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TOP BUSINESS STORIES
The Canadian Press
CBC.ca
Last Updated: May 16 2012, 2:58 PM
CAE Inc. buys Oxford Aviation Academy
MONTREAL - CAE Inc. is expanding it global flight training capabilities and entering the pilot outsourcing business by acquiring Oxford Aviation Academy and a subsidiary for $314 million.
Full Story
Last Updated: May 16 2012, 2:46 PM
TSX gives up early gains, commodities slide
TORONTO - The Toronto stock market gave up solid gains Wednesday afternoon 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, 2:41 PM
Facebook investors to cash out more shares
NEW YORK, N.Y. - Insiders and early Facebook investors are taking advantage of increasing investor demand and selling more of their stock in the company's initial public offering, the company said Wednesday.
Last Updated: May 16 2012, 2:33 PM
TSX-listed corporate dividends, distributions
TORONTO - Dividends or distributions were declared or updated on the following listed issues on the Toronto Stock Exchange on May 16, 2012.<
Last Updated: May 16 2012, 2:21 PM
Travelex gold spot quote: C$1,550 close
TORONTO - Gold spot price was quoted at C$1,550 bid (US$1,534) and C$1,551 asked (US$1,535) at the close of trading Wednesday at Travelex Canada Ltd., a major gold and foreign exchange dealer.
Last Updated: May 16 2012, 1:57 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.
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Last Updated: May 16 2012, 1:46 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.
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.
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.
MORE BUSINESS STORIES
The Canadian Press
CBC.ca
Last Updated: May 16 2012, 2:04 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 16 2012, 1:58 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 it lurches through a political crisis that threatens its membership in the 17-nation eurozone.
Last Updated: May 16 2012, 1:04 PM
Oil price still falling as supplies grow
NEW YORK, N.Y. - The price of oil continues to decline as U.S. stockpiles continue to expand and global economic prospects remain uncertain.
Last Updated: May 16 2012, 12:55 PM
Costs of Quebec student protests adding up
MONTREAL - Quebec's ongoing student protests are costing millions of dollars, with retailers and restaurant owners in downtown Montreal saying business is down 15 per cent.
Last Updated: May 16 2012, 12:34 PM
Fine silver quotations: C$29.093 an ounce
TORONTO - Handy and Harman fine silver quotations in Canadian dollars:
Last Updated: May 16 2012, 12:20 PM
Foreign exchange rates at midday
TORONTO - These are indicative wholesale rates for foreign currency provided by the Bank of Montreal at midday on Wednesday. Please inquire at any branch for cash rates. Quotations in Canadian funds.
Last Updated: May 16 2012, 12:16 PM
UK judge: Kazakh banker can appeal while hiding
LONDON - A former Kazakh banker accused of embezzling $5 billion can remain in hiding while appealing his prison sentence, a British judge ruled Wednesday.
Last Updated: May 16 2012, 12:02 PM
London FT-100 closed at 5,405.25, down 32.37
LONDON, England - The Financial Times Index of 100 industrials closed at 5,405.25, down 32.37 points on Wednesday.
Last Updated: May 16 2012, 12:01 PM
TSXV noon is at 1,231.76, down 8.31 points
TORONTO - The TSX Venture Exchange was trading at 1,231.76, down 8.31 points on Wednesday. The volume at noon was 84.46 million shares.
Last Updated: May 16 2012, 11:37 AM
Loonie lower amid Greek political anxiety
TORONTO - The Canadian dollar was lower Wednesday as concern over a possible Greek exit from the eurozone continued to weigh on investors' appetite for risk.
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.
Last Updated: May 14 2012, 2:49 PM
Does sending Alberta oilsands crude east make more sense?
Dreams of getting more oilsands crude to Eastern Canada come at a time when western pipeline routes are mired in controversy and plans to go south face roadblocks. But only the market may ultimately determine whether they come to fruition.
Last Updated: May 14 2012, 2:01 PM
Canada and Poland set to expand energy relationship
Canada and Poland concluded a tax agreement and signalled new cooperation on energy, trade and investment during a visit by Polish Prime Minister Donald Tusk today.