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Business News

Kerry: Climate change is world's 'most fearsome' WMD; slams deniers as 'flat earthers'

Feb 16, 2014 / 7:26 am

JAKARTA, Indonesia - Climate change may be the world's "most fearsome" weapon of mass destruction and urgent global action is needed to combat it, U.S....

Experts say Conservatives have plenty of alternatives to income splitting

Feb 15, 2014 / 4:02 am

OTTAWA - When the Conservative brain trust sits down to hash out a crowd-pleasing alternative to income splitting, hoping to undo the damage from backing off a...

Brookfield Asset says 2013 was its best year in more than a century

Feb 14, 2014 / 5:06 pm

TORONTO - Brookfield Asset Management Inc. (TSX:BAM.A), which has a history reaching back more than a century, says 2013 was its best financial year ever.The...

CREA says January home sales up from year ago, but down compared with December

Feb 14, 2014 / 3:52 pm

OTTAWA - Frigid weather was blamed Friday for a drop in Canadian home sales as 3.3 per cent fewer deals were struck in January compared with December —...

Parti Quebecois' hunt for fossil fuels sparks concern over taxpayer risk

Feb 14, 2014 / 3:52 pm

MONTREAL - A plan launched by the Quebec government to help fund oil exploration on a remote Gulf of St. Lawrence island is raising concerns the province is...

RI pension deal announced that aids retirees; state efforts widely seen as model for others

Feb 14, 2014 / 3:44 pm

PROVIDENCE, R.I. - Rhode Island state leaders and union officials have reached a deal to end legal wrangling over a landmark pension overhaul that's been a...

Manufacturing sales down 0.9 per cent in December, first drop since August

Feb 14, 2014 / 2:52 pm

OTTAWA - Statistics Canada says manufacturing sales were down 0.9 per cent in December, the first decrease since August 2013.The agency says despite the...

Israeli arms company shows off new Stars Wars-like defence system, confident of deployment

Israeli arms company shows off new Stars Wars-like defence system, confident of deployment

Feb 14, 2014 / 2:24 pm

SINGAPORE - An Israeli state-owned arms company developing a laser-based missile shield that evokes "Star Wars" style technology says its deployment over the...

Dubai vies to be world's next fashion capital with billions of dollars in planned investments

Dubai vies to be world's next fashion capital with billions of dollars in planned investments

Feb 14, 2014 / 1:28 pm

DUBAI, United Arab Emirates - Dubai and luxury are nearly synonymous. The city is home to the world's tallest tower, massive man-made islands in the shape of...

US factory output fell 0.8 per cent in January; autos, appliances and furniture decline

Feb 14, 2014 / 11:10 am

WASHINGTON - Harsh winter weather led to a steep drop in U.S. factory output in January. Manufacturers made fewer cars and trucks, appliances, furniture and...

Jos. A. Bank Clothiers buying Eddie Bauer parent company in deal valued at $825 million

Feb 14, 2014 / 11:10 am

Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million that will help strengthen its men's wear...

Eurozone economy picks up pace in fourth quarter, but recovery still too weak to create jobs

Feb 14, 2014 / 11:06 am

BRUSSELS - Europe's economy is growing faster, raising hopes for a sustainable recovery, but that may not be enough to bring sky-high levels of unemployment...

Municipalities ready their pitches for federal infrastructure spending blitz

Feb 14, 2014 / 11:02 am

OTTAWA - Municipalities are lining up for a piece of the Conservative government's $14-billion infrastructure spending blitz.Proposed projects range from...

Grocery store chain Sobeys signs deals to sell 30 stores in Western Canada

Feb 14, 2014 / 10:56 am

STELLARTON, N.S. - Sobeys Inc. (TSX:EMP.A) has signed deals to sell 29 stores in Western Canada for a total of roughly $430 million. The grocery store chain was...

CPPIB surpasses $200 billion of net assets, with 5.9 per cent return in Q3

Feb 14, 2014 / 10:18 am

TORONTO - Long-term investments in countries with high-growth, emerging economies will help the Canada Pension Plan Investment Board through unpredictable...

Price of oil barely stays above US$100; natural gas prices soar on supply report

Feb 14, 2014 / 9:10 am

The price of oil barely budged Thursday as benchmark West Texas Intermediate crude for March delivery slipped two cents to US$100.35 a barrel on the New York...

Quebec Finance Minister Nicolas Marceau to present budget on Feb. 20: sources

Feb 14, 2014 / 8:54 am

QUEBEC - Quebec Finance Minister Nicolas Marceau will present his second budget next Thursday.Sources tell the The Canadian Press the official announcement will...

TSX advances amid mixed earnings, U.S. retail disappointment, major dealmaking

Feb 14, 2014 / 7:54 am

TORONTO - The Toronto stock market was higher Thursday amid earnings reports from the insurance, retail, manufacturing and resource sectors.The S&P/TSX...

Most actively traded companies on the TSX, TSX Venture Exchange markets

Feb 14, 2014 / 7:42 am

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (14,001.65 up...

Premier announces new power line to kick-start Kami mine in western Labrador

Feb 14, 2014 / 6:56 am

ST. JOHN'S, N.L. - The announcement of a new power line for western Labrador is a leap toward development of the $1.3-billion Kami mine in the region, says the...

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