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Business Canada

  • Oct. 2- Both the Canadian Credit Card Quality Index charge-off rate and the Canadian unemployment rate remained unchanged in August from July, at 3.8% and 7.3%, respectively, said an article published today by Standard& Poor's Ratings Services, titled "Canadian Credit Card Quality Index Report: Performance Remained Relatively Flat In August 2012."

  • TORONTO, Oct 2- Quebec's plan to scrap a general health levy and pay for it by boosting taxes on the rich could cut provincial government revenues by C $800 million a year, according to a study released on Tuesday by a conservative Canadian think tank.

  • Oct 2- Cenovus Energy Inc:. *Agreement to buy remaining assets of Oilsands Quest received approval from. Alberta court of Queen's bench.

  • **ARQULE INC, $2.30, down 53.9 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **GENERAL MOTORS, $23.82, up 3 pct. Hedge fund manager David Einhorn said auto-maker General Motors "is much healthier now," and is getting its product refreshments "right."

  • LOS ANGELES, Oct 2- Japan's Sumitomo Corp. The photovoltaic solar project is being built by First Solar Inc and has agreements in place to provide power to California utilities Southern California Edison and Pacific Gas& Electric. It is expected to be fully operational by 2015, according to First Solar's website.

  • By Louise Egan and Randall Palmer. OTTAWA, Oct 2- Canada's main opposition party on Tuesday urged the Conservative government not to rubber-stamp a bid by China's CNOOC Ltd to buy oil company Nexen Inc.

  • Oct 2- Labrador Iron Ore Royalty Corp:. *Receives final order from the Ontario superior court of justice and files. date of October 3, 2012.

  • --We are affirming our' A' rating on Chinook's C $156.7 million senior secured bond due March 31, 2043. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services revised its outlook on Chinook Roads Partnership to negative from stable.

  • *Pleased with current ConocoPhillips partnership. CALGARY, Alberta, Oct 2- Total SA is content with the pace of developing its Canadian oil sands assets even as Suncor Energy Inc, its joint venture partner, said it was in no rush to bring a host of multibillion-dollar projects on line, an executive said on Tuesday.

  • The Dow and S&P 500 turned negative while the Nasdaq cut its gains in late morning on Tuesday, with materials and energy shares leading declines on the S&P. **ARQULE INC $2.21 down 55.5 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **FORD MOTOR CO, $9.78, down 1.6 pct.

  • TORONTO, Oct 2- Ford Motor Co's Canadian vehicle sales dropped 8 percent in September from a year earlier, while Chrysler Canada said its sales rose 2 percent, its best September since 2000.. Chrysler, a unit of Fiat SpA, said September sales rose 2 percent to 19,555 vehicles, with year-to-date sales up 6 percent at 194,572..

  • TORONTO, Oct 2- Canada's main stock index was little changed in choppy trade on Tuesday as enthusiasm on signs that a bailout request from Spain was imminent faded as investors awaited a new catalyst after a strong third quarter. Cenovus Energy was the most influential gainer, rising 2.3 percent to C $35.36. climbed 1.7 percent to C $31.47 and Suncor Energy.

  • NEW YORK, Oct 2- Bill Gross, founder and co-chief investment officer of bond giant PIMCO, said he sees the U.S. going the way of Greece if it does not get its fiscal house in order.

  • TORONTO, Oct 2- Canada's main stock index turned negative shortly after the open on Tuesday as energy and financial shares gave up earlier gains and materials dropped sharply. The Toronto Stock Exchange's S&P/TSX composite index. was down 13.63 points, or 0.1 percent, at 12,356.56.

  • TORONTO, Oct 2- Canada's main stock index opened higher on Tuesday, led by financials and energy shares, as euro zone worries eased on expectations of an imminent bailout request from Spain. The Toronto Stock Exchange's S&P/TSX composite index. opened up 8.28 points, or 0.07 percent, at 12,378.47. before modestly extending gains.

  • COLUMBUS, Ohio-- Shares of Express declined 17 percent in premarket trading Tuesday after the clothing retailer cut its forecast for the current quarter because of fewer shoppers in September and heavy discounting.

  • Oct 2- Canada's main stock index looked set for a higher open on Tuesday, as euro zone worries eased after a report ignited expectations of an imminent bailout request from Spain.

  • Oct 2- Baytex Energy Corp:. *Says total consideration for the acquisition of $120 million. in cold lake area of Alberta.

  • TORONTO, Oct 1- AOL Inc entered the mobile gaming market with a social video guessing game available on Apple's iPhone that uses voice recognition technology to keep players from cheating.