Money

Toyota recalls 940 Prius hybrid cars in Canada for possible steering problems

TORONTO -- Toyota Canada says it's recalling about 940 first-generation Prius hybrid cars across the country for faulty steering caused by a nut that may come loose. The automaker says the recall...

Bank says it will raise rates if economy continues to expand as expected

OTTAWA -- The Bank of Canada has signalled that interest rates will likely rise later this year, as long as the still-fragile economic recovery continues to build. For the sixth straight announcement...

Fiat willing to buy Canada's Chrysler stock; Flaherty says it's still too soon

TORONTO -- Finance Minister Jim Flaherty and the CEO of Chrysler indicated Monday they may be moving toward a deal to sell Canadian and Ontario government shares in the recovering company to Italian...

Postal worker contract talks to continue up until late Thursday strike deadline

OTTAWA -- The union representing Canada Post's urban workers gave the Crown corporation an ultimatum Monday that it will go on strike this week if its final offer is rejected. Denis Lemelin, national...

Ottawa's fiscal books continue to improve, deficit lower than expected

OTTAWA -- The federal deficit for the year just finished will come in lower than the $40.5 billion predicted in March's budget, Ottawa says. Just how much lower won't be known for sure until the fall...

Blockbuster Canada clearance sale begins Friday; 146 stores set to close

TORONTO -- Clearance sales are underway at many of the Canadian Blockbuster Video stores that are closing their doors. The movie and video game rental chain will be shutting down 146 Canadian...

Economist's inadvertent email reveals a more pessimistic view from Mark Carney

OTTAWA - Bank of Canada Governor Mark Carney may be more pessimistic about the prospects for recovery in the U.S. and Europe than he lets on in public. A glimpse of the central banker's gloomier view...

Bieber third most powerful celebrity

Biebs rules from number 3 on Forbes’ list of the 100 most powerful celebrities in entertainment. Earning a cool $53 million between May 2010 and May 2011, the Stratford, Ontario native gives Lady...

Mixed reaction as Cdn banks and pension funds put in $3.6 billion bid for TMX Group

TORONTO-There was mixed reaction from the business community on Sunday to a home-grown multi-billion-dollar bid for the operator of the Toronto Stock Exchange that's being viewed as an attempt to...

Canada's economy creating more full time, and better paying jobs, says report

Employment growth is coming in the high-paying sectors -- and is outperforming the U.S., says CIBC study.