Money

TransCanada Corporation has entered into an agreement to sell its remaining 30 per cent interest in Bison Pipeline LLC (Bison) to its master limited partnership, TC PipeLines, LP (the Partnership) for cash proceeds of US$215 million. The sale is expected to close on October 1, 2014.

An Ontario coffee roaster and grinder is suing U.S. coffee goliath Keurig for anti-competitive behaviour, claiming it is keeping the price of single-serve coffee pods artificially high for consumers. Club Coffee’s $600-million lawsuit against coffee supplier and equipment maker Keurig Green Mountain alleges the U.S. chain is flouting the rules to maintain a near monopoly and keep single-serve coffee prices …

Macy’s to increase holiday hiring this year by 4% Macy’s Inc. plans to hire 86,000 employees nationwide for its Macy’s and Bloomingdale’s stores this holiday season.

The CRTC has told Netflix and Google that it will ignore their submissions at hearings into the future of television in Canada after the companies refused to supply data backing their claims.

In a sign of the fragile, crowded retail landscape, a cross-country discount chain has succumbed to its difficulties and is closing all its stores. XS Cargo Co. of Mississauga, Ont. this weekend started to liquidate all of its 50 stores after filing for protection from creditors in the summer with the goal of restructuring and emerging as a going concern.

Toronto and New York markets rebounded Friday from steep losses the day before, as investors sought bargains amid Thursday’s lower stock prices. Toronto’s S&P/TSX composite index soared 133.20 points to close at 15,026.77, propped up by gains in information technology and energy stocks.

Target Canada appears to be outgunning Walmart Canada at its own price-cutting game. Comparing prices on nearly three dozen identical national brand name products at each discount store, retail experts found the combined cost at Target was several percentage points lower than the same basket at Walmart.

Major changes to the rules governing Canada’s mortgage-financing regime aren’t in the offing, Canadian Finance Minister Joe Oliver said Sunday, as he played down suggestions Ottawa is looking to force the country’s banks to bear more housing risk.

The jackpots for all of the major lotteries continued their steady climb upward over the weekend.

Costco Wholesale Corp., the largest U.S. warehouse-club chain, will stop accepting all American Express Co. cards in Canada on Jan. 1 after a breakdown in negotiations between the two companies.

Census data released Thursday indicate that Manhattan has the widest gap between its richest and poorest people of any county in the United States.