Shareholders of Astral Media Inc signed off on telecom company BCE Inc’s acquisition of the Montreal-based content provider on Thursday, leaving only regulatory hurdles in the way of the $3 billion deal.
Nissan Motor Co is to recall 194,434 vehicles of the Caravan model and the Como, a van supplied to and sold by Isuzu Motors Ltd, because of defective parts, according to a filing with Japan’s transport ministry on Thursday.
According to a recent report by the environmentalist group ForestEthics Advocacy, 71% of oilsands production is owned by non-Canadian shareholders, with foreign-headquartered companies controlling 24% of the sector's production. The group concludes that Canadians benefit very little from the industry's production on account of this high degree of f
Retail sales bounced back in March after a weak February, but sales looked soft excluding the auto sector, and the figures sent mixed signals about first-quarter growth.
Protesters have brought to a halt a hearing by the National Energy Board in London, Ont., that environmentalists fear will bring oilsands oil to Ontario and eventually the United States.
The gap between the rich and the poor in Canada is getting wider and could eventually lead to an economic collapse, according to a new report by a left-wing think-tank.
The Bank of Canada should resume raising interest rates this autumn to help cool the country’s hot housing market and allow the bank to reach its inflation target, the Paris-based OECD said on Tuesday in a report more hawkish than most market players.
Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
Sears Holdings Corp said on Thursday it will spin off a large part of its stake in its Canadian unit, which Chairman Edward Lampert had spent years trying to gain control of, to better focus on its U.S. business.
The Canadian dollar hit a 16-week low against the U.S. dollar on Wednesday as fears of a Greek exit from the euro zone and a worsening debt crisis facing other European nations gripped financial markets.
Five months after buying one of Toronto’s new luxury hotel condominiums, Oliver Baumeister is girding for a glut of suites like his to hit the market as the biggest names in the hotel business open hundreds of units in Canada’s largest city.
The Canadian dollar erased earlier gains against its U.S. counterpart on Tuesday but surged to a 16-month high against the euro after Greece said it would hold new elections and worries mounted about its possible exit from the euro zone.
Canadian banks presented a blueprint on Monday that will enable consumers to pay for goods with a tap of their smartphones, as financial institutions seek to take advantage of existing infrastructure that can support mobile payments.
Canada's main stock index turned positive by mid-morning on Friday as constructive North American data helped to offset political uncertainty in Greece, negative economic surprises from China and shock trading losses at JPMorgan Chase.
JPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.
Brace yourselves, bond investors: Fixed-income experts warn that a long bear market lies ahead. Long-term bond returns will be modest at best, and negative at worst.
Engineering giant SNC-Lavalin has taken another hit over its controversial ties to Libya's Gadhafi regime with word Wednesday of a $1.5 billion class action suit by investors.
In late March, the International Federation of the Phonographic Industry (IFPI) released its annual estimates on recorded music industry trends. It detailed that global revenues fell 3% to $16.6 billion.
It wasn’t that long ago that high school seniors and their parents met astronomical college loans with a shrug and a signature: Whatever it took to send junior to his “first choice” school was a small price to pay.
Remember the famous 1985 Live Aid concert? It was supposed to end (forever, we were told) the problem of starving Ethiopians.
Members of Bernard Madoff’s family were hit with an expanded $255.3 million lawsuit, saying they should have caught the patriarch’s Ponzi scheme and must return the benefits to victims.
Toronto’s main stock index fell sharply on Monday as oil and other resource-based commodities tumbled after Greek and French election results rattled investors.
Some bewildered Canadians have greeted them as funny money, but the Bank of Canada wants you to know they're counterfeit-fighters.
Facebook Inc plans to price its initial public offering at a high-$20 to mid-$30 per-share range, granting the world’s largest social network a valuation of as much as $95 billion, the Wall Street Journal cited sources as saying on Thursday.
Telecom giant Bell Canada Inc. is facing criticism for the $25-million bonus that Astral president Ian Greenberg will get as part of a deal to acquire his media company.
Shares of BlackBerry maker Research in Motion dipped to an eight-year low on Thursday, after this week’s demo of its make-or-break new operating system failed to inspire investors and tech gurus.
Michael Jackson is dancing again, on Pepsi cans.
The poor and the unemployed have paid a disproportionately high price for the failings of the financial world, Bank of Canada Governor Mark Carney says.
The federal government said on Monday it will cooperate fully with investigations into alleged wrongdoing at engineering firm SNC-Lavalin and provide consular assistance to a former executive under arrest in Switzerland.
It's deadline day for most Canadians to file their taxes.
Hebdos Regionaux Quebecor Media has launched nine new regional Quebec online portals so readers can get up-to-the-minute local information.
Hollywood may be seeing a turnaround in a seven-year decline of home video sales, thanks to double-digit sales growth of Blu-ray discs and online movies and TV shows, an industry trade group is expected to announce on Sunday night.
Canada’s economy unexpectedly shrank in February, disappointing markets and cooling talk that the Bank of Canada could start raising interest rates in the near future.
Retailers are feeling good about the year ahead, a new survey shows.
A former executive for Montreal-based engineering giant SNC-Lavalin has been arrested and is being detained in Switzerland, Swiss media reported Sunday.
Taxes are taking a bigger chunk out of Canadians' budgets than basic necessities like food, clothing and shelter, a new report from the Fraser Institute says.
When an older relative dies, the family often finds itself with the stamp collections, Queen Anne furniture and stacks of old TV Guides that piled up over a lifetime.
Nearly half of Canadian tax filers have yet to submit their returns, a new CIBC report says.
Wal-Mart Stores Inc said on Wednesday that it named a former U.S. attorney earlier this year to oversee global compliance with a U.S. bribery law, as it deals with the fallout over alleged bribes in Mexico that recently came to light.
One-third of Canadians are very satisfied with their current employer, a new survey has found.
A much-discussed paper written last fall by economists Peter Diamond and Emmanuel Saez suggested, as one of its central propositions, to raise the tax rate of top earners in the U.S. as high as 70% - double the current marginal rate.
It costs about $80,000 per truck to set up, but the Conference Board of Canada says natural gas is a viable fuel for the trucking industry and will save money in the long run.
A drop in Canada’s year-on-year inflation rate to an 18-month low in March will not delay interest rate hikes by the Bank of Canada, which is paying closer attention to economic growth, analysts said on Friday.
Mark Carney offered some advice to Canadians on Wednesday - be careful about borrowing because the days of bargain-basement interest rates are coming to an end.
Television blackouts could happen in Canada as they occasionally do in the United States if television broadcasters are allowed to charge cable companies fees for their signals, Canadian cable-TV firms warned on Tuesday.
The days of cheap money could be coming to an end.
Canadian home prices fell in March from year-ago levels even as existing home sales activity picked up, with a cooling of the once-hot Vancouver market offsetting big price gains in Toronto and steady increases elsewhere.
Canadian Solar Inc denied reports in the Chinese media that China National Offshore Oil Co Ltd (CNOOC) was negotiating to buy the solar panel maker, trimming the gains that had lifted its shares as much as 31% in premarket trading.
Canadians continued to add debt in the first quarter of 2012, according to a consumer credit company.
Nearly half of Canadians do their own taxes, but most of them don't know how their investments are taxed, according to a survey released Wednesday.
Employees of the bankrupt aircraft maintenance firm Aveos will receive a total of $5.8 million in back pay, a Superior Court judge has ruled.
Best Buy Co chief executive Brian Dunn has left the world’s largest consumer electronics chain, which has struggled against stepped-up competition from Internet retailers and discounters.
China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to compensate for a slowdown in domestic demand.
Canadian businesses have some new spring in their steps.
Japan's Sony Corp is cutting 10,000 jobs, about 6% of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.
CBC spent millions of public dollars on a radio project with questionable results, documents reveal.
The long-awaited expansion of Target Inc into Canada, announced last year, raises the question, why haven’t more big U.S. chains made the seemingly easy move north into a market where established retailers are doing well.
Canada's economy added 82,000 jobs in March, ending a four-month slump in the labour market, Statistics Canada's new figures show.
The aging of Canada’s population will put upward pressure on wages as the pool of available workers shrinks, and global aging might over time lead to lower interest rates, Bank of Canada Deputy Governor Jean Boivin said on Wednesday.
Burger King shares should be worth in the high teens when the third-largest U.S. hamburger chain goes public again in a deal with UK investment firm Justice Holdings, Justice co-founder William Ackman said on Wednesday.
North American brewer Molson Coors pipped close rival Asahi on Tuesday to buy east European brewer StarBev from CVC Capital Partners for 2.65 billion euros ($3.5 billion) in what analysts said was a high-priced deal.
The U.S. futures regulator accused the Royal Bank of Canada of running a “trading scheme of massive proportion” to gain lucrative Canadian tax benefits.
The World Bank has temporarily barred a unit of SNC-Lavalin, a big Canadian engineering company that is already facing a payments scandal, from bidding on new bank projects following an investigation into a Bangladesh bridge project.
Pershing Square Capital Management named a railroad veteran as its seventh nominee for Canadian Pacific Railway’s board on Monday, heading off criticism that its proxy slate lacks experience in the sector.
The pace of growth in Canadian manufacturing picked up to its fastest rate of the year in March, building on gains from the previous month after a sharp slowdown in January, demonstrating the economy continues to make incremental strides.
A private equity fund run by Goldman Sachs Group Inc, under fire over its business ethics, has agreed to sell back its stake in a media company that critics say facilitates sex trafficking.
Four giant card-payment processors and large U.S. banks that issue debit and credit cards were hit by a data-security breach after third-party services provider Global Payments Inc discovered its systems were compromised by unauthorized access.
Rogers Communications plans to cut 300 jobs across Canada, according to MediaCaster magazine.
Toyota's plant in Woodstock, Ont., will boost its RAV4 production and add about 400 new jobs.
BMW Canada has recalled 16,750 vehicles that may have battery problems.
Canadian Pacific Railway Ltd, battling a fierce challenge from its largest shareholder, is setting performance records this year, Chief Executive Fred Green said on Tuesday in an unusually blunt response to his critics.
Enbridge Inc and Enterprise Products Partners LP will more than double the capacity of the Seaway Pipeline and expand another line from Illinois, further easing a major oil glut in the United States.
The head of SNC-Lavalin, one of the world’s biggest engineering and construction companies, has stepped down after an internal investigation found he had acted unethically by authorizing tens of millions of dollars in mysterious payments.
If Fred Green has an Achilles’ heel as leader of industry-laggard Canadian Pacific Railway, it may be the quintessential Canadian qualities of good manners and kindness.
Flash mobs have been blamed as a factor in looting during urban riots. But now a group of online activists is harnessing social media like Twitter and Facebook to get consumers to spend at locally owned stores in cities around the world in so-called Cash Mobs.
Canada’s largest food retailer, Loblaw Companies Ltd, has agreed to buy most of discount retailer Zellers Inc’s prescription files for $35 million US.
Canadians and Americans are feeling less optimistic about their financial futures, a new survey shows.
The federal government, dealing with signs of an overheated property market, is ready to tighten mortgage insurance rules again if necessary, Finance Minister Jim Flaherty said on Thursday.
Thousands of former Air Canada maintenance workers are out of a job following the closure of a maintenance firm that was spun off five years ago.
A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc , a lawyer for former Goldman board member Rajat Gupta said in court on Friday.
Bell Canada’s parent has agreed to buy Astral Media, its largest content provider, in a $3 billion deal to lock up more of the programming carried over its media platforms and expand its presence in French-speaking Quebec.
A $3.8 billion bid to take over the operator of the Toronto Stock Exchange came two steps closer to winning provincial approval on Thursday, driving up shares of Canada’s TMX Group even though a competition review could still scupper the deal.
Sales of existing homes in Canada climbed 1.4% in February from January, following a decline in the previous month, the Canadian Real Estate Association said on Thursday.
The country’s leading auto maker has upped the forecast for projected sales in Canada after a surprising break-out start for an industry still clawing its way back from a recessionary slump.
A Goldman Sachs executive director published a withering resignation letter in the New York Times, saying the investment bank is a “toxic and destructive” place where managing directors referred to their own clients as “muppets.”
I consider Stephen Harper a friend. Not a close friend, but a friend. Over the years, especially when he worked at the National Citizens Coalition, we collaborated on some projects of mutual interest and I learned to appreciate him. This is why writing this column isn't easy for me since my natural tendency is to be loyal to a fault with those I consider to be friends.
About 20% of Canadian employers expect to hire more people in the next three months, according to a new Manpower survey.
Prime Minister Stephen Harper put a positive spin on the latest job numbers, which showed a small but unexpected loss of jobs in February.
The Bank of Canada issued a more upbeat outlook for the Canadian and global economies on Thursday, suggesting that an interest rate hike may be back on its radar screen, albeit not immediately.
The Canadian housing market continued to show signs of strength on Thursday as data revealed new home prices rose for the 10th straight month in January and housing starts climbed in February despite expectations the sector will slow this year.
Toyota has recalled more than 47,000 cars and trucks in Canada because of faulty airbags and a switch that could prevent the vehicles from starting.
Canada’s housing market will cool off over the next 24 months with home sales and prices remaining flat near 2011 levels, but it will avoid the sharp plunge seen in the United States during the recession, Bank of Nova Scotia said on Wednesday.
The Canadian construction industry scaled back its plans in January after an extraordinarily ambitious December, with the value of building permits in January falling by 12.3%, according to Statistics Canada data released on Wednesday.
Molson Coors Brewing Co said on Tuesday it will launch Coors Light Iced Tea and other new products, as the beer company fights to win a greater share of the struggling beer market.
Federal Natural Resources Minister Joe Oliver's efforts to speed up the approvals process for major energy and mining projects is starting to sound more urgent.
The pace of purchasing activity in the Canadian economy rose unexpectedly in February from the month before, notching its fourth consecutive monthly gain, according to Ivey Purchasing Managers Index figures released on Tuesday.
The Canadian economy may grow slightly faster this year than previously expected, private sector economists suggested on Monday, providing scope for the Conservative government to eliminate the budget deficit sooner than planned.
Sales of existing homes in Canada are projected to increase slightly this year, but dip in 2013, the Canadian Real Estate Association said on Monday.
A small Canadian miner plans to enlist an army of ore-munching bacteria to help it extract base metals from a shale deposit in northern Alberta, embracing a technology that sounds more like science fiction than a promising new mining technique.
Forward bookings at WestJet Airlines Ltd look sound, its chief executive said on Monday, even as the carrier reported slightly emptier planes in February.
A law firm has asked a judge to approve a $250-million class-action lawsuit against engineering giant SNC-Lavalin, whose officials are accused of conducting "unlawful activities in Libya."
Sears Canada Inc said on Friday it is shutting down three of its flagship stores in Vancouver, Calgary and Ottawa, in a move that will allow it to raise capital to reinvest in store refreshes at other locations.
Five companies and three people will have to pay more than $9 million in penalties and pay back all their customers after the Competition Bureau of Canada sued them for operating a marketing scam.
Canada’s two biggest banks surprised the market with dividend hikes on Thursday as record earnings from their domestic bank networks helped them turn in better-than-expected quarterly profits.
Canada’s current account deficit in 2011 dropped slightly from the record set in 2010 and is shrinking in proportion to gross domestic product, indicating the worst of the economic crisis may be over.
The pace of growth in Canadian manufacturing picked up modestly in February after weakening the previous month, helped by a pickup in output and new orders despite a fall in export demand.
Chinese quarantine authorities will allow imports of Canadian canola by some selected crushers located in major growing areas, partially lifting a ban it imposed because of fungal disease concerns, traders said on Thursday.
If you haven't tightened your belts, folks, don't worry, because Finance Minister Jim Flaherty will do it for you March 29.
James Murdoch, the younger son of Rupert, will relinquish his position as executive chairman of News International, following a phone-hacking scandal that shut down the News Of The World newspaper and led to the arrest of several company executives and journalists.
TD Bank, the U.S. arm of Canada’s Toronto-Dominion Bank, has reached a settlement with investors who claimed it helped a South Florida lawyer convicted of running a $1.2 billion Ponzi scheme, a bank spokeswoman said on Tuesday.
The federal government spending for the coming fiscal year is expected to be tightly controlled even before the implementation of planned budget cuts aimed at reducing the deficit, official figures released on Tuesday showed.
Shares of SNC-Lavalin Group Inc tumbled on Tuesday after it revealed a probe into tens of millions of dollars of mysterious payments and warned that the impact of Libya’s civil war would push its 2011 profit well below earlier forecasts.
Bank of Montreal reported a better-than-expected rise in quarterly earnings, driven by lower losses for bad loans and its acquisition of Wisconsin lender Marshall & Ilsley last year.
The Canada Pension Plan Investment Board, one of the world’s largest dealmakers, said on Tuesday that Mark Wiseman, executive vice president and head of investments, will take over as chief executive when current CEO David Denison retires in June.
For the past two decades, hundreds of hospitals have been privatized in Germany. The number of private for-profit hospitals grew by about 90%, whereas the number of public hospitals decreased by 43%. Today, roughly one-third of German hospitals are private for-profit.
Nissan is recalling about 7,400 cars and SUVs in Canada due to potential gas leaks that create a fire hazard.
The world’s leading economies worked on Sunday to line up a deal on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.
Canadians face stretched household budgets — even insolvency — when interest rates eventually rise or if housing prices fall, the Bank of Canada said Thursday.
Over the next four years, Lego's parent company will invest more than $530 million into an offshore wind farm project off the German coast.
Air Canada’s 8,600 mechanics, baggage handlers and cargo agents have rejected a tentative contract agreement with the country’s biggest airline, a union spokesman said on Wednesday, marking another setback for the carrier during a year of rocky labor relations.
Josh Buckley, chief executive of an online gaming start-up, is looking forward to next month's Game Developers Conference in San Francisco, particularly for the parties and the accompanying schmoozing with industry A-listers.
More than 1,500 Zellers workers who work at 12 stores across the province have ratified a new three-year collective agreement. The deal includes wage increases and enhanced severance pay in the case of a store closure.
Calvin McDonald remembers his first job: Pulling a wagon loaded with Sears catalogues and delivering them to homes in this small southwestern Ontario city.
Canada’s annual inflation rate edged up in January but the increase is unlikely to put pressure on the Bank of Canada, which looks set to keep interest rates on hold for much of 2012.
Logos surround us on a daily basis. They are a company’s nameplate — their welcoming mat in a way.
Four months after one of Japan’s biggest corporate scandals, police and prosecutors on Thursday arrested seven men, including the former president of Olympus Corp and ex-bankers, over their role in a $1.7 billion US accounting fraud at the medical equipment and camera maker.
General Motors Co said on Wednesday it will end traditional defined benefit pension plans for its U.S. white-collar employees, seen as consistent with its goal of lowering pension risk for investors.
Several farmer organizations that support the Canadian Wheat Board’s grain marketing monopoly are launching a court action aimed at restoring farmer control of the board and collecting $17 billion in damages for farmers.
Air Canada and its 3,000 pilots will continue labor negotiations with the help of a government-appointed mediator, even as the pilots voted overwhelmingly in favor of giving their negotiators the option to call a strike.
Canada stepped up pressure on Washington on Monday to rewrite its controversial Volcker rule to remove restrictions on Canadian bank activities that it says do not threaten the U.S. financial system.
Air Canada said on Monday that contract talks with its 3,000 pilots are scheduled to continue this week, adding it is confident it can avoid a labour disruption, which could come as early as Friday morning.
While the majority of Canadian couples have discussed retirement, very few have started making serious plans, according to a new survey.
Don Kingsborough wants PayPal displayed alongside Visa, MasterCard and American Express in retail stores. To get there, he will compete aggressively on price.
The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.
What if, this Valentine's Day, that rascal Cupid mistakenly shoots you with two arrows instead of one, and you fall head over heels for a pair of identical twins?
Eastman Kodak Co, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs.
The chief executive of Empire Co Ltd’s Sobeys Inc grocery store chain will retire in the spring because of a health problem, the Canadian company said on Wednesday.
The Bank of Canada has noticed some slowing in credit growth but remains concerned that some borrowers are spending more than they earn and are therefore vulnerable, Senior Deputy Governor Tiff Macklem said on Tuesday.
Walmart Stores Inc's Canadian unit will invest more than $750 million in 73 projects in the next twelve months, as the world's biggest retailer moves aggressively to stay ahead of competitors such as Target Corp.
Is what is good for Chrysler good for America?
Canada’s sluggish economy caused the job market to stall unexpectedly in January, adding to a string of soft data and providing another reason for the Bank of Canada to keep its policy stimulative for longer.
Could we be living up to 150 years in a not-too-distant future? It sounds like science fiction, but there is a whole field of serious research called "life extension science" devoted to finding ways to make us live longer, much longer.
TMX Group, Canada’s biggest stock exchange operator, said on Wednesday it will introduce new technology in 2013 that will increase the speed of making trades “twentyfold” as it seeks to attract business around the world.
Chrysler Canada said on Wednesday it was the country’s top-selling automaker in January with sales of its passenger vehicles rising 158%.
Canadian manufacturing growth slowed sharply in January, with output and new order gains well down from December, in the latest sign that Europe’s economic crisis is slowing the Canadian economy.
The Canadian group bidding for the country’s biggest stock exchange extended its offer for another month on Tuesday.
Canada’s economy unexpectedly shrank in November for the first time since May, setting the stage for lacklustre fourth-quarter growth and a sluggish start to 2012.
Most Canadian shoppers stayed on budget over the holidays, a new survey says. The Royal Bank of Canada poll found 69% of Canadians kept their spending in check due to concerns about debt levels.
Canada should consider using new tools to control the high level of household debt, which is one of two big threats to the country’s financial system, the G20’s Financial Stability Board (FSB) said in a report on Monday.
Target Corp will look for franchise owners to operate pharmacies in as many of its Canadian stores as possible, the U.S. discount retailer said on Monday.
Greece and its private creditors worked on stitching together the final bits of a complex debt swap agreement on Saturday, amid growing optimism a deal will be clinched in time to avert an unruly default.
Canada’s economy created 21,700 net new jobs in December, up from the 17,500 previously reported, according to revised data released by Statistics Canada on Friday.
A major home-appliance maker will be closing its Montreal plant in 2014, at a cost of nearly 700 jobs.
Caterpillar Inc. — parent company of locomotive builder Electro-Motive of London, Ont., where workers have been locked out for 26 days — reported a 58% rise in quarterly earnings Thursday.
Walking in various Canadian cities, one cannot help but notice several billboards and advertisements for a relatively new sport called mixed martial arts (MMA) and one of its leading stars - Georges St. Pierre.
Air Canada pilots said on Tuesday the airline had abandoned contract talks in the hope that Ottawa would step in to resolve the dispute, but the country’s largest carrier said it was awaiting the union’s response to its latest offer.
The country's biggest union may be about to get bigger. The Canadian Auto Workers, with more than 200,000 members, is considering a merger with the Communications, Energy and Paperworkers Union.
Consumers look set to be the main drivers of Canada's economic growth after a report on Friday showed retail sales continued to surpass expectations in November and climb for the fourth straight month.
Unemployed workers in Canada's educational services sector faced the toughest job market in the country in the July-September period, according to a new Statistics Canada report on Tuesday.
The federal government is putting $5 million into a training fund to make southern Ontario manufacturers more competitive.
Canadian Pacific Railway said it signed a 10-year agreement with Canpotex Ltd to transport a large majority of shipments to the potash marketing consortium's main terminal in Vancouver.
Canada and the United States have extended their softwood lumber agreement until 2015.
Slower profit growth is in the cards for Canada's biggest companies this year, as Europe's downturn dims the outlook but mounting U.S. economic strength provides support.
The accountant responsible for forecasting Nortel Networks’ finances told a Toronto court Friday he was “perplexed” by its first-quarter financial statement of 2003.
The prosecution’s fraud case against three former executives at bankrupt Nortel Networks is “preposterous” and “entirely without merit,” court heard Thursday.
Kraft Foods will cut 1,600 jobs in Canada and the U.S. over the next year, as part of a large restructuring of the company.
Three fired Nortel Networks executives not only knew about, but supported their staff in rigging company books to show mega-million-dollar profits in order to pocket big bonuses, a court heard Wednesday.
Canada's economy is facing "considerable external headwinds" in 2012, says Bank of Canada Governor Mark Carney.
For someone like me whose job is to promote good public policies, the intellectual mushiness of most mainstream politicians is a major source of irritation.
The years-long delay in bringing three former Nortel Networks executives to trial for fraud has reinforced Canada's well-earned reputation as a laggard in markets enforcement, particularly when compared with the United States, its critics say.
The Bank of Canada is maintaining its target for the overnight rate at 1%.
North American gas companies face a challenging year amid a weak gas price environment, according to CIBC World Markets, which downgraded Enerplus Corp, Paramount Resources Ltd and Fairborne Energy Ltd .
Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up $14.99 billion worth, compared with just $3.85 billion in October, Statistics Canada said on Tuesday.
WestJet is exploring whether a regional spinoff carrier will fly with its staff.
Three former executives at bankrupt Nortel Networks reached into the “cookie jar” a decade ago to enrich themselves, prosecutors said, opening a fraud trial that dredged up memories of one of the most spectacular casualties of the 1990’s dot-com bubble.
Many small-business owners feel the Canada Revenue Agency intimidates them and treats them like criminals, a new survey says.
Sales of existing homes in Canada rose slightly in December from November, while the number of newly listed properties also increased, suggesting low borrowing costs continued to support the housing market and offset the drag of a slowing economy.
Deep in the financial crisis, a Canadian pension fund entrusted with the nest eggs of 17 million workers bet a chunk of that money on Internet phone service Skype, venturing well outside its tradition of long-term, conservative investing.
The head of Canada's most storied pension fund wants rivals to be partners as debt-laden governments offload assets, and says a recent bid with two other pension funds for the nation's leading stock market operator is a good start.
Leo De Bever, head of the Albera Investment Management Corp, likes the kind of assets that most investors wouldn't touch, like a broken forestry program in Australia, owned by an army of investors and facing legal problems that would take a decade to unwind.
When Michael Nobrega talks about the cash crunch facing governments around the world this year, he sees big potential where others see financial crisis.
As Jim Leech contemplates his fund's strategy for expanding around the world, he needed only to remember how his massive Ontario Teachers' Pension Plan parachuted into Brazil's then-nascent investment market less than a decade ago.
The battle within the wireless industry is ramping up once again as Industry Canada is set to announce in the coming weeks whether or not it is reserving the the low 700 MHz frequencies for new mobile telephone companies.
Most Canadians didn't go overboard with holiday spending this year and are starting 2012 on a good financial note, according to the Bank of Montreal.
Hostess Brands Inc, a U.S. wholesale baker, on Wednesday filed for chapter 11 protection in Manhattan, just months after it emerged from bankruptcy.
Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report on Tuesday.
Canadian housing starts climbed more than expected in December, fuelled by low mortgage rates and an ongoing boom in condo construction, even as analysts predicted the once-hot sector would cool further in 2012.
Lululemon Athletica expects profit and sales in the current quarter to top earlier forecasts after holiday shoppers flocked to its shops to snap up the trendy yoga wear that have made the company a runaway retail success story.
Canadian businesses are feeling the squeeze of the tough global economy.
The global crisis shows that the world needs economic ethics and new rules so the financial system benefits all humanity, Pope Benedict said on Monday in his keynote speech for the New Year.
The value of Canadian building permits declined by 3.6% in November, largely as expected, after an 11.6% rise in October, Statistics Canada said Monday.
U.S. taxpayers owe an estimated $385 billion in unpaid taxes for 2006, up about a third from the "tax gap" five years before, the Internal Revenue Service (IRS) said.
Canada's jobless rate is rising and some experts say this proves the economy is wavering.
I never really believed in economic forecasting. First of all, the forecasters tend to be wrong at least half of the time or they only commit to the vaguest predictions.
Canada will likely see a second year of modest economic growth in 2012, but is highly vulnerable to turmoil in Europe, the United States and elsewhere, some of Canada's top economists predicted on Thursday.
Target Corporation says it plans to start hiring this year for its first foray into Canada, employing 150 to 200 at each new store.
Italian officials combating a national plague of tax evasion hit the jackpot in a swoop on a posh ski resort, catching 42 drivers of Ferraris and other luxury cars who had declared incomes of less than 30,000 euros ($38,700) a year.
Ford Motor Co of Canada said on Wednesday it was Canada's top-selling automaker in 2011 for the second consecutive year, boosted by sales of its F-Series pickup truck.
U.S. securities regulators charged an Illinois-based investment adviser on Wednesday with using LinkedIn and other social media networking websites to lure investors by offering more than $500 billion in fake securities.
Bill Gross, the manager of the world's largest bond fund, is sounding like a Wall Street ghost-hunter in his latest investment letter.
Canadian manufacturing growth rebounded in December after a two-month decline as both new orders and output jumped, suggesting a slowdown in the last quarter of 2011 may not be as severe as many feared, data on Tuesday showed.
By Tuesday afternoon, Canada's 100 highest-paid CEOs will have pocketed an average of $44,366 — what it takes the average Canadian a year to make — a new report says.