Category: Technology

CIBC to reveal plans to shuffle executives, cut 2,000 jobs when it reports earnings next week: report

CIBC to reveal plans to shuffle executives, cut 2,000 jobs when it reports earnings next week: report

Canadian Imperial Bank of Commerce is expected to make changes to its senior executive ranks and announce about 2,000 job cuts when it reports first-quarter earnings next week, the Globe and Mail reported on Friday.CIBC plans to move Christina Kramer, the head of personal and small-business banking, to a new role as head of technology……

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Trapped in a house they can barely afford, this Ontario couple needs to find ways to build up savings

Trapped in a house they can barely afford, this Ontario couple needs to find ways to build up savings

Situation: Middle-aged couple saddled with huge mortgage needs to accelerate pay down or enter retirement in debtSolution: Rent basement suite, raise savings and retire in the clearIn southern Ontario a couple we’ll call Brett, 48, and Ava, 46, have two children ages 15 and 12. Brett works for a large company in the electrical device……

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RBC hikes dividend after dealmaking division proves its worth again

RBC hikes dividend after dealmaking division proves its worth again

Canada’s biggest bank expects the federal government’s decision to tweak the floor of the mortgage stress test to have only a small effect on a housing market where a lack of supply remains a key issue.The Royal Bank of Canada’s head of personal and commercial banking Neil McLaughlin said Friday they see the announcement earlier……

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Canada’s shadow banks are now too big to ignore

Canada’s shadow banks are now too big to ignore

By Jeremy Kronick and Wendy WuIn Canada the financial services sector weathered the 2007-08 global “credit crunch” better than it did in many other developed countries. One argument for why, certainly in contrast to the U.S., was the smaller size of our “non-bank financial intermediation” (NBFI) sector, more commonly referred to as “shadow banking.” But……

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‘Critical’ propane shortage in Quebec forces companies to ration supplies

‘Critical’ propane shortage in Quebec forces companies to ration supplies

Propane shortages in Quebec sparked by rail blockades is forcing companies to ration supplies to hospitals, farms and buildings, according to local businesses. Jean-François Bergeron, general manager of Quebec City propane supplier Capital Propane, said the company is left with a seven-day propane supply, and it’s running out of solutions. “There are none, there are……

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Loblaw profit rises on booming e-commerce, but misses expectations

Loblaw profit rises on booming e-commerce, but misses expectations

An almost doubling in e-commerce revenue to more than $1 billion helped Loblaw Cos Ltd., the parent of Loblaws grocery chain and Shoppers Drug Mart, increase its 2019 profit over the previous year, but not enough to satisfy analysts.Stock in Canada’s largest retailer — with more than 1,050 grocery stores, 1,400 Shoppers Drug Mart and……

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Wilder v Fury II news conference: ‘I rehabilitated Fury’s career,’ says Wilder

Wilder v Fury II news conference: ‘I rehabilitated Fury’s career,’ says Wilder

Media playback is not supported on this device Watch Deontay Wilder and Tyson Fury face off in news conferenceWBC world heavyweight title: Deontay Wilder v Tyson FuryVenue: MGM Grand Garden Arena, Las Vegas Date: Saturday, 22 February Time: About 05:00 GMT on Sunday, 23 FebruaryCoverage: Live text commentary on the BBC Sport website, plus daily……

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CBS is planning an improved streaming service after squandering its head start with All Access

CBS is planning an improved streaming service after squandering its head start with All Access

ViacomCBS is launching a new streaming service that will hopefully do more for the recently merged company than the current form of CBS All Access has done in its six-year run. The new service will build upon CBS All Access (which costs $5.99 per month with ads or $9.99 a month without) by offering an……

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