New pedals will be installed by dealers on a rolling basis beginning in April, and some vehicles will have brake override systems installed as a precaution. Toyota announced the massive recall in late September and told owners to remove the...
Canadians are becoming more pessimistic over the strength of the economic recovery and what it will mean for their finances and job security, a new consumer confidence survey shows. The monthly Conference Board of Canada survey shows even as economists...
Victoria :: Canada
| updated Thu Nov 26 05:20:00 -0800 2009
| business-news
Ombudsman has revealed in a scathing report that finds the Victorian Government is failing to protect children. The long-awaited report by Ombudsman George Brouwer has uncovered cases in which the Department of Human Services took a dangerously long time to...
Wednesday after the company posted a worse-than-expected third-quarter loss. The consumer electronics and home appliances retailer saw a loss of $15.3 million, or 68 cents a share, compared to the year-ago quarter, which saw a loss of $7.7 million, or...
Toronto :: Canada
| updated Thu Nov 26 14:08:20 -0800 2009
| business-news
With competitive headwinds in the telecommunications sector gathering force, reports surfaced Thursday that Rogers, the largest cellphone provider in the country, was reducing its workforce by about three per cent. "We've mostly completed the reorganization that we announced back in...
Montreal :: Canada
| updated Wed Nov 25 15:04:53 -0800 2009
| business-news
Federal mediators have called a meeting Friday with Canadian National Railway (TSX:CNR) and the union representing locomotive engineers to avert a strike that could begin as early as Saturday. CN said it would attend the noon session in Montreal, however...
The days of bargain home ownership may soon be over in Canada. Mortgage rates are edging higher, there are fewer homes to choose from, and prices are rebounding from their recession lows. At the same time, the cost of maintaining...
Toronto :: Canada
| updated Tue Nov 24 20:54:27 -0800 2009
| business-news
Another piece of the former Nortel Networks Corp. empire hit the auction block Tuesday as the Global System for Mobile (GSM) business was offered to interested bidders. The delayed auction got underway Tuesday morning, but a winner had yet to...
Toronto :: Canada
| updated Wed Nov 25 06:38:45 -0800 2009
| business-news
A Canadian unit of defense contractor General Dynamics Corp. has won a $2.2 billion contract from the U.S...General Dynamics Land Systems-Canada says the vehicles are intended for the Army's foreign military sale program...The LAV II vehicles being provided are 300...
Montreal :: Canada
| updated Tue Nov 24 17:01:03 -0800 2009
| business-news
S ticking with this theme of what’s good for Bank of Montreal shareholders is bad for its financiers, Credit Suisse bumped up its forecasts for the company on Tuesday in part due to expectations that bonus cheques are shrinking. Bank...
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