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TOP BUSINESS STORIES
The Canadian Press
CBC.ca
Last Updated: May 16 2012, 7:43 PM
Canada axes foreign studies despite spinoffs
OTTAWA - Foreign Affairs is axing a $5-million program that funds Canadian studies abroad even though the department was told two years ago the program generates $70-million a year for the country's economy.
Full Story
Last Updated: May 16 2012, 7:18 PM
Data doesn't deter Mulcair's Dutch diagnosis
OTTAWA - Tom Mulcair isn't backing down from his controversial diagnosis that Canada is suffering from "Dutch disease," despite conflicting evidence and a mounting backlash from western premiers.
Last Updated: May 16 2012, 7:07 PM
NDP start hearings on massive budget bill
OTTAWA - Two years ago, Errol Mendes showed up at Liberal-sponsored public hearings to decry the erosion of parliamentary democracy in Canada.
Last Updated: May 16 2012, 6:55 PM
Greece gets caretaker PM until next vote in June
ATHENS, Greece - A senior judge was sworn in Wednesday to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.
Last Updated: May 16 2012, 6:16 PM
Final Wall Street: Dow closes at 12,598.55
Dow Jones Industrials
Last Updated: May 16 2012, 4:58 PM
Spain, Greece, continue to worry investors
Europe's debt crisis threatened to further undermine Spain's ability to borrow Wednesday, as lenders demanded yields that neared the seven per cent level that forced Greece, Ireland and Portugal to accept bailouts.
Full Story
Last Updated: May 16 2012, 4:37 PM
Federal Reserve moves closer to more stimulus
Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.
Last Updated: May 16 2012, 4:05 PM
Oil a net benefit to Canada, studies suggest
The debate over the benfits of oil exports to Canada's economy continued Wednesday with the release of two reports, one which tried to debunk the notion they hurt manufacturing in central Canada and another that found sudden price spikes are a net negative.
Last Updated: May 16 2012, 3:21 PM
JPMorgan faces FBI investigation, lawsuits
The FBI confirmed Wednesday it has opened a "preliminary" investigation into a $2 billion US trading loss at the biggest U.S. bank, JPMorgan Chase.
Last Updated: May 16 2012, 8:20 AM
Greece seeing deposits drain, report says
The Wall Street Journal reported Tuesday that the Greek president has warned that depositors withdrew €700 million ($896 million Cdn) from local banks Monday.
MORE BUSINESS STORIES
The Canadian Press
CBC.ca
Last Updated: May 16 2012, 6:12 PM
Deere fiscal 2Q profit rises, beats expectations
MOLINE, Ill. - Deere posted a 17 per cent spike in second quarter profit Wednesday and boosted its outlook for the year, predicting record-high global demand for its signature tractors, harvesters and seeders.
Last Updated: May 16 2012, 5:52 PM
Canada not immune to Greek crisis: Flaherty
OTTAWA - Finance Minister Jim Flaherty is warning the Canadian economy stands to feel the tremors from the political and financial quake in Greece.
Last Updated: May 16 2012, 5:41 PM
CAE Inc. buys Oxford Aviation Academy
MONTREAL - CAE Inc. is entering the pilot outsourcing business while also expanding its global flight training capabilities by acquiring Oxford Aviation Academy and a subsidiary for $314 million.
Last Updated: May 16 2012, 5:28 PM
Quebec student protests hurting bar district
MONTREAL - Bar hopping, shopping and dining out in downtown Montreal are taking a hit due to ongoing student protests that business owners say are chasing their customers away due to traffic headaches.
Last Updated: May 16 2012, 5:07 PM
Most actively traded companies on the TSX
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Last Updated: May 16 2012, 4:45 PM
TSX gives up early gains, commodities slide
TORONTO - The Toronto stock market gave up solid gains Wednesday as anxiety over Greece's possible exit from the eurozone trumped early moves to buy up stocks beaten down during a string of losses.
Last Updated: May 16 2012, 4:37 PM
Price of oil still falling as supplies grow
NEW YORK, N.Y. - The price of oil continues to decline on the expectation that world markets will be flush with extra supplies this year.
Last Updated: May 16 2012, 4:35 PM
Loonie lower amid Greek political anxiety
TORONTO - The Canadian dollar closed at a four-month low Wednesday as concern over a possible Greek exit from the eurozone continued to weigh on investors' appetite for risk.
Last Updated: May 16 2012, 4:33 PM
Canada Bond yields, prime rates for May 16
TORONTO - Canada Bond yields (previous day in brackets):
Last Updated: May 16 2012, 4:33 PM
Fed: Several members could support further easing
WASHINGTON - Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.
Last Updated: May 15 2012, 11:58 PM
Chinese firm's Canadian contracts raise security fears
The former head of U.S. counter-espionage says Canada is putting North American security at risk by allowing a Chinese tech giant to participate in major telecommunications projects.
Last Updated: May 15 2012, 10:41 PM
EI rules need 'teeth' to get people to work, Finley says
Human Resources Minister Diane Finley said Tuesday that the government is trying to remove disincentives in the employment insurance system and add more "teeth" to the rules.
Last Updated: May 15 2012, 10:31 PM
Canadian home prices flatten in April
The average selling price of a Canadian resale home was a little less than one per cent higher in April compared to the same month a year ago.
Last Updated: May 15 2012, 6:22 PM
SIN cards headed for scrap heap
The federal government is phasing out Social Insurance Number cards starting in 2014 to save money and cut down on the risk of them being used in identity theft.
Last Updated: May 15 2012, 5:40 PM
Shell moves closer to Kitimat LNG terminal
Royal Dutch Shell says it has given a tentative go ahead for a liquefied natural gas project in Kitimat, B.C., alongside three Asian Partners.
Last Updated: May 15 2012, 4:40 PM
Workers divided on American Airlines' final offer
American Airlines ground workers split over a final contract offer from the company that would spare some jobs targeted for elimination.
Last Updated: May 15 2012, 1:46 PM
Statoil secures rig, plans three exploration wells
Statoil says it has reached a deal for a rig to drill three wells in the Newfoundland offshore in 2012 and 2013.
Last Updated: May 15 2012, 7:44 AM
Bankers group pitches cellphones as digital wallets
Canada's biggest banks have unveiled a blueprint for turning cellphones into mobile payment terminals, a key step in a process that could revolutionize the way Canadians pay for purchases at retailers.
Last Updated: May 14 2012, 8:15 PM
Stocks, dollar fall on Greece worries
The Toronto stock market fell sharply along with other world markets Monday as talks aimed at forming a new Greek government failed, raising worries the country may have to exit the eurozone.
Last Updated: May 14 2012, 6:56 PM
Alberta charges crude oil producer over alleged gas leak
One of Canada's largest independent producers of crude oil has been charged by the Alberta government after it allegedly released hydrogen sulphide gas into the atmosphere north of Fort McMurray.