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  • May 22- Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business. The Waterloo, Ontario- based company last month said it was considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs. Up to Friday's close, the...

  • WASHINGTON, May 22- Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year. "It will give the Fed greater confidence that inflation will indeed make it to its target in the next couple of years, it increases the odds of faster Fed action,"...

  • TORONTO— BlackBerry chief executive John Chen saw the value of his total pay package drop 96 percent to US $3.4 million last year as he worked to turn around the money-losing company. The share repurchase helped send the company's stock higher Friday, rising more than two percent to $12.82 near midday. The total amount of $84.8 million in share-based awards was...

  • WASHINGTON, May 22- Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year. The Labor Department said on Friday its Consumer Price Index, excluding food and energy, increased 0.3 percent last month. "It will give the Fed greater...

  • *Core inflation at highest since January 2013. May 22- Wall Street was mixed in early trading on Friday as investors digested data that showed rising inflation pressure, casting fresh doubt on when the Federal Reserve would ultimately raise interest rates this year. "September is still the most likely lift-off date, but July is not out of the question,...

  • WASHINGTON, May 22- U.S. consumer prices moderated in April on weak gasoline prices, but rising shelter and medical care costs boosted underlying inflation pressures, which should keep the Federal Reserve on course to raise interest rates later this year. The Labor Department said on Friday its Consumer Price Index gained 0.1 percent last month after...

  • VANCOUVER/ TORONTO, May 21- The successful initial public offering of Shopify could prompt Hootsuite, another promising Canadian tech startup, to tap public markets sooner rather than later, its chief executive said on Thursday. "I've talked about 18 to 24 months, but I'm very bullish given the success that Shopify has had, and maybe we will want to speed that up a...

  • BlackBerry to buy up to 12 mln shares for cancellation Thursday, 21 May 2015 | 6:15 PM ET

    May 21- Canadian smartphone maker BlackBerry Ltd said it plans to buy back 12 million shares, sending its stock up nearly 2 percent in extended trading in the United States. BlackBerry said it would buy the shares, representing about 2.6 percent of its outstanding public float, over the Nasdaq Stock Market or on the Toronto Stock Exchange, subject to approval.

  • Statistics Canada said on Thursday that the number of Albertans receiving unemployment insurance benefits rose for the fifth-straight month in March to 38,800, 8.9 percent more than in February. "After several years of stark outperformance, economic growth in Alberta is expected to slow to just 0.4 percent this year, effectively placing the province in...

  • TORONTO, May 21- The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, is looking at deals in the energy sector as a selloff in the price of oil makes valuations more appealing, its top executive said on Thursday. The fund, which delivered gross investment returns of 18.7 percent for its fiscal 2015, is evaluating a number of...

  • *Shopify also debuts on Toronto Stock Exchange. *Stock priced at $17, above expected range of $14- $16. Shopify, which also debuted on the Toronto Stock Exchange on Thursday, is the first Canadian company to be listed on a U.S. exchange this year.

  • May 21- Shares of Shopify Inc, a Canadian e-commerce software maker, rose as much as 69 percent in their market debut on the New York Stock Exchange, valuing the company at $2.14 billion. Shopify, which also started trading on the Toronto Stock Exchange on Thursday, is the first Canadian company to be listed on a U.S. exchange this year. Shopify's initial public...

  • May 21- Shares of Shopify Inc, a Canadian e-commerce software maker, rose as much as 69 percent in their trading debut on the New York Stock Exchange, valuing the company at up to $2.14 billion. Ottawa- based Shopify, which also listed its shares on the Toronto Stock Exchange, sold all the 7.7 million shares in the offering. Morgan Stanley, Credit Suisse, Raymond James...

  • DIARY- Top Economic Events to June 3 Wednesday, 20 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...

  • BURLINGTON, Vt.— Vermont needs to do more to attract Canadian businesses to the state when they are looking to set up operations in the United States, business and political leaders said Wednesday. "We have a real opportunity to increase jobs in Vermont from Canadian companies who need to be headquartered in the United States for one reason or another, and we should...

  • MONTREAL, May 19- A worker at Rio Tinto's Fer et Titane unit died after being injured at its facility at Sorel-Tracy in the Canadian province of Quebec, the global mining company said on Tuesday. The Fer et Titane unit is part of Rio Tinto Iron& Titanium, which produces about 19 percent of the world's supply of titanium dioxide from its operations in Quebec, South...

  • CHARLOTTETOWN, Prince Edward Island, May 19- Bank of Canada Governor Stephen Poloz said on Tuesday that the central bank's 2 percent inflation target has "served us extremely well," but added it was still important to look at research on whether it should be changed. His statement echoed recent comments from other Bank of Canada officials. "And through the events of...

  • Valeant CEO expects sharp rise in Asia revenue by 2020 Tuesday, 19 May 2015 | 1:04 PM ET

    MONTREAL, May 19- Valeant Pharmaceuticals International Inc's exposure to Asia's growing middle class could help lead to the quintupling of sales in that market to around $5 billion by 2020, Chief Executive Michael Pearson said on Tuesday. Asia, which is expected to generate about $1 billion in sales this year, "has the best growth prospects of any region in the...

  • HOUSTON, May 18- U.S. refiner Tesoro Corp has ordered new crude oil railcars with features that surpass safety standards that federal regulators set this month, executives told Reuters. The 210 tank cars being built in northern Louisiana are so-called pressure cars, with the same design as those that carry liquid petroleum gases such as propane and butane, gas...

  • Brookfield plans to buy GrafTech in a tender offer Monday, 18 May 2015 | 9:10 AM ET

    NEW YORK— Brookfield Asset Management Inc. plans to buy graphite manufacturer GrafTech International Ltd. for about $691.8 million in a tender offer. The Toronto- based asset manager is paying $5.05 per share for GrafTech, which is based in Parma, Ohio. Earlier this month, Brookfield entered a deal with GrafTech to buy $150 million worth of 7 percent convertible...