Business News
Canadian Press NewsAlert: Feds' food safety system mired in confusion
OTTAWA - Canada's auditor general says confusion reigns at the Canadian Food Inspection Agency once a major food recall is announced, raising questions about...
Oil heads lower after Iran nuclear deal raises chance sanctions will be lifted
The price of oil dropped to near US$94 a barrel Monday as a deal between Iran and six world powers on the country's nuclear program raised the possibility that...
NHL, Rogers reach 12-year $5.2B deal
The National Hockey League says it has reached a 12-year, $5.2-billion agreement with Rogers Communications for the league's broadcast and multimedia...
Storm poised to threaten holiday travel
Snow and ice are forecast for the northeast of the country as a deadly storm that started on the West Coast last week gathers steam Tuesday and powers toward...
Record box-office haul for 'Hunger Games: Catching Fire' revised to $158.1 million
NEW YORK, N.Y. - The scorching box office haul for "The Hunger Games: Catching Fire" has been adjusted to $158.1 million, dropping it a few notches in the...
Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO - Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (13,472.22 down 6.12...
First new-generation Montreal subway cars unveiled at Bombardier plant
LA POCATIERE, Que. - The consortium developing the next generation of cars for Montreal's subway system unveiled the first of the new vehicles Monday.Nine cars...
Stocks end little changed after mixed corporate news and expectations of more oil supply
NEW YORK, N.Y. - The U.S. stock market is ending little changed as investors absorb a mixed batch of corporate news and anticipate lower oil prices.The Dow...
Toronto stock market closes little changed in wake of nuclear deal with Iran
TORONTO - The Toronto stock market closed little changed Monday as energy prices and stocks declined further after Iran and world powers arrived at an agreement...
WTO chief says negotiators in Geneva fail to reach global trade deal, no treaty next week
GENEVA - The director-general of the World Trade Organization says negotiators have failed to craft the first global trade deal in more than a decade, which...
Loonie falls alongside gold, oil, US$ strengthens in wake of Iran nuclear deal
TORONTO - The Canadian dollar closed lower Monday as oil and gold prices retreated and the U.S. dollar strengthened following an agreement between Iran and...
Self-help author convicted in deaths of 3 people in Ariz. sweat lodge ceremony still anguished
PHOENIX - A self-help author who spent nearly two years in prison for the deaths of three people following a northern Arizona sweat lodge ceremony said he's...
Deal in principle reached by Argentina, Spain to compensate Repsol over YPF expropriation
BUENOS AIRES, Argentina - Argentina's government said Monday it has reached an agreement in principle to compensate Spain's Repsol for last year's 51 per cent...
BlackBerry shakes up its executive ranks as operational changes sweep company
The executive offices at BlackBerry Ltd. (TSX:BB) are undergoing major changes as the smartphone maker announced Monday that chief operating officer Kristian...
Stocks edge higher after preliminary deal reached to limit Iran's nuclear program
NEW YORK, N.Y. - The stock market is edging higher in midday trading after the U.S. and other world powers reached a deal to limit Iran's nuclear program.The...
Fiat says no Chrysler IPO in 2013, likely in the first quarter of 2014
FLORENCE, Italy - Chrysler won't be offering its stock for sale on the public markets this year.Italian automaker Fiat SpA, Chrysler's majority owner, said in a...
Ottawa to eliminate deficit in 14 months; to run surplus afterwards
OTTAWA - Federal Finance Minister Jim Flaherty says he expects the government will be back in balance in about 14 months and run a surplus from that point...
Apple acquires Israel-based motion chip maker PrimeSense, terms not disclosed
NEW YORK, N.Y. - Apple has acquired Israel-based motion technology company PrimeSense for an undisclosed sum.PrimeSense spokeswoman Kayla Egbert confirmed the...
Two cameras developed by Vancouver's Urthecast headed for space station
UNDATED, Unknown Country - Two cameras that are expected to transmit images of the Earth on the Internet early next year have been launched and are headed for...
Enbridge CEO touts benefits of pipeline reversal project ahead of Quebec hearings
MONTREAL - Enbridge's chief executive touted the benefits of his company's pipeline reversal project Monday on the eve of public hearings on the issue by a...