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Target cuts full-year profit forecast

Target Corp. reported a 62 percent drop in second-quarter profit and cut its full-year earnings forecast as it resorts to price cuts to attract cash-strapped consumers and win over shoppers unnerved...

Posted on 8-20-2014 at 8:27 AM
Tags: Target

Home improvement chain Lowe's Cos cuts sales forecast

Home improvement chain Lowe's Cos Inc reported a 5.6 percent rise in quarterly sales as more people undertook home renovation projects after a prolonged winter.

Posted on 8-20-2014 at 8:13 AM
Tags: Lowes Companies

Struggling Sears Canada swings to loss as revenue slides

Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline.

Posted on 8-20-2014 at 8:08 AM
Tags: Sears Canada

Longer loans fuel car sales as debt warnings ignored

Kelly Collins chose to stretch out the loan on her new red Dodge Journey for an extra year because she wanted lower monthly payments, an increasingly common practice in debt-laden Canada.

Posted on 8-20-2014 at 7:51 AM
Tags: Loans, Autos

Apple rises to record on optimism over new batch of products

Apple Inc.’s stock soared to an all- time high, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and a wristwatch-like device that may jump-start revenue...

Posted on 8-20-2014 at 7:44 AM
Tags: Apple

Hazelnut prices soar, fuelling fears of Nutella shortage

Hold on to your wallets, Nutella fans. Poor weather has ravaged the home of the majority of the world’s hazelnut crops, driving up prices and stoking fears of a shortage of the sugary sweet treat.

Posted on 8-20-2014 at 7:28 AM

Canola growers turn to more profitable hemp

Rogers is a lifelong farmer – a wheat-and-canola kind of guy. But he is dabbling in something new. He sowed hemp in some fields this year, hoping to cash in on a growing slice of Canada’s agriculture...

Posted on 8-20-2014 at 7:15 AM

Ottawa warned its wireless plan for cities may hurt rural Web access

Federal industry officials have unveiled a proposal designed to enhance cellphone service in large cities and mid-sized urban centres, but some say it could actually reduce high-speed Internet access...

Posted on 8-20-2014 at 7:10 AM
Tags: Telecommunications

UBS sees loonie hitting 5-year low

The Canadian dollar may weaken to a five-year low as slow economic growth and rising U.S. interest rates spark a retreat from the country’s corporate debt similar to that seen in government bonds,...

Posted on 8-19-2014 at 6:28 PM
Tags: Loonie

Magna CEO ready to buy in post-Stronach era

Magna International Inc., the largest auto supplier in North America, will consider purchases of as much as $4 billion US as it distances itself from debt-averse founder Frank Stronach.

Posted on 8-19-2014 at 6:20 PM
Tags: Magna International
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