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BoC warns Alberta’s wildfires could send the economy into the red

The Alberta wildfires could be poised to send Canada’s economy into contraction territory this quarter. That’s the takeaway from the Bank of Canada’s assessment of the damage.
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Microsoft to trim smartphone business, cut 1,850 jobs
Microsoft Corp. said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950-million from the operation.
The 10 cheapest travel destinations for Canadians
With a weak loonie, it’s no wonder many Canadians are looking to make travel plans close to home. But a report from travel site reveals that it may be even more affordable to fly to a U.S. city rather than a domestic one.
Top Picks from David Burrows: Medtronic, Honeywell International, BlackRock
Top Picks from David Burrows, President and Chief Investment Strategist, Barometer Capital Management.
Apple explores charging stations for electric vehicles: Report
Apple Inc is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, according to people familiar with the matter and a review of LinkedIn profiles.
Fed survey lays bare U.S. economic divide
Almost half of American families say they would struggle to pay for emergency expenses and those with a high school degree or less are most likely to say their well-being has declined, according to a Federal Reserve survey released on Wednesday.
Indigo CEO says company approached by U.S. developers to expand south of the border
Indigo Books and Music has been approached by several U.S. developers to expand its brand south of the border.
TSX hits seven-month high as BMO, energy shares gain
Canada's main stock index rose to a seven-month high on Wednesday, helped by strength in shares of Bank of Montreal after the lender reported quarterly results and gains in the energy sector following a jump in the oil price.
Ford recalls 271,000 F-150 trucks to replace brake cylinders
Ford Motor Co is recalling about 271,000 F-150 pickup trucks in North America to replace their brake master cylinders.
BMO raises payout while setting aside more cash for sour loans
The Bank of Montreal has kick-started bank earnings season with an in-line profit and richer dividend. But it's not immune to fallout from the energy sector downturn.
Citigroup to pay US$425M over attempted benchmark manipulation
Citigroup (C.N) and its affiliates have agreed to pay a collective US$425 million to resolve civil charges the bank attempted to manipulate several key benchmarks, the Commodity Futures Trading Commission said.
Saskatchewan community rallies to save one of last KFC buffets: ‘It’s big for Weyburn’
An all-you-can-eat buffet at the Kentucky Fried Chicken in Weyburn, Sask. — believed to be the first of its kind in the country when it started in 1988 — is one of the last remaining smorgasbords still being served at the fast-food chain in Canada.
Shell layoffs to hit 12,500 by end of 2016 – equal to Facebook’s entire workforce
Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
How ‘Superfan’ Nav Bhatia brings his passion for the Raptors to his business
There’s no shortage of Raptors supporters in Canada this playoff season, but there’s one fan in particular who has caught everyone’s attention. His name is Nav Bhatia.
High cost of home ownership exposes strains in Canada’s housing market
A Manulife Bank Canada report shows more than one third of Canadian homeowners were unable to cover expenses at least once this year. Less than half think they'll have enough savings for retirement.
Victoria Day weekend guide: Tips from Kevin O’Leary, Pattie Lovett-Reid, Beau’s CEO
For most Canadians, Victoria Day long weekend is the unofficial start of the summer season. CTV Chief Financial Commentator Pattie Lovett-Reid, Beau’s CEO Steve Beauchesne and chairman of O’Leary Financial Group Kevin O’Leary give their tips on various ways to take advantage of your summer break.
Top Picks from Jaime Carrasco: Americas Silver, Barkerville Gold, Vermilion Energy
Top Picks from Jaime Carrasco, director & associate portfolio manager at Scotiabank Wealth Management.
Equal doesn’t equal fair: How to divvy up the family cottage
ANALYSIS: It’s the first long weekend of the spring any many people will be getting ready to go to the cottage. CTV’s Chief Financial Commentator Pattie Lovett-Reid has some tips for keeping everyone in the family happy at the cottage.
Why this Apple developer thinks the tech giant is doomed to a BlackBerry-style fall
Apple could be doomed to a BlackBerry-style fall from grace if it does not adapt to the rapidly changing mobile landscape, according to Apple developer Marco Arment.
Struggling to save: Why millennials can’t buy the houses they want
Almost two thirds of Canadian millennials want to buy a house in the next five years, but almost half haven’t started saving, according to a survey released on Tuesday by CIBC.
U.S. law firm probing Target’s Canadian expansion disclosure
Los Angeles-based law firm Glancy Prongay & Murray has begun an investigation into possible violation of federal securities laws by Target Corporation and its officers. The possible violations relate to Target’s operations in Canada.
BMO raises payout while setting aside more cash for sour loans
The Bank of Montreal has kick-started bank earnings season with an in-line profit and richer dividend. But it's not immune to fallout from the energy sector downturn.
The Week Ahead: Bank of Canada rate decision, G7 summit
BNN sets up the week ahead to highlight what investors should be expecting.
Top Picks from Jennifer Radman: Cisco Systems, Amdocs, Broadridge Financial Solutions
Top Picks from Jennifer Radman, vice president & Senior Portfolio Manager, Caldwell Investment Management.
Top Picks from Andrey Omelchak: Element Financial, Yellow Pages, EXCO Technologies
Top Picks from Andrey Omelchak, president & CIO, LionGuard Capital Management.

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