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Herbert Crockett called Cairo, Geneva and New Delhi home in his four decades as a human resources executive with the World Health Organization. The Prince Edward Island native invested closer to his roots in 2005.
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The Bank of Montreal, the country’s fourth-largest bank by assets, named Douglas Porter chief economist today, replacing Sherry Cooper who is retiring.
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Boston Pizza Royalties Income Fund and Sportscene Group Inc. are among companies ramping up advertising and offering discounts to win back National Hockey League fans after a 17-week lockout that cost Canadian companies as much as C$800 million ($812 million).
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Celtic Exploration Ltd. and Bank of Montreal are among companies driving Canadian stock-market swings to an eight-year low after the U.S. avoided the so-called fiscal cliff and Europe’s debt crisis subsided.
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Niyousha Kerr plans to drive two hours to Buffalo, New York from Toronto for Black Friday shopping at U.S. stores that will help drain C$5 billion ($5.01 billion) from Canadian retailers this holiday season.
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Canadian Finance Minister Jim Flaherty’s efforts to avert a housing bubble are hastening the end of a six-year streak of outperforming the U.S. economy.
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International investors frustrated with some of the lowest yields on record for U.S. housing bonds are turning to Canada for higher returns.
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Dalton McGuinty said yesterday he is stepping down as Ontario premier amid controversy over canceled power plants and an inability to implement budget cuts in his minority government.
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British Columbia’s prudent budgeting and better-than-expected fiscal results could help Canada’s third-most populous province eliminate its budget deficit ahead of schedule and spur a rally in its debt.
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Canada’s inflation rate in May was the slowest since June 2010 as energy costs declined, supporting the central bank’s projection for modest output and price gains.
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