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  • TORONTO _ Sears Canada Inc. on Wednesday reported profit of $10.9 million in its fiscal second quarter. Sears Canada shares have declined 36 percent since the beginning of the year. Keywords: Sears Canada, Earnings Report.

  • TORONTO— An antenna at the top of the Trump International Hotel and Tower Toronto that had been deemed unstable poses "no safety risk whatsoever," police said Tuesday. Now, Toronto Mayor John Tory has is vowing to get to the bottom of the scare that closed a large swath of the financial district of Canada's financial capital for nearly two days.

  • TORONTO, Sept 1- A healthy appetite for light trucks pushed auto sales in Canada to a monthly record in August, with Fiat Chrysler Automobiles nudging out Ford Motor Co as the top seller, according to data released on Thursday. General Motors Co's sales, meanwhile, jumped a healthy 12 percent. GM sold 24,653 cars and trucks in Canada, up from 22,111 a year earlier, as...

  • CALGARY, Sept 1- Nexen Energy, the Canadian subsidiary of Chinese state-owned CNOOC Ltd, is shutting down its Long Lake oil sands operations in northern Alberta in response to an emergency regulatory order, a company spokeswoman said on Tuesday. The provincial regulator ordered Nexen to shut in 95 pipelines at the Long Lake facility last Friday as part of an...

  • TORONTO, Sept 1- Canada's main stock index fell 2.7 percent on Tuesday, in a broad retreat led by financial and energy stocks as oil prices slumped, weak Chinese data renewed fears of slowing growth, and Canada officially slipped into recession. Canada's energy sector, a major force on the index, dropped 4.6 percent as crude tumbled after a three-day rally.

  • OTTAWA, Sept 1- Having staked his reputation on strong economic management, Canadian Prime Minister Stephen Harper has decided that the best way to win re-election when the headlines say recession is to convince the country it is no longer in one. Tuesday brought the worst kind of news for a prime minister campaigning for a rare fourth term in office: government...

  • CALGARY, Alberta, Sept 1- ConocoPhillips and Husky Energy Inc announced key milestones in bringing two new oil sands projects online on Tuesday, underlining how some producers in the high-cost sector are boosting production even as crude prices tumble. The Canadian Association of Petroleum Producers forecast in June that oil sands production to hit 3.1...

  • Sept 1- Canada's Penn West Petroleum Ltd on Tuesday announced a number of measures, including a lower budget and job cuts, to chop costs and said it would only spend cash it earned from operations, a step that will shrink its growth prospects. ConocoPhillips also said on Tuesday it is laying off 400 employees and 100 contractors in Canada. Shares of the company, which...

  • OTTAWA, Sept 1- Prime Minister Stephen Harper, speaking in the wake of data confirming Canada slid into recession in the first half of the year, said healthy growth in June showed the economy was back on track. Harper, campaigning ahead of an Oct. 19 election, said Canada had had a "couple of weak months" when he was asked about Statistics Canada figures which showed the...

  • TORONTO— Canada has fallen into a recession, dragged down by falling energy prices and economic troubles in China. Canada is the world's 11th- biggest economy and the United States' biggest trading partner. Harper, campaigning for a fourth term on a record of economic growth, refused Tuesday to recognize that Canada is in a recession.

  • OTTAWA, Sept 1- The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed. Gross domestic product contracted at an annualized 0.5 percent rate in the second quarter, Statistics...

  • CALGARY, Alberta _ Americas Petrogas Inc. on Tuesday reported a loss of $7.1 million in its second quarter. The Calgary, Alberta- based company said it had a loss of 3 cents per share. Keywords: Americas Petrogas, Earnings Report.

  • The 72nd Venice Film Festival opens Wednesday, followed later in September by movie extravaganzas in Toronto, Telluride and New York. Venice, the oldest and stateliest of the bunch, brings 11 days of red carpets, flashbulbs, parties and premieres to the canal-crossed Italian city. This year's festival opens with Baltasar Kormakur's thriller "Everest," which...

  • Sept 1- Canada's Penn West Petroleum Ltd cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 percent of its workforce as it copes with the slump in crude oil prices. Penn West had in March slashed its quarterly dividend to 1 Canadian cent per share from 14 Canadian cents. The Calgary, Alberta- based company...

  • BUENOS AIRES, Argentina— Arquimides Puccio seemed to neighbors like a pious, conservative and obsessively tidy man. Several times a day, he'd sweep the sidewalk in front of his home in an upper-class Buenos Aires neighborhood. It's headed for film festivals in Venice, Toronto and San Sebastian, followed by release later in Europe and possibly the United States.

  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers rejected a move by Freeport-McMoRan Inc to drastically cut staff at its El Abra mine and said on Monday it was considering action. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first big global miners to announce it was slashing...

  • CALGARY, Alberta, Aug 31- The Canadian province of Alberta, which has been hammered by falling crude prices, is forecasting a record budget deficit of C $5.9 billion this year, which could increase to C $6.5 billion, Finance Minister Joe Ceci said on Monday. Alberta, home to Canada's oil sands and the largest source of U.S. crude imports, has struggled with a sharp drop...

  • Canada's Alberta forecasts record budget deficit Monday, 31 Aug 2015 | 3:55 PM ET

    CALGARY, Alberta, Aug 31- The Canadian crude-producing province of Alberta is forecasting a record budget deficit of C $5.9 billion this year, which could increase to C $6.5 billion, finance minister Joe Ceci said on Monday in an updated first quarter forecast.

  • ALBERTA'S CECI SAYS PROVINCIAL GOVERNMENT LOOKING TO BALANCE BUDGET IN 2018-2019.

  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers on Monday rejected a move to drastically cut staff at the El Abra mine owned by Freeport-McMoRan and was considering action after 700 workers had their jobs terminated at the weekend. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the...