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Premarket: Stocks get that Friday feeling as stimulus trumps growth concern

Global stocks rose and bond yields fell on Friday, as investors shrugged off slowing global growth and focused instead on the continued stimulus provided by the world’s major central banks.

Wall Street’s record high on Thursday lifted Asian stocks on Friday, a day that will be packed with key …

Stimulus

Before the bell: Stocks get that Friday feeling as stimulus trumps growth concern

The Before the Bell report is updated throughout the premarket to reflect the latest news developments and market moves. Check back later for updates. For the latest data on overseas markets, commodities and much more, click here for our market data page.

Today brings some important economic data …

Stimulus

What you need to know about the end of three-year cellphone contracts

A June deadline that will finally spell the end of three-year cellphone contracts is looming for Canada’s wireless industry.

Here’s what you need to know about what it means for you:

Is there a rule banning three-year contracts in Canada?

Three-year contracts are not illegal, but thanks to the …

Law

Are loyalty programs inflaming the rage over income inequality?

Everyone remembers the Occupy Wall Street movement of a few years ago. While the disgruntled 99 per cent could have honed their message a bit, the lightning rod of anger was the growing inequality of income distribution. The tent villages and drumming circles may have vanished, but the widening gap …

Income

Tech lookahead: An event for space nerds and a bright future for Canada's tech sector

Unless you’re a space nerd you probably didn’t know the 2015 International Space Development Conference (ISDC) was in Toronto this week, but if you were thinking of crashing an event today’s the day as Buzz Aldrin is scheduled to give the noon keynote.

In other tech news, the successful initial …

Canadian Technology

Bangladeshi migrants find safety in Indonesia, but now face the burden of failure

For months, they floated at sea in an eerie silence, slaves cowed to quiet by sword-wielding traffickers who threatened to kill them if they begged for more to drink or prayed out loud.

But now that they have found safety, food and water on land in Indonesia, hundreds of Bangladeshi men are burdened …

Asia

China-backed development bank sets target to be operational by year-end

China-backed Asia Infrastructure Investment Bank (AIIB) on Friday set an ambitious target to become operational by the end of the year after a three-day meeting of prospective founding member nations in Singapore.

AIIB said in a statement that the meeting finalized the articles of agreement, which …

Finance (India)

Chrysler latest target of Canadian air-bag lawsuits

The latest in a series of proposed Canadian class-action suits over potentially deadly airbags was launched Thursday, this one over those installed in Chrysler vehicles.

The lawsuits claim Japan-based Takata Corp. and its U.S. subsidiary negligently designed and manufactured “life-threatening and …

Airbags

Cameron determined to give Britons ‘proper choice’ on reformed EU

British Prime Minister David Cameron predicted “ups and downs” on Friday in European Union reform negotiations but said he was determined to give Britons a proper choice on a reformed EU in a referendum he has promised before the end of 2017.

“There will be ups and downs. You’ll hear one day this is …

David Cameron

Seven years later, is Wall Street too big and brash again?

They were a cool bunch, so brazen in their disregard for the rules that they had the nerve (or the stupidity) to call themselves “the cartel.” They used an invitation-only chat room to rig trades in the foreign-exchange market to enrich themselves and their employers – and to “rip off” their …

Wall Street

Brown mum on when he’ll run for seat at Queen’s Park

Patrick Brown, the newly elected leader of the Ontario Progressive Conservative Party, needs a seat in the legislature – and so far, there is no lineup of PC MPPs at his office door offering to give up theirs.

The 36-year-old, who had represented Barrie federally for nine years as a Conservative MP, …

Patrick Brown

Al Shabaab attacks village in Kenya’s Garissa

Al Shabaab militants attacked a village in the northeastern Kenyan county of Garissa, the ministry of interior said on Friday.

The Somalia-based al Shabaab group, which has carried out frequent attacks in Kenya in recent years to try to force Nairobi to pull its troops out of Somalia, struck a …

Al-Shabaab

Clinton’s emails show her corresponding with longtime adviser about Libya

Longtime Clinton confidant Sidney Blumenthal had been blocked from working for Hillary Rodham Clinton at the State Department by skeptical White House officials. But that didn’t cut his direct line to Clinton on one of the most sensitive matters of her tenure at the agency.

During Clinton’s years at …

Email

Court frees ex-Korean Air executive in ‘nut rage’ case

Former Korean Air Lines executive Heather Cho walked free after nearly five months in prison on Friday after an appeals court suspended the sentence she was given for her outburst over the way she had been served macadamia nuts.

Cho, the daughter of the airline’s chairman, was sentenced in February …

Asia

Shareholder group pushes for new proxy-voting laws

A coalition of Canada’s largest institutional shareholders is launching a new salvo at weak boardrooms across Canada, asking regulators and companies for new powers to nominate alternative corporate directors.

The Canadian Coalition for Good Governance (CCGG), which represents most of Canada’s …

Retirement (Canada)

Banksy Does New York: Documentary celebrates British street artist mystery

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Banksy has been the damned, elusive Scarlet Pimpernel of the international art scene for so long now – close to 20 years – it arouses suspicion. How, in our CCTV/smartphone/digitally …

Art

Saint Laurent: A biopic ballet of carefully crafted style and imagery

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If Saint Laurent were a typical biopic, the sort that hangs its subjects’ memorable pronouncements in air quotes and frames their triumphs with marquee lights, …

Yves Saint Laurent

The Face of an Angel: Fictional take on Italian murder misses by a long shot

• Title: Michael Winterbottom• 
Written by:
Paul Viragh• 
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Daniel Brühl, Kate Beckinsale, Cara Delevingne• 
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The complicated filmmaker Michael Winterbottom is at his elusive worst with The Face of an Angel, a ponderous …

Filmmaking

Tab Hunter Confidential: Behind-the-scenes heavy labour at Inside Out

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A ripple of panic swept through a downtown boardroom the other day, at the possibility of an aging movie star going AWOL.

This was during a logistics meeting for Toronto’s annual Inside Out LGBT Film Festival. As a dozen or …

Movies

Pulp’s farewell rockumentary and Spielberg’s Poltergeist are coming soon

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Pulp: A Film About Life, Death & Supermarkets

Taking his cue from the geeky Brit-pop band Pulp’s most recognizable hit Common People, director Florian Habicht turns the camera on the average Joes and Josies of Sheffield, England, a …

Pulp

Kelly: Mike Babcock brings gold medal mentality to ‘Canada’s team’

Mike Babcock started by picking a fight.

He’d only been back home for a couple of hours. They brought him out squinting into the TV lights. He sat there looking intense while Toronto Maple Leafs president Brendan Shanahan ticked off the money men and corporate fellow travellers. Babcock, the Leafs’ …

NHL

Dickey goes the distance as Jays trounce Angels

It was kind of indicative of how things have transpired for the woebegone Toronto Blue Jays and R.A. Dickey, their confounding knuckleball pitcher.

Desperate for a win, it would figure that the Blue Jays had caught a bit of a break with the news that Albert Pujols, the dangerous hitter for the Los …

News (Canada)

Canadian women’s rugby sevens on verge of clinching 2016 Olympics berth

One week after reaching the final in London, the Canadian women’s rugby sevens team can book its ticket to the 2016 Olympics this weekend in Amsterdam as the World Rugby Women’s Sevens Series wraps up for the season.

The top four teams in the overall standings at the end of play Saturday …

Olympics

MLSE ‘close’ to hiring new CEO to replace Tim Leiweke

Maple Leafs Sports and Entertainment is nearly ready to name a new chief executive and successor to outgoing boss Tim Leiweke, the company’s chairman says.

Larry Tanenbaum said Thursday that the Toronto-based sports organization’s lengthy search for a CEO, which has dragged on since August, is …

NHL

Babcock’s deal with Leafs ‘changes the landscape’ for NHL coaching salaries

Mike Babcock’s coaching contract with the Toronto Maple Leafs has suddenly and dramatically altered the financial outlook for his NHL counterparts.

Babcock’s eight-year deal worth $50-million (all currency U.S.) not only makes him the highest-paid coach in the NHL, but sets an unprecedented ceiling …

Salaries & Wages

Hawks, Cavaliers hope to avoid war of attrition in banged-up conference final

While the Atlanta Hawks try to figure out who will guard LeBron James, the Cleveland Cavaliers are just grateful the four-time MVP is still standing.

It’s understandable. This series could turn into a war of attrition – and they’ve only played one game, won by Cleveland.

James was limping around, …

Attrition

Stephen Harper’s game of Senate appointment make-believe will end

Stephen Harper is playing at pre-election make-believe with Senate appointments. We have a Vancouver lawyer to thank for calling us back to reality.

The Prime Minister’s game of pretend is in declaring he won’t appoint senators. The unloved, disrespected Red Chamber has caused him a spot of bother, …

Stephen Harper

Alix Hawley’s All True Not A Lie In It wins Amazon.ca First Novel Award

In March, 1977, a pair of debut novelists split a brand-new literary prize, the Books in Canada First Novel Award. Sharing $1,000 were Ian McLachlan for The Seventh Hexagram, long out-of-print, who went on to publish several more novels, plays, and books of non-fiction and is currently professor …

News (Canada)

BlackBerry to buy up to 12 million shares for cancellation

Canadian smartphone maker BlackBerry Ltd. said it plans to buy back 12 million shares, sending its stock up nearly 2 per cent in extended trading in the United States.

BlackBerry, which has not repurchased any outstanding securities in the last one year, said it would present a new employee share …

BlackBerry

Losing the Signal: The spectacular rise and fall of BlackBerry

BlackBerry