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Sears to stay in business after Eddie Lampert’s hedge fund wins bankruptcy auction

An empty shopping cart sits outside a Sears store in the Streets of Southglenn mall in Littleton, Colo.David Zalubowski/AP Photo file

Goldman says rich people will drag down the U.S. economy this year

The share of personal consumption expenditures spent on jewelry is "highly correlated with moves in the stock market," Goldman Sachs economist wrote in a...

RBC cuts 5-year fixed mortgage rate, other banks expected to follow

After a fall in five-year bond yields, RBC cut its advertised five-year fixed mortgage rate.Nathan Denette / THE CANADIAN PRESS

Children’s clothing retailer Gymboree files for bankruptcy again, will close 800 stores

Gymboree's bankruptcy filing is the second in two years.David Paul Morris/Bloomberg Children’s clothing retailer Gymboree Group Inc filed for...

Feud with Canada is damaging China’s reputation in the world, ambassador warns

Canada's ambassador to China John McCallum told reporters Wednesday that China's prosecutions of Canadian nationals risked undermining their own interests among the world's business...

Forget about getting fresh trade data — the U.S. shutdown is now hitting Canada

Statistics Canada said Thursday trade data likely won't be published until after the U.S. Census Bureau resumes normal operations.Postmedia

Sears saved by chairman’s $5.2 billion bid, last-minute reprieve for up to 45,000 workers

Sears Holdings Corp chairman Eddie Lampert won the bankruptcy auction with an improved takeover bid of US$5.2 billion, allowing the 126-year-old retailer to keep...

These Instacart workers want you to leave them a 22-cent tip after payment changes...

Some Instacart workers say they have seen "dramatic cuts” in their paycheques, with some now making a third less than before.Courtesy Instacart

It’s time for the U.S. to loosen its grip on the World Bank

Jim Yong Kim’s surprise resignation as president of the World Bank is effective Feb. 1.Andy Wong/AP Photo files As...

Top-performing hedge fund is shorting Canadian banks on all the usual suspects — and...

"Canadian banks will be left holding the bag and the ones to suffer from what is likely to be a major economic recession," Tavi...

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Innovation Nation: AI godfathers gave Canada an early edge — but...

Geoffrey Hinton, a Google fellow and professor emeritus of computer science at the University of Toronto; computer Science professor Yoshua Bengio; and director of...

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