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News: Money

Estée Lauder sues founder of Toronto-based skin care company Deciem following his sudden closure of business

Friday  07:27,   12 october 2018
thestar

Estée Lauder, owner of 28 per cent of Toronto-based Deciem skin care firm, filed a lawsuit against its founder Brandon Truaxe in Toronto Thursday morning, applying to prevent him having further involvement with the company.In its court filings, the... >>>

Stronach lawsuit offers glimpse into Adena Farms, the Stronach Group’s humanely raised livestock venture

Friday  07:27,   12 october 2018
thestar

Since amassing a fortune in an auto parts empire started in a Toronto garage Frank Stronach has pursued a new dream — a grass-fed, open-pasture livestock business in Florida that aims to become a leader in the market for humanely raised cattle.... >>>

Canada moves to block foreign steel

Friday  02:51,   12 october 2018
msn

The Canadian government says it will impose a 25 per cent surtax on some foreign steel products in a bid to head off dumping. The Finance Department said "excessive imports" are harming the steel industry, prompting it to impose a surtax on seven... >>>

Stocks plunge again; Dow's two-day loss reaches 1,300 points

Friday  02:27,   12 october 2018
msn

Stocks plunge again; Dow's two-day loss reaches 1,300 pointsThe Dow Jones Industrial Average fell 545 points after dropping 831 points Wednesday. The two-day loss of 5.3 per cent is the biggest for Dow since February. The S&P 500 is also down... >>>

Jury clears J&J of liability in New Jersey talc cancer case

Friday  02:27,   12 october 2018
reuters

Jury clears J&J of liability in New Jersey talc cancer caseAfter less than a day of deliberations, the jury in New Brunswick, New Jersey rejected claims by Rosalind Henry and her husband, who had alleged that Henry's mesothelioma, a cancer... >>>

Toronto stock market opens lower, loonie down

Thursday  17:51,   11 october 2018
msn

Toronto stock market opens lower, loonie downThe S&P/TSX composite index was down 113.16 points at 15,404.24 after falling more than 300 points on... >>>

Futures fall as selloff sweeps global markets

Thursday  16:51,   11 october 2018
reuters

Futures for Canada's main stock index fell on Thursday following a rout in world markets, as jitters over rising U.S. Treasury yields and signs of slowing global growth sparked a broad selloff of risky assets. December futures on the S&P/TSX... >>>

China Swoops in on Canada Oil That's $50 Cheaper Than U.S. Crude

Thursday  12:30,   11 october 2018
msn

Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy and sludgy crude.... >>>

Marlboro maker eyes Canada pot grower: report

Thursday  11:51,   11 october 2018
cbsnews

Might the Marlboro man get into weed? U.S. tobacco giant Altria Group may be mulling a deal with a cannabis firmCanada's Globe and Mail cited multiple unidentified sources in reporting Altria, maker of Marlboro cigarettes, had expressed an interest... >>>

UBC issues urgent alert, braces for natural gas shortage after pipeline explosion

Thursday  07:25,   11 october 2018
cbc.ca

The University of British Columbia has issued an urgent emergency community alert for its Point Grey campus, warning that natural gas could be in short supply as early as Wednesday evening. The alert comes after a gas line explosion near Prince... >>>

Trump says the Federal Reserve has 'gone crazy' by continuing to raise interest rates

Thursday  02:51,   11 october 2018
cnbc

Trump says the Federal Reserve has 'gone crazy' by continuing to raise interest rates."I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy," the president said after walking off Air Force One in Erie,... >>>

TSX posts triple-digit decline, loonie lower

Wednesday  22:25,   10 october 2018
msn

TSX posts triple-digit decline, loonie lowerThe S&P/TSX composite index was down 253.04 points at... >>>

SNC-Lavalin: prosecutors won't negotiate deal

Wednesday  20:07,   10 october 2018
msn

SNC-Lavalin: prosecutors won't negotiate dealThe Montreal-based engineering and construction company's shares were down 14 per cent shortly before noon, trading at about $44.46 on the Toronto Stock Exchange. The stock hasn't closed below $45... >>>

'Buy local' dairy campaign sparked by trade deal that allows more U.S. milk into Canada

Wednesday  14:52,   10 october 2018
cbc.ca

The new trade deal allowing more U.S. milk to be sold in Canada has sparked a rallying cry to buy Canadian dairy. The message comes not only from dairy farmers but also from many Canadian consumers.The message comes not only from dairy farmers upset >>>

This is the big secret no one ever tells you about quitting your job

Wednesday  11:50,   10 october 2018
cnbc

Thinking about quitting your job but can't quite commit? This could help you decide today.Bestselling management author and CNBC contributor Suzy Welch says there's one secret about quitting that no one ever tells you, and if you've been... >>>