Economy

UBS may reach a LIBOR settlement deal

Swiss bank UBS may be near a Libor-related settlement with U.S. and U.K. regulators. Over its alleged role in the tampering of global interest rates, Switzerland’s biggest lender could be paying more than $466 million in penalties, says a Washington Post report. Citing an unnamed source close to the matter, the report says “an announcement […]

By Staff |December 3, 2012

1 min read

Canadians expect year-end bonus

Canada’s economic recovery is tenuous and its job market tough, but that’s no reason for Canadians to give up hope for their year-end bonuses.

By Staff |December 3, 2012

2 min read

Canada’s cooling housing market not all bad

A cooling in Canadian house prices may not be all bad news for the country’s economy as cheaper real estate may free up retail spending power for first-time homebuyers, finds CIBC World Markets. While the slowing in Canadian home sales will take a bite out of domestic economic growth by reducing new housing starts and […]

By Staff |December 3, 2012

2 min read

Top 20 wealthiest Canadians

While Canadian Business' Rich 100 list doesn’t change often, the movement that does occur can be dramatic.

December 3, 2012

1 min read