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Business News Summary Headlines

Company releases, economic news, and business coverage.

4 Stocks to Light Up Your Halloween

It looks like Americans are gearing up to make this Halloween more special than any witnessed in past few years. Spending during this year's Halloween is now expected to hit a record high, according to the National Retail Federation (NRF). This is backed by the recent improvements in the economy.

Retailers are set to benefit from this encouraging backdrop, without any doubt. Thus, selecting potential stocks from this space may prove to be a good investment proposition ahead of Halloween.

Tuesday, October 25, 2016 | 08:22 AM

Oil Stocks to Watch for Earnings on Oct 26: SU, MUR & More

We are entering the heart of the Q3 earnings season, with more than 170 S&P 500 members coming up with results this week.

Picture Emerging Thus Far

Tuesday, October 25, 2016 | 07:55 AM

Obama administration confirms double-digit premium hikes

WASHINGTON - Premiums will go up sharply next year under President Barack Obama's health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That's sure to stoke another "Obamacare" controversy days before a presidential election.

Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 per cent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.

Monday, October 24, 2016 | 07:51 PM

Figuring out actual benefits of federal spending could take years: Poloz

OTTAWA - The Bank of Canada governor says it could take years of sifting through data before economists will know the actual impact of today's federal spending measures aimed at boosting the weak economy.

Stephen Poloz made the comments Monday during testimony before the House of Commons finance committee.

Monday, October 24, 2016 | 07:04 PM

Freeland 'still hopeful' on Canada-EU trade; says 'ball is in Europe's court'

OTTAWA - International Trade Minister Chrystia Freeland came out swinging against her domestic political opponents Monday as she ratcheted up pressure on European lawmakers to twist the arm of the lone Belgian holdout blocking their free trade deal.

Freeland held firm to the government's political deadline of Thursday, when Canada and the European Union are scheduled to attend a summit in Brussels and formally sign the Comprehensive Economic and Trade Agreement, or CETA.

Monday, October 24, 2016 | 06:11 PM

Business Services Riding High on Core Strengths

Business services stocks have lately given strong performances, with players among the S&P 500 up more than the index both in the year-to-date and trailing 12-month periods. In this writeup, we highlight the sector's positives in order to appreciate its recent outperformance and give an outlook for the near future.

Labor Intensive: The sector, which offers intangible products, has immense employment opportunities as it requires both skilled and unskilled labor for its smooth functioning.

Monday, October 24, 2016 | 05:43 PM

Five things about Belgium's holdout Walloons and the Canada-EU free trade deal

OTTAWA - The 3.5-million French-speaking Walloons of Belgium are standing in the way of the seven years of negotiations that led to the wide-ranging free trade deal between the 35 million people of Canada and the 500 million living in the European Union. The Wallonia region has an effective veto over the deal because Belgium's constitution gives them that power over the country's national government.

Here are five things at the heart of Wallonia's discontent over the deal, known as CETA:

Monday, October 24, 2016 | 05:27 PM

Ex-wife of former Subway pitchman Jared Fogle sues company

NOBLESVILLE, Ind. - The ex-wife of former Subway pitchman Jared Fogle is suing the restaurant chain for damages, saying the company received at least three reports indicating his sexual interest in children but failed to take proper action and continued promoting him as its spokesman.

Katie McLaughlin said at a news conference Monday that she filed the lawsuit in Hamilton County Superior Court because she has questions about Subway's actions and inactions wants to someday have answers for her two children, who are now 3 and 5 years old.

Monday, October 24, 2016 | 05:19 PM

Iraq's comments on OPEC deal push crude prices lower; loonie, TSX down

TORONTO - Iraq's desire to be exempted from an OPEC production cut caused oil prices to dip Monday, pushing the Toronto stock market and the loonie to a lower close.

The oil-sensitive Canadian dollar dropped 0.34 of a U.S. cent to 74.70 cents US. It's lost 1.48 cents US since last Wednesday's close.

Monday, October 24, 2016 | 05:12 PM

Toronto lawyer Galati files constitutional challenge against EU trade deal

OTTAWA - The Toronto lawyer who successfully challenged the previous Conservative government over one of its Supreme Court judge nominees is setting his sights on a new target: Canada's free trade deal with the European Union.

Rocco Galati has filed a statement of claim in Federal Court arguing that the Comprehensive Economic and Trade Agreement, as the deal is known, is unconstitutional.

Monday, October 24, 2016 | 05:12 PM