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Business News

Sinkhole collapses part of National Corvette Museum in Kentucky; 8 cars damaged

Feb 12, 2014 / 11:34 am

BOWLING GREEN, Ky. - A sinkhole collapsed part of the National Corvette Museum in Kentucky on Wednesday, damaging eight cars but not shutting down the...

Panama Canal chief reports agreements in principle to solve some parts of expansion dispute

Feb 12, 2014 / 10:58 am

PANAMA CITY - Panama Canal Administrator Jorge Quijano said Wednesday the agency has reached tentative agreement with contractors on some of the issues that...

Time has come to look past Obama to reboot Canada-U.S. trade: Prentice

Feb 12, 2014 / 9:16 am

OTTAWA - A former top Conservative cabinet minister says it's time for Canada to look beyond the Obama era if it wants to push economic integration with the...

Federal prosecutors in San Diego drop fraud charges against former Border Patrol union boss

Feb 12, 2014 / 9:12 am

SAN DIEGO - Federal prosecutors on Tuesday dropped corruption charges against the longtime former head of the union representing Border Patrol agents, 18 months...

Flaherty fires back at provinces complaining about Canada Job Grant deadline

Feb 12, 2014 / 9:12 am

OTTAWA - Finance Minister Jim Flaherty is scoffing at provincial complaints about the April 1 deadline for the contentious Canada Job Grant imposed in...

Flaherty has doubts about benefits of promised income-splitting

Feb 12, 2014 / 6:48 am

OTTAWA - Finance Minister Jim Flaherty says he's not sure whether income-splitting for tax purposes will benefit society.It's a promise the governing...

Sousa says Ontario ripped off by federal budget, calls it kick in the teeth

Feb 12, 2014 / 6:44 am

TORONTO - The Harper government is balancing its books at Ontario's expense, making itself "look good" before the 2015 election while putting the province's...

Wabush Scully Mine in Labrador closing, 500 jobs affected at iron ore operation

Feb 12, 2014 / 5:42 am

WABUSH, N.L. - The Wabush Scully Mine in Labrador will be idled by the end of March by Cliffs Natural Resources Inc. with the company blaming dropping prices...

Canada Bread to be sold for $1.83 billion to Mexico's Grupo Bimbo

Feb 12, 2014 / 5:28 am

TORONTO - A Mexican company is buying Canada Bread (TSX:CBY) in a deal valued at $1.83 billion with the support of its parent Maple Leaf Foods (TSX:MFI). Grupo...

Strange collection it was: Rodarte uses Yoda, Luke Skywalker on its designer gowns

Feb 12, 2014 / 4:24 am

NEW YORK, N.Y. - If you were going to buy a silk charmeuse designer gown for thousands and thousands of dollars, would you want it to be emblazoned with the...

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

Feb 12, 2014 / 3:16 am

TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (13,880.99 up 86.81...

Easier for couples to forgive cheating than money problems: BMO survey

Feb 12, 2014 / 1:06 am

TORONTO - A new survey suggests that Canadian couples may be more willing to forgive a cheating spouse than to overlook money problems.According to the poll by...

Toyota recalls 1.9 million Prius cars worldwide to fix software glitch

Feb 11, 2014 / 11:06 pm

TOKYO - Toyota is recalling 1.9 million hybrid Prius cars globally for a software glitch that could cause the vehicle to stall.Toyota Motor Corp. said Wednesday...

CAE appeals for patience in health-care segment as it unveils fetal simulator

Feb 11, 2014 / 8:18 pm

MONTREAL - CAE's core flight simulator and training businesses is improving but its chief executive appealed for investor patience with its health-care segment,...

Tories kiss deficits goodbye, build up fiscal arsenal ahead of 2015 election

Feb 11, 2014 / 7:32 pm

OTTAWA - The governing Conservatives are singing the final aria of their five-year deficit-fighting opera, finally ready to draw the red-ink curtain on a new...

Budget includes grab bag of issues, from Senate suspensions to Bitcoins

Feb 11, 2014 / 7:32 pm

OTTAWA - A look at some unusual items included in Finance Minister Jim Flaherty's budget, delivered Tuesday:Disgraced senators or MPs suspended from their jobs...

Loonie up ahead of budget, Fed chair signals continued stimulus withdrawal

Loonie up ahead of budget, Fed chair signals continued stimulus withdrawal

Feb 11, 2014 / 4:50 pm

TORONTO - The Canadian dollar closed higher Tuesday while traders looked ahead to the release of the federal government's new budget.The loonie was ahead 0.31...

Dow soars nearly 200 points as investors welcome steady tone from new Federal Reserve chief

Feb 11, 2014 / 4:00 pm

NEW YORK, N.Y. - U.S. stocks are ending sharply higher after the new Federal Reserve chief, Janet Yellen, said she will continue the central bank's policy of...

Stocks jump, Yellen says US can weather stimulus taper while keeping rates low

Feb 11, 2014 / 3:52 pm

TORONTO - North American stock markets racked up solid gains Tuesday thanks to reassuring words from the new chair of the U.S. Federal Reserve.The S&P/TSX...

Tories tackle Canada-U.S. price disparity, experts question extent of problem

Feb 11, 2014 / 3:52 pm

OTTAWA - The Conservative government's crackdown on price disparity between the U.S. and Canada comes at an odd time, when the falling Canadian loonie is...

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