×

Business Canada

  • TOKYO, Oct 10- The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.

  • NEW YORK, Oct 9- Ivanhoé Cambridge Inc has expanded its apartment ownership in Silicon Valley, spending $234 million for a project under construction and an existing building, the real estate arm of Canadian pension fund Caisse de dépôt et placement du Québec said Tuesday.

  • TORONTO, Oct 9- Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening. sank 3.7 percent to C $39.60, Goldcorp Inc. lost 3.9 percent to C $43.45, and Manulife Financial.

  • OTTAWA, Oct 9- The Canadian government hinted strongly on Tuesday it would exclude Chinese telecom equipment giant Huawei Technologies Co Ltd from helping to build a secure government communications network because of possible security risks.

  • OTTAWA, Oct 9- Morgan Stanley's Canadian unit won approval from Canadian authorities to participate directly in auctions for government securities, the Bank of Canada said on Tuesday.

  • TORONTO, Oct 9- Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening. The Toronto Stock Exchange's S&P/TSX composite index. unofficially ended down 145.42 points, or 1.17 percent, at 12,273.57.

  • --We are raising our issue-level rating on Montreal- based Resolute Forest Products Inc.' s US $850 million senior secured notes to' BB' from' BB-', and revising our recovery rating on the debt to' 2' from' 3'. --We base the revision to the recovery rating on the company's lower debt levels due to recent voluntary debt repayments from internally generated cash flows.

  • NEW YORK-- Shares of Optimer Pharmaceuticals tumbled 6 percent Tuesday as Wall Street weighed in on the company's marketing strategy and sales of its antibacterial drug Dificid. On Tuesday Oppenheimer& Co. analyst Christopher Holterhoff downgraded Optimer shares to "Perform" from "Outperform," and said he is not convinced the plan will work.

  • TORONTO, Oct 9- Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening. The Toronto Stock Exchange's S&P/TSX composite index. unofficially ended down 145.42 points, or 1.17 percent, at 12,273.57.

  • Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.

  • *Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.

  • "Neither too early, nor too late; neither too hot, nor too cold, 2012 looks to be the' Goldilocks' vintage, where everything is just right," said Christopher Howell, general manager of Cain Vineyard and Winery, referring to the story book character. Winemakers in Oregon, Washington, New York state and Canada are also excited by this year's harvest.

  • CPSC says Graco Children's Products recalls about 86,000 units of Graco.

  • TORONTO, Oct 9- Canada's main stock index hit its lowest level in over a week on Tuesday, tracking a fall in world markets, on caution over the upcoming earnings season and prospects for global growth. dropped 2.8 percent to C $39.96, Suncor Energy was down 0.3 percent to C $32.91, and Royal Bank of Canada lost 0.6 percent to C $57.10.

  • TORONTO, Oct 9- Shares of Research In Motion. Its aging line-up of BlackBerrys has been unable to compete with Apple Inc's iPhone and a slew of devices that run on Google Inc's Android software. Shares of RIM fell 3.5 percent to $7.96 in early trading on the Nasdaq, while its Toronto- listed shares fell 3.4 percent to C $7.77.

  • TORONTO, Oct 9- Canada's main stock index extended losses in a broad-based selloff on Tuesday, tracking U.S. shares lower amid worries about the upcoming earnings season and prospects for global growth.

  • TORONTO, Oct 9- Canada's main stock index opened lower on Tuesday, tracking a decline in world markets on caution about the upcoming earnings season and the prospects for global growth. Europe also kept investors on edge as uncertainty about when Spain will apply for a bailout worried markets and new concerns about Greece's direction weighed on sentiment.

  • TORONTO, Oct 9- Canadian housing starts slowed in September on declines in the apartment and condo market, but the fall was not as sharp as expected, Canada Mortgage and Housing Corp data showed on Tuesday.

  • FORT WORTH, Texas-- Less than two weeks after announcing plans to slash its operations in Mexico, Cash America is adding new pawn shops in the U.S. The Fort Worth, Texas, company said Tuesday that it has signed two deals for 34 locations, in Tennessee, North Carolina, Kentucky and Arizona, for $68 million to $72 million.

  • NEW YORK-- The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law. Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country.