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TOP BUSINESS STORIES
The Canadian Press
CBC.ca
Last Updated: November 20 2009, 4:43 PM
Transat beefs up France operations by teaming with travel agency network
MONTREAL - Tour operator Transat A.T. (TSX:TRZ.B) is hoping to expand its presence and revenues in France by partnering with that country's largest travel agency network.
Full Story
Last Updated: November 20 2009, 4:41 PM
Ontex Resources to acquire Roxmark Mines in all-stock transaction
TORONTO - Roxmark Mines Ltd (TSXV-RMK) said Friday it plans to amalgamate with Ontex Resources Ltd. (TSX:ONT) in an all-stock transaction to form a new company that will eventually be called Goldstone Resources Ltd.
Last Updated: November 20 2009, 4:14 PM
Consumers now able to get lower prices on higher quality electronics
MONTREAL - Prices for the latest hot digital gadgets have been falling, allowing consumers to trade up at lower prices, says the research firm NDP Group Canada.
Last Updated: November 20 2009, 4:12 PM
Flaherty says government will undertake no new spending in next year's budget
TORONTO - Emphasizing that government stimulus spending is a temporary measure, federal Finance Minister Jim Flaherty says the Conservative government doesn't plan to undertake major new spending initiatives in next year's budget.
Last Updated: November 20 2009, 4:11 PM
Senate panel will take up Bernanke's nomination to second Fed term on December 3
WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.
Last Updated: November 20 2009, 3:11 PM
Ottawa will stay course on stimulus: Flaherty
Rather than turning off the stimulus taps or pouring more fuel on the economic fire, Ottawa will stand pat with the $61 billion in stimulus spending announced in January, Finance Minister Jim Flaherty says.
Full Story
Last Updated: November 20 2009, 4:17 PM
The 10-billion-barrel battle
Henry Lyatsky is a man on a mission.
Last Updated: November 20 2009, 3:48 PM
Auto parts strike would affect thousands
A potential strike at an automotive parts plant in Lakeshore, Ont., has put the region's auto community on edge.
Last Updated: November 20 2009, 12:14 PM
Bankruptcies soar 43%
The number of bankruptcies across the country was 43 per cent higher in September than at the same point a year ago, government data shows.
Last Updated: November 19 2009, 1:06 PM
Flaherty seeks voluntary changes to card fees
Finance Minister Jim Flaherty has proposed a voluntary code of conduct for credit and debit card providers that he says will "level the playing field" for consumers and small businesses.
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The Canadian Press
CBC.ca
Last Updated: November 20 2009, 3:34 PM
Travelex gold quotes at close: C$1,230 bid, C$1,231 ask; silver C$19.79 bid
TORONTO - Gold was quoted at C$1,230 bid (US$1,149) and C$1,231 asked (US$1,150) at the close of trading Friday Travelex Canada Ltd., a major gold and foreign exchange dealer.
Last Updated: November 20 2009, 3:29 PM
AbitibiBowater juggles to avoid large tax bills from $250 million loan
MONTREAL - A $250-million loan between Canadian and U.S. subsidiaries of AbitibiBowater is forcing the company to juggle its corporate structure to avoid a big tax bill.
Last Updated: November 20 2009, 3:28 PM
Weak demand and rising crude prices lead to another refinery closing; 550 workers let go
WILMINGTON, Del. - Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of the operations shutting down in recent months.
Last Updated: November 20 2009, 2:38 PM
CF gets three directors on Terra board, complicating hostile Agrium bid
CALGARY - Agrium Inc.'s (TSX:AGU) reluctant U.S. takeover target, CF Industries Holdings Inc. (NYSE:CF), made headway in a hostile bid of its own Friday, installing its nominees on the board of Terra Industries Inc. (NYSE:TRA).
Last Updated: November 20 2009, 2:35 PM
MacDonald Dettwiler signs $200 million communications deal with Russians
VANCOUVER, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Friday that it has signed a satellite technology contract with the Russian Radio Research and Development Institute (NIIR) worth more than $200 million.
Last Updated: November 20 2009, 2:34 PM
Stock markets lower as Dell earns disappoint, U.S. dollar weakens
TORONTO - The Toronto stock market was slightly lower Friday afternoon, led by energy sector declines as demand concerns and a rising U.S. dollar pushed crude prices lower.
Last Updated: November 20 2009, 2:06 PM
Business bankruptcies jump in September, joining consumers in the insolvency line
OTTAWA - After hunkering down throughout most of the recession, Canadian businesses began lining up with consumers at the bankruptcy office in September, according to government data released Friday.
Last Updated: November 20 2009, 2:04 PM
Saputo, Kraft appeal court ruling upholding federal cheese regulations
MONTREAL - Saputo (TSX:SAP) and Kraft have appealed a Federal Court ruling that upheld new federal cheese regulations.
Last Updated: November 20 2009, 1:37 PM
Fine silver quotations Friday: C$20.591 ounce
TORONTO - Handy and Harman fine silver quotations in Canadian dollars: Friday $20.591 oz., $618.37 kg.; Thursday $20.361 oz., $654.61 kg.
Last Updated: November 20 2009, 12:21 PM
General Motors expects a plan for its European operations by mid December
FRANKFURT, Germany - General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek.
Last Updated: November 19 2009, 11:47 AM
Job losses haven't peaked: OECD
The economic rebound in developed economies is still timid and not enough to make a dent in unemployment, the Organization for Economic Co-operation and Development said Thursday.
Last Updated: November 20 2009, 12:12 PM
Canada's super-rich
If it's true that "money talks," then the bank accounts of Canada's wealthiest citizens are doing a lot of blabbing these days.
Last Updated: November 19 2009, 2:55 PM
Mexico revokes Canadian miner New Gold's permit
The Mexican government has revoked a permit granted to gold miner New Gold Inc. to operate at the Cerro San Pedro site in central Mexico.
Last Updated: November 19 2009, 3:22 PM
Ex-student off hook for $50K in loans
A Nova Scotia court has ruled that a former university student does not have to pay back tens of thousands of dollars he borrowed from a bank.
Last Updated: November 19 2009, 11:49 AM
N.W.T. diamond mine to hire 150 new workers
The Diavik diamond mine in the Northwest Territories is on the verge of hiring 150 new employees as it starts moving its operations underground in the new year.
Last Updated: November 19 2009, 5:14 PM
Priszm unit price plunges
Toronto-based Priszm Income Fund's unit price fell almost 20 per cent Thursday.
Last Updated: November 19 2009, 11:24 AM
Agrium extends CF offer
Calgary-based Agrium Inc. isn't giving up on its bid to become the world's No. 2 publicly-traded maker of nitrogen fertilizers.
Last Updated: November 19 2009, 9:36 AM
Canada's leading index up 0.7% in October
The national composite leading index rose by 0.7 per cent in October, the fourth straight monthly increase, Statistics Canada revealed Thursday.
Last Updated: November 19 2009, 10:57 AM
Richest Canadians get richer
The Thomson family has reinforced its position as Canada's wealthiest during a year that has been good for Canadian billionaires overall, according to an annual tally by Canadian Business magazine.
Last Updated: November 19 2009, 6:21 PM
Canada hurt by China's fixed yuan: Carney
Bank of Canada governor Mark Carney says Canada is paying the price for China's intransigence in moving to a flexible currency exchange.