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
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
After pulling ahead following the Great Recession, Canada is once again slipping in the economic rankings as other economies improve at a faster pace, according to a Conference Board of Canada report card. Canada is likely to get a high C grade for its performance in 2011, putting it in
One of the main benefits of RESP accounts is the federal Canadian Educational Savings Grant (CESG). This grant is 20% of any eligible contributions in an RESP account. How the RESP Grant System Works Let’s say you open an RESP account for your bouncing new baby and contribute $1,000 into
We often hear statistics about how men and women doing the same jobs aren’t paid the same. I’ve heard that women make anywhere from 60% to 90% of what men make. I don’t trust these figures because the people who quote them often have axes to grind, but I do
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
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.