SVB Financial Group said on Tuesday the U.S. Federal Deposit Insurance Corporation (FDIC) had taken "improper actions" to cut it off from cash held at its former subsidiary Silicon Valley Bank, which was seized by regulators to stem...
Despite mounting pressure from Canadians who want their money to stop supporting oil and gas, the majority of the country's largest pension fund managers continue to invest in that sector — and are led by individuals with close...
Microsoft Corp. on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival Google with upgrades to its own widely used office software.The...
Canadian Tire Corp. has rolled out a new fee-based subscription tier as part of its Triangle Rewards loyalty program.The retailer said Monday the subscription, which will cost $89 a year plus taxes, is an upgrade to its existing...
Swiss bank UBS is acquiring smaller rival Credit Suisse for $3 billion Swiss francs ($4.4 billion Cdn). Swiss President Alain Berset announced the deal on Sunday night. He called the announcement "one of great breadth for the stability of international finance....
A Calgary geothermal company, Eavor Technologies Inc., has been awarded a grant from the European Innovation Fund (EIF) in support of the Canadian firm's geothermal project in Germany.The grant is worth €91.6-million, which is about $135 million Cdn.The...
Flair Airlines says passengers were impacted after four of its leased aircraft were seized in Toronto, Edmonton and Waterloo, Ont., in what the company is calling a commercial dispute.Flair issued a statement on Saturday calling the move by a...
The Federal Reserve is set to announce its latest interest rate policy Wednesday, a decision that is a much more in doubt than it was barely a month ago due to the smouldering crisis in the U.S. banking system.Most economists who watch...
The Ontario government has announced Volkswagen's first electric vehicle (EV) battery manufacturing plant will be built in St. Thomas, on Talbot Line near Yarmouth Centre Road, close to the city's airport. The announcement, released Monday by the office of Vic Fedeli, the province's...
Bargain hunters are one step closer to seeing sales at Nordstrom's closing Canadian locations.At a hearing at Osgoode Hall in Toronto on Monday, the Ontario Superior Court of Justice gave the U.S. retailer's Canadian branch permission to start...
