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Grocery code launch being held back by dissent from some retailers: board report

Grocery code launch being held back by dissent from some retailers: board report

After two years of work, the group responsible for developing the grocery code of conduct says its launch is being held back by a lack of support from two major grocers.
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Enbridge to sell Alliance, Aux Sable stakes to Pembina Pipeline for $3.1 billion

Enbridge to sell Alliance, Aux Sable stakes to Pembina Pipeline for $3.1 billion

CALGARY — Enbridge Inc. is selling its stakes in the Alliance pipeline and Aux Sable gas processing facility to Pembina Pipeline Corp. for $3.1 billion. The Alliance pipeline is a 3,848-kilometre pipeline stretching southeast from B.C.
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Cineplex sees $35 million in box office revenues for month of November

Cineplex sees $35 million in box office revenues for month of November

TORONTO — Cineplex Inc. says November brought box office revenues of $35 million as Canadians came out to watch the likes of The Marvels and the latest Hunger Games movie.
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Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,629.45, up 395.61 points): Canopy Growth Corp. (TSX:WEED). Health care. Down 19 cents, or 20.43 per cent, to 74 cents on 18.
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Statistics Canada says household debt-to-income ratio lower in Q3, service costs up

Statistics Canada says household debt-to-income ratio lower in Q3, service costs up

TORONTO — The amount Canadians owe relative to their income edged lower in the third quarter, but the cost of servicing that debt relative to income climbed, Statistics Canada said on Wednesday.
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At least one Canadian airline will be gone within two years, Porter CEO predicts

At least one Canadian airline will be gone within two years, Porter CEO predicts

Porter Airlines CEO Michael Deluce says the travel market is too small to keep all of Canada's airlines afloat for two more years, even as several embark on swift expansion plans — Porter most of all.
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Scotiabank increasing North American focus, could exit some foreign markets

Scotiabank increasing North American focus, could exit some foreign markets

TORONTO — Scotiabank will focus its growth efforts closer to home and could exit some foreign markets under a new strategic plan outlined by chief executive Scott Thomson on Wednesday.
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TSX gains two per cent, led by energy, while U.S. markets also gain after rate hold

TSX gains two per cent, led by energy, while U.S. markets also gain after rate hold

TORONTO — Strength in energy, utilities and base metals helped lead Canada's main stock index up almost two per cent on Wednesday, while U.S. markets also jumped after the U.S. Federal Reserve announced it is keeping its overnight rate unchanged.
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Stock market today: Dow hits a record high and Treasury yields drop after the Fed signals rate cuts

Stock market today: Dow hits a record high and Treasury yields drop after the Fed signals rate cuts

NEW YORK (AP) — A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year.
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