Business

Canada Post on Track for Profit in 2014

A Canada Post truck makes deliveries in Vancouver. The crown corporation is on track to make a profit in 2014 after a solid third quarter. (The Canadian Press/Jonathan Hayward)
A Canada Post truck makes deliveries in Vancouver. The crown corporation is on track to make a profit in 2014 after a solid third quarter. (The Canadian Press/Jonathan Hayward)

Despite more people still choosing email over snail mail, the Canada Post Group of Companies says it’s on track to earn a profit this year...


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  • NEW YORK (AP) — U.S. stocks are closing higher, keeping major indexes at record levels.

Retailers posted solid gains Monday ahead of the holiday shopping season. Coach rose 2.6 percent after analysts at Stifel said the company was on the right track to strengthen its brand.

Big phone company stocks fell. Verizon lost 1.4 percent and AT&T declined 1.6 percent.

The Standard & Poor's 500 index gained six points, or 0.3 percent, to 2,069.

The Dow Jones industrial average edged up seven points, less than 0.1 percent, to 17,817. The Nasdaq composite rose 41 points, or 0.9 percent, to 4,754.

The Dow and S&P 500 are at record highs.

Trading volume was light ahead of the Thanksgiving holiday Thursday.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.30 percent. (AP Photo/Richard Drew)

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  • In this Wednesday, Oct. 8, 2014 photo, a man walks to work on Wall Street, in New York. (AP Photo/Mark Lennihan)

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    US Stock Market Back Up to Record Highs

    U.S. stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor’s 500 index back into record territory. It was the second record-high... Read more

  • FILE - This Oct. 8, 2014 file photo shows a Wall Street address carved in the side of a building, in New York. U.S. financial markets were mixed in early trading Thursday, Nov. 20, 2014 as soft economic data out of China and Europe stoked concerns about a global slowdown. (AP Photo/Mark Lennihan, File)

    Wall Street Stock Indexes Edge Higher; Homebuilder Stocks Gain

    A pickup in U.S. home sales and figures showing a decline in weekly applications for unemployment benefits helped lift stocks in midday trading Thursday. Strong... Read more

  • A man uses a mobile phone in front of an electronic stock indicator of a securities firm in Tokyo, Thursday, Nov. 20, 2014. Asian stocks faltered Thursday as China's manufacturing weakened and the latest Fed minutes reminded investors that U.S. interest rates are likely to rise next year. Japan's Nikkei 225 closed at 17,300.86 Thursday. (AP Photo/Shizuo Kambayashi)

    Global Stocks Dragged Down by Weak China, Europe Data

    Global stock markets mostly fell Thursday following soft Chinese and European economic data and ahead of U.S. inflation figures. Keeping Score: In Europe, France’s CAC... Read more

  • A staff member counts money at a branch of the Bank of China in Lianyungang, Jiangsu Province of China. Increasingly, other currencies including the Canadian dollar will be taking the US dollar’s place in exchange for renminbi. (ChinaFotoPress/Getty Images)

    China’s Currency Gains Global Reach

    China is tirelessly working to promote the use of its currency, the renminbi, across the globe. It is making progress, even in North America.  Earlier... Read more

  • The Wall Street entrance of the New York Stock Exchange, Thursday, Oct. 2, 2014. World stock markets were lackluster Wednesday Nov. 19, 2014 as investors digested a fall in Chinese home prices and Japan's scramble to overcome its economic malaise. (AP Photo/Richard Drew)

    Wall Street Stocks Drop Ahead of Latest Fed News

    U.S. stock indexes inched lower in afternoon trading Wednesday, ahead of the release of minutes from the Federal Reserve’s most recent policy meeting. Investors hoped... Read more

  • Trader Sean Spain, center, works on the floor of the New York Stock Exchange, Tuesday, Nov. 18, 2014. Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor's 500 index. (AP Photo/Richard Drew)

    US Stock Index Notch Latest Records; Relief Over Japan

    Investors remained in a record-setting mood Tuesday, edging the Dow Jones industrial average and Standard & Poor’s 500 index to their latest all-time highs. Pharmaceutical... Read more

  • Traders gather at a post on the floor of the New York Stock Exchange, Tuesday, Nov. 18, 2014. Major US stocks opened higher on Tuesday, a day after the Standard & Poor's 500 index set its second record-high close in two days. (AP Photo/Richard Drew)

    US Stocks Get a Boost From Pharma Companies

    Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor’s... Read more

  • Specialists Michael O"Mara, left, and Michael Gagliano, work at their posts on the floor of the New York Stock Exchange Monday, Nov. 17, 2014. U.S. stocks are mostly lower in early trading following a sharp drop in Japan overnight. (AP Photo/Richard Drew)

    Wall Street Stocks Edge Lower Following Drop in Japan

    Japan’s slide into recession added to investors’ concerns over a slowing global economy, sending U.S. stocks slightly lower in midday trading Monday. The decline followed... Read more

  • FILE - This Oct. 8. 2014, file photo, shows a Wall Street address carved into the side of a building in New York. U.S. stocks are little changed, on Friday, Nov. 14, 2014, a day after the Dow Jones industrial average eked out another record high. Energy companies rose as the price of crude oil turned higher. (AP Photo/Mark Lennihan, File)

    Wall Street Stock Indexes Little Changed in Noon Trading

    NEW YORK—U.S. stocks wavered between small losses and gains on Friday, a day after the Dow Jones industrial average eked out another record high. Virgin... Read more

  • FILE - This May 11, 2007, file photo shows a Wall Street sign near the flag-draped facade of the New York Stock Exchange. Stocks are opening higher Thursday, Nov. 13, 2014, as traders welcome some more positive corporate earnings news. (AP Photo/Richard Drew, File)

    Wall Street Stock Trading Opens With Little Change

    NEW YORK—U.S. stocks are little changed a day after the Dow Jones industrial average eked out another record high. Virgin America rose 28 percent in... Read more

  • An Indian man looks at a digital display showing the rolling share price information on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, Thursday, Nov. 13, 2014. Global stocks were mostly higher Thursday after Japan reported a surprise rise in machinery orders as investors looked ahead to the latest U.S. employment and retail sales data. (AP Photo/Rajanish Kakade)

    Global Stocks Mostly Rise on Europe Growth Data

    LONDON—World stocks were mostly higher Friday after a report showed economic growth in the eurozone was slightly better than expected, though still sluggish by global... Read more

  • Specialist William Geer works at a post on the floor of the New York Stock Exchange on Oct. 16, 2014. (AP Photo/Richard Drew)

    Why Chinese Stocks Leave US Investors Vulnerable

    WASHINGTON—Something about the deal smelled fishy. China Marine Food Group Ltd., a Chinese company then on the New York Stock Exchange, spent $27 million in... Read more

  • Traders David O'Day (L) and Peter Tuchman (C) gather on the floor of the New York Stock Exchange on Oct. 31, 2014. US stocks ended October solidly higher, up 2.3 percent. The Dow Jones industrial average capped the rally by rising 195.10 points, or 1.1 percent, to end at 17,390.52 on Friday. (AP Photo/Richard Drew)

    US Stocks Close Higher as Dow Jones Hits Record

    NEW YORK—Stocks wavered between small gains and losses on Thursday to close little changed as traders weighed generally strong earnings reports against the falling fortunes... Read more

  • The new development will be called the “Renny” in recognition of the former Harlem landmark. (Rendering Courtesy: BRP Development Corporation)

    Harlem Renaissance Ballroom Site to Become Luxury Apartments

    The Renaissance Ballroom site in northern Harlem is going to become a mixed-use development with more than 130 residential units, 17,500 square feet of retail space,... Read more

  • The exterior of Biyu at The Colours of Emerald City, a 13-storey mid-rise building that will have suites ranging from 506 square feet to 1,265 square feet with nine-foot ceilings, laminate flooring in principal rooms, and a choice of broadloom in the bedrooms. (Emerald City Developments)

    Emerald City Brings Big Changes to Don Mills and Sheppard

    Barbara Lawlor has been thrilled to witness the birth of ELAD Canada’s Emerald City. “It’s incredibly exciting to watch a new community come alive,” says... Read more

  • Tom Cruise's Telluride, Colo., home is on the market for $59 million. (Courtesy of Sotheby's International Realty)

    Tom Cruise Lists Mountain Estate in Telluride, Colorado for $59 Million

    Tom Cruise is looking to sell his estate in the mountains outside Telluride, Colorado, for $59 million, because he doesn’t have time to use the... Read more

  • George Cope, president and CEO of Bell Canada, speaks to local business leaders in Ottawa on Nov. 12, 2014 (Epoch Times)

    Economic Outlook Bright for Innovation-Driven Ottawa

    OTTAWA—The economic outlook is bright in the nation’s capital. Local business leaders gathered at the Ottawa Convention Centre on Wednesday, Nov. 12, for an update... Read more

  • 10dollarapartment

    Man Rents Manhattan Apartment for $10 a Month (Video)

    A median apartment in the West Village usually fetches several thousands of dollar per month in rent, but one clever guy managed to sign a... Read more

  • Fall foliage colors are covered with heavy wet snow in the Berkshire Mountains as a person walks along a road in Williamstown, Mass., on Oct. 30, 2011. (AP Photo/Pat Wellenbach)

    Search for the Perfect Vacation Home Leads to the Discovery of a Hidden Jewel in Williamstown, Mass.

    Thirty-five years ago, Lillian Gilden and her family were intrigued by the idea of designing and building a second home. She started on a quest... Read more

  • Tillary Street in Downtown Brooklyn, New York City on May 27. (Brendon Fallon/Epoch Times)

    Online Rental Listings: Renting the Light of Dead Stars

    The great French novelist Andre Schwarz-Bart once wrote, “Our eyes register the light of dead stars.” He was referring, of course, to the fact that... Read more

  • Artist's rendering of The Residences of 488 University Avenue, a 55-storey mixed-use project at the northwest corner of University Ave. and Dundas St. West in Toronto. (Amexon Development Corporation)

    The Residences of 488 University Avenue Boasts Prime Location, Ample Amenities

    The success of The Residences of 488 University Avenue by Amexon Development Corporation has exceeded the expectations of Jason Shiff, executive sales manager for the... Read more

  • VOX Condos, a 35-storey glass tower at 28 Wellesley St. East, will be completed by 2017. (Cresford Developments)

    Toronto’s VOX Condos Sells out in Three Days

    It didn’t take long for purchasers to buy up all the available suites for sale at VOX Condos, a new 35-storey glass tower by Cresford... Read more

  • A model apartment on the the 58th floor of One57.

    Inside Extell’s One57

    Extell Development’s One57 has been somewhat of a trendsetter, marking the start of glassy, super-luxury  high-rises on 57th Street and beyond.  First the obvious units... Read more

  • The iconic 5th Avenue clock in the Flatiron District of Manhattan. (Benjamin Chasteen/The Epoch Times)

    Flatiron, Increasingly Residential, Comes Into View

    NEW YORK—Flatiron is the kind of neighborhood where, once you step into it, everything seems to slow down just a bit. “It’s easy,” says Rebecca... Read more

  • Background: United States Federal Reserve Bank building in Washington, DC. (Shutterstock*) Top right: Dr. David Wyss. (Courtesy of David Wyss)

    Professor David Wyss on US Economic Recovery, QE, Housing

    Dr. David Wyss believes the Fed is “hitting it as hard as they can,” but the half-speed economic recovery is not only due to the... Read more

  • Brett Immel, senior partner at Growth Equity Group, at the World MoneyShow in Toronto on Oct. 17, 2014. (Epoch Times)

    Getting Back to Basics in US Real Estate Investing

    TORONTO—Investing successfully in U.S. real estate is increasingly about fundamental principles rather than capitalizing on existing opportunities that existed as the nation slowly started emerging... Read more

  • A single family home in Toronto, one of the three cities, along with Calgary and Vancouver, that make it seem as though Canada's housing market is overvalued. (Epoch Times)

    Canada’s Housing ‘Dual Market’ Poses Difficult Policymaker Challenge

    Canada’s housing market has cooled off slightly from this summer, but regional disparities make one-size-fits-all approaches to controlling it difficult. The Canadian Real Estate Association... Read more

  • Roger Federer of Switzerland returns a shot during his final match against Gilles Simon of France during the day 8 of the Shanghai Rolex Masters at the Qi Zhong Tennis Centre, Shanghai, China on Oct 12.  (Zhong Zhi/Getty Images)

    Federer Wins the Shanghai Masters

    SHANGHAI—Tennis fans around the world witnessed some spectacular tennis at the ATP Shanghai Rolex Masters. Eighteen players from the world top 20 were in the... Read more

  • Chinese Premier Li Keqiang speaks at a news conference with German Chancellor Angela Merkel during German-Chinese government consultations on Oct. 10, 2014 in Berlin, Germany. Premier Li has reiterated the support of the Chinese authorities for “one country two systems” policy in Hong Kong. (Adam Berry/Getty Images)

    Chinese State-run Media Mum on China Premier Li Keqiang’s Views on Hong Kong Pro-Democracy Umbrella Movement

    While Chinese Premier Li Keqiang was on a three-day visit to Germany, he made a significant statement about the political situation in Hong Kong. Somehow... Read more

  • In2ition: (L-R) Liana Pronio, Director of Sales, Lysha DeFreitas, Director of Operations, Jackie Pezer-Lilic, Director of Design Services, Debbie Cosic, CEO & Founder, Vesna Sola, Director of Sales.

    In2ition: Powerful Women of Canadian Real Estate

    Real estate is an industry where Canadian women have carved out a strong presence. Traditionally, female consumers have made the final decision on home choice,... Read more

  • Women of Baker Real Estate: (L-R) Krista Jackson, Barbara Lawlor (President), Kathy Grant, Kimberly Crescini.

    Baker Real Estate: Successful Women in Toronto Real Estate

    Great leaders create a culture of success in their organizations. In Canada, many of our corporate leaders are men. What kind of environment do successful... Read more

  • To be a successful real estate investor, you need a clear idea of the right strategies and objectives that are appropriate for your situation. (Fotolia)

    Six Considerations Before Starting to Invest in Real Estate

    Before you dive headfirst into real estate investing, there are a number of things you need to think about. Real estate investing is not just... Read more

  • What if subprime mortgages made a comeback?

    The United States subprime mortgage crisis was an extraordinary event that coincided with the recession in 2007. The catastrophic results triggered a significant decline in... Read more


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