Recent Business Headlines
at 21:42 on October 22, 2014, EDT.
IKEA announces end to 17-month lockout in B.C.; wage, benefit increases to workers
VANCOUVER - The 17-month-long lockout at IKEA's flagship store in Richmond, B.C., is over now that a new deal has been worked out between the company and union.
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at 19:24 on October 22, 2014, EDT.
Minister's rejection of mine improper, Taseko lawyer tells Federal Court
VANCOUVER - The federal environment minister acted improperly in rejecting a $1.5-billion gold and copper mine proposed in British Columbia and the company deserves compensation for her alleged wrongdoing, says a lawyer for Taseko Mines (TSX:TKO).
at 18:15 on October 22, 2014, EDT.
Open Text says first-quarter revenues grew 40 per cent as profits rose
Open Text Corp. (TSX:OTC) said Wednesday that first-quarter profits more than doubled as its corporate software business was boosted by soaring performance in cloud computing.
at 17:48 on October 22, 2014, EDT.
BoC sticks to 1% interest rate, warns of 'renewed vigour' in household spending
OTTAWA - It is essential for the bulk of Canadian economic activity to begin shifting from the backs of households to business investment and exports, the Bank of Canada said Wednesday as it kept its trend-setting interest rate fixed at one per cent.
at 17:00 on October 22, 2014, EDT.
Most actively traded companies on the TSX
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
at 16:39 on October 22, 2014, EDT.
TSX tumbles 236 points: market steps back after series of solid gains
TORONTO - The Toronto stock market tumbled more than 200 points Wednesday as markets gave back a chunk of gains collected over the previous four days of solid, triple-digit advances.
at 16:35 on October 22, 2014, EDT.
Retail sales down 0.3 per cent in August, second consecutive drop
OTTAWA - Retail sales in Canada unexpectedly fell 0.3 per cent in August to $42.4 billion, marking the second consecutive monthly drop, dragged lower by falling gasoline prices.
at 16:28 on October 22, 2014, EDT.
Loonie lower, BoC leaves rates unchanged, retail data disappoints
TORONTO - The Canadian dollar closed lower Wednesday as the Bank of Canada announced it would be leaving its key rate unchanged and edged its economic growth forecast for 2014 up slightly.
at 16:18 on October 22, 2014, EDT.
Health and beauty maker KDC seeks expansion following $165M investment
MONTREAL - The owners of a former Clairol hair colouring plant in Quebec plan to use an infusion of cash from a private equity firm and several institutional investors to double its size and solidify its role as an industry leader in health and beauty products.
at 14:58 on October 22, 2014, EDT.
US consumer prices rose tiny 0.1 per cent in September as gas prices dropped for third month
WASHINGTON - U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny gain was the latest evidence that inflation remains benign.
at 14:56 on October 22, 2014, EDT.
French oil giant Total names Pouyanne CEO, replacing executive killed in Russian plane crash
PARIS - French oil giant Total SA has named Patrick Pouyanne as chief executive to replace Christophe de Margerie, who was killed earlier this week in a plane crash in Moscow.
at 13:49 on October 22, 2014, EDT.
Petronas-led Pacific Northwest LNG consortium reviewing B.C. tax announcement
CALGARY - A consortium led by Malaysian energy giant Petronas says it's not yet clear what British Columbia's new tax on liquefied natural gas will mean for the economics of its proposed multibillion-dollar project near Prince Rupert, B.C.
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