessary risk
Stock-market fluctuations a necessary risk

If you are saving for retirement and find that you are glued to the radio or TV when the stock market is experiencing wild and volatile movements, you may find yourself asking "why am I taking a risk by investing and not just saving in a bank account or a GIC?"

Telus to buy Mobilicity for $380M
Telus to buy Mobilicity for $380M

Telus Corp, one of Canada’s biggest wireless telephone companies, said it will pay $380 million to acquire Mobilicity, a recent entrant to the industry which helped force prices down but failed to draw many customers.

Dow, S&P 500 set records again; investors confident
Dow, S&P 500 set records again; investors confident

U.S. stocks rose on Wednesday, with the Dow and S&P 500 hitting new all-time highs in a broad market rally as the recent upward momentum persisted.

U.S., Britain most desirable spots for foreign workers: Poll
U.S., Britain most desirable spots for foreign workers: Poll

Britain has leapfrogged Australia to become the world’s second most desirable location for professionals looking to live and work abroad, trailing only the United States, a survey found on Wednesday.

Loblaw to sign Bangladesh safety accord
Loblaw to sign Bangladesh safety accord

Loblaw Companies says it will commit to sign an accord on fire and building safety in Bangladesh.

Canadian house prices edge higher in April
Canadian house prices edge higher in April

Canadian home prices rose in April from March as three strong cities in Western Canada more than offset weak showings elsewhere, while the annual gain in prices slowed, the Teranet-National Bank Composite House Price Index showed on Tuesday.

Overdraft no different than any other debt
Overdraft no different than any other debt

I get letters every week from people seeking help to get out of debt. A lot of those people have overdraft protection and spend more time in overdraft than out. They see that overdraft as a barrier to getting started on a budget, typically saying something like: "How am I supposed to make a budget work when I'm already working with no money because

6 things you think add value to your home - but really don't
6 things you think add value to your home - but really don't

Every homeowner must pay for routine home maintenance, such as replacing worn-out plumbing components or staining the deck, but some choose to make improvements with the intention of increasing the home's value.

Amazon Coins roll out
Amazon Coins roll out

Online retail giant Amazon's virtual currency becomes legal tender for U.S. App Store customers and Kindle Fire owners.

Chrysler recalls 469,000 SUVs worldwide
Chrysler recalls 469,000 SUVs worldwide

Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles’ circuit boards were found to be transmitting signals that trigger inadvertent gear shifts to neutral, the No. 3 U.S. automaker said Saturday.

Future looks bright for online investing: BMO study
Future looks bright for online investing: BMO study

Canadians may soon add investing to their list of favourite online activities.

Canada recovers some jobs in April
Canada recovers some jobs in April

The Canadian economy in April recovered 12,500 of the 54,500 jobs estimated to have been lost in March, but the unemployment rate stayed at 7.2%, Statistics Canada reported on Friday.

The Internet needs freedom, not regulation
The Internet needs freedom, not regulation

We live in an amazing world. There's a good chance you're reading this column on a tablet while sipping coffee on a sofa. Or perhaps on your Android or Apple smartphone while riding the subway. If so, you can thank the hard work of Internet entrepreneurs.

Tim Hortons CEO cautious on higher debt, share buyback
Tim Hortons CEO cautious on higher debt, share buyback

Tim Hortons Inc is likely to raise its debt levels and buy back shares but not to the extent that an activist investor is pushing for, Paul House, chief executive of the Canadian coffee-and-doughnut chain, said on Thursday.

Telus profit steams ahead, BCE trails on flat revenue
Telus profit steams ahead, BCE trails on flat revenue

Canadian telecoms provider Telus Corp promised three more years of dividend growth on Thursday as it reported a 13% rise in quarterly profit, results that outshone cross-Canada rival BCE Inc.

Canadian Tire plans $3.5 billion REIT, shares soar
Canadian Tire plans $3.5 billion REIT, shares soar

Canadian Tire Corp, best-known for its namesake automotive and homeware stores, said it plans to create a $3.5 billion real estate investment trust through an initial public offering in the fall of 2013.

Fire hits Nissan parts warehouse in India
Fire hits Nissan parts warehouse in India

A warehouse supplying parts to Nissan Motor Co Ltd’s and Renault SA’s factory in India was almost destroyed by fire on Thursday, a Nissan spokeswoman said, possibly affecting production at the 400,000-car-per-year plant.

What did your mother tell you about money?
What did your mother tell you about money?

In honour of Mother's Day, I would like to share some sage financial advice from the mothers of some accomplished women around the world.

Einhorn's advice: Don't take my advice
Einhorn's advice: Don't take my advice

David Einhorn, one of the most closely followed managers in the $2 trillion hedge fund industry, had some blunt advice on Wednesday for his fellow investors: Do your own homework.

Depatie becomes new Quebecor president and CEO
Depatie becomes new Quebecor president and CEO

Robert Depatie officially became president and CEO of Quebecor Inc. at the company's annual meeting in Montreal on Wednesday.

Enron's Skilling reaches deal for shortened sentence
Enron's Skilling reaches deal for shortened sentence

Jeffrey Skilling could be freed from prison a decade earlier than originally expected over his role in bringing down the energy trader, in one of the biggest corporate frauds in U.S. history.

Mom-and-pop indicator implies headroom for stocks
Mom-and-pop indicator implies headroom for stocks

This is not your parents' bull market.

Oil production gushing in Alberta: Energy board
Should you write a book?
Should you write a book?

Wealth managers who think that writing a book will bring them influence and a flood of new clients may want to think again.

Quebecor profit halves as media revenue falls
Quebecor profit halves as media revenue falls

Canadian media and telecommunications conglomerate Quebecor Inc’s first-quarter profit halved due to higher costs, a sharp drop in media revenue and lower gains on financial instruments.

Tim Hortons names new CEO; profit falls
Tim Hortons names new CEO; profit falls

Tim Hortons Inc, under pressure from a U.S. hedge fund seeking better returns, named a new chief executive on Wednesday as it reported a 3%t fall in first-quarter profit.

Many mid-sized Canadian cities haven't recovered from recession: Report
Many mid-sized Canadian cities haven't recovered from recession: Report

Nearly half of Canada's mid-sized cities are still feeling the effects of 2008's global recession, a new report has found.

Don't get in a minimum-payment mess
Don't get in a minimum-payment mess

I work with a lot of people who have credit cards on which they are making only the minimum payment each month.

Harvard professor apologizes for remarks on economist Keynes
Harvard professor apologizes for remarks on economist Keynes

Harvard historian Niall Ferguson posted an “unqualified apology” on his personal blog on Saturday after saying that British economist John Maynard Keynes did not care about the future because he was gay and had no children.

Caterpillar to close Ont. plant, cut 330 jobs
Caterpillar to close Ont. plant, cut 330 jobs

About 330 people are expected to lose their jobs when, for the second time in 15 months, heavy equipment and mining giant Caterpillar Inc. will shut down an Ontario facility.

JPMorgan Chase shareholders urged to reject three directors
JPMorgan Chase shareholders urged to reject three directors

JPMorgan Chase & Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 billion US of losses on the so-called “London Whale“ trades, an influential proxy advisory firm said.

Stay focused on your investment plan
Stay focused on your investment plan

Investing can be extremely confusing. Investors are constantly exposed to a mass of conflicting information -- some of it may be important, but most seems like noise.

Lululemon sued over executive bonus changes on eve of recall
Lululemon sued over executive bonus changes on eve of recall

Lululemon Athletica Inc was sued by a pension fund shareholder on Friday that wants to know if the board of directors wasted corporate assets by increasing potential bonuses for executives on the eve of a recall of yogawear that could cost the company millions of dollars.

Stephen Poloz named as new as Bank of Canada governor
Stephen Poloz named as new as Bank of Canada governor

A former Bank of Canada employee returned to the fold Thursday as its new governor.

Warren Buffett joins Twitter
Warren Buffett joins Twitter

Warren Buffett accumulates Twitter followers even faster than he makes money.

Mattel Inc. buys Ontario-made board game
Mattel Inc. buys Ontario-made board game

The company that gave the world Barbie and Hot Wheels has snapped up a made-in-Canada board game in a jackpot sale that’s spawning a new generation of fun.

U.S. hedge fund faces uphill battle for change at Tim Hortons
U.S. hedge fund faces uphill battle for change at Tim Hortons

Highfields Capital, a U.S. hedge fund agitating for change at coffee shop chain Tim Hortons Inc, faces a difficult task in trying to persuade long-term institutional investors of the merits of its plan to shake up the Canadian company.

'Joe Fresh' maker to stay in Bangladesh, says Loblaw chief
'Joe Fresh' maker to stay in Bangladesh, says Loblaw chief

Loblaw Cos Ltd, Canada’s largest grocer and the company behind the discount clothing brand Joe Fresh, is committed to staying in Bangladesh, but will take steps to improve facilities, its top executive said on Thursday.

Mountain Dew online ad pulled after racial criticism
Mountain Dew online ad pulled after racial criticism

PepsiCo Inc pulled an online ad for Mountain Dew on Wednesday after criticism from bloggers that the spot embraced racial stereotypes and made light of violence toward women.

Tim Hortons investor agitates for buybacks, new strategy
Tim Hortons investor agitates for buybacks, new strategy

Canadian coffee-and-doughnut chain Tim Hortons Inc. is under pressure from one of its top investors to boost profitability through moves like buying back shares with borrowed money or paring back in the United States, according to documents seen by Reuters and two sources familiar with the matter on Tuesday.

Growth rebound heralds economic spring
Growth rebound heralds economic spring

The Canadian economy delivered a welcome surprise in February, growing faster than expected and prompting economists to upgrade their forecasts for the first quarter, although none expect the central bank to raise interest rates any time soon.

New $5, $10 bill showcase railway, Canadarm
New $5, $10 bill showcase railway, Canadarm

The Bank of Canada has unveiled new $5 and $10 bills that show off the country's railway and space program.

Money buys happiness: Study
Money buys happiness: Study

It turns out money can, in fact, buy happiness.

Spiralling into debt
Spiralling into debt

Debt starts simply enough. You're out for dinner, you put the meal on your credit card.

Nissan recalls over 123,000 Altimas in US
Nissan recalls over 123,000 Altimas in US

Nissan Motor Co Ltd is recalling more than 123,000 Altima sedans in the United States to adjust the inflation of the spare tires, which could be over- or under-inflated.

Close to 1,000 workers locked out at Ont. steel plant
Close to 1,000 workers locked out at Ont. steel plant

Nearly 1,000 steelworkers at the U.S. Steel Canada plant in Nanticoke, Ont., hit the picket line over the Sunday, locked out for the second time in three years and with no clear end in sight.

Bring back Chretien-era spending cuts: Fraser Institute
Bring back Chretien-era spending cuts: Fraser Institute

Taking a lesson from Canada's political past is a way for the country's various governments to lower the average family's total tax bill, an expense that has increased astronomically since this time 50 years ago, a report from a right-wing think-tank says.

Never too early to teach kids about money: BMO
Never too early to teach kids about money: BMO

If you give your kid a piggy bank and explain the importance of saving, you're on your way to raising a financially smart child.

Canadians lash out at Joe Fresh after clothing factory collapse
Canadians lash out at Joe Fresh after clothing factory collapse

Canadian clothing line Joe Fresh is under fire for producing cheap goods at a factory in Bangladesh that collapsed earlier this week, killing at least 300 people.

Make money with pot, not war
Make money with pot, not war

Are we about to see the end of the war on drugs?

Britain to honour Winston Churchill on new banknote
Britain to honour Winston Churchill on new banknote

Britain is set to honour its revered wartime leader Winston Churchill with a banknote featuring his portrait and famous declaration “I have nothing to offer but blood, toil, tears and sweat”.

TSX jumps most in 8 months as gold shares soar
TSX jumps most in 8 months as gold shares soar

Canada’s main stock index jumped more than 1% on Wednesday, making its sharpest one-day percentage gain in more than 8 months, as higher commodity prices fueled a rise in shares of gold and energy producers.

Canada Post's annual operating loss to hit $1B by 2020: Report
Canada Post's annual operating loss to hit $1B by 2020: Report

A new report suggests Canada Post's annual operating loss will reach $1 billion by 2020 if it doesn't get hip to the digital era, and the Crown corporation agrees.

Tax bill for average family up 1,787% since 1961: Report
Tax bill for average family up 1,787% since 1961: Report

Canadian families are spending more money on taxes than on food, clothing and shelter combined, a new Fraser Institute report says.

Canadian home buyers not into bidding wars: Survey
Canadian home buyers not into bidding wars: Survey

Most Canadian home buyers would rather walk away from their dream home than get sucked into a bidding war, according to a survey released Tuesday.

Endless excuses for debt
Endless excuses for debt

Every time I think I've heard it all, someone pops up with a new way to excuse the fact that they're up to their eyeballs in debt. Here are some excuses I've been given.

News Corp settles shareholder lawsuit
News Corp settles shareholder lawsuit

News Corp will receive $139 million US worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company’s phone hacking scandal.

Land of hydro also needs a lot of oil
Land of hydro also needs a lot of oil

According to a recent CIBC report, oil revenues in Canada will be $15 billion a year lower than they could be in coming years due to pipeline and production bottlenecks.

Play the market the way Tiger Woods plays golf
Play the market the way Tiger Woods plays golf

Very few people on this planet have earned the title of "greatest ever."

G20 gathers for debate on debt, monetary stimulus
G20 gathers for debate on debt, monetary stimulus

Finance leaders of the G20 economies said on Friday they agreed they did not need to set hard targets for reducing national debt levels, and said they would be watching for negative effects from massive monetary stimulus efforts, such as Japan.

Make the most of your summer vacation
Make the most of your summer vacation

When choosing a vacation destination, it would be nice to spin a globe and go wherever your finger lands, but that's hardly realistic.

LinkedIn to test smartphone ads in new apps
LinkedIn to test smartphone ads in new apps

LinkedIn Corp introduced revamped mobile apps on Wednesday that give greater prominence to the stream of information shared by members of the professional social network and will for the first time allow the company to show ads to smartphone users.

Unions threaten to pull billions out of RBC
Unions threaten to pull billions out of RBC

A meeting with Royal Bank CEO Gordon Nixon has B.C. labour groups confident an agreement can be reached to stop a number of unions from pulling out billions of dollars in pension money from the bank.

Canada Post posts profit but expects continued decline
Canada Post posts profit but expects continued decline

Canada Post is back in the black, but says that's only because of its new agreement with unionized workers, which lowers new employees' pay and stops posties from banking unused sick time.

Pierre Karl Peladeau joins Hydro-Quebec board
Pierre Karl Peladeau joins Hydro-Quebec board

Quebecor Inc. CEO Pierre Karl Peladeau has been appointed chairman of the board of Hydro-Quebec, Canada's largest power utility.

Astral paid $570Gs to schmooze politicians, inquiry hears
Astral paid $570Gs to schmooze politicians, inquiry hears

Financier Bernard Trepanier pocketed nearly $570,000 to "open doors" for media giant Astral, he told a public inquiry Tuesday.

J.C. Penney borrows $850M US  to boost inventory
J.C. Penney borrows $850M US to boost inventory

J.C. Penney Co Inc has borrowed $850 million US from its $1.85 billion revolving credit facility to help buy inventory as the department store operator revamps its business strategy after a failed turnaround.

TSX gets bounce from banks, energy after U.S. data
TSX gets bounce from banks, energy after U.S. data

Canada’s main stock index rose almost 1% on Tuesday, recovering some of the losses seen in Monday’s dramatic selloff, as U.S. economic data helped spur a rally in financial and energy shares.

BlackBerry returns not abnormally high: Jefferies
BlackBerry returns not abnormally high: Jefferies

No abnormally high return rates have been seen for the new Z10 touchscreen device that underpins BlackBerry's attempt to reinvent itself, and demand appears to be positive in Asia, Jefferies & Co analyst Peter Misek said in a report on Tuesday.

Five good reasons to study finance
Five good reasons to study finance

Like many teenagers, I had no idea what I should study in university. I remember asking my dad and he recommended studying finance "because you'll get a job."

Icahn agrees to limit Dell stake, can team up on bid
Icahn agrees to limit Dell stake, can team up on bid

Carl Icahn has agreed to limit his investment in Dell Inc and in return can team up with other shareholders on a potential bid for the personal computer maker, Dell said on Tuesday.

Eastman Kodak to sell document imaging business assets
Eastman Kodak to sell document imaging business assets

Eastman Kodak Co said it has agreed to sell some of its document imaging business' assets for $210 million in cash under a stalking horse bid by Brother Industries Ltd.

The bubble bursts on Bitcoin
The bubble bursts on Bitcoin

Many saw it coming, but that didn't stop the Bitcoin bubble from bursting: after rising to dizzying heights, the digital currency suffered its first true crash this week.

Canada could use a Margaret Thatcher
Canada could use a Margaret Thatcher

I was quite sad when I read the news that Margaret Thatcher passed away on Monday. I met her in London on two separate occasions, and had a chance to talk with her for a good little while on one of those occasions. She was obviously highly intelligent, and also charming and witty.

William Koch awarded $320Gs in wine fraud
William Koch awarded $320Gs in wine fraud

A federal jury in New York has handed a legal victory to U.S. billionaire William Koch and awarded him damages in his dispute over the alleged misrepresentation of 24 bottles of wine he bought at auction, one of the attorneys said.

Foursquare resorts to debt financing
Foursquare resorts to debt financing

Foursquare said on Thursday it raised $41 million in a new financing round that relied on debt, rather than equity, to give the location-based start-up the money it needs to keep expanding.

RBC apologizes for outsourcing
RBC apologizes for outsourcing

Days after reports surfaced that RBC outsourced Canadian jobs to foreign workers, the bank issued an apology to all Canadians and pledged to re-hire the 45 employees it sacked.

3.4 million vehicles recalled over Takata airbag flaw
3.4 million vehicles recalled over Takata airbag flaw

Four Japanese automakers, including Toyota Motor Corp and Nissan Motor Co, are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers.

Pile up your money
Pile up your money

I've always thought of my money as being in one of four piles, separate and distinct, each with a purpose or a place. I call these piles cash flow, emergency, planned spending and long-term saving.

Wind, Public Mobile, Mobilicity leaving industry group
Wind, Public Mobile, Mobilicity leaving industry group

Three of Canada's smaller mobile phone companies are withdrawing from the industry association, because of what they consider "consistent bias" in favour of their competitors — the big three carriers.

Porter hopes expansion plans take off
Porter hopes expansion plans take off

Porter Airlines announced a controversial multibillion-dollar expansion plan Wednesday which would add 30 jets to its fleet, a slew of new destinations to its route roster and a major runway upgrade at Billy Bishop airport.

J.C. Penney CEO out; shares rally temporarily
J.C. Penney CEO out; shares rally temporarily

Depending on one’s timing, Monday’s after-hours trading in J.C. Penney Co could have generated a windfall, or served as a costly lesson in troubled stocks.

Cash for owners of foreclosed homes
Cash for owners of foreclosed homes

Borrowers whose homes were in foreclosure in 2009 or 2010 can expect to receive between $300 and $125,000 under settlements reached between top banks and U.S. regulators earlier this year.

First-time homebuyers expect to spend about $300Gs
First-time homebuyers expect to spend about $300Gs

The average first-time homebuyer in Canada expects to spend around $300,000 and be mortgage-free within 20 years, a survey by Bank of Montreal has found.

Avon plans to cut over 400 jobs, exit Ireland
Avon plans to cut over 400 jobs, exit Ireland

Avon Products Inc said on Monday it will slash more than 400 jobs and exit the Irish market, the latest moves in the new chief executive’s plan to return the beauty products company to profitability in the next two years.

Macy's, J.C. Penney resume Martha Stewart courtroom tussle
Macy's, J.C. Penney resume Martha Stewart courtroom tussle

Macy’s Inc and J.C. Penney Co Inc were back in court on Monday in their fight over Martha Stewart, with Macy’s claiming that some of the items Penney has begun selling on its website infringe on its exclusive deal with the home goods guru.

Get a lot from charitable giving
Get a lot from charitable giving

So you meant to give in order to receive but, good intentions aside, you failed to meet the deadline for the charitable giving credit for the 2012 tax year.

McDonald's to fill 6,000 jobs in hiring blitz
McDonald's to fill 6,000 jobs in hiring blitz

McDonald's Canada says it will hire more than 6,000 people Thursday on its "National Hiring Day."

Union criticizes RBC for replacing Canadian staff with foreign workers
Union criticizes RBC for replacing Canadian staff with foreign workers

One of Canada's largest unions slammed the government's Temporary Foreign Worker Program after reports claimed that dozens of employees at the Royal Bank of Canada are losing their jobs to temporary foreign workers who are taking over the work of their department.

As Bitcoin virtual currency soars, bubble fears do too
As Bitcoin virtual currency soars, bubble fears do too

Some call it the most famous pizza purchase in history: In May 2010, a programmer called Laszlo asked an online forum if anyone would buy him a couple of pies in exchange for 10,000 Bitcoins, an experimental online currency launched in 2009.

On spending, sometimes the left gets it right
On spending, sometimes the left gets it right

Everybody knows that governments of the left spend more than governments of the right, right? Well, like so many things everybody knows, this assumption turns out to be mistaken.

TSX in 5-day losing streak on soft jobs data
TSX in 5-day losing streak on soft jobs data

Canada’s main stock index slumped to its lowest in more than 3-1/2 months on Friday, led by the financial and energy sectors, as weak Canadian and U.S. jobs data suggested the North American economy could be losing steam.

Unemployment rises to 7.2% in March
Unemployment rises to 7.2% in March

Canada posted its worst monthly jobs loss in more than four years in March, another sign the economy is struggling to cope with weak foreign markets and a strong Canadian dollar.

250,000 Canadians ditched cable in 2012
250,000 Canadians ditched cable in 2012

Some 250,000 Canadians ditched their cable or satellite services to stream TV online last year, and that number is on the rise.

Ex-Goldman trader Taylor pleads guilty to wire fraud
Ex-Goldman trader Taylor pleads guilty to wire fraud

Ex-Goldman Sachs Group Inc trader Matthew M. Taylor pleaded guilty on Wednesday to defrauding the Wall Street bank with an unauthorized $8.3 billion US futures trade in 2007, saying he exceeded internal risk limits and lied to supervisors to cover up his activities.

PayPal tests financing for online sellers
PayPal tests financing for online sellers

EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces.

TD CEO Ed Clark to retire in 2014
TD CEO Ed Clark to retire in 2014

Toronto-Dominion Bank Chief Executive Officer Ed Clark plans to retire in late 2014, and Bharat Masrani, group head of U.S. personal and commercial banking, will succeed him, the bank said on Wednesday.

Got a tax refund? Invest it in yourself
Got a tax refund? Invest it in yourself

You're doing the happy dance because you're getting a tax refund. Well, dance some more because motivational speaker Steve Siebold says you should spend it, not save it.

Loonie weakens ahead of jobs data
Loonie weakens ahead of jobs data

The Canadian dollar ended marginally weaker against the U.S. currency on Monday with volumes stunted by the Easter holidays and by trepidation ahead of several central bank policy decisions due later in the week.

April Fool becomes yet another marketing gimmick
April Fool becomes yet another marketing gimmick

The April Fool is dead. Or at least the gentle jester of the common folk has been converted into a corporate colossus controlled by global marketing executives.

The lost art of saving money
New donor credit inspiring Canadians to be more charitable: Study
New donor credit inspiring Canadians to be more charitable: Study

We're a charitable lot, us Canadians. And a new tax credit introduced in the federal budget last week just might make us even more generous.

Walmart may get customers to deliver packages to online buyers
Walmart may get customers to deliver packages to online buyers

Walmart Stores Inc is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with Amazon.com Inc.

Canada's top six banks to get capital surcharge as of 2016
Canada's top six banks to get capital surcharge as of 2016

Canada’s banking watchdog said on Tuesday it sees the country’s six largest banks as being of systemic importance to the domestic economy and that it will make them keep 1% more capital on hand starting January 2016 to protect them from financial disruption.

Ontario's wine industry worth $7B: Study
Ontario's wine industry worth $7B: Study

Every bottle of wine produced in Ontario creates spinoff benefits worth $40, an economic impact study found, adding up to a national economic impact of almost $7 billion and more than 31,000 jobs.

Cyprus eyes bailout deal
Cyprus eyes bailout deal

Cyprus was poised for a dramatic U-turn on taxing big savers in its stricken banks on Friday as it raced to clinch a bailout from the European Union to avert financial meltdown.

Budget gets thumbs up from business groups
Budget gets thumbs up from business groups

The guy with the biggest smile on his face after reading the 2013 budget is an economist named Jay Myers, the CEO of the Canadian Manufacturers and Exporters (CME), one of the country's biggest and most influential business lobby groups.

Shopping leads to more shopping
Shopping leads to more shopping

Ever notice how sometimes when you go shopping for one thing, you end up bringing home four or five other things? How many times have you heard, "I only came in for..." at the check-out?

Job creation surest path to deficit reduction
Job creation surest path to deficit reduction

When Finance Minister Jim Flaherty rises in the House of Commons Thursday at 4 p.m. to present his government's 2013-2014 budget, there will be 1.3 million Canadians who are likely to pay particular attention to the measures he will announce.

Sale of Hostess's Twinkies, Ding Dongs, Wonder brands approved
Sale of Hostess's Twinkies, Ding Dongs, Wonder brands approved

Twinkies, Ding Dongs and Wonder Bread may soon be back in stores after a bankruptcy court judge on Tuesday approved sales of several iconic brands that had been owned by the failed Hostess Brands Inc.

Lululemon supplier: Recalled yoga pants made to specs
Lululemon supplier: Recalled yoga pants made to specs

The Taiwanese supplier behind the see-through yoga pants recalled by Lululemon Athletica Inc said on Tuesday it followed design specifications and the Canadian retailer had merely misjudged customer tastes.

Cyprus aims to let small savers off bank tax
Cyprus aims to let small savers off bank tax

Cyprus’s government proposed to spare small savers from a divisive levy on bank deposits but said it expected parliament to reject the measure, needed to secure an international rescue and avoid a default that would shake the euro zone.

Canada cautious on foreign investment changes: Minister
Canada cautious on foreign investment changes: Minister

Canada remains open to foreign investment but will be cautious about liberalizing rules for sensitive sectors since such decisions tend to be irreversible, Industry Minister Christian Paradis said on Monday.

Glimmers of hope for troubled newspapers?
Glimmers of hope for troubled newspapers?

The U.S. newspaper industry is seeing some glimmers of hope after being battered for years, a prominent study concluded Monday.

Canada's economic ranking improves because others have declined
Canada's economic ranking improves because others have declined

Canada's economic ranking has improved but mostly because other countries have declined, according to the latest report card from the Conference Board of Canada.

Quebecor Media chairman to retire, Pierre Karl Peladeau to step in to replace him
Quebecor Media chairman to retire, Pierre Karl Peladeau to step in to replace him

Current chairman of the Quebecor Media Inc. (QMI) and TVA Group board Serge Gouin has announced he will retire, to be replaced by Pierre Karl Peladeau.

Who's pulling your strings?
Who's pulling your strings?

Sometimes the key to not spending money is understanding just how much you’re being manipulated into doing so — at least then you have a fighting chance.

New owners hope to have Twinkies on U.S. store shelves by summer
New owners hope to have Twinkies on U.S. store shelves by summer

The new owner of Hostess Brands Inc’s snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.

BlackBerry India head Sunil Dutt quits
BlackBerry India head Sunil Dutt quits

The managing director of BlackBerry's Indian operations quit Saturday, the Canadian smartphone maker said.

Job security for 3,000 GM workers in Ingersoll, Ont.
Job security for 3,000 GM workers in Ingersoll, Ont.

General Motors said it will make $250 million in upgrades to its Cami factory in Ingersoll, Ont., which guarantees the plant a new generation of vehicles and safeguards 3,000 jobs.

Failure to file taxes 'could bankrupt you'
Failure to file taxes 'could bankrupt you'

It's better late than never when it comes to your taxes.

Macy's grills Martha Stewart over J.C. Penney deal
Macy's grills Martha Stewart over J.C. Penney deal

Martha Stewart said on Tuesday she was shocked that Macy’s Inc had objected so strongly when she signed a deal with rival retailer J.C. Penney Co Inc.

Scotiabank profit jumps
Scotiabank profit jumps

Bank of Nova Scotia capped the Canadian bank earnings season with a better-than-expected 13% profit gain and a dividend hike, helped by higher markets-related income and the acquisition of Canadian online lender ING Direct.

Forbes releases 2013 rich list
Forbes releases 2013 rich list

Spain’s Amancio Ortega, elevated by Forbes to become the third richest person in the world, may have discovered fashion’s secret of eternal youth.

Competition Bureau OKs Bell's Astral takeover
Competition Bureau OKs Bell's Astral takeover

The Competition Bureau has approved Bell Media's takeover of competitor Astral Media, but with several caveats.

Toronto Star hit with layoffs: Reports
Toronto Star hit with layoffs: Reports

The Toronto Star has been hit with layoffs and voluntary buyouts, according to multiple reports.

Saskatchewan remains best in class
Saskatchewan remains best in class

I was recently discussing the economic situation in Quebec with a business acquaintance from outside the province. She asked what the new Pauline Marois government was planning to do to get rid of our "huge deficit."

Canada chalks up another quarter of weak growth
Canada chalks up another quarter of weak growth

The Canadian economy grew at a sluggish pace in the final quarter of 2012 after a similarly disappointing third quarter, resulting in the weakest six months since the 2008-09 recession, Statistics Canada data indicated on Friday.

J.C. Penney shares fall after sales plunge
J.C. Penney shares fall after sales plunge

Shares of department store chain J.C. Penney Co Inc fell as much as 22% on Thursday, after it reported its sharpest drop in quarterly sales since unveiling a transformation plan that has failed to impress customers.

Why most budgets don't work
Why most budgets don't work

People are always willing to volunteer their wisdom about budgets to me. I'm a budget-discussion magnet and, nine times out of 10, people want to tell me why budgets don't work. I agree. Most people's budgets don't work for a few basic reasons.

Budweiser watered down?
Budweiser watered down?

Beer consumers have filed a proposed class-action lawsuit accusing Anheuser-Busch InBev of watering down so-called “King of Beers” Budweiser and other alcoholic beverages to boost profits, attorneys for the plaintiffs said on Tuesday.

Battle commences for 'mobile money'
Battle commences for 'mobile money'

Global financial groups battled Monday to control the lucrative future of "mobile money", which will enable people to use a smartphone to go shopping instead of cash and credit cards.

Barnes & Noble buyout: Chairman wants to take back superstores he founded
Barnes & Noble buyout: Chairman wants to take back superstores he founded

Barnes & Noble Inc Chairman Leonard Riggio, joining a growing list of executives lining up to buy the fading companies they founded, offered to buy the bookseller's declining retail business, leaving it to focus on its more promising Nook e-reader and college bookstores.

E-commerce spending up: Study
E-commerce spending up: Study

According to a February report from eMarketer, e-commerce sales were worth over one trillion US dollars in 2012 and are expected to continue growing throughout 2013; however despite this booming market, a new study shows many people still crave a human touch when shopping online. 

BP, contractors start trial for worst U.S. offshore oil spill
BP, contractors start trial for worst U.S. offshore oil spill

The long-awaited trial of BP for the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming the company for the 2010 disaster that killed 11 rig workers and spilled 4 million barrels of oil into the Gulf of Mexico.

Canada gets double blow on inflation, retail trade
Canada gets double blow on inflation, retail trade

The economy registered its lowest inflation in more than three years in January and its largest decline in retail sales in almost three years in December, a double whammy of data that depressed the Canadian dollar and bond yields.

Rona cutting 200 jobs, reports loss
Rona cutting 200 jobs, reports loss

Home-improvement retailer and distributor Rona Inc outlined plans to cut about 200 full-time positions at administrative offices as it reported a quarterly loss on Thursday, due to charges related to restructuring, asset impairments and other one-time items.

BMW recalls 750,000 cars
BMW recalls 750,000 cars

German luxury car maker BMW is recalling about 750,000 cars worldwide over potential electrical problems, a spokesman said on Tuesday.

Budgets can tell you the truth about your money
Budgets can tell you the truth about your money

A budget is your plan for how you intend to spend the money that you bust your butt to earn. No plan means you're flying by the seat of your pants.

Great-West Lifeco to buy Irish insurance company for $1.75B

Great West Lifeco has made a $1.75-billion acquisition of Ireland's state-owned life insurance company.

Tiffany sues Costco over sales of engagement rings
Tiffany sues Costco over sales of engagement rings

Tiffany & Co sued Costco Wholesale Corp on Thursday to stop the largest U.S. warehouse club chain from selling what it called counterfeit diamond engagement rings bearing the luxury retailer's name.

American Airlines merges with US Airways
American Airlines merges with US Airways

AMR Corp and US Airways Group on Thursday unveiled an $11 billion US merger deal after months of negotiations, creating the world’s biggest airline with 6,700 flights a day.

The economic value of job security
The economic value of job security

What is job security worth? What is the dollar value of the guaranteed lifetime employment enjoyed by some public sector employees?

Carney caught in political tug-of-war
Carney caught in political tug-of-war

Politicians of all stripes turned to Bank of Canada governor Mark Carney Tuesday to boost their own arguments about the strength or weakness of the Canadian economy.

Canadians say they'll contribute to RRSP, but many won't: CIBC
Canadians say they'll contribute to RRSP, but many won't: CIBC

Sixty-per-cent of Canadians plan to put cash in their RRSP or TFSA this year, but judging from past years many likely won't, CIBC says.y.

Less than a third of couples discuss retirement plans before saying 'I do'
Less than a third of couples discuss retirement plans before saying 'I do'

Most Canadian couples do not discuss their views on retirement with each other before saying “I do," a study released Saturday said. According to BMO Financial Group's third annual Valentine’s Day RRSP Study, less than a third of Canadians say they had a detailed conversation with their partner about how they envision their retirement before gettin

Cdns no better than gov't at spending
Cdns no better than gov't at spending

Canadians love to complain about government debt. Unfortunately a general attitude of instant gratification governs our personal as well as public finances.

Ontario job losses highest in country
Ontario job losses highest in country

Ontario lost more jobs last month than any other province in the country.

Canada hit with surprise jobs loss, weak housing starts
Canada hit with surprise jobs loss, weak housing starts

The Canadian economy unexpectedly shed jobs in January, while housing starts plunged, suggesting global uncertainty, weak prices for Canadian oil, and a government clampdown on the property market will drag on growth in early 2013.

Union membership decreases when workers have a choice

When workers are free to choose, union rates decline.

Are you a hedonist with your money?

In the course of my research — the findings from which I will release next month — I have learned a lot about how women are investing their 'wealth'.

Molson Canadian ad goes viral
Molson Canadian ad goes viral

The latest Molson ad presents Canadians as the life of party.

Reader's Digest Canada delivers serious blow to workforce
Reader's Digest Canada delivers serious blow to workforce

Reader's Digest, a mainstay in living rooms and waiting rooms for generations, has slashed its Canadian workforce by about 30% at its Montreal head office.

Canadian consumer debt hits new high
Canadian consumer debt hits new high

Consumer debt in Canada has hit an all-time high, according to a new report from credit-monitoring firm TransUnion.

Buying what you need comes before buying what you want
Buying what you need comes before buying what you want

I meet people all the time who can't tell the difference between what they need and what they want. In our consumption-crazed world, virtually everything has become a need and, with the ease of a credit card swipe, we can turn every need into a purchase.

More government money won't break cycle of poverty
More government money won't break cycle of poverty

Three years ago, MP Maxime Bernier said the past five decades of nationalist demands by successive Quebec governments had not brought any concrete results.

The underground Internet economy of cybercrime
The underground Internet economy of cybercrime

Cybercrime represents an underground economy of $114 billion. It's organized, employs expert hackers and operates like any legitimate economy

5 most publicized ethics violations by CEOs
5 most publicized ethics violations by CEOs

High-profile downfalls of corporate CEOs are not a new phenomenon.

Sears Canada to lay off 700 workers
Sears Canada to lay off 700 workers

Sears Canada announced it's laying off 700 employees nationwide.

Best Buy to close 15 stores across Canada
Best Buy to close 15 stores across Canada

Electronics giant Best Buy is closing 15 stores across Canada, including four in Quebec.

Canada's GDP up 0.3% in November
Canada's GDP up 0.3% in November

The economy grew faster than expected in November, rising 0.3% after a tepid 0.1% rise in October and no gain in September, Statistics Canada said on Thursday.

Alain Bouchard named CEO of the year
Alain Bouchard named CEO of the year

Alain Bouchard, whose Alimentation Couche-Tard company is Canada's largest convenience-store chain, was awarded Canada's Outstanding CEO of 2012 on Tuesday.

Setting goals is key to good money management
Setting goals is key to good money management

If you want the changes you're making to how you deal with your money to stick, you must be able to identify at least one benefit you'll gain by making those changes.

Is Apple finally going to announce the Apple TV in 2013?
Is Apple finally going to announce the Apple TV in 2013?

Maybe, maybe not. That seems to be how Apple operates, although some of that is changing. Apple is finding it increasingly difficult to keep a secret these days. With everybody from the smallest tech blogger to the largest media outlets fighting to get the first glimpse of a new Apple product, "anonymous" overseas informants in Apple's supply chain have leaked everything from pictures of pieces and parts of Apple products to the newest patents filed by Apple.

Canadawide Visa card crash over
Canadawide Visa card crash over

Visa card users needed cash handy Monday after a network outage prevented them from using their cards.

Top 1% account for less of the country's total income: StatsCan
Top 1% account for less of the country's total income: StatsCan

The gap appears to be closing between the top 1% richest in the country and the rest of us, according to Statistics Canada.

SNC-Lavalin forked over $160M to Gadhafi regime: Reports
SNC-Lavalin forked over $160M to Gadhafi regime: Reports

Montreal-based engineering giant SNC-Lavalin paid $160 million worth of kickbacks to the former Gadhafi regime in Libya, according to court documents obtained by Canadian media.

Thomson family sells land where Globe and Mail was considering to call home
Thomson family sells land where Globe and Mail was considering to call home

The Thomson family's holding company has reportedly inked a deal to sell a high-profile parcel of land in downtown Toronto, on which the Globe and Mail was considering moving its headquarters.

Nortel talks on dividing cash from sales end
Nortel talks on dividing cash from sales end

Talks to divide $9 billion US raised from the sale of businesses of Nortel Networks, the telecoms equipment maker that went bankrupt in 2009, ended without agreement, and the mediator said on Thursday further discussions were no longer worthwhile.

Dollar slides to 10-week low as rate hike pushed back
Dollar slides to 10-week low as rate hike pushed back

The Canadian dollar softened to its weakest level in 10 weeks against the U.S. dollar on Thursday, a day after the Bank of Canada said an interest rate hike was less imminent.

Apple iWatch: Is it about time?
Apple iWatch: Is it about time?

Let's be honest. Rumors about new or upcoming Apple products would be overpriced at a dime a dozen. Yet speculation grows about an Apple iWatch. If you think that this is one of those little rumors that somebody dreamed up to make for interesting reading, think again. Some of the more notable Apple rumor mills are reporting its possible existence, and many reputable publishers such as AppleInsider and the New York Times have published iWatch stories.

Bank of Canada delays rate hike
Bank of Canada delays rate hike

The Bank of Canada held its overnight interest rate at 1% on Wednesday but dramatically revised its projections to say any hike would be further away than previously thought, because of excess capacity, soft inflation and stabilizing household debt.

Walmart plans $450M Canada expansion
Walmart plans $450M Canada expansion

Wal-Mart Stores Inc's Canadian unit will expand its distribution network and open a handful of new stores in the coming fiscal year, as rival discounter Target Corp prepares to open its first stores in the country this spring.

TSX hits near-11 month high
TSX hits near-11 month high

Canada's main stock index hit a near 11-month high on Monday, led by a jump in Research In Motion Ltd shares following a report that it could license its software.

Where does your money go?
Where does your money go?

If you’ve been keeping track of where your money goes, you may be surprised at how often you buy coffee, gum or a mid-afternoon snack.

Most affordable cups of coffee in the world
Most affordable cups of coffee in the world

A cup of coffee during the day has become a necessity for many. Currently, there are approximately 2.25 billion cups of coffee consumed worldwide each day.

Wind Mobile CEO  to step down
Wind Mobile CEO to step down

Anthony Lacavera, founder of Canada’s upstart Wind Mobile, plans to step down as chief executive as part of a deal that will give Egypt’s Orascom Telecom control of the carrier, a newcomer to a market long dominated by three companies.

Are the feds fiscally conservative?
Are the feds fiscally conservative?

Does the Stephen Harper government have good economic policies, from a free-market or small 'c' conservative perspective? This is a completely unscientific way to grade it, but I found five key policy decisions from 2012 and gave a pass or fail mark.

Execs should watch their waistline: Study
Execs should watch their waistline: Study

New research shows a person's weight can impact how they are perceived at work, especially for executives.

Nortel pensioners squeaking by
Nortel pensioners squeaking by

When telecommunications company Nortel crashed, Victor King nearly lost everything.

Amazon fights IRS over $234M tax bill
Amazon fights IRS over $234M tax bill

Online retailer Amazon Inc is fighting the U.S. Internal Revenue Service over a $234 million international tax bill, a dispute similar to others in which the agency has struggled to collect corporate taxes.

In-store shoppers likely to head online next time they buy: Study
In-store shoppers likely to head online next time they buy: Study

The overwhelming majority of shoppers made their last purchase in a store and not online, but far fewer are committed to do so the next time they buy something, according to a study released on Tuesday.

Wal-Mart plans $50 billion 'buy American' push
Wal-Mart plans $50 billion 'buy American' push

Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made goods over the next decade in areas like sporting goods and high-end appliances in what the world’s largest retailer called a bid to help boost the U.S. economy.

Fitch warns on U.S. rating as debt ceiling fight looms
Fitch warns on U.S. rating as debt ceiling fight looms

The United States faces a “material risk” of losing its AAA status if there is a repeat of the wrangling seen in 2011 over raising the country’s self-imposed debt ceiling, credit ratings firm Fitch said on Tuesday.

HMV's future seen as handful of stores and website
HMV's future seen as handful of stores and website

HMV, the 92-year-old British music retailer seeking protection from creditors, is unlikely to have much of a future beyond a rump of stores and the internet, if other recent retail failures are any guide.

Can games make you a better investor?

Games don't always get their due. Psychologists and neuroscientists have long known that games, far from being trivial wastes of time, can actively reshape the human brain and improve a variety of cognitive and emotional functions. As investing is a great example of an activity that draws on a wide range of mental and emotional skills, it is worth exploring how to improve this skill set.

Former Nortel execs found not guilty
Former Nortel execs found not guilty

Fraud charges against three former Nortel senior executives have been dismissed after a year-long trial.

RRSP deadline causing Canadians stress: Study
RRSP deadline causing Canadians stress: Study

As the March 1 deadline for contributing to a Registered Retirement Savings Plan (RRSP) approaches, a BMO study reveals that the deadline causes many Canadians stress as they scramble to find the money to make a contribution.

Nortel's legal mess pits bondholders against retirees
Nortel's legal mess pits bondholders against retirees

Nortel Networks was once the largest telecommunication equipment company in North America, but since it filed for bankruptcy in 2009 it has earned a new label: one of the world’s most complicated legal proceedings.

Feds invest in student summer jobs
Feds invest in student summer jobs

The federal government is pumping $107.5 million into creating student summer jobs this year to help reduce high youth unemployment.

Hackers demand money from Drake International
Hackers demand money from Drake International

A Canadian job placement company hit by hackers says it won't negotiate to get its data back.

Fraud whistleblower admits to his own financial scam

The ex-securities auditor who blew the whistle on one of Canada's biggest financial scandals admitted Thursday to running a fraud scam of his own.

Ways to destroy your net worth

Net worth is no trivial matter, as it is ultimately the only meaningful measure of personal wealth.

LinkedIn tops 200 million members
LinkedIn tops 200 million members

LinkedIn on Wednesday announced that more than 200 million people have joined the career-focused online social network since its launch nearly a decade ago.

Fiscal crisis seen hurting tech earnings
Fiscal crisis seen hurting tech earnings

Warning to investors: major U.S. technology companies could miss estimates for fourth-quarter earnings as "fiscal cliff" worries likely led some corporate clients to tighten their belts last month and refrain from spending all of their 2012 IT budgets.

Bullet- and stab-resistant clothing for sale in Canada
Bullet- and stab-resistant clothing for sale in Canada

"Unquestionable demand" for bullet- and stab-resistant clothing has prompted a British body armour company to open a branch in Canada.

Why Americans think Bush is to blame for the economy
Why Americans think Bush is to blame for the economy

Obama's first term as president has been marked by rising gas prices, high unemployment and little economic growth.

A good New Year's resolution: Give!
A good New Year's resolution: Give!

If you haven't settled on a New Year's resolution for this year, allow me to suggest one: charitable giving.

Feds to invest $250 million in auto industry
Feds to invest $250 million in auto industry

The feds are pumping another $250 million into the automotive sector to help manufacturers develop stronger, safer and more fuel-efficient vehicles.

GM recalls over 69,000 vehicles that could roll away
GM recalls over 69,000 vehicles that could roll away

General Motors Co is recalling more than 69,000 full-size trucks and vans globally that could roll away after being parked due to a potential steering column defect, the automaker said on Friday.

Al Gore's Current TV bought by Al Jazeera
Al Gore's Current TV bought by Al Jazeera

Al Jazeera said on Wednesday it will buy Current TV, the struggling cable channel founded by Al Gore and partners, in a move that will boost the Qatar-based broadcaster’s footprint in the United States.

More jobs added in December
More jobs added in December

The Canadian economy created far more jobs than expected in December, defying economic growth that remained sluggish and bolstering the likelihood of a central bank interest rate hike later this year.

5 lessons Monopoly teaches us about finance and investing
5 lessons Monopoly teaches us about finance and investing

If you've played Monopoly long enough, you quickly realize that the game offers a lot of financial wisdom and lessons that can be applied to the real world of finance and investing.

Spam-maker Hormel buys Skippy peanut butter
Spam-maker Hormel buys Skippy peanut butter

Hormel Foods Corp agreed to buy Skippy, the iconic U.S. peanut butter brand, from Unilever Plc for $700 million, adding the well-known kids lunch staple to a portfolio that includes Spam canned meat.