94 m. ago Lenders in Canada Must Exceed Dealer Expectations to Drive Business Growth, J.D. Power Finds

Ford Credit (Captive Prime) and TD Auto Finance (Non-Captive) Rank Highest in Respective Segment TORONTO — As Canada’s automotive sector enters unknown territory amidst an evolving trade market, potentially increasing cost of borrowing and higher new-vehicle pricing, lenders face significant challenges and need to exceed dealers’ expectations to grow their business according to the J.D. […]

Economics

2 h. ago DoorDash agrees to acquire UK rival Deliveroo for $3.9 billion

LONDON (AP) — DoorDash, the ubiquitous U.S. food delivery app, has agreed to acquire British rival Deliveroo for 2.9 billion pounds ($3.9 billion) in cash, expanding its business in Europe, Asia and the Middle East. San Francisco-based DoorDash will pay 180 pence ($2.40) for each Deliveroo share, 29% more than the closing price on April […]

Economics

3 h. ago Hedge Fund Association in Talks to Aid Pooling of European Defense Loans

The world’s largest association for alternative investment managers has been lobbying policymakers in Europe to relax securitization rules, a move it says will make it easier to channel private credit into the region’s growing defense industry.

Economics

3 h. ago Credits To Shutter Asia’s Coal Plants Early Win Key New Backing

A novel form of carbon credits intended to channel more private capital toward the early phase out of coal-fired power plants has been endorsed by a key standards body.

Economics

4 h. ago Russia Mulls Tightening Budget Rule Over Slumping Oil Prices

Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the Kremlin expects crude prices will remain lower for longer while the war in Ukraine continues to drain state coffers.

Economics

4 h. ago European Gas Prices Rise on Concerns Over Global LNG Competition

European natural gas prices edged higher as some firms in Asia ramp up LNG purchases and seasonal maintenance tightens the market.

Economics

7 h. ago Striking $5 million Ontario mansion is a dream home if you love natural light

You'd be hard-pressed to find any potential home buyer (or window shopper, like me) who'd prefer fewer windows to more, but this Ontario home takes natural light to the next level.Located in the prestigious Mississauga enclave of Mineola, 267 Kenollie Avenue is a striking, custom-built gem on an 80 x 193 ft. lot, boasting around 7500 sq. ft. of living space and, as you may have gathered by now, a deluge of natural light from large windows around every corner.It's also located close to public and private schools, waterfront trails, Port Credit's vibrant shops and restaurants, and it is a short commute to downtown Toronto on the QEW or GO Transit. Not too shabby!The entrance of 267 Kenollie Avenue.The home's resort-inspired design is immediately evident in its variety of sleek, contemporary finishes from the moment you enter the home. Heat-engineered hardwood floors, a breathtaking floating staircase and 20 ft. ceilings are some of the first things you'll see u...

Economics

8 h. ago Asian shares are mostly higher after Wall St breaks its winning streak

Shares were mostly higher early Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak. Oil prices bounced back slightly from a 4-year low and U.S. stock futures slipped. A monthly survey measuring future activity in China’s services sector fell to its lowest level ever, excluding the pandemic, in a further […]

Other

10 h. ago New York Islanders win the NHL draft lottery, securing the No. 1 selection

New York Islanders pro scouting director Ken Morrow knows a thing or two about so-called hockey miracles. Witnessing the Islanders win the NHL draft lottery on Monday and vault nine other teams in the order for the right to have the No. 1 pick represented yet another memorable moment for the four-time Stanley Cup champion […]

Politics

11 h. ago Calgary Flames don't win NHL Draft Lottery, send 16th overall pick to Montreal Canadiens

That wasn’t exactly a huge surprise, given that they only had a 0.5 per cent chance of winning the NHL Draft Lottery

Events

12 h. ago Saskatchewan reports $31K in public money losses at Crown corporations

The Saskatchewan government is reporting roughly $31,000 in losses after officials allege three employees used corporate credit cards and tampered with invoices for personal gain.

Economics

12 h. ago Now officially a finalist, why Calgary Flames believe Dustin Wolf deserves to win Calder Trophy

Dustin Wolf, who backstopped the Flames to 29 victories this season, was saluted Monday as one of the NHL’s rookie-of-the-year nominees

Sport

13 h. ago AGL, Blackstone Argue Credit Industry and Economy Looking Strong

Credit markets are in good shape to handle any economic volatility or slowdown that may be coming, according to a panel of credit industry executives at the Milken Institute Global Conference, who struck a more sanguine tone than many other guests at the event.

Economics

15 h. ago Court appoints law firm to represent Hudson’s Bay workers, retirees

TORONTO — An Ontario judge has decided which law firm will represent employees in the Hudson’s Bay creditor protection case. An endorsement filed by judge Peter Osborne on Monday named Ursel Phillips Fellows Hopkinson LLP as representative counsel to the faltering department store’s more than 9,000 employees and 3,000 retirees. The decision puts an end […]

Society

15 h. ago NIKE, Inc. Announces Senior Leadership Changes to Accelerate Growth and Drive Win Now Action Plan

Amy Montagne Becomes President, Nike Phil McCartney Becomes EVP, Chief Innovation, Design & Product Officer Nicole Graham Becomes EVP, Chief Marketing Officer Tom Clarke Becomes Chief Growth Initiatives Officer Heidi O’Neill to Retire BEAVERTON, Ore. — NIKE, Inc. (NYSE:NKE) announced a series of strategic changes to its Senior Leadership Team (SLT), elevating experienced leaders to […]

Politics

17 h. ago Ontario to include expanded manufacturing tax credit in upcoming budget

The government says the changes would mean providing an additional $1.3 billion over three years

Economics

17 h. ago Ontario to include expanded manufacturing tax credit in budget

The budget is set to be tabled May 15

Economics

20 h. ago Rivian Deepens Illinois Ties With $120 Million EV Supplier Park

Rivian Automotive Inc. is investing $120 million in a new supplier park in Illinois, another win for Governor JB Pritzker after the company announced a $1.5 billion plan to expand its plant in the state.

Economics

21 h. ago Seven foreign policy challenges facing PM Mark Carney that aren’t about Donald Trump

From the Middle East and expanding trade, to reconciliation in Asia, Mark Carney faces more foreign policy puzzles than just Donald Trump

Events

21 h. ago When Carney meets Trump: Here’s what to expect from Tuesday’s high stakes White House encounter

Both leaders have indicated that trade and security will be the key issues on the agenda

Transport