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BoC deputy: pandemic means central banks must 'move faster' on digital currency plans

BoC deputy: pandemic means central banks must 'move faster' on digital currency plans

OTTAWA — Pandemic-related shifts in how people shop, sending more people into cyberspace than a physical space, means central banks must speed up work on creating their own digital currencies, says a top Bank of Canada official.
UK's COVID-19 strategy unraveling as regions choose own path

UK's COVID-19 strategy unraveling as regions choose own path

LONDON — British Prime Minister Boris Johnson’s new strategy for combating COVID-19 seemed to unravel Wednesday as regional leaders chose their own paths and the mayors of the cities facing the toughest restrictions accused Johnson of using the crisi
Landlords sue Hudson's Bay for unpaid rent, retailer says malls aren't 'first class'

Landlords sue Hudson's Bay for unpaid rent, retailer says malls aren't 'first class'

Two Hudson's Bay Co. landlords are suing the retailer for unpaid rent, alleging the iconic department store that anchors shopping malls across Canada hasn't paid its bills at multiple locations since April.
Pilgrim's Pride reaches plea deal on chicken price-fixing

Pilgrim's Pride reaches plea deal on chicken price-fixing

Pilgrim’s Pride Corp. has reached a plea agreement with the U.S. government over charges of price-fixing in the chicken industry. Under the agreement, Pilgrim’s Pride would pay a fine of $110.
Bank of America profit falls 15.6% in third quarter

Bank of America profit falls 15.6% in third quarter

CHARLOTTE, N.C. — Consumer banking giant Bank of America says third-quarter profit declined 15.6% from a year earlier, but saw less need to put aside money to cover potentially bad loans, citing improvements in the U.S. economy.
Wells Fargo posts $2 billion profit in 3Q, reversing 2Q loss

Wells Fargo posts $2 billion profit in 3Q, reversing 2Q loss

SILVER SPRING, Md.

Goldman Sachs profits nearly doubles, helped by trading

CHARLOTTE, N.C. — Goldman Sachs said Wednesday that its profits jumped sharply in the third quarter, helped by a strong performance by its trading desks and less need to set aside funds to cover potentially bad loans.
Walmart to spread out deals to avoid Black Friday crowds

Walmart to spread out deals to avoid Black Friday crowds

NEW YORK — Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic.

Veteran Cathedral Energy Services CEO announces plan to retire in April

CALGARY — Cathedral Energy Services Ltd. says veteran CEO Scott MacFarlane plans to retire from the Calgary-based directional and horizontal drilling company in April.
Wealthsimple raises $114 million in latest round as valuation hits $1.4 billion

Wealthsimple raises $114 million in latest round as valuation hits $1.4 billion

TORONTO — Online investment firm Wealthsimple Technologies Inc. has reached unicorn status after raising $114 million from a group of investors led by U.S. venture capital firm TCV. The deal announced Wednesday values the Toronto-based company at $1.