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February 12, 2012
A deal to bring double-A baseball to Ottawa would cost the city about $84,000 more a year over the next 10 years than it would to mothball the Ottawa Stadium, city staff say.
Cdn dollar opened at 99.98 cents US, down 0.46
February 10, 2012
TORONTO - The Canadian dollar opened at 99.98 cents US, down 0.46 of a cent from Thursday's close.
February 09, 2012
Premier Dalton McGuinty is warning of possible labour strife as he takes aim at public-sector wages to curb the province’s $16-billion deficit.
February 09, 2012
EDMONTON - Premier Alison Redford's Alberta Tories delivered a pre-election budget Thursday that increased spending to record levels and raided billions from the piggy bank, but promised the province will be out of the red within a year.
Greek deal to cut spending does not end debt drama
February 09, 2012
FRANKFURT - More than two years after it came clean about its addiction to debt, Greece may finally have begun its long and painful road to recovery.
Most actively traded companies on the TSX
February 09, 2012
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Yellow Media shakes up board, cuts dividend
February 09, 2012
MONTREAL - Yellow Media Inc. announced a shakeup in its board of directors Thursday, bringing in experts in restructuring and corporate finance as it struggles to pay down heavy debt and transition to a digital company.
Highlights of the Alberta budget
February 09, 2012
EDMONTON - Highlights of the Alberta 2012-2013 budget released Thursday by Finance Minister Ron Liepert:
Oil hits $100 on US jobs, Greece
February 09, 2012
NEW YORK, N.Y. - Oil prices closed at almost US$100 a barrel on Thursday, helped by U.S. jobs data and investors' faith in a bailout deal for Greece.
Teck Resources profit nearly doubles in Q4
February 09, 2012
Teck Resources Ltd. (TSX:TCK.B), which posted a record annual profit Thursday, is focused on its own internal growth strategy as it looks to increase copper production and launch its oilsands operations, chief executive Don Lindsay said.
Stock markets, commodity prices higher
February 09, 2012
TORONTO - Earnings disappointments in the telecom and financial sector helped push the Toronto stock market lower Thursday while traders had a muted reaction to news of a deal that should allow Greece to secure its next financial bailout.
Canada Bond yields, prime rates for Feb. 9
February 09, 2012
TORONTO - Canada Bond yields (previous day in brackets):
Rio Tinto takes large Alcan writedown
February 09, 2012
MONTREAL - Rio Tinto's chief executive is foregoing his annual bonus after the global mining giant's net earnings dropped by 59 per cent last year due to an US$8.9 billion writedown of its aluminum business.
Loonie rises amid news of Greek bailout deal
February 09, 2012
TORONTO - The Canadian dollar closed higher Thursday while commodity prices ran ahead amid news that the Greece's coalition government had struck a deal on conditions that will allow it to secure a crucial, second financial bailout.
TSXV closed at 1,664.82, down 0.92 of a point
February 09, 2012
TORONTO - The TSX Venture Exchange closed on Thursday at 1,664.82, down 0.92 of a point. The volume was 251.29 million shares.
Financial market highlights on Thursday
February 09, 2012
TORONTO - Highlights at the close of Thursday's world financial market trading.
Canadian dollar closed at 100.44 cents US
February 09, 2012
TORONTO - The Canadian dollar closed at 100.44 cents US on Thursday, up 0.05 of a cent from Wednesday's close.
Shoppers boosts dividend on strong sales
February 09, 2012
TORONTO - Shoppers Drug Mart Corp. (TSX:SC) gave a rosy outlook and raised its dividend Thursday after reporting strong sales of non-pharmacy items as the retailer works to reduce its reliance on prescription sales.
Canadian earnings Thursday: Air Canada, BCE
February 09, 2012
TORONTO - Canadian earnings declared Thursday:
Bank of England backs $79 billion money injection
February 09, 2012
LONDON - The Bank of England said Thursday it will inject another 50 billion pounds ($79 billion) into the British economy, which contracted in the last three months of 2011.
Poll suggests Canada wants China's help on the economy
February 09, 2012
BEIJING, China - A new poll suggests Canadians want China's help driving the economy, but don't want them in the driver's seat.
China's inflation rebounds in January to 4.5 pct
February 08, 2012
BEIJING, China - China's inflation rebounded in January as food prices soared, renewing pressure on Beijing to control surging living costs as it tries to boost slowing growth in the world's second-largest economy amid warnings of a global downturn.
Canada now has two Huffington Posts
February 08, 2012
MONTREAL - Arianna Huffington launched Quebec's very own edition of the Huffington Post on Wednesday, making Canada the first country to have two versions of the online news website.
News Corp 2Q beats Street despite hacking charges
February 08, 2012
LOS ANGELES, Calif. - Rupert Murdoch's News Corp. said Wednesday that net income grew by nearly two-thirds in the final quarter of 2011, despite expenses related to ongoing phone hacking investigations of its U.K. newspaper unit.
OAS sustainable in long term: Page
February 08, 2012
OTTAWA - Canada is not facing a crisis over public pensions, the country's budget watchdog concludes in a report that appears to undermine the Harper government's claim that the system is unsustainable.
Arctic Glacier agrees to $13.75M settlement
February 08, 2012
WINNIPEG - Arctic Glacier Income Fund (CNSX:AG.UN) announced Wednesday that has agreed to a $13.75-million settlement of a class action lawsuit filed in Canada by unitholders of the fund.
Most actively traded companies on the TSX
February 08, 2012
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
No deep cuts in Alberta budget: Redford
February 08, 2012
EDMONTON - Alison Redford, set to deliver her first budget as Alberta's premier, promised Wednesday that it won't include deep cuts to balance the bottom line.
Indigo has lower third-quarter profit of $14.3M
February 08, 2012
TORONTO - Indigo Books & Music Inc. (TSX:IDG) increased its revenue to almost $353 million in its third quarter, but reported a lower net profit of just over $14 million, the company said Wednesday.
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