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.
NEW YORK, N.Y. - Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth.
In a surprise move, P&G said Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning to the Cincinnati company's helm.
NEW YORK, N.Y. - It was another ugly quarter for Sears Holdings Corp.
The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales.
WASHINGTON - President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy.
The White House says the president will tour the coastline with New Jersey Gov. Chris Christie on Tuesday and speak about the need to expand economic opportunities for middle-class families hit by the storm. He plans to meet with business and home owners who have benefitted from the recovery.
CHICAGO - An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday, she lost.
Jurors sided with the real estate mogul-turned-TV showman in a weeklong civil trial focused on Jacqueline Goldberg's claim that Trump cheated her in a bait-and-switch scheme connected to condos in a Chicago skyscraper he built.
The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes.
The Dow Jones industrial average, Nasdaq and Standard & Poor's 500 indexes are each up more than 20 per cent over the past 12 months. But experts suggest investors tread cautiously and avoid major changes aimed at timing the market.
CALI, Colombia - Prime Minister Stephen Harper says it is too soon to decide whether Canada should join the Pacific Alliance trade bloc in its mission to deepen economic integration.
After a day spent meeting with Latin American leaders and looking into their plans to form a European Union-like bloc to compete with Asia, Harper said he was not ready to make the call.
HARTFORD, Conn. - Researchers examining the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in Connecticut say they have found no statistically significant elevations in the rate of cancer among workers.
The researchers at the University of Pittsburgh and the University of Illinois at Chicago said Thursday they identified 723 workers diagnosed with tumors between 1976 and 2004 at the United Technologies Corp. subsidiary. The tumors were malignant, benign or unspecified and included 277 cases of brain cancer.
MONTREAL - Genivar has unveiled a strategic plan to more than double its size even as the big consulting engineering firm acknowledged that ethical lapses have undermined employee morale.
"Unfortunately, we can't change the past but we can learn and come out of it stronger," CEO Pierre Shoiry told shareholders Thursday at the company's annual meeting.
MILWAUKEE - Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday.
The rules require labels on steaks, ribs and other cuts of meat to say where the animal was born, raised and slaughtered. Earlier U.S. Department of Agriculture rules only required that countries of origin to be noted, so a package might say "Produce of U.S. and Canada." Now, the label will specify "Born in Canada, raised and slaughtered in the United States."
TORONTO - Canada said Thursday that it is considering retaliatory measures against the United States in a dispute over meat-labeling rules that Ottawa and the World Trade Organization consider discriminatory.
The Canadian government said that new U.S. country of origin labeling regulations announced Thursday that require tracking beef, chicken and hogs from livestock through the meat processing and distribution systems are unduly burdensome.
CALGARY - A senior TransCanada Corp. executive says the resistance to the approval of the proposed Keystone XL oilsands pipeline has made the company more cautious about future cross-border endeavours.
Alex Pourbaix, president of energy and oil pipelines at the Calgary-based pipeline and utility company (TSX:TRP), said the long delays getting Keystone approved in the U.S. has been an education.
MONTREAL - BTB Real Estate Investment Trust (TSX:BTB.UN) said Thursday that one of its subsidiaries has sold a property in Quebec for $2,375,000.
The price for the 16,867-square-foot property in Longueuil is $100,000 more than it paid for it in late 2006.
NEW YORK, N.Y. - After years of struggle, Gap is back in style.
Gap Inc., which owns The Gap, Old Navy and Banana Republic clothing chains, on Thursday reported a 43 per cent jump in its fiscal first-quarter net income, as the company continues to reap benefits from the turnaround plan that it began early last year.
NEW YORK, N.Y. - Total U.S. money market mutual fund assets rose $19.53 billion to $2.601 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets of the nation's retail money market mutual funds rose $1.33 billion to $893.78 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $1.26 billion to $706.47 billion. Tax-exempt retail fund assets rose $70 million to $187.31 billion.
NEW YORK, N.Y. - Campbell Soup said it's buying Plum Organics, which makes food for babies and kids, for an undisclosed amount as it looks to move into faster-growing categories.
The company, which also makes Prego pasta sauces and Pepperidge Farm cookies, had been struggling to grow sales of its canned soups in recent years as people increasingly look for foods with a fresher feel. To diversity its stable of products, Campbell also recently purchased Bolthouse Farms, which makes premium juices, salad dressings and bagged carrots.
DENVER - In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
The Oklahoma City-based arts-and-crafts chain argues that businesses — not just the currently exempted religious groups — should be allowed to seek exception from that section of the health law if it violates their religious beliefs.
NEW YORK, N.Y. - Ralph Lauren Corp. reported a 35 per cent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.
But the seller of Polo and other brands saw its stock fall Thursday because its revenue fell below Wall Street expectations amid poor weather, economic challenges in the U.S. and abroad and the move to eliminate some businesses to focus on the most profitable ones.
HOUSTON - Marathon Oil said Thursday that talks on a potential sale of part of its stake in the Athabasca Oil Sands Project in Canada have ended.
The Athabasca project is a joint venture between Marathon Oil Canada, Shell Canada Energy and Chevron Canada Ltd. that extracts a thick form of crude known as bitumen from sand formations. Shell holds a 60 per cent stake and serves as the project's operator.
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,658.09 down 94.41 points):
NEW YORK, N.Y. - McDonald's once again faced criticism that it's a purveyor of junk food that markets to children at its annual shareholder meeting Thursday — including some sharp remarks from a 9-year-old girl.
The world's biggest hamburger chain has been looking to keep up with changing tastes as people increasingly opt for foods they feel are fresh or healthy. Customers can now order egg whites in its breakfast sandwiches, for example. McDonald's also recently introduced chicken wraps to go after people in their 20s and 30s looking for better-for-you options.
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VANCOUVER - Former Vancouver Canucks coach Alain Vigneault appears to have some interesting opportunities as he pursues a new job.
Given his experience and success with the Canucks, Vigneault should get some consideration for the vacant Dallas Stars job. Dallas has a strong core of young, emerging talent, but missed the playoffs the past two seasons under former first-time NHL coach Glen Gulutzan.
DENVER - The Colorado Avalanche are rounding up the old crew to restore the downtrodden franchise.
First, Joe Sakic was given more responsibility in the front office.
INDIANAPOLIS - Fuzzy Zoeller says he's "paid his dues" after his infamous remarks about Tiger Woods ordering fried chicken for the Masters champions dinner, and believes similar comments made by Sergio Garcia will eventually blow over.
Garcia has apologized to Woods after saying at a recent awards dinner in London that he would serve fried chicken if the two rivals had dinner at the U.S. Open. Garcia called it a "silly remark," adding that "in no way was the comment meant in a racist manner."
Star Calgary running back Jon Cornish may get odd looks when he stands on one foot ordering lunch or spins through a doorway.
But he says he can't stop working on ways to improve his game, after setting a new CFL record last season for a Canadian with 1,457 rushing yards.
VANCOUVER - Ryan Lochte did many things after dominating at the 2012 London Olympics — except swim.
The U.S. swimming star, who won five gold medals in London, was featured in his own reality show called "What Would Ryan Lochte Do?" He also appeared on talk shows and made TV cameo appearances.
OTTAWA - Daniel Alfredsson has no doubt that he and the Ottawa Senators will bring their best game to Pittsburgh and doesn’t care if anyone thinks otherwise.
Down 3-1 to the Penguins, the Senators face the prospect of elimination when their best-of-seven Eastern Conference semifinal resume Friday night.
TORONTO - Prior to training camp this season, young midfielder Jonathan Osorio was just hoping to catch on with Toronto FC.
The 20-year-old from Toronto has gone well beyond just hanging around. Osorio earned a starting assignment in the MLS club's first pre-season game against Columbus in Orlando in February, has seen action in 10 of TFC's first 11 league games, scored twice and been singled out for praise by manager Ryan Nelsen, who has used him as an impact substitute.
SASKATOON - Saskatoon Blades defenceman Dalton Thrower has played his last game at the MasterCard Memorial Cup.
The Canadian Hockey League has suspended Thrower for the rest of the tournament for his check to the head on Portland Winterhawks forward Taylor Leier.
MONTREAL - Having Alessandro Nesta back on the field this week was a welcome sight for the Montreal Impact.
The former Italian international defender has battled a nagging adductor injury since the third game of the Major League Soccer season, but looks ready to play again.
POLSA, Italy - Vincenzo Nibali won the individual mountain time trial in the 18th stage of the Giro d'Italia on Thursday to extend his overall lead.
The Italian finished in 44 minutes, 29 seconds on the 20.6-kilometre (12.8-mile) uphill route from Mori to Polsa in northern Italy for his first stage victory in this year's race. Samuel Sanchez was 58 seconds behind, while Damiano Caruso was third, 1:20 behind Nibali.
PARIS - Used to be the French Open was the scene for clay-court specialists and surprise champions.
Scan the list of past winners and runners-up. There's Gaston Gaudio and Albert Costa, Guillermo Coria and Martin Verkerk, Andres Gomez and Mariano Puerta. Not so much a "Who's Who." More like a "Who's He?"
TORONTO - Toronto FC is hurting ahead of Saturday's away game with the New England Revolution.
Manager Ryan Nelsen says the injured list includes Justin Braun, Danny Califf, Bobby Convey, Richard Eckersley, Stefan Frei and Darel Russell.
LONDON - Wrestling's governing body has "reacted well" and made the necessary changes to give the sport a chance of saving its place in the Olympics, IOC President Jacques Rogge said.
In an interview with The Associated Press, Rogge said FILA has tackled the issues that led the IOC executive board in February to remove wrestling from the list of core sports for the 2020 Games.
GENEVA - An independent panel will examine allegations that cycling's governing body was complicit in Lance Armstrong's doping, UCI President Pat McQuaid said Thursday.
Senior UCI and World Anti-Doping Agency officials will meet in Russia next week to discuss potential appointments to a three-member expert panel, McQuaid told The Associated Press.
VIRGINIA WATER, England - The head of the European golf tour apologized for using the term "colored" during a live television interview Thursday in which he was reacting to the spat between Tiger Woods and Sergio Garcia.
European Tour CEO George O'Grady said that "most of Sergio's friends are colored athletes in the United States."
MONACO, Monaco - Finishing fastest in both of Thursday's practice sessions for the Monaco Grand Prix isn't enough to get Nico Rosberg too excited. He knows Mercedes has yet to prove it can last the pace on race day.
The German driver clocked a time of 1 minute, 14.759 seconds to finish .318 in front of teammate Lewis Hamilton and .437 ahead of Ferrari driver Fernando Alonso in the second session. The times were generally faster than in the first session.
BUDAPEST, Hungary - Hungarian prosecutors have indicted a Singaporean businessman known as Dan Tan and 44 Hungarians suspected of being involved in an international match-fixing conspiracy.
Chief Prosecutor Imre Keresztes said in a statement Thursday that 32 local and international matches are thought to have been manipulated by the suspects, including former and current players, referees, team owners, an agent and a coach.
JOHANNESBURG - Oscar Pistorius and Caster Semenya were left off a list of athletes to be given funding ahead of the 2016 Rio Games because neither is currently training or competing, the South African Olympic Committee said Thursday.
Pistorius, a double-amputee runner who competed at the London Games, was not on the high performance list for the next Olympics and Paralympics after his decision to stay away from competition for the rest of the year to focus on defending himself against a murder charge for the shooting death of his girlfriend in February.
SASKATOON - Dale Hunter watched from the sidelines as his London Knights fell just short in last season's MasterCard Memorial Cup final.
Having just finished an up-and-down stint behind an NHL bench with the Washington Capitals, Hunter sat in the stands in Shawinigan, Que., as the host Cataractes defeated London 2-1 in a memorable Canadian Hockey League championship game.
MANCHESTER, England - Rio Ferdinand has signed a new one-year contract with Manchester United that will take him into a 12th season at Old Trafford.
The 34-year-old defender retired from international football last week to concentrate on his club career.