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Canadian dollar drops below 80 cents US

Canadian dollar drops below 80 cents US

The Canadian dollar tumbled below the 80-cent mark today as oil plumbed new depths. The loonie, as the country’s dollar coin is known, hit a low point of 79.80 cents U.S., its lowest point over the past year, having been as high as 80.71 cents earlier in the day. Read More »

Tim Hortons Inc confirms rumours of job cuts

Tim Hortons Inc confirms rumours of job cuts

Tim Hortons is laying off an unspecified number of employees at its headquarters in Ontario. The Oakville-based donut-and-coffee chain declined to say how many positions were affected, but that the cuts were made as part of a reorganization following the takeover by Burger King. Read More »