Newspaper article The Canadian Press

Business News as of 5 P.M. ET

Newspaper article The Canadian Press

Business News as of 5 P.M. ET

Article excerpt

Business News as of 5 p.m. ET


WEDNESDAY, DEC. 31, 2014, 5 p.m. ET


Here are the top Business News stories from The Canadian Press as of 5 p.m. All times Eastern unless otherwise stated. Coverage plans are included when available. Entries are subject to change as news develops.

Queries should be addressed to the business desk at 416-507-2138. To reach CP Business by email, send messages to



Former Tims CEO named Business Newsmaker


TORONTO -- Debate over the marriage of doughnuts and burgers unfolded in Canadian coffee shops and the corridors of power in Washington, as seemingly everyone had something to say about the pairing of Tim Hortons and Burger King in 2014. The US$11-billion deal helped Tim Hortons' former chief executive Marc Caira secure the title of The Canadian Press Business Newsmaker of the Year for 2014, in an annual survey of editors and broadcasters. PHOTO. Moves Business and National, guard against duplication.



TORONTO -- With a pair of new streaming video services from the country's big telecom companies vying for the Netflix audience, and a slate of camera angles being championed by Rogers in its NHL game coverage, changes in Canadian viewing habits have certainly shifted in 2014. But experts say audiences shouldn't get too excited, as we're still years away from a major sea change in how we watch TV.


Solvency of Canadian DB plans drops in 2014


TORONTO -- A decrease in long-term interest rates has left Canadian defined benefit pension plans worse off this year, consulting firm Aon Hewitt says. The company, citing a survey of 449 plans it administers in the public, semi-public and private sectors, said Wednesday the drop in rates more than offset investment returns.


Applications for US jobless aid rise, but growth looks solid


WASHINGTON -- More Americans sought unemployment benefits last week, but the number of applications continues to be at historically low levels that suggest solid economic growth will continue. …

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