Finance

From festivals in Florida to touring Dracula’s digs in Romania, we round up the best destinations to visit this October. As summer abandons Europe again this October, eke out the last of the rays and raves in Ibiza, where nightclubs will be going out with a bang for the winter break. When the party finally stops head to the island’s north.

FAIR Canada hands back $2.4 million to Jarislowsky Foundation

The Foundation for the Advance of Investor Rights (FAIR Canada), which advocates on behalf of retail investors, has returned $2.4 million to the Jarislowsky Foundation after failing to secure matching funds for its mission.In a news release Friday, FAIR Canada said it had been seeking to fulfill a 200 per cent matching condition set by…

Hockey brand CCM’s plan to grind it out in uncertain economic times

Rick Blackshaw, chief executive of Sport Maska Inc., the company better known as CCM Hockey, is unmoved by all the recession talk.You would be too if you had a captive market and Sidney Crosby, Connor McDavid, and Alexander Ovechkin — the three biggest stars in the sport — all wore your gear.“If you went back…

How the election result could clip the wings of Canada’s high-flying loonie

Canada’s dollar is the best-performing major currency this year and the nation’s stocks are going strong. But now isn’t the time for investors to rest on their laurels. The upcoming federal election is the next big event to test the market’s resilience.With less than a week left to the Oct. 21 vote, Liberal Party Prime…

Gildan Activewear plummets after profit warning, drop in printwear sales

Shares in casual clothing maker Gildan Activewear Inc., the owner of the American Apparel brand, plummeted by a third on Friday after the company said third-quarter sales dropped and that it will likely take a US$100 million hit on sales this year.The Montreal-based company’s stock slid to as low as US$23.45, its biggest intraday drop…

Boeing internal messages from 2016 suggest employees may have misled FAA on 737 Max:...

WASHINGTON — Boeing Co. turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 Max, according to documents seen by Reuters.The messages, first reported by Reuters on Friday, prompted FAA Administrator Steve Dickson to demand…

Oracle Co-CEO Mark Hurd passes away

Mark Hurd, who was chief executive officer of three major technology companies including Oracle Corp., has died. He was 62.Most recently Hurd was co-CEO at Oracle with Safra Catz where he focused on sales, marketing and press and investor relations, while she ran finances and legal matters. Oracle announced on Sept. 11 that Hurd had…

Watch Innovation Nation live Oct. 23: What does Canada need to succeed in the...

Join Innovation Nation this Wednesday, Oct. 23 live from Edmonton when it tackles the thorny issue of what Canada needs to succeed in the manufacturing industry. In an exclusive conversation with the FP’s Kevin Carmichael, Tony Chahine, chief executive of Myant Inc, gives his perspective as a leader in disruptive technology. Chahine’s Toronto-based company integrates…

Airfares soared more than 10% this summer, but relief may be on the horizon

Plane tickets were even pricier than usual this summer, the busiest season for air travel, amid high demand and a global capacity crunch caused by the grounding of the Boeing 737 Max fleet and a spate of airline bankruptcies.Now analysts are questioning whether high demand will be enough to sustain elevated prices and yields once…

Nutrien and other rivals get nervous as BHP Billiton eyes $17-billion potash project in...

Chuck Magro, chief executive of Saskatoon-based Nutrien Ltd., remained quiet on Thursday after the Australian-based mining giant BHP Billiton Ltd. disclosed its latest plans to build a giant potash mine in his company’s backyard.BHP announced it would commit an additional US$345 million, on top of roughly $3 billion already spent, to de-risk Jansen, a proposed…

The most-anticipated recession in history is coming, and it’s tying investors in knots

I’ve been doing a lot of client reviews lately and the ‘R’ word has come up in every one. I’m referring to the next recession.Sometimes it is framed as a question, but often it’s delivered as a statement of fact — i.e. we’re heading into recession. I’m sympathetic to both because the current cycle has…

Latest news