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Business Canada

  • TransCanada has reaffirmed its plan to restart the Keystone oil pipeline from Canada to the Midwest on Saturday, although rainy weather is hampering the company's on-site work. TransCanada shut down the 2,100- mile pipeline Wednesday after tests showed possible safety issues.

  • Another 18,000 were sold in Canada. The National Highway Traffic Safety Administration has received a dozen complaints and has started an investigation. The U.S. safety agency is asking Chrysler Group LLC, which makes Jeeps, for information about the problem.

  • KANSAS CITY, Mo.-- TransCanada Corp. has temporarily shut down its existing 2,100- mile Keystone pipeline after tests showed possible safety issues, a federal agency said Thursday.

  • TORONTO-- Canada's broadcast regulator has rejected BCE Inc.' s bid to buy Astral Media Inc. for US $3.40 billion. BCE, Canada's largest telecommunications company, had wanted to create a media powerhouse with more content to deliver to televisions and mobile devices across Canada.

  • THE RESULTS: Philip Morris International Inc.' s third-quarter net income fell more than 6 percent to $2.23 billion, despite higher prices, as the company sold fewer cigarettes.

  • On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.

  • PITTSBURGH-- Shares of Wesco International jumped 10 percent before the markets opened Thursday after the company edged out profit expectations for the third quarter and announced the acquisition of a Canadian electrical supply company. The company also announced a deal to acquire EECOL Electric Corp. of Calgary, Alberta, for about $1.16 billion.

  • RICHMOND, Va.-- Cigarette maker Philip Morris International Inc.' s third-quarter net income fell more than 6 percent, despite higher prices, as the company sold fewer cigarettes. Philip Morris International said it earned $2.23 billion, or $1.32 per share, in the third quarter, down from $2.38 billion, or $1.35 per share, a year ago.

  • EDMONTON, Alberta-- A subsidiary of a Brazilian-based company is taking over management of XL Foods, the Alberta plant at the heart of one of the largest beef recalls in Canada's history.

  • THE SPARK: According to a filing with the Securities and Exchange Commission, Green Mountain hired Gerard Geoffrion, currently head of its business in Canada, to serve as its president of international business development.

  • NEW YORK-- Can't figure out how to dress as a binder full of women for Halloween? The Yellow One is flying off the shelves after Mitt Romney's threat to do away with government support for PBS.

  • CAIRO-- Syria's wealthy, long cultivated by President Bashar Assad as a support for his regime, are seeing their businesses pummeled by the bloody civil war. Assad may not have lost the backing of Syria's business elite, but some are losing faith.

  • THE SPARK: Late Tuesday, United Rentals reported net income of $73 million, or 70 cents per share, compared with $65 million, or 91 cents per share, in the third quarter of 2011. Excluding one-time items, the company said it posted an adjusted profit of $1.35 per share.

  • CALGARY, Alberta-- A Canadian subsidiary of Exxon Mobil is acquiring the oil and gas exploration firm Celtic Exploration Ltd. for $2.63 billion. ExxonMobil Canada gets access to 649,000 acres in two shale formations, the Montney and Duvernay, as well as additional acreage in other parts of Alberta, the company said.

  • BOSTON-- Satcon Technology Corp. on Wednesday filed for Chapter 11 bankruptcy protection following years of financial struggles and a severe downturn in the solar power industry.

  • TORONTO-- The NHL has released details of its latest collective bargaining proposal to the public. In an unprecedented move, the league has published the documents it handed over to the NHL Players' Association on Tuesday in an attempt to save a full 82- game season and end the third lockout of Commissioner Gary Bettman's tenure.

  • Canada Better Economy Than US? Do the Math!

    CNBC's Rick Santelli, digs deep to find out whether Canada is in better economic shape than the United States.

  • MONTPELIER, Vt.-- Maple syrup producers will get a chance to weigh in on whether Vermont should do away with the term fancy for its maple syrup. The proposed changes to the maple grading system would unify the classification system across the United States and Canada.

  • TORONTO-- An Air Canada passenger flight bound for Sydney helped pinpoint the location of a yacht in trouble off the coast of Australia. Air Canada said its plane swooped down at about 1,200 meters while the crew peered out using binoculars borrowed from passengers.

  • HAVANA-- For the first time since the height of the Cold War more than half a century ago, Cuba is giving its people the freedom to leave the country without government permission, scrapping the detested exit visa that kept many from traveling outside the communist nation for even a few days. said Mercedes Delgado, a 73- year-old retiree. "