U.S. judge approves $11.2M settlement for hacked Ashley Madison users

ST. LOUIS—A federal judge on Friday approved an $ 11.2 million settlement between the marital infidelity website Ashley Madison and users who sued after hackers released personal information, including financial data and details of their sexual proclivities. U.S. District Judge John Ross in St. Louis gave preliminary approval to a class action settlement that was […]

Sears Canada liquidation sales given OK to start Friday

Sears Canada liquidation sales given OK to start Friday

Liquidation sales at dozens of Sears Canada locations slated for closure could begin as early as this week after an Ontario court signed off on the plan Tuesday. The sales can start Friday and run no later than Oct. 12 with the deep discounts happening only at the 59 department and Sears Home stores that […]

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 move that generally attracts foreign investment and boosts demand for a currency, pushing that currency’s value higher. The Canadian dollar was worth 77.61 cents US on Friday after rising by […]

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 $ 45.13 US per barrel, following a Bloomberg report that the influential non-OPEC member would oppose any proposal for more cuts at a meeting later this […]

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 very different venture for the Canadian movie giant called the Rec Room, a massive arcade and eatery which opened last Tuesday in Roundhouse Park on […]

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 of the money they had deposited in the company’s savings accounts. The estimate includes a previously reported $ 100 million in fees and transaction costs […]

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 idea, as we usually imagine. It is possible to become wealthy working for “the man”, says chartered accountant Tom Corley, who recently spent five years […]

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