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Alaska voters reject repeal of 2013 petroleum production tax; 'No' votes take decisive lead

Aug 27, 2014 / 11:54 am

ANCHORAGE, Alaska - Alaska voters have retained a new petroleum production tax system that offers hope of increased investment and jobs but drew criticism as a giveaway to already profitable oil companies.The state Division of Elections counted 17,721 absentee and early votes Tuesday, giving repeal...

Shell Canada using 'warehouse' approach to drive down oilsands costs

Aug 27, 2014 / 11:52 am

CALGARY - Shell Canada Ltd., in an effort to cut costs and boost efficiency at its oilsands operations, has found inspiration in an unlikely place: online retailer Amazon.The company recently adopted a "warehousing" approach to how it manages its tools and equipment, president Lorraine Mitchelmore...

IMF chief Lagarde under official investigation in France for 'negligence' in corruption case

Aug 27, 2014 / 11:40 am

PARIS - Christine Lagarde, the chief of the International Monetary Fund, was put under official investigation for negligence in a French corruption probe that dates back to her days as France's finance minister.After a fourth round of questioning before magistrates on Wednesday, Lagarde said she...

Resource stocks pull TSX lower, National Bank beats earnings expectations

Aug 27, 2014 / 11:18 am

TORONTO - The Toronto stock market chalked up a small loss Wednesday as traders continued to digest earnings reports from the Canadian banking sector, in this case a solid report from National Bank (TSX:NA).The S&P/TSX composite index gave back 27.16 points to 15,592.05.The Canadian dollar surged...

Spanish chain removes kids' shirt after outcry over similarities with Holocaust clothing

Aug 27, 2014 / 10:44 am

MADRID - Spanish fashion retailer Inditex said Wednesday it has withdrawn a children's shirt that triggered an outcry from people who said it was reminiscent of the clothes Jews were made to wear at Nazi concentration camps.The long-sleeved shirt with horizontal dark stripes and a six-pointed...

Congressional analysts: Economy, hurt by poor 1st quarter, to grow by just 1.5 per cent in 2014

Aug 27, 2014 / 10:40 am

WASHINGTON - The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 per cent in 2014, undermined by a poor performance during the first three months of the year.The new assessment was considerably more pessimistic than the Obama administration's, which...

Fiscal update: Alberta plans to borrow $3B less; on track for higher surplus

Aug 27, 2014 / 10:30 am

EDMONTON - The Alberta government says it plans to reduce its borrowing by almost $3 billion and is on track for a higher than expected surplus this fiscal year.The province's first-quarter update says borrowing for infrastructure projects is now forecast to be just over $2 billion in 2014-15.The...

National Bank shares rise to all-time high on strong Q2 profits, higher revenues

Aug 27, 2014 / 9:04 am

MONTREAL - Shares in National Bank hit an all-time high Wednesday after the country's sixth-largest lender reported a 10 per cent rise in profits helped by growth in its wealth management and financial markets services. The stock rose to a record price of $50.86 in early morning trading. By...

Canadian dollar up, currency benefits from Burger King's Tim Horton acquisition

Aug 27, 2014 / 8:36 am

TORONTO - The Canadian dollar was up Wednesday, benefitting from the major deal struck that will see American fast food giant Burger King buy Canadian coffee-and-doughnut chain Tim Hortons for $12.5 billion.The loonie rose 0.5 of a cent to 91.81 cents US.The cash and stock deal will see the parent...

Canada Post gets boost from parcel delivery; lowers employee benefit costs

Aug 27, 2014 / 7:56 am

OTTAWA - The Canada Post division in charge of mail delivery reversed its loss into a profit in the latest quarter, boosted by growth in its parcel delivery business and lower employee benefit costs. The Crown corporation said it earned a net profit of $42 million in the second quarter, compared...

Cameco set for work stoppage at McArthur River mine and Key Lake mill

Aug 27, 2014 / 6:46 am

SASKATOON - Cameco (TSX:CCO) said Wednesday it's preparing to stop work at its McArthur River mine and Key Lake mill operations in northern Saskatchewan due to a labour dispute.The uranium miner said the company and the roughly 535 unionized workers represented by the United Steelworkers are set to...

Spiders clog vent lines, forcing Suzuki to recall more than 19,000 midsize cars

Aug 27, 2014 / 6:42 am

DETROIT - Spiders have forced Suzuki to recall more than 19,000 midsize cars.The automaker says spider webs can clog a fuel vapour vent hose in some 2010 to 2013 Kizashi cars, cutting off air flow. If that happens, it can cause the gas tank to deform, causing cracks, fuel leaks and possible...

Godzilla stomps back in ultra HD splendor, but wires aren't erased to stay true to original

Aug 27, 2014 / 2:42 am

TOKYO - At a humble Tokyo laboratory, Godzilla, including the 1954 black-and-white original, is stomping back with a digital makeover that delivers four times the image quality of high definition.The effort with "4K" technology is carefully removing scratches and discoloration from the films and...

Bombardier workers in Thunder Bay, Ont., turn down latest company offer

Aug 26, 2014 / 8:32 pm

THUNDER BAY, Ont. - Workers at Bombardier (TSX:BBD.B) in Thunder Bay, Ont., have rejected the latest offer from the transportation company.Unifor Local 1075 says its members, who have been on strike since July 14, turned down the offer by a vote of 80 per cent.The vote held Tuesday was ordered by...

NY judge: Hollywood film about 'Deep Throat' porn star does not violate skin flick's copyright

Aug 26, 2014 / 3:52 pm

NEW YORK, N.Y. - A Manhattan judge has found a lot of differences between the porn classic "Deep Throat" and last year's Hollywood-produced biography of the world's first major porn star.U.S. District Judge Thomas Griesa tossed out a lawsuit brought by Arrow Productions Limited against the...

Bank of Montreal Q3 beats estimates with solid retail banking, loan recoveries

Aug 26, 2014 / 2:56 pm

TORONTO - A strong performance at Bank of Montreal's Canadian operations, combined with improved recoveries from loans previously written off, helped the bank outperform analyst estimates in the third quarter.The bank (TSX:BMO) earned a third-quarter profit of $1.126 billion, hardly changed from...

Most actively traded companies on the TSX

Aug 26, 2014 / 2:34 pm

Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,619.21, up 20.47 points):Teranga Gold Corp. (TSX:TGZ). Miner. Up four cents, or 5.06 per cent, to 83 cents on 9.6 million shares.Tim Hortons Inc. (TSX:THI). Restaurants. Up $6.68, or 8.14 per...

Cominar buys Ivanhoe Cambridge shopping centre and office portfolio for $1.53B

Aug 26, 2014 / 2:22 pm

MONTREAL - Cominar Real Estate Investment Trust has signed a deal to buy a portfolio of 15 properties including shopping centres, office buildings and an industrial park in Quebec and Ontario from Ivanhoe Cambridge for $1.53 billion.The trust also said the total purchase price could increase to...

Corporate deal making boosts TSX: Burger King buys Tim Hortons in US$11B deal

Aug 26, 2014 / 1:34 pm

TORONTO - The Toronto stock market closed higher Tuesday, boosted in part by major corporate deal making as Burger King announced it's buying Tim Hortons. The cash and stock deal is worth about US$11 billion and will create the world's third-largest quick service restaurant company.The S&P/TSX...

No Miley Cyrus twerking means MTV Video Music Awards ratings down, but tweets top 12 million

Aug 26, 2014 / 1:26 pm

NEW YORK, N.Y. - Without Miley Cyrus' twerking to get tongues wagging, ratings for MTV's annual Video Music Awards took a tumble.The pop music extravaganza, at which Beyonce was in the spotlight, reached 8.3 million viewers on Sunday. That's down from the 10.1 million who saw last year's show but...

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S&P 5001998.93-1.09
CDN Dollar0.9222+0.0093
Natural Gas3.955+0.044

Okanagan Companies
Pacific Safety0.19+0.01
QHR Technologies Inc1.18-0.01
Anavex Life Sciences0.250.00
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining3.02-0.01
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01


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