Business

Prime Minister Justin Trudeau said today the federal government will do what it can to help laid-off GM workers in Oshawa “get back on their feet,” while federal Innovation Minister Navdeep Bains said Ottawa stands ready to assist those workers any way it can. But both federal and provincial governments are signalling there’s little they can do now to save a key ...

The YES Bank stock closed lower in trade today after Moody’s Investors Service downgraded the private lender’s ratings and changed the outlook for the bank to negative. The large cap stock closed 2.55% lower at 183.15 compared to its previous close of 187.95. The stock has been losing for the last three days and has fallen 6.06% during the period. The stock ...

The BSE benchmark Sensex rose for the second day, gaining over 159 points on hectic buying in banking and IT stocks as easing concerns on the macro-economic front bolstered investors’ risk appetite. The broader NSE Nifty too witnessed a rise of 57 points. Market sentiments were boosted by a host of positive factors including stable rupee, falling crude oil prices, ...

Technology has greatly changed the way we do business. From clunky cash registers, price stickers, bulky desktop computers and mobile phones, we have come a long way to POS systems, bar codes and tablets/laptops and smart phones. Micro and small businesses are increasingly realising that the right technology can vastly improve the systems and processes and make their business faster, efficient and ...

India recorded the highest average real wage growth in South Asia during 2008-17, according to a report by the International Labour Organisation (ILO). Reflecting more rapid economic growth than in other regions, workers in Asia and the Pacific have enjoyed the highest real wage growth among all regions over the period 2006-17, with countries such as China, India, Thailand and ...

If you are a customer of State Bank of India (SBI) you will not be able to access your bank account via internet banking if you do not link your phone number with your bank account by November 30. After this date, net banking services will be blocked. “As per RBI advisory, it is mandatory to register your mobile number ...

Moody’s Investors Service on Tuesday downgraded Yes Bank’s ratings to non-investment grade and changed outlook to negative from stable on the back of various resignations from the Board. The resignations, when seen in conjunction with RBI’s September directive to restrict the term of the bank’s MD&CEO Rana Kapoor, till January 31, 2019, have raised concerns over corporate governance, it said. ...

In the sword-and-dragon fantasy Game of Thrones that has captured a huge following of readers and television viewers, characters periodically share the ominous warning, “Winter is coming.” As oil plunges to new lows, as General Motors announces plant closures and job cuts, as the U.S.-China trade war threatens global commerce, as interest rates rise, as Canadian house prices teeter and climate change menaces the world, the North American economy ...

Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash, confirming the airline as sole owner and bringing closure to credit card customers wondering how long their points would have value. Under the deal, Air Canada will also assume $1.9 billion of Aeroplan miles liability in a definitive agreement that follows the announcement in August ...

A group of Second Cup Ltd. franchisees is suing the struggling Canadian coffee chain, alleging the company’s actions have been detrimental to them. The current and past franchisees outline a long list of complaints against their franchisor in a lawsuit filed earlier this month in the Superior Court of Quebec. None of the allegations has been proven in court, and ...