has been since September, 2010. This was not a surprise at all but there were some different
messages contained in Governor Mark Carney’s commentary and in the Bank’s Monetary Policy
Report published the same day as the rate announcement was made.
results of the combination of survey data from both consumer and industry participants are
interesting, provocative and, in some areas, a little sobering.
In construction, weekly earnings increased 5.3% to $1,133.09, and growth was widespread across all industries in this sector.
mortgages, some expected and some not, rocked the Canadian mortgage world last week.
SAN FRANCISCO - Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
The deal announced Monday represents Mayer's boldest move yet since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since the Sunnyvale, Calif., company bought online search engine Overture a decade ago for $1.3 billion in cash and stock.
TIMIKA, Indonesia - Rescuers have recovered three more bodies from a collapsed underground room at a giant U.S.-owned gold and copper mine in Indonesia, bringing the confirmed death toll to 17. Mine officials say 11 others are believed buried under the rubble.
The Big Gossan underground training facility at the PT Freeport Indonesia mine collapsed last week when 38 workers were undergoing safety training. Ten injured miners were rescued.
NEW DELHI - The leaders of India and China played down their recent border dispute and other tensions Monday, pledging to work together for regional stability and the economic growth of the world's two most populous nations.
Friction has been building between the Asian giants in recent years as they vie for regional influence and access to fuel needed to feed their growing economies. Li Keqiang's trip to India, his first visit abroad since becoming Chinese premier, seems intended to minimize those tensions.
NEW YORK, N.Y. - Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S.
The announcement on Monday comes after the two companies said earlier this month that they were in talks about a possible combination. It also follows reports that Parsippany, N.J.-based Actavis rebuffed takeover bids from companies including Mylan Inc. and Canadian drugmaker Valeant Pharmaceuticals International Inc. and that Swiss drugmaker Novartis AG was considering a bid.
OKLAHOMA CITY - Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.
The appointment of the 46-year-old Lawler comes after a tough year for Chesapeake. Its former CEO Aubrey McClendon was ousted last year amid a scandal over his personal investments in the company's oil and gas wells.
JAKARTA, Indonesia - Indonesia named investment board head Chatib Basri as the country's new finance minister.
Basri will contend with slowing economic growth and an unpopular plan to reduce fuel subsidies.
WELLINGTON, New Zealand - Hundreds of tons of frozen mutton, lamb and beef from New Zealand have been stranded on Chinese docks after China halted their import due to a certification dispute.
China is New Zealand's largest export market and its largest consumer of sheep meat.
BEIJING, China - A former top Chinese banker has been expelled from the ruling Communist Party for taking bribes and turned over to prosecutors, the government said Monday, following reports he was implicated in huge improper loans.
Yang Kun, a former vice-president of Agricultural Bank of China Ltd., was expelled from the party after investigators concluded he "took advantage of his position to seek favours for others and received huge bribes," the Ministry of Supervision said.
TORONTO - Netflix CEO Reed Hastings is standing in line at a bustling Toronto coffee shop, summing up a speech he's set to deliver later in the day on the future of television, when he spies an example of his vision that's so perfect it almost seems planted by his PR team.
Smiling, he points to a young couple oblivious to their surroundings in the crowded, noisy cafe. They're snuggled together behind a laptop, sharing a pair of earbud headphones, and engrossed in a video they're streaming via the in-house WiFi.
LONDON - Stock markets remained relatively solid Monday as evidence of a steady economic recovery in the U.S. continued to shore up sentiment.
Following another week, which saw many stock indexes around the world either hit record highs or multiyear peaks, investors have so far refrained from widespread profit-taking.
HONG KONG - A Macau lawyer assaulted in broad daylight in the Chinese gambling haven said Monday the attack was an attempt to intimidate him.
Jorge Menezes said the two assailants used bricks to bash him on the head before fleeing in last week's attack, which recalled the former Portuguese colony's shady past when Chinese organized crime gangs known as "triads" fought for control of lucrative casino VIP rooms. Macau largely shed its reputation for triad violence as it grew into the world's biggest gambling market.
DUBLIN - Ryanair reported record profits Monday as Europe's largest budget airline relentlessly expanded its route network across the continent and into North Africa.
The Dublin-based carrier's share price also surged to an all-time high after it predicted it would enjoy similar, if not better, earnings in the coming year.
BEIJING, China - A massive blast ripped through an explosives factory Monday in eastern China, killing at least 12 people and leaving others buried in the debris, state media reported.
Rescuers were take care to avoid setting off additional explosions as they went through the site of the mid-morning explosion in Shandong province's Caofan township, the China News Service said. The company website said the factory, run by the Baoli group, manufactures 10,000 tons of industrial explosives annually.
SOCHI, Russia - The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the 2014 Winter Games: Russia's business powerhouses.
Other countries that have hosted the Olympics have overwhelmingly used public funds to pay for the construction of needed venues and new infrastructure. The Russian government, however, has gotten state-controlled companies and tycoons to foot more than half of the bill, which now stands at $51 billion and makes the 2014 Winter Games by far the most expensive Olympics in history. In contrast, the much-larger 2012 Summer Olympics in London cost about $14.3 billion and the 2008 Summer Games in Beijing cost about $40 billion.
United Airlines is getting its 787s back in the air.
The planes are returning after being grounded for four months by the federal government because of smouldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another.
BANGKOK - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.
Benchmark crude for June delivery was down 25 cents to $95.77 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to close at $96.02 a barrel on Friday.
WASHINGTON - Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
The economists predict that the U.S. economy will grow 2.4 per cent this year and 3 per cent next year. That's unchanged from their forecast in February.
WASHINGTON - Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens continue to carry SPF ratings that some experts consider misleading and potentially dangerous, according to a consumer watchdog group.
A survey of 1,400 sunscreen products by the Environmental Working Group finds that most products meet new federal requirements put in place last December. The rules from the Food and Drug Administration ban terms like "waterproof," which regulators consider misleading, and require that sunscreens filter out both ultraviolet A and B rays. Previously some products only blocked UVB rays, which cause most sunburn, while providing little protection against UVA rays that pose the greatest risk of skin cancer and wrinkles.
BEIJING, China - A businesswoman in southern China has been sentenced to death in the government's latest crackdown on underground lending that is widely used by entrepreneurs.
The Intermediate People's Court of Wenzhou, a centre for private sector business, says Lin Haiyan was convicted of "illegal fundraising" for collecting 640 million yuan ($101 million) from individual investors by promising high returns and low risk.
LOS ANGELES, Calif. - "Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.
The latest voyage of the starship Enterprise fell short of its predecessor, 2009's "Star Trek," which opened with $75.2 million.
We could not load story (TG56723.xml). Please contact us if you get this error.
PHILADELPHIA - Freddy Galvis and Erik Kratz each homered off closer Aroldis Chapman in the bottom of the ninth innings Sunday, rallying the Philadelphia Phillies past the Cincinnati Reds for a stunning 3-2 victory.
Chapman (3-2) blew his second straight save opportunity after converting his first eight chances this season.
SASKATOON - After being swept in the first round of the Western Hockey League playoffs, many questioned whether the host Saskatoon Blades even belonged at the MasterCard Memorial Cup.
They emphatically put those doubts rest with a gritty win over the Canadian Hockey League's top team.
OTTAWA - As good-luck charms go, fibreglass shrapnel isn't high on most hockey players' lists.
But it seemed to do the trick for Colin Greening, whose double-overtime heroics lifted the Ottawa Senators to a 2-1 win over the Pittsburgh Penguins on Sunday in Game 3 of their Eastern Conference semifinal series.
ARLINGTON, Texas - David Murphy's three-run shot was barely enough against Miguel Cabrera's three home runs.
Murphy put Texas ahead for good with a drive just over the wall in right field in the sixth inning, and the Rangers spoiled the second three-homer game of Cabrera's career with an 11-8 victory on Sunday night.
(All times Eastern)
OTTAWA - Colin Greening scored 7:39 into double overtime, and the Ottawa Senators rallied for a 2-1 victory over the Pittsburgh Penguins that cut their series deficit to 2-1 on Sunday night.
Daniel Alfredsson got Ottawa even 1-1 by scoring a short-handed goal with 29 seconds left in regulation, just after the Senators pulled goalie Craig Anderson for an extra skater.
ARLINGTON, Texas - David Murphy put Texas ahead with a three-run home run, and the Rangers spoiled a three-homer game from Miguel Cabrera with an 11-8 victory against the Detroit Tigers on Sunday night.
Murphy's shot just over the fence in right field gave Texas an 8-7 lead and answered a bases-loaded double from Prince Fielder that put Detroit up by two in the sixth inning after the Rangers had walked Cabrera intentionally even though first base wasn't open.
IRVING, Texas - Sang-Moon Bae watched anxiously after hitting his tee shot at the par-3 17th hole Sunday in the Byron Nelson Championship.
When the ball landed on the front edge of the green fronted by water, he bent his knees and leaned backward obviously relieved. He was only a few shots away from his first PGA Tour victory and a congratulatory hug from the widow of the tournament's namesake.
BOSTON - Claude Julien wanted his Bruins to play more aggressively in the third period. The Boston coach got his wish with the help of some shaky defence by the New York Rangers.
A rare rough day for goalie Henrik Lundqvist certainly helped, too.
SAN ANTONIO - The San Antonio Spurs opened the Western Conference finals resembling the past champions who've been there so many times before.
The Memphis Grizzlies looked like the first-timers still trying to adapt to their first conference finals appearance.
STOCKHOLM - Sweden became the first host country to win an IIHF World Championship in 27 years in large part because of the addition of Vancouver Canucks forwards Henrik and Daniel Sedin during the tournament.
Henrik scored the winning goal, assisted on a third goal and scored into an empty net in Sweden's 5-1 victory over Switzerland in Sunday's sold-out championship game at Globe Arena.
MANCHESTER, England - Arsenal qualified for the Champions League for the 16th straight season after edging Tottenham to fourth place in the Premier League, as Alex Ferguson bowed out as Manchester United manager with a 5-5 draw against West Bromwich Albion.
Laurent Koscielny's 52nd-minute volley sealed an unconvincing 1-0 for Arsenal at Newcastle, rendering Spurs' 1-0 victory over Sunderland — courtesy of a late screamer from Gareth Bale — meaningless.
WEST BROMWICH, England - Alex Ferguson. Former Manchester United manager.
At the end of his 1,500th game in charge of Man United on Sunday, the 71-year-old Scot bowed in front of thousands of applauding fans — and then bowed out of football for good.
STOCKHOLM - Paul Henderson is having such a good year, he threatened to steal Mats Sundin's No. 13 at the International Ice Hockey Hall of Fame induction.
It's been non-stop recognition in 2013 for Henderson and his heroics for Canada in the 1972 Summit Series against the Soviet Union.
NEW YORK, N.Y. - Sunday's game between the Toronto Blue Jays and New York Yankees has been postponed due to rain.
No makeup date was set for the AL East rivals, who are not scheduled to meet again in the Bronx until August.
VANCOUVER - Will Johnson got mad — and then he helped his team get even.
Johnson scored on a penalty kick and earned an assist as the short-handed Portland Timbers came back to earn a 2-2 draw with the Vancouver Whitecaps on Saturday in Major League Soccer action.
SAN JOSE, Calif. - The Los Angeles Kings are now the team bemoaning a late penalty while the San Jose Sharks celebrate a dramatic win.
With the script being flipped from Game 2 in Los Angeles, the Sharks have played their way back into this second-round series against their Southern California rivals.
SASKATOON - Nathan MacKinnon doesn't think Saturday's performance at the MasterCard Memorial Cup will change the minds of many NHL scouts, but the flashy centre is sure of one thing — the Halifax Mooseheads deserve their ranking as the No. 1 team in the Canadian Hockey League.
The 17-year-old from Cole Harbour, N.S., grabbed the game by the scruff of the neck in the second period, scoring at even strength, on the power play and while shorthanded as the Quebec Major Junior Hockey League champions exploded for five straight goals to cruise past the Portland Winterhawks 7-4 in both teams' first game at the tournament.
BALTIMORE - Matt Joyce hit a big two-run double in a six-run ninth-inning rally, lifting the Tampa Bay Rays to a 10-6 victory over the Orioles on Saturday, ending Baltimore's franchise-record streak of 109 straight wins when leading after seven innings.
Joyce also homered and finished 3 for 5 with five RBIs.
INDIANAPOLIS - Indiana spent the entire season perfecting its defence.
On Saturday, it produced the biggest payoff for the Pacers in nearly a decade.