Money

A Sears department store is shown in Ottawa on Thursday, June 22, 2017. (Sean Kilpatrick/The Canadian Press)

Sears Canada faces calls for boycott

Sears Canada is facing a social media campaign calling for a boycott after the company said it planned on paying millions in bonuses to keep executives on board during restructuring, despite not offering severance to laid-off workers.

A Sears Canada outlet is seen Tuesday, June 13, 2017 in Saint-Eustache, Quebec. Sears Canada says it is seeking court protection from its creditors in order to restructure its business. THE CANADIAN PRESS/Ryan Remiorz

Sears cutting 2,900 jobs

TORONTO — Sears Canada says it is seeking court protection from its creditors in order to restructure its business.

Royal Bank president David McKay speaks at the Royal Bank of Canada annual meeting in Toronto on Thursday, April 6, 2017. THE CANADIAN PRESS/Frank Gunn

Royal Bank cutting 450 jobs, mostly in GTA

Royal Bank of Canada says it is cutting 450 jobs, primarily from its head office locations in the Greater Toronto Area as it tries to revamp its business in light of shifting client preferences.

In this Jan. 7, 2014, file photo, Yahoo president and CEO Marissa Mayer speaks during the International Consumer Electronics Show in Las Vegas. (AP Photo/Julie Jacobson, File)

Verizon completes Yahoo takeover

Verizon has taken over Yahoo, completing a US$4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the Internet’s best-known brands.