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Interest rates likely to increase today: How that could affect your loans

The odds that the Bank of Canada will increase its key interest rate by 0.25 per cent today are overwhelming, as far as financial markets are concerned. That rate, known…

What happens to loonie after Bank of Canada hikes rates?

What happens to loonie after Bank of Canada hikes rates?

If you’re planning a summertime trip to the U.S., keep a close eye on the loonie next Wednesday. That’s when the Bank of Canada is widely expected to increase interest rates, a…

Crude prices snap winning streak

An eight-day winning streak for oil prices ended Wednesday amid news that Russia isn’t interested in pursuing deeper production cuts. The August crude contract fell back $ 1.94 to $…

Entertainment and eats emporium the Rec Room opens in Toronto

Booze-infused doughnuts, British phone booths minus phones, Spam-branded lunch boxes — and not a movie theatre in sight. It’s not your average trip to the Cineplex. Then again, it’s a…

Home Capital says fight to survive added $175M to its expenses

Home Capital Corp. says its expenses soared $ 175 million above normal during the second quarter as it fought to survive a cash shortage that erupted as customers withdrew most…

You can become wealthy working for someone else

Most people have daydreams about getting rich, but your employer likely isn’t in any of them. However, not all millionaires acquired their wealth through the lottery or a brilliant business…

Sears Canada to close 59 stores, lay off 2,900 in restructuring

Sears Canada to close 59 stores, lay off 2,900 in restructuring

Sears Canada plans to close 59 stores and eliminate 2,900 jobs across the country as part of a court-supervised restructuring process. Shares in Sears Canada were halted Thursday morning after…

Billionaire John Paulson joins Valeant’s board of directors

Billionaire hedge-fund manager John Paulson joined the board of Valeant Pharmaceuticals International Inc., a move that could help comfort investors who saw longtime backer Bill Ackman bail out earlier this…

Now Open: Butternut Baking serves up paleo treats

You know you have a valid business idea making sugar-free, grain-free and all-natural baked goods, when you end up serving a customer the first slice of cake she’s had in…

Loonie spikes after optimistic speech by Bank of Canada official

The Canadian dollar shot up Monday after a speech by a senior Bank of Canada official talking up the positive health of the economy apparently had the market eyeing the possibility…