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Oil rises above $99 US a barrel: Crude oil prices rose above a record $99 US per barrel Wednesday as worries about inadequate winter supplies in the Northern Hemisphere and news of refinery problems stoked bullish sentiment.
Inflation rate eases to 2.4%: Canada's annual inflation rate unexpectedly dropped in October, raising the odds of an interest rate cut from the Bank of Canada.
Travellers yet to claim $758,000 in Canada 3000 refunds: About $758,000 is being held for travellers who six years ago booked their airline tickets with Canada 3000, the accounting firm PricewaterhouseCoopers said Wednesday.
Canadian trips to the U.S. hit six-year high in Sept.: Buoyed by the loftiness of the loonie, one-day car trips by Canadians to the United States hit a six-year high in September as shoppers floated over the border.
U.S. housing starts rise in October: The beleaguered U.S. housing market got some mixed news Tuesday as October construction starts rose more than expected but building permits issued in the month hit a 14-year low.
Rising loonie clips $4B Alberta surplus: Higher tax revenues from Alberta's booming economy have pushed the province's surplus to $4 billion, nearly double what was forecast in the April budget.
Oil tops $98 US as U.S. dollar falls again: Oil prices rose sharply Tuesday, once again approaching $100 US a barrel as futures drew strength from a declining dollar and news of refinery problems.
Biovail shares hit 8-year low: Shares of drugmaker Biovail fell to their lowest level since 1999 on Tuesday after the U.S. Food and Drug Administration imposed a six-month review on an anti-depressant drug treatment the company had hoped to get quick approval for.
Quebecor World pulls refinancing plan: Printing giant Quebecor World said Tuesday it has yanked its refinancing plan, citing "adverse current financial market conditions."
Arts groups rail against CanWest-Goldman Sachs deal for Alliance Atlantis: The proposed takeover of Alliance Atlantis by CanWest Global Communications and its U.S. partner Goldman Sachs came under fire again on Tuesday from Canadian arts groups.
Infrastructure needs $123B to avoid collapse: study: Canada's three levels of government must spend $123 billion to fix the country's creaking infrastructure, says a report from the Federation of Canadian Municipalities.
Shermag CEO resigns during financial slump: The chief executive of Shermag, the Sherbrooke furniture maker that has been struggling financially, abruptly resigned Tuesday morning.
B.C. court denies stock exchange appeal request over murderer: The TSX Venture Exchange won't be allowed to appeal its failed attempt to bar a convicted murderer from the investor relations field.
Fraser to look at Yukon's $36.5M frozen investment: Federal Auditor General Sheila Fraser will conduct a special investigation into whether the Yukon government broke any laws in investing $36.5 million in public money into the now-frozen global credit market.
3,000 workers sent home after Fort Saskatchewan upgrader fire: The Alberta Energy and Utilities Board is investigating a fire that broke out Monday at a Shell Canada plant outside Edmonton.
Portus co-founder pleads guilty to fraud; gets 2 years: Michael Mendelson, a co-founder of Portus Alternative Asset Management, pleaded guilty to fraud Monday and was sentenced to two years in prison for his role in the hedge fund's collapse.
National Bank takes $575M hit from credit crunch: National Bank became the latest Canadian financial institution to lay out the hit it will take from the credit crunch when it said Monday it will take a $575-million charge.
Unions fear U.S. control in CanWest deal for Alliance Atlantis: CanWest Global's deal with U.S.-based Goldman Sachs to take over Atlantis Alliance is an attempt to introduce foreign ownership of Canadian media interests by a back door, says a group of unions representing media workers.
Loonie loses more ground: The Canadian dollar fell more than a full cent on Monday, a day after the head of the Bank of Canada hinted at interest rate cuts to come.
Lowe's earnings slide on U.S. housing slump: Lowe's Cos., the No. 2 American home improvement chain, said Monday its third-quarter profit fell 10.2 per cent in a weak sales environment amid a continuing slump in the U.S. housing sector.
Canadians to be paid for winning Olympic medals: For the first time, Canada's athletes will be paid for winning medals at the Olympic Games.
Canadians kept selling money market securities in September: Canadians kept selling foreign securities in September, with the bulk of the sales concentrated in money market investments.
Exports of older cattle begin again, but doubts remain among farmers: Canadian cattle over 30 months of age can now be exported across the border to the United States, but farmers are taking a wait-and-see attitude for now.
BMO to take earnings hit from $320M in charges: BMO Financial Group said Friday it will take $320 million in a variety of charges as the bank joined the list of Canadian financial institutions disclosing their costs from the global credit crunch.
Quebecor World shares hit all-time low: Shares of commercial printer Quebecor World hit a new low Friday as investors continued to bail out of the beleaguered company.
OPEC to study effect of weak U.S. dollar on oil prices: OPEC will study the weak U.S. dollar's effect on the oil cartel's earnings and investigate the possibility of a currency basket, Iran's oil minister said Sunday.
Banks' credit losses could hit $400B US, Goldman Sachs says: Credit market losses could wind up hitting $400 billion US and financial institutions may cut their lending by $2 trillion US, according to an economist with Goldman Sachs Group Inc.
Lululemon to remove claims from seaweed clothing line: Lululemon on Friday said it would comply with a decision from Canada's Competition Bureau and remove all claims from a line of clothing alleging health benefits from seaweed.
Ont. appeal court clears way for lawsuit over credit card charges: The Ontario Court of Appeal has overturned a lower court decision and certified a class action against TD Bank over fees charged to credit card holders on foreign purchases.
Canadians shopping in U.S. pushing border resources to limit: Cross-border shoppers, lured south by the loonie's record-breaking showing against the U.S. dollar, are expected to clog most border crossings again this weekend.
U.S. ranchers' group tries to block imports of Canadian cattle: A U.S. ranchers' group on Friday filed an emergency request for a temporary restraining order to block the import of Canadian cattle.
Starbucks shares lose steam: Shares of Starbucks Corp. slipped Friday, a day after the coffee chain offered a weaker outlook for its current financial year.
Air Canada computers back up after problem causes worldwide delays: Air Canada flights were delayed across Canada and around the world after a major computer problem Friday morning forced ticket agents to check in passengers manually.
Canada-U.S. alliance will help provinces, Charest says: Six U.S. states and seven Canadian provinces have launched a new business forum to boost trade between the two countries.
State of livestock industry worse than mad cow days, some say: The livestock industry is facing tougher times now than it did during the mad cow crisis, some in the industry say.
Quebec forbids new taxes to replace GST cut: The Liberal government will not allow Montreal and other cities to create a new municipal sales tax of one per cent to replace the coming cut in the federal GST.
Real estate continues to climb: Canada's real estate scene is showing no sign of the weakness sweeping through the U.S. market, as sales and prices continue to rise.
Conrad Black's sentencing delayed to Dec. 10: Conrad Black's sentencing hearing on his convictions for mail fraud and obstruction of justice will be delayed 10 days, a U.S. federal judge ruled Thursday in granting Black's request for a postponement.
Loblaw earnings miss puts stock under pressure: Price cuts and consulting costs pulled earnings down at Loblaw Cos. Ltd. in the third quarter, the grocery store chain said Thursday.
Canadians pour $1.2B into money market funds: October's volatile financial markets made Canadians a little more cautious, as their purchases of money market mutual funds last month hit a six-year high.
Manufacturing sector continues slide in Sept.: Canada's battered manufacturing sector saw its sales slide 0.9 per cent in September, the month the loonie regained parity with the U.S. dollar.
10 years after: Hibernia oilfield has surpassed expectations: Ten years ago this week, oil gushed out of the Hibernia offshore oilfield for the first time, igniting an orange flare and triggering a dramatic economic turnaround for Newfoundland and Labrador.