Business News
TSX down, stronger U.S. dollar depresses commodity prices, pushes loonie lower
TORONTO - The Toronto stock market was solidly in the red late Friday morning as uncertainty over the Greek debt crisis again pushed the American currency higher and helped send oil and gold prices lo...
Armtec's full-year earnings up to $43.5M from $33.M as revenue rises
GUELPH, Ont. - Armtec Infrastructure Income Fund says it will continue to focus on cutting costs after posting higher full-year revenue helped by its recent acquisitions. The construction material ...
Nexen/Shell project makes 'significant' oil discovery in east Gulf of Mexico
CALGARY - Oil and gas producer Nexen Inc. (TSX:NXY) and partner Royal Dutch Shell (NYSE:RDS.A) have made a "significant" oil discovery in the eastern Gulf of Mexico, Nexen said Friday. The find at ...
Icahn makes hostile bid for Lions Gate after it rejects his bid for larger stake
NEW YORK - Activist shareholder Carl Icahn raised the stakes in his battle with Lions Gate Entertainment Corp. on Friday, launching an all-out bid to take over the company. The move comes a week af...
Atlantic Packaging closes Whitby newsprint plant, 151 employees affected
TORONTO - Paper and cardboard company Atlantic Packaging Products is closing its recycled newsprint plant in Whitby, Ont., citing a "drastic" decline in North American newsprint demand. The move af...
Arbitrator gives CN Rail locomotive engineers 6.8 per cent wage increase
MONTREAL - Canadian National Railways said Friday a federal arbitrator has awarded a 6.8 per cent wage increase over three years to locomotive engineers who participated in a five-day strike late last...
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