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Cost of new Vancouver Art Gallery spikes from $400M to $600M, forcing redesign

Cost of new Vancouver Art Gallery spikes from $400M to $600M, forcing redesign

VANCOUVER — The Vancouver Art Gallery says the construction cost of its planned new home has jumped from an original estimate of $400 million to $600 million, forcing a redesign.
2 women charged in Lululemon shoplifting scheme in Minneapolis

2 women charged in Lululemon shoplifting scheme in Minneapolis

MINNEAPOLIS (AP) — Two Minnesota women are charged with organizing thefts of several thousand dollars' worth of merchandise from a Lululemon store in Minneapolis and then funneling the stolen goods through a suburban nail salon.
Ottawa posts federal deficit of $2.9B from April to June

Ottawa posts federal deficit of $2.9B from April to June

OTTAWA — The Finance Department says the federal deficit was $2.9 billion over the first three months of the fiscal year. The result compared with a $3.
Scotiabank closes first phase of investment in U.S. bank KeyCorp

Scotiabank closes first phase of investment in U.S. bank KeyCorp

TORONTO — Scotiabank says it has completed the first step in its investment in KeyCorp with the acquisition of a 4.9 per cent stake in the U.S. bank. The Canadian bank says it paid US$17.17 per share or about US$800 million for the stake.
Canadian rail union says it has filed lawsuits challenging back-to-work orders

Canadian rail union says it has filed lawsuits challenging back-to-work orders

The Teamsters union that represents workers at both of Canada's largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work and got the trains moving again, the union announced Friday.
Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time i
CWB reports Q3 profit down from year ago, provision for credit losses up

CWB reports Q3 profit down from year ago, provision for credit losses up

EDMONTON — CWB Financial Group reported its third-quarter profit fell compared with a year ago as it saw the amount it set aside for bad loans climb higher.
Laurentian Bank reports $34.1M Q3 profit, down from $49.3M a year ago

Laurentian Bank reports $34.1M Q3 profit, down from $49.3M a year ago

MONTREAL — Laurentian Bank of Canada says it earned $34.1 million in its third quarter, down from $49.3 million in the same quarter last year.
Ottawa's move to end rail shutdown prompts debate over workers' rights

Ottawa's move to end rail shutdown prompts debate over workers' rights

MONTREAL — Workers’ rights are once again under the microscope after last week’s massive railway work stoppage was abruptly halted when the federal government intervened less than 17 hours after the shutdown began.
Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time i