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The Canadian PressCBC.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.

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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.

In this product image provided by Hewlett Packard, the HP Mini laptop computer is shown. (THE ASSOCIATED PRESS/Hewlett Packard)

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.

Minister of Finance Jim Flaherty speaks during question period in the House of Commons on Parliament Hill in Ottawa, Ont., on Thursday November 19, 2009. THE CANADIAN PRESS/Sean Kilpatrick

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.

Ben Bernanke, chairman of the Federal Reserve Bank, speaks at a meeting of The Economic Club of New York, Monday, Nov. 16, 2009. (THE ASSOCIATED PRESS/Mark Lennihan)

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.

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The Canadian PressCBC.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.

People using mobile phones walk by a securities firm`s electronic board indicating global stock prices in Tokyo. The benchmark Nikkei 225 stock average lost 51.79 points, or 0.5 percent, to 9,492.74, the lowest finish since July 17 when the key index closed at 9,395.32. (THE ASSOCIATED PRESS/Shizuo Kambayashi)

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.

Chairman of the Board of Saputo Lino Saputo addresses the company`s AGM in Laval, Que., Wednesday July 6, 2008. THE CANADIAN PRESS Graham Hughes

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.

CEO of General Motors Co. Fritz Henderson is seen at the Opel headquarter in Ruesselsheim, central Germany, Nov. 10, 2009. (THE ASSOCIATED PRESS/Michael Probst)

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.