Business Canada

  • Canada's Thomson won European regulatory approval Tuesday to buy news and information provider Reuters Group but must sell off financial research units to eliminate antitrust concerns, the European Commission said.

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    Warren Buffett answered questions for almost 90 minutes yesterday during his appearance in Toronto to promote Business Wire's expansion into Canada.  We focused on his credit, dollar and economy comments, but he made a lot of other news as well, including a revelation to Canada's National Post newspaper that he made "several hundred million dollars" owning the Canadian dollar, then sold, and now wishes he had kept his holdings in the Loonie.

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    Warren Buffett heads to Toronto tomorrow (Wednesday, February 6) to appear at an event for "investor relations and corporate communications professionals" drawing attention to Business Wire's expansion into Canada.  It is not open to the general public.

  • Sometimes it pays to be a follower -- especially when the fund you're behind jumped 80% in 2007.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

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    Blue Jays President and CEO Paul Godfrey remembers the 2002 and 2003 seasons quite vividly. What stings isn't the Blue Jays record over that time period, it was the currency exchange rate that crippled the team more.

  • I've returned to the sunny, smoggy, overpriced confines of Los Angeles, and I've opened up the ol' Funny Business email box. OUCH! On my Canada travels, Paul E. from Florida writes: "Why does Jane Wells' ignorance of things Canadian get translated into our ignorance? Lose it, already...

  • The Canadian Pension Plan Investment Board formally launched a $1.4 billion bid for a stake in New Zealand's Auckland International Airport on Friday, prompting the airport to seek rival offers.

  • A Canadian dollar, or loonie, sits in front of its American counterpart in Toronto on Thursday, Sept. 20, 2007. The Canadian dollar reached parity with the US dollar this morning for the first time since November 1976. (AP Photo/Adrian Wyld, The Canadian Press)

    During a visit to Toronto for a fundraiser, Warren Buffett predicts the Canadian dollar will continue to strengthen against the U.S. dollar over the next five years.

  • Australian investment bank Macquarie Bank will buy Canadian investment and brokerage firm Orion Financial for about $146 million in cash and stock.

  • As many as 100,000 Canadian workers could be laid off by the end of this week if the strike at General Motors' U.S. operations drags on, the head of the Canadian Auto Workers union said Monday.

  • Blackberry 8800

    I'm clearly not normal. At least,that's what I understand when I hear that flat panel TVs, GPS systems, computers and video games are at the top of gift request lists again this year. I only bought a new iPod when my old one died (Apple customer service leaves a lot to be desired) and I couldn't begin to tell you any details about my TV, other than it fits my entertainment center nicely...

  • Canada's state-backed pension fund said on Monday it will seek up to 49% of New Zealand's Auckland International Airport as a rival Dubai-based deal looks set to fail.

  • U.S. Steel is to acquire Stelco for about $1.1 billion to strengthen its position as a supplier of flat-rolled steel products in North America, the companies said.

  • A group of financial institutions unveiled a plan Thursday to ease a credit crunch in Canada's C$116 billion ($108 billion) asset-backed commercial paper market, winning tentative market applause though jitters remained.

  • Holcim said Wednesday it has completed the compulsory acquisition of minority shares in Canada's St. Lawrence Cement.

  • Stock in structured-finance firm Coventree lost more than half its value Tuesday after it said various Coventree-sponsored trusts could not fund maturities of Canadian asset-backed commercial paper due to what it called a "market disruption."

  • Alcan, which is fending off a hostile $28.8 billion bid from U.S. rival Alcoa, is closer to arranging a rival friendly deal and is expected to make an announcement this week, according to sources familiar with the situation.

  • Central African Mining & Exploration Company (CAMEC) said on Monday it planned to make an all-share bid for Canada's Katanga Mining, valuing the target at 773.1 million pounds ($1.56 billion).

  • The battle to take over Canada's biggest telephone company, BCE, may not be over yet, with other suitors saying they are considering their options, The Globe and Mail reported on Monday.