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Ottawa's anti-corruption rules on suppliers a threat to Canadian economy: study

Nov 23, 2014 / 11:02 am

OTTAWA - New federal rules that threaten to ban companies convicted of crimes from public contracts could kill jobs and hurt the Canadian economy, warns a study conducted for a powerful business group. The report lists the potential consequences of Ottawa's so-called integrity framework, a measure...

Quebec review recommends $2.3 billion in cuts as province seeks balanced budget

Nov 23, 2014 / 10:54 am

QUEBEC - The head of an independent review looking for cost-saving measures in Quebec says the province is living beyond its means and needs to find a way to deliver services at a lower cost.Lucienne Robillard, who was appointed by Quebec's Liberal government to find ways to cut spending, says...

'Mockingjay, Part 1' opens with $123 million, down from 'Catching Fire' debut

Nov 23, 2014 / 10:26 am

NEW YORK, N.Y. - "Mockingjay, Part 1" didn't catch fire like the last installment of "The Hunger Games," but it still set the highest opening of the year with $123 million at the weekend box office.According to studio estimates Sunday, Lionsgate's "Mockingjay" opened well below the $158 million...

Traders look to health of U.S. economy, possibility of oil production cut

Nov 23, 2014 / 7:02 am

TORONTO - The Toronto stock market could be in for a seventh-straight week of gains as investors take comfort from moves by the Chinese government to boost its economy and look ahead to the latest readings on American and Canadian economic growth.Oil prices could also find some direction from...

Feds move gingerly toward protecting 'Canada brand' in foreign mining operations

Nov 22, 2014 / 4:04 am

OTTAWA - It's taken almost a decade of loud, often unwelcome advocacy, but the federal government appears to finally recognize that Canada's international brand needs a little spit and polish.In back-to-back addresses this week to a Mining Association of Canada luncheon, two federal cabinet...

Ontario, Quebec want Energy East's greenhouse gas impact considered

Nov 21, 2014 / 3:26 pm

CALGARY - Ontario and Quebec have agreed greenhouse gas emissions must be considered when it comes to the proposed cross-Canada Energy East pipeline.But the new boss of the National Energy Board, the agency tasked with weighing the $12-billion proposal, said climate change policy isn't within its...

House GOP sues Obama administration for 'unconstitutional' implementation of health care law

Nov 21, 2014 / 2:52 pm

WASHINGTON - House Republicans filed a federal lawsuit Friday accusing the Obama administration of exceeding its constitutional powers in carrying out President Barack Obama's prized health care law, giving legal voice to conservatives who have long protested that he has abused his office's...

China cuts interest rates, ECB eyes more stimulus in efforts to reverse global slowdown

Nov 21, 2014 / 2:18 pm

BEIJING, China - China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown.The president of the European Central Bank said Friday he was...

Most actively traded companies on the TSX

Nov 21, 2014 / 2:16 pm

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,111.13, up 35.95 points):B2Gold Corp. (TSX:BTO). Miner. Down one cent, or 0.48 per cent, to $2.06 on 6.8 million shares.Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.72, or 9.44 per...

Rural residents need not brace for a repeat of last winter, says regulator

Nov 21, 2014 / 2:10 pm

OTTAWA - Rural residents shouldn't see the propane price hikes and supply shortages this winter that they experienced during the last heating season, the country's energy regulator predicts.The National Energy Board — which last year at this time anticipated stable prices based on forecasts...

Stock markets rise amid Chinese rate cut, stimulus hint from ECB chief Draghi

Nov 21, 2014 / 1:32 pm

TORONTO - The Toronto stock market closed higher Friday, with commodity prices and resource companies advancing amid signs that central banks are prepared to step up efforts to keep the fragile global economic recovery going.The S&P/TSX composite index climbed 35.95 points to 15,111.13.China's...

Ontario and Quebec governments sign deals on climate change, energy projects

Nov 21, 2014 / 1:14 pm

TORONTO - Ontario and Quebec signed several agreements on Friday promising to co-operate on trade, climate change, energy projects and alcohol sales at a joint meeting of the two provinces' Liberal cabinets in Toronto.Premiers Kathleen Wynne and Philippe Couillard agreed to build "a stronger and...

Illinois judge rules state's pension overhaul unconstitutional

Nov 21, 2014 / 1:12 pm

SPRINGFIELD, Ill. - An Illinois judge ruled Friday that a law intended to fix the nation's worst state employee pension crisis violates the state constitution, deciding in favour of state employees and retirees who sued to block the landmark overhaul.The overhaul had been approved by lawmakers and...

Quebec environmentalists happy with conditions imposed on TransCanada

Nov 21, 2014 / 12:12 pm

MONTREAL - Quebec environmentalists are hailing a report the provincial government has imposed various conditions on TransCanada for the Energy East pipeline to be accepted.Radio-Canada says it has obtained the list of conditions in a letter from Environment Minister David Heurtel to the...

RBC exits wealth management in the Caribbean to focus on growth regions

Nov 21, 2014 / 12:08 pm

TORONTO - The decision by Royal Bank (TSX:RY) to exit its wealth management business in the Caribbean may be another sign that Canadian banks are cutting their losses in the region and cleaning house, an analyst said Friday."What we're seeing is the banks are doing a thorough evaluation of their...

Toyota recalls nearly 423,000 Lexus cars; fuel leaks can cause fires

Nov 21, 2014 / 10:34 am

DETROIT - Toyota is recalling nearly 423,000 Lexus luxury brand cars in the U.S. to fix fuel leaks that can cause fires.The recalls affect the 2006 to 2011 GS, 2007 to 2010 LS and the 2006 to 2011 IS models.Toyota says that the cars' fuel lines have nickel phosphate plating to protect against...

Unemployment rates fall in two-thirds of US states; job gains rise in 38 states

Nov 21, 2014 / 10:30 am

WASHINGTON - Unemployment rates fell in 34 U.S. states in October, a sign that steady hiring this year has been broadly dispersed through most of the country.The Labor Department said Friday that unemployment rates rose in just 5 states, the fewest since April. Rates were unchanged in 11...

Dow Chemical agrees to add 4 new board members after pressure from activist-led hedge fund

Nov 21, 2014 / 10:30 am

NEW YORK, N.Y. - Dow Chemical Co. has agreed to add four new members to its board of directors after pressure from hedge fund activist Daniel Loeb's Third Point.Shares of the specialty chemicals maker rose almost 3 per cent in morning trading Friday.Three of the new additions will join the board in...

Online streaming service Aereo files for bankruptcy, citing unfavourable Supreme Court ruling

Nov 21, 2014 / 9:36 am

NEW YORK, N.Y. - Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying an unfavourable ruling by the U.S. Supreme Court was too difficult to overcome. The Internet startup — which is backed by Barry Diller — made...

Pricier bacon and butts help push Canada's annual inflation to 2.4 % last month

Nov 21, 2014 / 9:30 am

OTTAWA - The climbing costs of bacon, smokes and natural gas helped propel the country's annual inflation rate to the unexpected mark of 2.4 per cent last month, its fastest clip in since early 2012, Statistics Canada said Friday. The prices paid by Canadian consumers in October crept...

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