Business

Royal Bank of Canada says it has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee. Employee received 'preferential treatment' including promotion, better compensation RBC has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she …

A landowner is fighting to free itself from a contractual obligation to operate an unprofitable Barrhaven golf course forever. The legal battle over Cedarhill Golf and Country Club revolves around a subdivision agreement signed in 1980, which requires “the continued operation of a golf course on the property in perpetuity.” …

With the latest numbers showing that unemployment is up among youth, a sizeable share of the increase in Canada’s overall unemployment rate since April last year is due to new job seekers — young people and recent graduates like Nareshan — who are spending increasingly more time looking for work, …

Procter & Gamble is recalling more than 8 million bags of Tide, Gain, Ace and Ariel laundry detergent packets sold in the U.S. and Canada due to a defect in the products’ child-resistant packaging.  Canadian side of recall involves more than 56,700 bags of Tide, Gain products sold here. Procter …

After initially refusing, RBC is now one of several major financial institutions that will begin disclosing more information about climate-related investments under an agreement with pension funds led by the New York City comptroller.  RBC is one of several financial institutions to begin disclosing information about climate-related investments. Canada’s largest …

Disney’s streaming service will start cracking down on password-sharing in June, chief executive Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and profitability at the business.Canada already has some restrictions in place. Disney’s streaming service will start cracking down on password-sharing in June, chief …

Trans Mountain’s announcement that its expanded oil pipeline would start commercial operations on May 1 has surprised analysts with an earlier-than-expected commencement on the long-delayed $34 billion project.  Operation of expanded pipeline to B.C. coast to begin one month earlier than expected. Trans Mountain’s announcement that its expanded oil pipeline …

WASHINGTON, D.C.: The International Monetary Fund (IMF) confirmed on Thursday that its current managing director is the only candidate to lead the global financial institution once her first term expires later this year. With the period for submitting nominations closing one day earlier, “One candidate, the current Managing Director of …

Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years. The U.S. automaker had planned to start production at the plant, which employs 2,700 workers, in 2025 and is pushing that back to 2027.Spokesperson says layoffs will be associated with …

Since Pornhub was founded by Montreal university students in 2007, it has completely transformed how people make and access porn online. Now, the landscape of the adult industry is changing again, and this time, Pornhub is the site facing pressure to adapt.  Montreal-founded site that transformed online porn is now …