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Big funds stalk Canwest newspapers
[Fri, 12 Mar 2010 01:02:35 GMT]
The sale of Canada’s largest English-language daily newspaper chain has attracted some of the country’s financial heavyweights as potential suitors.
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Potash Corp. earnings dramatically improve
[Fri, 12 Mar 2010 01:02:40 GMT]
The company said a sharp rebound in potash demand will help it earn between $1.30 and $1.50 a share. The new estimate is way above the range of 70¢ to $1.00 guidance it gave in late January.
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Murdoch takes aim at New York Times
[Fri, 12 Mar 2010 00:02:56 GMT]
Starting next month, Rupert Murdoch will wage a full-on assault against The New York Times by launching a New York edition of the The Wall Street Journal, the business news bible he bought in 2007 for US$5-billion.
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Transat strategy 'didn't work'
[Fri, 12 Mar 2010 00:36:24 GMT]
Jean-Marc Eustache, Transat A.T. chief executive, admitted Thursday that his efforts to restore the profitability of the country’s largest tour operator fell flat this winter after just about everything that could have gone wrong did.
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Alberta revamps oil and gas royalty regime
[Fri, 12 Mar 2010 02:31:51 GMT]
Alberta, responding to more than two years of harsh criticism, has once again revamped its conventional oil and gas royalty regime, this time returning to rates similar to those announced before the government tore up the rules in 2007.
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Hydro-Québec strikes agreement worth about $1.5B
[Thu, 11 Mar 2010 22:23:29 GMT]
Hydro-Québec struck a preliminary agreement worth an estimated $1.5-billion to supply power to Vermont’s two biggest electric utilities as it nails down contracts with its existing customers ahead of a plan to boost exports to new clients.
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Goldcorp Q4 profits jumps on rising gold prices
[Fri, 12 Mar 2010 00:03:06 GMT]
Goldcorp Inc. delivered a solid fourth quarter as it continues to keep costs in check and benefit from near-record gold prices.
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SNC ponders bid for highway 407 stake
[Fri, 12 Mar 2010 00:02:21 GMT]
SNC-Lavalin Group Inc. is weighing whether to boost its investment in Toronto-area toll highway 407-ETR after Spanish infrastructure giant Ferrovial announced Thursday it would put a 10% stake in the beltway up for sale.
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Siemens closing Hamilton gas turbine plant
[Thu, 11 Mar 2010 23:02:58 GMT]
Giant industrial outfit Siemens AG announced Thursday it is closing its gas turbine plant in Hamilton, cutting 550 jobs as the operation is relocated to Charlotte, North Carolina.
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TSX ekes out small gain in mixed trading
[Thu, 11 Mar 2010 23:15:19 GMT]
The Toronto Stock Exchange stayed close to home throughout most of Thursday’s trading session, eking out a small gain by the end of it as several different developments cancelled each other out in terms of market impact.
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Clairvest's N.Y. casino deal folds
[Thu, 11 Mar 2010 22:36:53 GMT]
The Aqueduct Entertainment Group consortium, led by Toronto-based Clairvest Group Inc., saw its dreams to operate a new gambling facility at the Aqueduct Racetrack in Queens, N.Y. dashed.
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Toyota incentives drive March U.S. sales up sharply
[Thu, 11 Mar 2010 20:57:29 GMT]
Sales incentives, including zero-percent financing offers, have boosted Toyota Motor Corp’s U.S. sales by nearly 50%t in early March, an industry tracking service and dealers said Thursday
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Telus to sell tablet computers
[Thu, 11 Mar 2010 21:02:43 GMT]
Canada’s third-largest wireless carrier by subscribers plans to sell tablet computers, looking beyond phones to lure customers away from larger rivals
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Flaherty's budget forecasts off by billions: watchdog
[Thu, 11 Mar 2010 17:43:34 GMT]
The Parliamentary Budget Office concludes that the forecasts presented by Finance Minister Jim Flaherty in last week’s federal budget do not form “a prudent basis for fiscal planning”
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Thomson family tops Canada's rich list
[Thu, 11 Mar 2010 17:25:07 GMT]
Twenty-two Canadians made it on to Forbes' ranking of the world's richest this year, with David Thomson and family leading the pack
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Ferrovial puts 10% of Canada’s ETR on sale
[Thu, 11 Mar 2010 21:03:03 GMT]
Debt-laden Spanish infrastructure giant Ferrovial said it has put 10% of its 407-ETR motorway in Canada up for sale and will use the proceeds to invest in new toll road projects and pay down debt.
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Emerging markets urged to learn from Canada's past
[Thu, 11 Mar 2010 20:02:42 GMT]
Bank of Canada governor Mark Carney said Thursday emerging economies should allow their currencies to appreciate, in an effort to unwind massive trade imbalances and ensure global economic growth
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TD's Don Drummond to retire
[Thu, 11 Mar 2010 17:16:48 GMT]
Don Drummond, the chief economist at Toronto-Dominion Bank and much-quoted analyst on matters related to federal fiscal policy, will retire at the end of June, the bank announced Thursday
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BP to pay Devon US$7-billion for oil fields
[Thu, 11 Mar 2010 13:02:37 GMT]
London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields
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Hopes for financial reform dim as U.S. deal fails
[Thu, 11 Mar 2010 19:02:42 GMT]
Senate Banking Committee Chairman Christopher Dodd, the top Democratic negotiator, said he will unveil his own bill on Monday, but without some Republican support its chances looked slim
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Canadian home prices rise 0.4% in January
[Thu, 11 Mar 2010 16:31:10 GMT]
Canadian home prices rose 0.4% between December and January, the same growth rate for the third consecutive month, according to a Statistics Canada report Thursday
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Shares in Transat AT plummet
[Thu, 11 Mar 2010 16:49:50 GMT]
One analyst questioned the sustainability of Transat A.T.'s business model going forward as shares dropped more than 20% Thursday on a gloomy outlook from the travel tour operator
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Scotia's Thanachart takes away Siam City Bank
[Thu, 11 Mar 2010 16:39:59 GMT]
Bank of Nova Scotia confirmed Thursday that its Thai subsidiary, Thanachart Bank, has reached a deal to buy Siam City Bank, the eighth largest bank in Thailand, for about $2.2-billion
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Imax rebounds to profit, sees strong first quarter
[Thu, 11 Mar 2010 17:02:56 GMT]
Giant-screen movie operator Imax Corp said on Thursday a strong slate of films, including the blockbuster “Avatar”, helped it bounce back to a fourth-quarter profit and it forecast a “very strong year” ahead.
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Canada’s trade surplus widens in January
[Thu, 11 Mar 2010 15:36:01 GMT]
In other Canadian economic news: An RBC Economics report suggested Canada's economy will expand by 3.1% in 2010 while Canadian production picked up pace in the fourth quarter
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U.S. Jan trade gap narrows unexpectedly due to oil
[Thu, 11 Mar 2010 16:20:14 GMT]
The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report showed on Thursday.
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Bill Gates no longer world's richest man
[Thu, 11 Mar 2010 01:18:33 GMT]
The Microsoft cofounder, who had held the title of world's richest 14 of the past 15 years, is toppled by a Mexican tycoon in a record year for billionaires
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Corcoran: Stop feeding the green energy monster
[Thu, 11 Mar 2010 13:14:59 GMT]
While investment analysts are warning about the risks in wind and bioenergy schemes, Ottawa and the provinces are still on a mad populist stampede
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Sprott profits drop 39% in fourth quarter
[Thu, 11 Mar 2010 15:02:23 GMT]
Investment firm Sprott Inc. reported a 39% drop in fourth quarter profit Thursday, primarily on lower revenues
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HSBC says Swiss data theft affects 24,000 accounts
[Thu, 11 Mar 2010 14:02:22 GMT]
HSBC, Europe’s biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank
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75 years today, Bank gets it right on inflation
[Thu, 11 Mar 2010 14:14:25 GMT]
William Watson: The Bank of Canada took most of its 75-year history to catch on, but it’s now reasonably good at what it’s supposed to do
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British MPs turn up oil sands heat
[Thu, 11 Mar 2010 01:02:22 GMT]
Campaign grows to force two of the world’s biggest energy companies to provide more information on their oil-sands operations
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Canada's economy to expand by 3.1% in 2010: RBC
[Thu, 11 Mar 2010 14:02:32 GMT]
After surging back to life with an annualized GDP of five per cent in the fourth quarter of 2009, all signs are pointing to Canada's economy growing another 3.1 per cent in 2010, according to an RBC Economics report released Thursday.
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China overheating fears grow, spurring tightening talk
[Thu, 11 Mar 2010 13:02:39 GMT]
Chinese inflation spurted to a 16-month high in February, providing fresh arguments for policy tightening sooner rather than later
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As oil rallies, physical market suggests ample supply
[Thu, 11 Mar 2010 13:02:36 GMT]
Oil has rallied to within sight of its 2010 high this week, but the physical crude markets in Asia and Europe are telling a more bearish story
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Xceed Mortgage swings to Q1 net loss
[Thu, 11 Mar 2010 14:02:26 GMT]
Insured mortgages provider Xceed Mortgage Corp. swung to a first-quarter loss, hurt by negative fair-value adjustments related to its discontinued business line of uninsured mortgages
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Futures point to weak Wall St; Devon Energy seen up
[Thu, 11 Mar 2010 14:02:21 GMT]
Stock index futures fell on Thursday, pointing to a weaker start for Wall Street. By 0859 GMT (3:59 a.m. ET), futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq slipped 0.2 to 0.3 percent
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Loonie surge triggers hedging
[Wed, 10 Mar 2010 23:46:41 GMT]
The Canadian dollar is headed for parity, economists say. Luckily for investors, the recent rise of currency-hedged ETFs will make it much easier to maintain foreign positions
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TSX edges up to first gain this week
[Wed, 10 Mar 2010 23:40:24 GMT]
Toronto Stock Exchange broke a two-day skid Wednesday as some international developments helped lure investors back into the market.
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Quebecor wows with wireless plans
[Wed, 10 Mar 2010 23:29:37 GMT]
Wednesday, Quebecor Inc. gave analysts and investors a deeper glimpse into plans to introduce wireless services this summer and further its position as a cross-platform content provider. And both groups came away enthused
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OECD says Canada Post should be privatized
[Wed, 10 Mar 2010 20:02:52 GMT]
The Canadian government should privatize Canada Post as part of a broader plan to improve the nation’s economic productivity, the Organization for Economic Co-operation and Development said in a report Wednesday
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Full coverage of this week's Prospectors and Developers conference
[Thu, 11 Mar 2010 01:01:49 GMT]
Full coverage of this week's Prospectors and Developers Association of Canada conference
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Lessons from the dot-com crash
[Wed, 10 Mar 2010 21:02:42 GMT]
Ten years ago today the Nasdaq composite index hit a record 5,132.52 points — a peak that the technology-heavy market shows no sign of scaling again any time soon
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Viterra cooks up US$240-million pasta deal
[Thu, 11 Mar 2010 20:35:56 GMT]
Viterra Inc. is taking a big step on the path to transcend its roots as a prairie grain handler with its first major foray into food production
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Norbourg swindler may testify against watchdog
[Wed, 10 Mar 2010 23:02:42 GMT]
Vincent Lacroix, seen as one of Canada’s biggest financial fraudsters, has been asked by lawyers representing a group of 139 investors fleeced by Norbourg to testify Monday in their case against the Quebec securities watchdog
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Provincial debts ‘a ticking time bomb’: CIBC
[Wed, 10 Mar 2010 21:03:05 GMT]
Debt levels and rising interest rates could make debt affordability a “ticking time bomb” for provincial governments, a CIBC report says
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Prime Minister to hold YouTube press conference
[Wed, 10 Mar 2010 22:25:53 GMT]
Prime Minister Stephen Harper will answer a series of questions submitted by Canadian YouTube users during a prime time Web interview next Tuesday night
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Scotiabank arm close to Siam City deal: Reports
[Wed, 10 Mar 2010 23:24:15 GMT]
The Bank of Nova Scotia's subsidiary in Thailand is poised to sign a deal to buy a stake in Siam City Bank, the country's seventh largest bank in the next three weeks, according to media reports
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Debt still looms over jailed investment advisor Thow
[Wed, 10 Mar 2010 20:02:49 GMT]
Ian Thow may be paying his debt to society in federal prison, but the disgraced Victoria investment adviser has other debts that need to be dealt with upon his release
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GM on track to repay US$8-billion early
[Wed, 10 Mar 2010 21:02:47 GMT]
General Motors Co will pay back roughly US$8-billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker had promised
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More changes in Bank of Canada's top ranks
[Wed, 10 Mar 2010 18:02:38 GMT]
Further changes in the senior ranks of the Bank of Canada were unveiled Wednesday, with deputy governor Pierre Duguay retiring and a Montreal academic tapped to join the governing council
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Another runaway Toyota Prius reported
[Wed, 10 Mar 2010 19:02:49 GMT]
Federal regulators said they were looking into a report of another runaway Toyota Prius, this one in Westchester County, New York, where police said a woman pulling out of a driveway zoomed across a busy street and into a stone wall
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Google Maps offers cyclist directions in the U.S.
[Wed, 10 Mar 2010 18:26:05 GMT]
Google Maps has adding biking to its directions option, taking into account trails, roads with bike lanes and flattest topography.
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Terra tells Yara that CF bid superior
[Wed, 10 Mar 2010 19:02:36 GMT]
Terra Industries Inc., the target of a bidding war, told suitor Yara International ASA that an offer of US$4.68-billion from fertilizer producer CF Industries Holdings Inc. is superior and asked for a counterproposal
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Goldman seeks leave to appeal Shaw ruling
[Wed, 10 Mar 2010 17:20:40 GMT]
Goldman Sachs says the restructuring process has been 'corrupted,' appealing Shaw Communications' bid for controlling interest in Canwest Global
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Free the Canadian book market
[Wed, 10 Mar 2010 13:07:28 GMT]
Michael Taube: Opening the book selling market to foreign competition would help consumers. Ottawa should take up the cause
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Lorne Gunter: Turning a recession into a depression
[Wed, 10 Mar 2010 16:19:15 GMT]
Efforts to force the United States' withdrawal from the North American Free Trade Agreement will suck Canada up in whirlwind of devastation
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Air Canada, Emirates war of words escalates
[Wed, 10 Mar 2010 15:30:12 GMT]
In latest salvo, Calin Rovinescu, Air Canada’s chief executive, accuses the UAE airline of telling 'fairy tales' about the economic benefits greater access would create here
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OPEC sees higher 2010 oil demand growth
[Wed, 10 Mar 2010 13:02:29 GMT]
Global oil demand will rise more quickly than expected in 2010, OPEC said on Wednesday, increasing the need for crude from the 12-member group which meets to set policy next week
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More strong China data points to yuan rise
[Wed, 10 Mar 2010 14:02:26 GMT]
Chinese exports and imports grew faster than expected in February, underlining the momentum and reinforcing the case for a rise in the yuan
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Kevin Lynch named vice chair of BMO
[Wed, 10 Mar 2010 15:51:46 GMT]
His new role a strategic advisor to senior management is interesting on a number of fronts
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Stock futures signal higher open; Facet eyed
[Wed, 10 Mar 2010 13:02:24 GMT]
Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.07 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.25 percent
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Hot housing market lifts Scotiabank
[Wed, 10 Mar 2010 16:14:47 GMT]
For the three months ended Jan 31, Canada’s third biggest bank posted net income of $988-million, or 91 cents a share, compared to $842-million, or 80 cents, last year.
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Couche-Tard awaits U.S. buy opportunities
[Tue, 09 Mar 2010 23:24:40 GMT]
Alimentation Couche-Tard Inc. said it expects a shakeout in the U.S. convenience store sector in the months ahead as frustrated players struggling with stagnant sales in a weak economy.
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PDAC 2010: Amy Cheng opens doors to Asia
[Tue, 09 Mar 2010 22:46:20 GMT]
Ms. Cheng is working with foreign miners who want to tap into China’s huge capital base and even list their shares on the Hong Kong Stock Exchange
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U.S. millionaire ranks swell 16%
[Tue, 09 Mar 2010 20:02:45 GMT]
The number of U.S. households with a net worth of at least US$1-million jumped 16% last year after dipping sharply during the financial crisis, an industry consulting group said on Tuesday
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Canadian corporates go on a shopping spree
[Wed, 10 Mar 2010 13:54:37 GMT]
For the first time in five years, the announced acquisitions of international companies by Canadian entities outstripped foreign takeovers in 2009.
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Rushed launch takes wind out of newest cellphone carrier
[Tue, 09 Mar 2010 23:02:32 GMT]
Iain Grant, principal analyst at SeaBoard Group, an industry research firm, said a hasty launch by WIND has led to spotty network deployment and subsequently weak wireless coverage. Limited distribution channels and advertising have also led to a “lost message” with would-be subscribers
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TSX ends down for second straight day
[Tue, 09 Mar 2010 22:24:30 GMT]
In the news: Pengrowth, Planet Organic, Minco Gold
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Cisco ushers in new era with new router
[Thu, 11 Mar 2010 18:08:29 GMT]
The new router, known as the CRS-3 (Carrier Routing System), is three times faster than the CRS-1 Cisco models currently employed by broadband and telephone carriers around the world
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Toyota's Prius put in the spotlight
[Tue, 09 Mar 2010 21:51:43 GMT]
Toyota Motor Corp., struggling to regain a reputation for quality after unintended acceleration forced the recall of millions of vehicles, will investigate a report in California of a Prius hybrid that sped out of control
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Noose tightens around credit default swap market
[Tue, 09 Mar 2010 19:03:07 GMT]
The European Commission said on Tuesday it will consider banning the naked selling of derivatives contracts some EU politicians say were used by speculators to bet on a Greek bond default
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Freed fiery litigator warns of new fraud wave
[Tue, 09 Mar 2010 21:02:44 GMT]
His debt to society paid, William Lerach, the fiery shareholder litigator who exposed the excesses of Enron before running afoul of the law himself, warned of another wave of financial fraud
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Jobless aid, tax breaks clear hurdle in U.S. Senate
[Tue, 09 Mar 2010 22:02:25 GMT]
Democratic efforts to spur job creation advanced in Congress on Tuesday as a US$149-billion package of tax breaks and unemployment aid cleared a procedural hurdle in the Senate.
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Royal Bank eyes U.S. expansion
[Tue, 09 Mar 2010 19:03:12 GMT]
Royal Bank of Canada is interested in U.S. banks with US$10-billion in assets or more to add to its consumer lending business
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Oil traders place bets on 'widowmaker'
[Tue, 09 Mar 2010 18:05:28 GMT]
Many traders use a popular spread play between gasoline and heating oil to try to make money from seasonal shifts in demand in the Northern Hemisphere.
But the spread is one of the most volatile and unpredictable in the oil market
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Canada looks at asset sales to curb deficit
[Tue, 09 Mar 2010 19:02:44 GMT]
Canadian Finance Minister Jim Flaherty said the country is studying the sale of government assets in a bid to fill a budget shortfall
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Citigroup shares surge 8% on Fairholme interview
[Tue, 09 Mar 2010 21:02:54 GMT]
Citigroup Inc stock surged as much as 8.4% on Tuesday after a prominent fund manager said the bank’s shares were underpriced.
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Minco Gold shares jump on gold discovery in China
[Tue, 09 Mar 2010 20:03:04 GMT]
Shares of Minco Gold Corp jumped 33% percent on Tuesday, after the junior gold explorer reported discovery of a “significant gold zone” at one of its exploration properties in China.
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Sony to launch 3D TVs in June, rivals Samsung
[Tue, 09 Mar 2010 14:02:30 GMT]
Sony to enter an increasingly crowded market that is betting the revolutionary TV will become the next hot product in the electronics industry
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China says committed to U.S. debt, wary on gold
[Tue, 09 Mar 2010 13:20:36 GMT]
The world’s biggest holder of foreign exchange reserves renewed its commitment to the U.S. Treasury market on Tuesday
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Canada's airline industry set for rebound: Study
[Tue, 09 Mar 2010 16:02:41 GMT]
Canada’s air transportation and accommodation industries are expected to stage slim recoveries this year, although the strong Canadian dollar will benefit the former while weighing on the latter, the Conference Board of Canada said Tuesday
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A year after markets hit bottom, what's your bet?
[Tue, 09 Mar 2010 14:25:47 GMT]
One of the greatest rebounds in stock-market history has just handed investors a magnificent gift. Now you have to make sure you don’t waste it
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Pengrowth profits down as oil and gas prices slide
[Tue, 09 Mar 2010 14:02:34 GMT]
Pengrowth Corp., which administrates Pengrowth Energy Trust, reported a 66% drop in fourth quarter profit Tuesday on lower commodity prices and sales
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Futures off on anniversary of recession bottom
[Tue, 09 Mar 2010 14:02:31 GMT]
U.S. stock index futures fell on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices
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Corcoran: Macroimprudential monetary policy
[Tue, 09 Mar 2010 13:41:32 GMT]
Should inflation be deliberately pushed up to 4%? This destructive idea is sweeping financial markets. Canada beware
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Eastern Europe/Asia big winners in post-crisis rally
[Tue, 09 Mar 2010 14:02:31 GMT]
Eastern European and Central Asian equity markets led gains in the year since global stocks sank to their lowest level after the bankruptcy of Lehman Brothers Holdings Inc
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World stocks off 6-week high; oil tumbles
[Tue, 09 Mar 2010 14:02:33 GMT]
World stocks slipped on Tuesday from the previous day's six-week high and oil fell nearly 2%, while the yen rose broadly
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Quebecor probing Quebec City NHL team
[Tue, 09 Mar 2010 00:02:45 GMT]
Quebecor Media Inc. is polling public opinion on the possibility of bringing a National Hockey League team back to Quebec City as hysteria builds in the provincial capital that their beloved Nordiques may be reincarnated
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'Fair hiring climate' expected
[Tue, 09 Mar 2010 12:22:58 GMT]
A 'fair hiring climate' for Canada is expected in the second quarter of this year, according to an employer survey by staffing agency Manpower
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Imax in Wonderland
[Tue, 09 Mar 2010 01:02:22 GMT]
Riding a remarkable change in fortunes, Imax Corp. is unable to meet demand for its large-screen movie format
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PDAC 2010: Miners face more controls
[Tue, 09 Mar 2010 01:15:57 GMT]
Miners face even more regulatory burdens in the future, despite already being one of the world’s most regulated industries
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Nfld seeks millions from Abitibi for site cleanup
[Tue, 09 Mar 2010 02:02:29 GMT]
A tentative labour deal with a key union has buoyed AbitibiBowater Inc.’s bid to exit bankruptcy protection, but environmental claims may submerge restructuring, the court-appointed monitor says
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U.S. banks to outperform Canadian rivals: Wessel
[Mon, 08 Mar 2010 22:03:28 GMT]
Shares of Canadian banks will lag behind their North American counterparts as loan losses decline, said Robert Wessel, one of Canada's top three bank analysts
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Deficits the new villain of the week
[Tue, 09 Mar 2010 00:02:22 GMT]
Financial markets are known for their ability to sniff out rotten apples, but the speed with which they have turned their attention from financial collapse to government stimulus to deficits has been eye-popping
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Norshield trio breached securities laws: OSC
[Tue, 09 Mar 2010 00:02:33 GMT]
The Ontario Securities Commission has ruled that three men linked to Montreal hedge fund operator Norshield Asset Management (Canada) Ltd. breached Ontario securities laws and compromised the integrity of Ontario’s capital markets in a complex investment scheme that allegedly fleeced retail investors of tens of millions of dollars
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Canada needs more jobs data, but has no budget
[Tue, 09 Mar 2010 15:49:23 GMT]
Canada’s chief statistician said on Monday he wants to produce more and better data to help policymakers better understand the post-recession labor market, but a budget freeze makes that look unlikely
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Ontario outlines plan to cope with recession
[Mon, 08 Mar 2010 21:03:07 GMT]
Ontario Premier Dalton McGuinty’s Liberal government outlined a five-year agenda that includes lower taxes for businesses, efforts to make Toronto a financial center and a “review” of state-owned assets
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TSX ends lower on gold slump
[Mon, 08 Mar 2010 22:16:33 GMT]
The Toronto Stock Exchange ended slightly lower Monday after being pulled down by gold stocks, despite reaching a nearly two-month high earlier in the day
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EU and central bank lock horns over rescue fund
[Mon, 08 Mar 2010 19:02:55 GMT]
European policymakers came out in support of a rescue fund that would mark a new phase of economic cooperation within the 16-nation eurozone, setting them on a potential collision course with its central bank
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Asia cited as McDonald’s sales top estimates
[Mon, 08 Mar 2010 21:04:31 GMT]
McDonald’s Corp. said global sales rose 4.8% in February, topping some analysts’ estimates, as demand in Asia countered snow-hampered results in the United States
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Loonie soars to seven-week high
[Mon, 08 Mar 2010 18:03:04 GMT]
Canada’s dollar touched the highest level since January as the outlook for the global economy burnished the appeal of currencies tied to growth, pushing investors out of such havens as the U.S. dollar and the yen
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Seal meat to be on Parliament’s menu
[Mon, 08 Mar 2010 20:03:21 GMT]
Canada’s parliamentary restaurant will be serving seal meat on Wednesday in a gesture of defiance aimed at a European Union ban on imports of seal products
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Housing starts rise 6.1% in February
[Mon, 08 Mar 2010 16:02:24 GMT]
Home construction rose by a more-than-expected 6.1 per cent to 196,700 units in February, Canada Mortgage and Housing Corp. reported Monday
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