Featured Investing

Rolls-Royce Investing $225M to Develop Turbines

Rolls-Royce Canada is investing $225 million, including a $30-million loan from the Quebec government, to develop new technologies for its industrial power generation turbines. The research and development funding over five years will focus on improving existing turbines and possibly developing new products used by the oil and gas and power industries. The Montreal-based division […]

Bankruptcies in Canada
Featured

Bankruptcies Down in 2010

The total number of Canadian businesses and individuals claiming bankruptcy dropped 11.5 per cent in 2010 compared to the previous year, new data released Friday shows. The Office of the Superintendent Of Bankruptcy Canada said consumer insolvencies were 11 per cent lower last year over 2009, while commercial insolvencies declined by 22.3 per cent. The […]

News

Canada Post, CBC Get Failing Grades

A federal watchdog has handed Canada Post and the CBC failing grades for dragging their feet on answering information requests from the public. Information Commissioner Suzanne Legault branded the post office with red-alert status Thursday for refusing to respond to many requests filed under the Access to Information Act. Canada’s public broadcaster fared only slightly […]

News

Couples Huge Bills Unexplained by Bell

A couple from Merritt, B.C., have been battling Bell Canada for months over enormous bills — which they call outrageous and unwarranted — for thousands of dollars in unexplained data charges on their smartphone. “They basically made us scared of our phone,” said Daniel Methot. “We just stopped using it. We shut it off,” added […]