Business Canada


  • Another Canadian Pacific executive resigns Monday, 1 Oct 2012 | 5:58 PM ET

    Oct 1- Canadian Pacific Railway Ltd said chief operations officer Mike Franczak resigned effective immediately, the latest top executive to leave Canada's second-largest railroad.

  • *SEC can't impose limits on HFT without consensus-official. *Retail investors looking for SEC to lead on HFT reform.

  • TEXT-S&P affirms AdvancePierre Foods CCR at 'B' Monday, 1 Oct 2012 | 5:41 PM ET

    --AdvancePierre Foods is refinancing its existing debt and paying a special dividend to its shareholders. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services affirmed its' B' corporate credit rating on Cincinnati, Ohio- based AdvancePierre Foods Inc. The rating outlook is stable.

  • NEW YORK, Oct 1- Hedge fund manager Mick McGuire is betting on an eventual housing recovery by owning stakes in an aerospace and defense company, a sugar farming conglomerate and a land developer. While investments in GenCorp, Alexander& Baldwin.

  • *CAW is only Air Canada union not yet backing pension deal* Says expects government to respond to concerns by Friday OTTAWA, Oct 1- The most vocal union at Air Canada. The Canadian Auto Workers Airline Local 2002, which represents 3,800 employees, said it expects Air Canada to respond to its concerns by Friday.

  • TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after touching a one-week high, as optimism over better-than-expected U.S. data was tempered by signs of economic weakness in Asia and evidence of a new recession in the euro zone. Federal Reserve and the European Central Bank.

  • *Alberta premier sees "a lot of benefit" for province. OTTAWA, Oct 1- The premier of the oil-rich province of Alberta said she sees benefits from the proposed $15.1 billion sale of Canadian oil producer Nexen Inc to a Chinese state-owned company, but a survey published on Monday showed half the country's executives would oppose a no-strings deal.

  • CANADA STOCKS-TSX gains on upbeat U.S. data Monday, 1 Oct 2012 | 4:45 PM ET

    TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after seeing a one-week high, as signs of economic weakness in Asia and evidence of a new recession in the euro zone tempered optimism over better-than-expected U.S. data. Federal Reserve and the European Central Bank.

  • CANADA STOCKS-TSX ends higher on upbeat U.S. data Monday, 1 Oct 2012 | 4:09 PM ET

    TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, but eased from a one-week high as signs of economic weakness in China and evidence of a new recession in the euro zone weighed offset better-than-expected U.S. data. The Toronto Stock Exchange's S&P/TSX composite index. unofficially closed up 52.73 points, or 0.43 percent, at 12,370.19.

  • OTTAWA, Oct 1- Canada's House of Commons will vote on an opposition motion on Wednesday demanding that the government hold public consultations on the $15.1 billion bid by China's CNOOC Ltd to take over Canadian oil company Nexen Inc, the opposition New Democratic Party said on Monday.

  • MONTREAL, Oct 1- Quebec's newly-elected government looks ready to revisit a controversial plan to hike personal income taxes and slash the exemption for capital gains retroactively. Finance Minister Nicolas Marceau said late on Sunday he was weighing changes to the plan after receiving numerous complaints.

  • AOL launches video-sharing mobile phone game Monday, 1 Oct 2012 | 3:41 PM ET

    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.

  • TORONTO, Oct 1- While big financial instituions lost the trust of investors with LIBOR scandals and mortgage meltdowns, financial advisers have seen the trust drain away for more personal reasons with faces attached: Bernie Madoff, Earl Jones, Allen Stanford.

  • Pocono return celebrates IndyCar history Monday, 1 Oct 2012 | 3:09 PM ET

    With Pocono officially back on the IndyCar schedule after a 23- year absence, Carpenter wanted to pick up as many tips as possible from someone with experience at "The Tricky Triangle." The return to Pocono is being celebrated as a nod to IndyCar's history and tradition.

  • Wash. gov orders state offices to cut energy use Monday, 1 Oct 2012 | 2:54 PM ET

    Chris Gregoire has directed all state offices to reduce their total building energy use by 20 percent by 2020..

  • *Toronto entertaiment mogul to transform skyline. TORONTO, Oct 1- Toronto's theater district as well as the skyline of Canada's biggest city will be transformed by star architect Frank Gehry as a tribute to the city in which he spent his childhood under an ambitious plan unveiled on Monday.

  • TORONTO, Oct 1- Air Canada, the country's largest airline, said on Monday it would transfer its fleet of 15 73- seat Embraer 175 aircraft to privately-held Sky Regional Airlines Inc next year, part of its cost-cutting push.

  • BRIEF- Honda Canada recalls about 29,947 V6 sedans Monday, 1 Oct 2012 | 2:01 PM ET

    Oct 1- Honda Motor Co Ltd:. *Honda Canada-voluntary recall of about 29,947 Honda accord v6 sedans to. replace power steering feed hose in Canada.

  • OTTAWA, Oct 1- The Canadian government has decided it can squeeze more cost savings from its operations despite billions of dollars of already announced spending cuts, the cabinet minister in charge, Treasury Board President Tony Clement, told Reuters on Monday.

  • *New CEO, Robert Card, sees "a lot of potential growth areas". *La Presse reports SNC made "dubious payments" to win Montreal contract.