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.
WASHINGTON - Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and lack of evidence to date of wrongdoing close to the Oval Office.
"Absolutely not," Steven Miller, the recently resigned acting head of the Internal Revenue Service, responded Friday when asked if he had any contact with the White House about targeting conservative groups seeking tax-exempt status for special treatment.
BERLIN - Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved.
Officials say the International Monetary Fund, which has contributed financial expertise and billions in emergency loans, may no longer be needed as a key decision-making partner. And they say that the eurozone would be able to make decisions and take action more quickly if it wasn't bound by the need for unanimous agreement among its 17 member countries.
NEW YORK, N.Y. - Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications.
The Sunnyvale, Calif., company's board of directors will meet Sunday evening to consider approving a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated, according to the technology news site All Things D. The story posted late Friday cited anonymous sources.
BUENOS AIRES, Argentina - Hundreds of passengers remained stranded at Argentina's airports on Friday after LAN Airlines S.A. temporarily suspended all domestic and international flights over a dispute with a state-owned company that is the country's sole handler of passenger luggage.
The local branch of LATAM Airlines Group said all its flights in Argentina are suspended at least until Saturday because Intercargo refuses to transfer passengers on buses to and from airplanes, clean the planes and unload cargo and luggage.
LOS ANGELES, Calif. - Sonic the Hedgehog is rolling with Nintendo.
Sega says it will exclusively release the next three games starring the popular blue critter on Nintendo platforms. The first title will be called "Sonic Lost World" and is set for release on the Wii U and Nintendo 3DS later this year.
NEW YORK, N.Y. - Former Groupon CEO Andrew Mason is diving into several new ventures, including indulging his inner rock star with an album of "motivational business music."
Mason said Thursday on his blog that he recently spent a week in Los Angeles and recorded a collection of seven songs called "Hardly Workin'."
MAYS LANDING, N.J. - After paying an $11 million advance to a struggling Atlantic City casino it intended to buy, the parent company of the world's largest online poker website was left with nothing for its troubles Friday when a judge ruled the casino had the right to scrap the deal.
Superior Court Judge Raymond Batten said The Atlantic Club Casino Hotel could terminate the contract it signed with The Rational Group, the British parent company of PokerStars, when the company failed to get New Jersey's preliminary approval by April 26 to own a casino.
NEW YORK, N.Y. - Viking Cruises, a company known for offering river cruises, on Friday announced that it was launching a new cruise line for ocean-going trips.
Viking's first ocean-going ship, Viking Star, will make its first voyages in 2015 to Scandinavia, the Baltic region and the Mediterranean.
WASHINGTON - The White House says President Barack Obama has met with Daniel Werfel, the new acting commissioner of the Internal Revenue Service.
The Treasury Department says Treasury Secretary Jacob Lew told Werfel to take steps immediately to ensure the IRS is acting in an unbiased way.
A year after IPO, Facebook aims to be ad colossus
OTTAWA - Canada's inflation story is fast becoming one about disinflation.
Statistics Canada reported Friday that the annual rate fell an astonishing six-tenths of a point to 0.4 per cent last month, the lowest it's been since October 2009, as gas prices plunged by six per cent — also the biggest drop since October 2009 — and many other consumer goods registered outright declines.
WASHINGTON - The Energy Department on Friday conditionally approved a Texas company's proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of domestic natural gas.
The action would allow Freeport LNG Expansion L.P. to export up to 1.4 billion cubic feet of liquefied natural gas per day from its terminal near Freeport, Texas, south of Houston. The DOE said granting such a permit for shipments to countries that do not have free trade agreements with the U.S. was in the public interest.
WASHINGTON - President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress' nonpartisan budget analyst said Friday.
After four straight years of annual shortfalls exceeding $1 trillion, the Congressional Budget Office report said Obama's budget would push this year's deficit down to $669 billion. Annual shortfalls would shrink slowly to $399 billion in 2017 before rising again, the report said.
NEW YORK, N.Y. - NewsRight, an organization created to turn unauthorized publishers of newspaper content on the Internet into licensed customers, said it is disbanding and transferring its operations to Moreover Technologies, which monitors how Moreover's clients are portrayed in the media.
NewsRight said that Moreover will get the NewsRight brand and will offer new contracts to the organization's current customers.
TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,613.05 up 105.45 points):
MONTREAL - Hydro-Quebec says it earned $1.36 billion in its latest quarter, up from $1.34 billion a year ago, helped by higher electricity sales and exports.
The public utility said revenues for the quarter period ended March 31 increased by to $3.98 billion, up from $3.74 billion a year ago.
TORONTO - The Toronto Stock Exchange surged ahead Friday, encouraged by gains from the U.S. markets, after data showed the world's largest economy may be in recovery.
"We continue to grind higher here," said Jason Hornett, a portfolio manager with Bissett Investment Management.
Note to readers: This is a corrected story. A previous version included the wrong closing price for the S&P 500.
NEW YORK, N.Y. - It was supposed to be our IPO, the people's public offering.
Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola. And it was all made possible by our friendships, photos and family ties.
LOS ANGELES, Calif. - A Los Angeles doctor was sentenced Friday to 14 years in federal prison for bilking patients out of more than $1 million by promising them that an herbal supplement she hawked could cure late-stage cancer and other diseases.
U.S. District Judge Robert Timilin also ordered Dr. Christine Daniel to forfeit $1,277,083.
TORONTO - The Canadian dollar headed lower Friday after Statistics Canada reported that consumer prices rose last month at the slowest rate it's seen in more than three years.
The loonie finished the day down 0.95 of a cent to 97.17 cents US as the U.S. dollar also gained strength against other major currencies.
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BUFFALO, N.Y. - Bills defensive end Mario Williams isn't any closer to getting back his $785,000 diamond engagement ring from his former fiancee, Erin Marzouki.
And Marzouki's attorney, Tony Buzbee, upped the ante on Friday by releasing a series of text messages he said were between his client and Williams that indicate how despondent the player was over their breakup in November.
ATLANTA - Justin Upton gave Atlanta the lead with a sixth-inning grand slam and the Braves finally unveiled their full-strength lineup, beating the Los Angeles Dodgers 8-5 on Friday night.
Upton drove in five runs hitting behind Jason Heyward, who had two hits with a RBI in his first game back after having his appendix removed April 22.
CLEVELAND - Jason Kipnis' three-run homer in the 10th inning gave the Cleveland Indians a 6-3 win over the Seattle Mariners on Friday night.
Kipnis' home run came on an 0-1 pitch from Lucas Luetge and capped a two-out rally that began with a walk and an infield hit.
SASKATOON - London goalie Anthony Stolarz wasn't sure he would get into another game this season after watching Knights counterpart Jake Patterson lead the club back from a 3-1 deficit to win the Ontario Hockey League final.
But after his teammate came down with the flu this week, Stolarz jumped at his chance Friday, leading London to a hard-fought 3-2 victory over the host Saskatoon Blades in the opening game of the 2013 Memorial Cup.
PITTSBURGH, Pa. - Ottawa's star is playing anything like one.
Pittsburgh's star is being The Star, and Sidney Crosby is a big reason why the Penguins already have the Senators in a very precarious playoff position.
NEW YORK, N.Y. - In a revolving-door season, Joe Girardi is grateful he has to spend little time worrying about Hiroki Kuroda.
There are those moments, though, that the New York Yankees' manager has to remind himself the Japanese ace is not one of the many young faces in his clubhouse.
SAN JOSE, Calif. - San Jose Sharks general manager Doug Wilson said Friday that the organization strongly disagrees with the NHL's decision to suspend forward Raffi Torres for a hit that knocked out Los Angeles forward Jarret Stoll.
"It is abundantly clear that this was a clean hockey hit," Wilson said in a statement. "As noted by the NHL, Raffi's initial point of contact was a shoulder-to-shoulder hit on an opponent who was playing the puck. He did not leave his feet or elevate, he kept his shoulder tucked and elbow down at his side, and he was gliding — not skating or charging."
NEW YORK, N.Y. - Jose Reyes says he is progressing in his rehabilitation from a severely sprained left ankle, and the shortstop looks forward to joining his Toronto Blue Jays teammates on the field before the All-Star break.
Wearing a Superman T-shirt, the bearded Reyes flashed a big grin Friday while reconnecting with his teammates in the visitors' clubhouse at Yankee Stadium. He was on the field during batting practice, playing catch and standing out near his position.
Canadian coaching has lost one of its leaders, and the sport of track and field one of its most eloquent voices.
Geoff Gowan died in Halifax on Thursday night at the age of 83 after a lengthy struggle with Parkinson's disease.
Ken Venturi, who overcame dehydration to win the 1964 U.S. Open and spent 35 years in the booth for CBS Sports, died Friday afternoon. He was 82.
His son, Matt Venturi, said he died in a hospital in Rancho Mirage, Calif. Venturi had been hospitalized the last two months for a spinal infection, pneumonia, and then an intestinal infection that he could no longer fight.
NEWARK, N.J. - New York Jets running back Mike Goodson is facing drug and weapons charges after he was found in a car with an acquaintance early Friday morning on Interstate 80 in New Jersey.
According to state police, Goodson was a passenger in a vehicle driven by 31-year-old Garant Evans of Roselle. After receiving a 911 call from a tow-truck driver at about 3:15 a.m., police found them stopped in the left lane of Interstate 80 west in Denville, about 25 miles west of New York City.
VANCOUVER - Andy O'Brien has had a busy week, but he is definitely not complaining.
The Vancouver central defender is slated to play his third game in seven days as the Whitecaps host the Portland Timbers in MLS action Saturday at BC Place.
ROME - Novak Djokovic can't seem to find any consistency on clay courts. And with the French Open less than 10 days away, he will enter Roland Garros on the back of two early defeats.
The top-ranked Serb wasted a chance to serve out the match and was beaten 2-6, 7-5, 6-4 by sixth-seeded Tomas Berdych in the Italian Open quarterfinals Friday.
Two-time major champion Rory McIlroy is leaving Dublin-based Horizon Sports Management to set up his own management group.
A person with knowledge of the decision told The Associated Press that McIlroy will create his own team run by his father, Gerry, along with close friends and associates. The person spoke on condition of anonymity because McIlroy hasn't announced the change.
SASKATOON - Seth Jones, Nathan MacKinnon and Jonathan Drouin are used to hearing their names in the same sentence.
As three of the top prospects heading into this year's NHL draft, the teens have shared the spotlight for months — if not years — so it's no surprise they're the talk of the 2013 MasterCard Memorial Cup.
The Toronto Maple Leafs have tortured their fans many times over the years — but never quite this way.
In what had to be a Maple Leafs first, the star-crossed squad dashed the hopes of an astronaut just as he returned to Earth.
TORONTO - Fresh from a weekend off and sporting player reinforcements, struggling Toronto FC returns to action Saturday against the visiting Columbus Crew.
In recent days, Toronto has added Scottish defender Steven Caldwell, American midfielder Bobby Convey and New Zealand forward Jeremy Brockie. They join 21-year-old Argentine midfielder Matias Laba, who already has two league games under his belt.
PARIS - David Beckham's pecs are at least as much a part of his brand as his kick; his brand of shoes ultimately more lucrative than the game he's giving up. Listed as the world's highest-earning athlete for 2013, Beckham's retirement from play still leaves him with valuable endorsements and unparalleled celebrity. The question is whether he can maintain it.
Only a few athletes, once their job is preceded by 'ex,' manage to maintain a connection with fans: Those who have carefully built up their image beforehand.
BALTIMORE - Everything's a go for Orb.
The Kentucky Derby winner was in a playful mood the day before the Preakness, making faces for photographers between nibbles of grass outside his stall at Pimlico Race Course.