Canada's Penn West Petroleum Ltd cut its 2015 capital budget and said it would suspend its dividend and reduce its work force by 35 per cent, helping it save about $140-million as it copes with the slump in crude oil prices.
TORONTO - PayPal is introducing a new interpersonal payment service in Canada that it says will make IOUs a thing of the past. Users who sign up for PayPal.
TORONTO - Canadians on average are socking away more money for potential financial emergencies than in the past, but a new survey has found that almost a quarter are still living paycheque to paycheque.
OTTAWA - Canada's current account deficit narrowed slightly in the second quarter of 2015 to $17.4 billion on more favourable trade in goods and services, Statistics Canada said on Monday.
TORONTO - A former clerk at the Rouge Valley Hospital in the Greater Toronto Area has pled guilty to copying the personal data of maternity patients and selling them to Registered Education Savings Plan (RESP) representatives.