Business News
Study warns of long-term debt woes in US
WASHINGTON - A new government study says that federal health care and retirement programs threaten to overwhelm the federal budget and harm the economy in...
Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO - Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,816.88 up 93.48...
Big carrier Telus, Wind Mobile say they have put down a deposit for spectrum auction
MONTREAL - Big carrier Telus joins small cellphone player Wind Mobile among bidders for wireless spectrum that's being put up for auction in January.Telus...
Chocolate companies pay for price fixing
Here's a bit of sweet news for some chocolate lovers. Four of the largest chocolate producers in Canada have agreed to pay more than $23 million to settle a...
Loonie climbs against weak U.S. dollar as Fed chair candidate bows out of race
TORONTO - The Canadian dollar climbed Monday as the U.S. dollar weakened on news that one of the top candidates to lead the Federal Reserve has withdrawn from...
Fed facing many uncertainties amid expectations it will slow its economic stimulus this week
WASHINGTON - The Federal Reserve is being engulfed by the one thing it tries to prevent: uncertainty.Will the Fed take its first step Wednesday toward reducing...
Stocks rise after Summers exits race for Fed chairman; investors expect more stimulus
NEW YORK, N.Y. - Stocks are higher after former Treasury Secretary Larry Summers withdrew from the race to become head of the Federal Reserve.Summers had been...
Oil below US$107 on diplomatic deal for Syria to turn over chemical weapons
The price of oil fell below US$107 a barrel Monday on waning fears of a wider Middle East conflict thanks to an international deal intended to halt the use of...
Former music exec cut by machete after being held hostage by girlfriend's ex-husband in LA
LOS ANGELES, Calif. - A former music industry executive is in critical condition in Los Angeles after authorities say his girlfriend's suicidal ex-husband held...
Eiji Toyoda, former Toyota president and founder's cousin who helped make Toyota Way, dies
TOKYO - Eiji Toyoda, a member of Toyota's founding family who helped create the super-efficient "Toyota Way" production method, has died. He was 100.The...
US factories boost output 0.7 per cent in August, best since December, led by auto production
WASHINGTON - U.S. factories increased output in August by the most in eight months, helped by a robust month at auto plants. The gains are a hopeful sign that...
CRTC to look at roaming rates
MONTREAL - Bell Canada says it's cutting roaming rates in half for mobile phone customers travelling in the United States starting Tuesday in response to...
Foreigners bought $6.1 billion in Cdn securities in July: StatsCan
OTTAWA - Statistics Canada says foreign investors resumed purchases of Canadian securities in July, adding $6.1 billion to their holdings.It says this followed...
Wind Mobile to take part in wireless spectrum auction next January
MONTREAL - Small cellphone player Wind Mobile will be among bidders for valuable wireless spectrum being put up for auction in January as it moves to take on...
Chocolate companies to pay $23.2M in chocolate price-fixing class action
LONDON, Ont. - Here's a bit of sweet news for some chocolate lovers.Four of the largest chocolate producers in Canada have agreed to pay more than $23 million...
Packaging Corp. of America buying Boise for about $1.27B, will expand containerboard capacity
LAKE FOREST, Ill. - Packaging Corp. of America is buying Boise for about $1.27 billion, acquiring additional containerboard needed to support its...
At least 21 dead in Mexico as tropical storm hits Pacific coast, hurricane aims at Gulf coast
ACAPULCO, Mexico - Tropical Storm Manuel drenched Mexico's southwestern Pacific shoulder Sunday and Hurricane Ingrid closed in on the country's Gulf coast, as...
On 5th anniversary of Lehman collapse, Obama warns GOP against creating more 'economic chaos'
WASHINGTON - In a blistering warning to congressional Republicans, President Barack Obama said Monday it would be the "height of irresponsibility" for lawmakers...
Workers at CAMI plant in Ingersoll, Ont., ratify agreement with GM
LONDON, Ont. - Production and skilled trades workers at the General Motors assembly plant in Ingersoll, Ont., have ratified a contract agreement with the...
Orlando's WKMG issues message during game explaining why it has to air struggling Jaguars
ORLANDO, Fla. - An Orlando television station has issued an on-air explanation for why it's airing the struggling Jacksonville Jaguars while many NFL fans...