The value of the Canadian dollar continues to drop, tumbling below the 80 cent threshold to its lowest level in almost six years. And may are predicting it could fall another five cents yet,.
CIBC is laying off more than 500 people, sources have told CTV News. The Toronto-based bank confirmed that it is reducing staff across the organization, but it did not specify the number of layoffs.
TORONTO, Jan 29 (Reuters) - Canada's main stock index was little changed in choppy trading on Thursday after a decline in energy shares was offset by gains in financials and most other major sectors.
CALGARY, Alberta� Canadian Oil Sands Ltd. said Thursday it would further slash its dividend and capital spending budget in response to the sharp drop in oil prices and a rising debt load.
Jones New York announced Thursday it will close all 127 retail stores in 2015, including 36 in Canada, adding to a growing list of retailers shuttering operations.