Recent Business Headlines

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at 08:16 on May 05, 2016, EDT.

Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend

WASHINGTON - Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings.

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at 08:17 on May 05, 2016, EDT.

Consumers didn't benefit from creation of fourth wireless carrier, says study

OTTAWA - Consumers were on the losing end of a gamble by the former Conservative government when it sought to create more competition in the wireless market by interfering in it, says a new report released Thursday.

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at 08:15 on May 05, 2016, EDT.

Western premiers to meet in Vancouver, Notley absent due to forest fires

VANCOUVER - A disastrous wildfire raging in northern Alberta has forced government leaders in western Canada to tweak their plans to meet in Vancouver later this week and has pushed emergency management towards the front of the meeting's agenda.

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at 08:07 on May 05, 2016, EDT.

Telus sells part of international unit for $600 million, reports lower profit

VANCOUVER - Telus Corp. has agreed to sell 35 per cent of its international call-centre and outsourcing subsidiary to an Asian private equity firm and expects to receive about $600 million in proceeds from the deal.

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at 08:05 on May 05, 2016, EDT.

National Bank expects oilpatch loan provisions will take bite out of Q2 profit

MONTREAL - National Bank of Canada expects to record $195 million of provisions for credit losses, providing a drag on its second-quarter earnings.

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at 07:57 on May 05, 2016, EDT.

Missed the tax deadline? Get to work and file as soon as you can, experts say

OTTAWA - The deadline to file your income tax return for most Canadians has come and gone.

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at 05:22 on May 05, 2016, EDT.

Low oil prices force CHC Group into bankruptcy protection

IRVING, Texas - CHC Group Ltd., the parent company of Vancouver-based CHC Helicopter, is the latest company to feel the squeeze from the downtown in oil prices.

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at 20:00 on May 04, 2016, EDT.

B.C.'s hourly minimum wage will rise to $11.25 by Sept. 2017

VICTORIA - British Columbia's minimum wage is set to increase twice over the next 17 months to $11.25 an hour, prompting concerns from business groups about covering the significant payroll hike.

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at 19:06 on May 04, 2016, EDT.

Carbon Tracker stress test shows oilsands a bad bet for global energy companies

CALGARY - A new study by the Carbon Tracker Initiative shows the world's biggest oil and gas companies can still make big profits in a carbon constrained world if they avoid high cost, high carbon projects like the oilsands.

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at 17:37 on May 04, 2016, EDT.

Rumer Willis: Digitally editing my jaw is a form of bullying

Rumer Willis says those who feel the need to digitally edit her photos in an effort to improve her looks are participating in a "form of bullying."

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at 17:33 on May 04, 2016, EDT.

Cost estimate of Los Angeles-area gas leak hits $665 million

LOS ANGELES, Calif. - The estimated cost of a massive gas well blowout that spewed methane uncontrollably for nearly four months and uprooted 8,000 Los Angeles families has more than doubled to $665 million, Sempra Energy announced Wednesday.

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Content Provided By Canadian Press.