Only few Canadians to benefit from proposed ‘middle income’ tax cut

MANILA – Just how many Canadians will benefit from the middle-income tax cut proposed by the Liberals? In the proposed cut, Canadians with taxable annual income...

ING Bank economist eyes cut in BSP’s policy rates vis-a-vis the planned IRC

MANILA – The benign inflation environment gives the Bangko Sentral ng Pilipinas (BSP) the leeway to implement its planned interest rate corridor (IRC) in the second...

Bombardier presents vision for future following cash infusion from Quebec, Caisse

MONTREAL – Armed with US$2.5 billion in new financial support, Bombardier told institutional investors this morning that it has developed a five-year strategic plan to turn...

Toronto stock market edges lower, oil and gold up; U.S. market lower

TORONTO – The Toronto Stock Exchange took a step back despite rising prices for oil and gold. The S&P/TSX composite index fell 16.42 points to 13,365.96....

TransAlta Renewables garners $200 million investment from Alberta fund manager

CALGARY – A day after the Alberta government unveiled its plan to tackle climate change, Alberta’s pension fund manager is investing $200 million in green energy....

New York market posts triple digit gain, Toronto market edges higher

TORONTO – The Toronto Stock Exchange edged higher in late morning trading as U.S. markets posted a triple-digit gain. The S&P/TSX composite index was up a...

Southeast Asia’s corporate deals face a slowdown this year

Millar Western closes its lumber mill in Boyle, Alta., 91 workers to lose jobs

BOYLE, Alta. – Millar Western says it is closing its Boyle lumber mill in northern Alberta indefinitely. The Edmonton-based company says softwood market conditions make it...

Look for a financial adviser who will take a holistic approach: expert

TORONTO – Given the plethora of professional designations for financial advisers – a myriad of abbreviations covering everyone from planners to investment managers to experts on...

Filipinos 3rd lowest paid in APEC nations – WB data

MANILA – According to the World Bank data, Filipinos ranked as the third lowest paid among the 21 Asia-Pacific Economic Cooperation (APEC) member-economies while the Americans,...