CityNews: Recent Money News

Auction of Canadian art at Sotheby's yields $3.5 M

2012-05-24T23:38:19.00-04:00

Robert Todd's landscape of Montmorency Falls, Que., set a record for the artist, earning $439,500 after several minutes of heated bidding.

13% of Canadians aged 15 to 29 out of school and unemployed: StatsCan

2012-05-23T20:54:20.00-04:00

The study found that 13 per cent of the 6.8 million Canadians in the age bracket were not in education, employment or training — a measurement known as NEET.

Facebook shares bounce back slightly after dismal debut

2012-05-23T10:51:09.00-04:00

The stock, originally priced at $38 US, is trading at $32.

Facebook closes at $34, below IPO price

2012-05-22T07:14:59.00-04:00

“The first two rounds did not go as most had expected,” 680News business editor Richard Southern said.

Facebook shares begin trading on Nasdaq

2012-05-18T11:24:08.00-04:00

As expected, the stock traded higher than the company's initial pricing of $38 US a share, opening at $42.05.

Inflation edges up to 2% in April: StatsCan

2012-05-18T08:49:34.00-04:00

Statistics Canada says the cost of gasoline, usually an inflation driver, has become a non-factor.

Like! U2's Bono becomes richest rock star with Facebook IPO

2012-05-18T07:41:41.00-04:00

His investment firm's 2.3% stake is worth $2.5 billion as website goes public

Facebook prices IPO at $38 a share

2012-05-17T16:37:22.00-04:00

The company, which will be valued at $100 billion, will begin trading under the ticker symbol FB.

Cross-border shopping costs greater than believed: report

2012-05-17T14:23:40.00-04:00

BMO says the cross-border shopping phenomenon appears to be intensifying.

Gas prices predicted to stabilize or drop over summer

2012-05-17T09:38:26.00-04:00

Economic chaos in Europe is one reason behind the lower prices this summer.

Thompson painting sells for $126.5K at Vancouver auction

2012-05-17T09:28:55.00-04:00

A landscape believed to be by Tom Thompson — sold Wednesday night for $126,500, which is half the estimated price.

Sears Canada's U.S. parent to reduce holdings in company

2012-05-17T08:28:14.00-04:00

The parent firm said it may choose to sell or distribute to investors any portion of its remaining stake in Sears Canada.

Canada urged to ease demands on its resources: WWF

2012-05-16T10:45:24.00-04:00

The Living Planet Report says Canada has the eighth largest ecological footprint per person in the world.

Canadians confident in their job security, but less satisfied: survey

2012-05-14T16:05:11.00-04:00

Four in 10 say they believe their employer is using the bad economy as an excuse to deny them a promotion or more money.

To keep or sell property in Greece: a personal dilemma for some Canadians

2012-05-12T07:36:22.00-04:00

A Greek law stipulates that unattended properties can eventually be claimed by trespassers if enough time has passed.

Canadian economy added 58,200 jobs in April

2012-05-11T09:28:27.00-04:00

Still, the unemployment rate edged up one-tenth of a point to 7.3 per cent.

Women control family purse strings no matter who the breadwinner is: BMO

2012-05-10T14:58:43.00-04:00

However, women tend to be less prepared for retirement.

Canadian credit card system of fees 'perverse': Competition Bureau

2012-05-09T08:07:13.00-04:00

Canadian merchants pay among the highest fees in the world for accepting credit cards.

Toyota’s new electric SUV to be built in Woodstock

2012-05-08T10:37:08.00-04:00

The RAV4 EV was unveiled Monday at the Electric Vehicle Symposium in Los Angeles.

Air Canada sued for $20M after groggy pilot sends jet plunging

2012-05-07T16:07:42.00-04:00

Passengers launched a class-action suit against Air Canada on Monday.

Building permits rise again in March: StatsCan

2012-05-07T11:22:50.00-04:00

With home-building waning, non-residential permits hold up construction

Economy showing signs of braking from strong start

2012-05-07T05:24:02.00-04:00

Lower-than-expected American job numbers and economic turmoil in Europe could stall growth in Canada.

No winner for Friday's $50M Lotto Max jackpot

2012-05-05T07:23:21.00-04:00

One of the two MaxMillions prizes was won by a ticketholder in British Columbia.

Last penny will be made Friday

2012-05-04T05:23:20.00-04:00

Finance Minister Jim Flaherty will be there when the last copper piece rolls off the line in Winnipeg.

RIM shares at lowest level since 2003

2012-05-03T21:08:41.00-04:00

RIM stock fell 72 cents, or 5.7 per cent, to close at $11.91 on the Toronto Stock Exchange.

Citytv expanding into Quebec & Western Canada

2012-05-03T12:04:53.00-04:00

Rogers Media inks deal to buy Métro14 Montréal; signs affiliate deals with three stations in B.C. & Alberta.

New $20 polymer notes unveiled

2012-05-02T13:24:13.00-04:00

The Bank of Canada unveiled the new $20 polymer bank notes on Wednesday.

$8M Toronto waterfront home for sale

2012-05-02T11:58:28.00-04:00

The 7,000-square-foot home at 412 Lake Front, about a 25-minute drive from downtown.

RIM unveils BlackBerry 10 OS prototype

2012-05-01T14:00:44.00-04:00

The widely anticipated unveiling at its annual BlackBerry World conference in Orlando centered on some awe-inspiring technological developments.

Banks received billions in support during 2008-09 crisis, report says

2012-04-30T15:48:56.00-04:00

The banks also sold a total of some $69 billion worth of insured mortgage-backed securities to the government, the report estimated.