OTTAWA - Steps by the Bank of Canada to prepare the country for an eventual interest rate hike are bumping up against an inflation rate that has eased up on the accelerator.
BlackBerry Ltd. fell the most in almost two-and-a-half years after its quarterly earnings report showed surprisingly weak revenue from software, marring what was otherwise shaping up to be a banner year.
There has been another billion-dollar bump in the projected cost of the Muskrat Falls hydro megaproject. The new estimate is $12.7 billion, including financing and other expenses, according to a briefing Friday by the CEO of Nalcor Energy, Stan Marshall.
TORONTO - CIBC closed its acquisition of Chicago-based PrivateBancorp on Friday, securing its foothold in the U.S. where CEO Victor Dodig said the bank hopes to one day generate a quarter of its earnings.