Business News
Crude oil prices edge lower in New York; Brent slightly higher in London
The price of oil held steady Friday on a quiet day for energy markets.Benchmark West Texas Intermediate crude for August delivery edged 10 cents lower to close...
QuickList: Sobeys, Foodland, IGA, Safeway store closures across Canada
Sobeys, which is owned by parent company Empire Co. (TSX:EMP.A), announced Thursday that it will closing about 50 underperforming grocery stores across the...
Sobeys store closures will stretch until fall, says company document
TORONTO - Sobeys says plans to close about 50 underperforming grocery stores across the country have already begun, and is expected to stretch until late this...
Pershing Square can go ahead with its call for Allergan shareholder meeting
Pershing Square Capital Management will begin to seek support from Allergan shareholders to call a special meeting to remove six directors after reaching a deal...
New anti-spam law won't put a stop to all unwanted emails, says legal expert
OTTAWA - A new anti-spam law that one business group calls "heavy handed" won't stop the flow of all unwanted emails to your inbox, says a legal...
Cruise ship leaves Seattle after return following boiler room fire; company says no one hurt
SEATTLE - A cruise ship that returned to Seattle after a fire in its boiler room left the port again on Sunday morning.Holland America says no one was injured...
With deals yet to be locked in, questions surround Canada's free trade agenda
OTTAWA - The Harper government's vaunted free trade agenda is either a roaring success or hopelessly stalled — and given that government officials aren't...
Yukon aboriginals fight federal government over environmental assessment changes
WHITEHORSE - The federal government could soon be facing a second lawsuit over its plans to change environmental assessments in the North.The Yukon Council of...
Calgary energy producer Encana sells Bighorn assets for US$1.8 billion
CALGARY - Encana Corp. is selling its Alberta-based Bighorn natural gas properties to Jupiter Resources for about US$1.8 billion, as the Calgary energy producer...
About 50 underperforming Sobeys stores to close, mostly in Western Canada
Sobeys is closing about 50 underperforming grocery stores across the country as it deals with intense competition and tries to squeeze savings from its...
Protectionist 'Buy American' provisions back, and Canada's not happy
WASHINGTON - Buy American provisions are back, and the Canadian government isn't happy about it.Canada has staged an intervention over new allegations of U.S....
Crude oil falls as worries over effect of Iraqi insurgency on supplies eases
The price of oil fell Thursday as fears diminished somewhat over supply disruptions from Iraq.Benchmark West Texas Intermedate crude for August delivery slipped...
Shaw slow cable subscriber erosion in latest quarter, raises 2014 cash forecast
TORONTO - Shaw Communications Inc. (TSX:SJR.B) continued to lose subscribers in its cable and satellite television services in its latest quarter, but the...
Most actively traded companies on the TSX, TSX Venture Exchange
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (15,030.74, up...
Launch of new Russian space rocket aborted moments before blastoff as Putin watched
MOSCOW - The first launch of Russia's new space rocket after two decades of development was aborted Friday moments before its blastoff as President Vladimir...
Steady job growth boosts US consumer confidence despite economy's slowdown
WASHINGTON - Strong job growth lifted U.S. consumer confidence this month, as Americans looked past the economy's dismal first quarter performance.The...
Bell supports pick-and-pay, calls for changes to local TV business model
TORONTO - Bell says it supports the so-called pick-and-pay model for cable television, but believes changes need to be made to local TV.In a statement issued by...
Small business confidence tumbles in June amid concerns about economy
OTTAWA - Confidence in the economy among Canada's small and medium-sized businesses took a big hit this month in a signal the economy is still not performing up...
'Today' host Matt Lauer says much-criticized question to GM boss Mary Barra not gender-based
NEW YORK, N.Y. - Matt Lauer has no regrets asking General Motors CEO Mary Barra about balancing work and motherhood, saying he sees it as an issue that affects...
Watch it grow: Bumper crop boosts Saskatchewan's bottom line with higher surplus
REGINA - A bumper crop and higher returns on investments boosted the Saskatchewan government's bottom line in the last fiscal year.Public accounts released...