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Business News

MTS's business division Allstream to open a technical support centre in Montreal

Feb 5, 2014 / 5:56 am

MONTREAL - The business division of Manitoba Telecom Services is expanding its Quebec operations and will open a technical support centre in Montreal, adding 50...

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

Feb 5, 2014 / 5:46 am

TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (13,504.48 up 18.28...

Tories tackle broken military procurement system with incremental change

Feb 5, 2014 / 5:00 am

OTTAWA - The Harper government is taking a stab at fixing the country's broken military procurement system, opting for steady, incremental changes rather than a...

SNC-Lavalin consortium wins US$764-million sulphuric acid project in Saudi

Feb 5, 2014 / 4:52 am

MONTREAL - SNC-Lavalin and a consortium partner have signed a US$754-million contract to build a large sulphuric acid plant and power station in Saudi Arabia, a...

Licence data shows fracking an unregulated free-for-all in Alberta: NDP

Feb 5, 2014 / 4:44 am

EDMONTON - Alberta New Democrats say newly released documents show fracking has become an unregulated free-for-all in the province with no regard for the impact...

TSX closes slightly higher, markets stabilize after steep decline

Feb 5, 2014 / 4:24 am

TORONTO - The Toronto stock market closed slightly higher Tuesday as the TSX stabilized a day after worries about global manufacturing performance helped send...

Canadian dollar advances on economic optimism; traders look to jobs, trade data

Feb 5, 2014 / 4:02 am

TORONTO - The Canadian dollar closed higher Tuesday, benefiting for a second day from an improved economic outlook and hopes for rising oil exports.The loonie...

Goldcorp, Barrick Gold to sell Marigold mine in Nevada to Silver Standard

Feb 4, 2014 / 11:06 pm

TORONTO - Two of Canada's largest gold miners have agreed to sell the Marigold mine in Nevada to Silver Standard Resources Inc. (TSX:SSO) for a total of US$275...

ANZ Bank faces multimillion dollar payout after Australian court rules on credit card late fee

Feb 4, 2014 / 9:20 pm

MELBOURNE, Australia - One of Australia's largest banks faces a multimillion dollar payout to thousands of customers after a judge ruled on Wednesday that late...

New Brunswick forecasts $391-million deficit in final budget before election

Feb 4, 2014 / 8:02 pm

FREDERICTON - New Brunswick's Tory government is forecasting its fourth consecutive deficit but trying to reassure the public of an economic turnaround in its...

Price of US oil rises as stock market stabilizes; natural gas soars

Feb 4, 2014 / 6:56 pm

The price of oil rose nearly one per cent Tuesday on hopes that demand for U.S. crude would remain on track even as some emerging market economies...

Super Bowl gives boost to Fox's comedy 'New Girl'

Feb 4, 2014 / 5:16 pm

NEW YORK, N.Y. - Television's biggest event keeps getting bigger.This year's Super Bowl between Seattle and Denver was the most-watched TV event in U.S....

Widely expected 'do-nothing' budget could worsen economy: think-tank

Feb 4, 2014 / 5:16 pm

OTTAWA - The Canadian Centre for Policy Alternatives is predicting a "do-nothing" federal budget next week that the left-wing think-tank says could actually...

WestJet could raise fares again if pressure from falling loonie persists

Feb 4, 2014 / 5:06 pm

WestJet Airlines raised fares by two per cent last week in response to the falling Canadian dollar and may consider additional hikes and other revenue...

Provinces, Kenney, meet to discuss counter-offer on Canada Job Grant

Feb 4, 2014 / 3:56 pm

TORONTO - The provinces and territories have wrapped up a meeting with Employment Minister Jason Kenney after presenting him with a counter-offer to his Canada...

Report estimates 29% of anglophone Canadians now subscribing to Netflix

Feb 4, 2014 / 2:42 pm

TORONTO - Netflix continues to grow in Canada and is being used in millions of households, suggest two research reports.Telephone surveys commissioned by the...

Lower-cost oil arriving at Suncor Montreal refinery by train, tanker

Feb 4, 2014 / 2:32 pm

CALGARY - Suncor Energy Inc. says it's bringing lower-priced crude into its Montreal refinery by rail and ship as it awaits approval of a pipeline project that...

Hockey games will be inescapable under NHL broadcast deal with Rogers

Feb 4, 2014 / 2:32 pm

TORONTO - Clear your schedule sports fans, there's about to be a lot more hockey on television.Nearly 500 regular season games will air in Canada as part of the...

US factory orders drop 1.5 per cent, biggest setback since July, as aircraft demand falls

Feb 4, 2014 / 2:28 pm

WASHINGTON - U.S. manufacturers saw orders for their products decline in December by the largest amount in five months although the setback for a key category...

S&P downgrades Puerto Rico debt, says it would have been worse without government reforms

Feb 4, 2014 / 2:28 pm

SAN JUAN, Puerto Rico - The credit-rating agency Standard & Poor's downgraded Puerto Rico's debt to junk status Tuesday as the U.S. territory prepared to return...

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