Recent Business Headlines
at 08:50 on April 16, 2014, EDT.
Foreign investment up in February by $6.1 billion, Statistics Canada says
OTTAWA - Statistics Canada says foreign investment in Canadian securities grew by $6.1 billion in February and this was matched by Canadian purchases of $6 billion in foreign securities.
→ READ FULL ARTICLE
at 08:47 on April 16, 2014, EDT.
CPP Investment board to sell Texas-based air system company for US$1.6 billion
TORONTO - The body that manages investments for the Canada Pension Plan has agreed to sell Air Distribution Technologies, Inc. to Johnson Controls in a deal valued at approximately US$1.6 billion.
at 08:33 on April 16, 2014, EDT.
Canadian dollar little changed ahead of Bank of Canada rate announcement
TORONTO - The Canadian dollar was little changed ahead of the mid-morning announcement by the Bank of Canada on interest rates.
at 08:24 on April 16, 2014, EDT.
China's growth slows to 7.4 per cent in Q1, raising risk of job losses
BEIJING, China - China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses.
at 08:18 on April 16, 2014, EDT.
Bank of America swings to loss from profit, hurt by legal expenses
CHARLOTTE, N.C. - Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses.
at 08:09 on April 16, 2014, EDT.
TSX set to rise, commodities up as Chinese economy performs better than expected
TORONTO - The Toronto stock market was set to advance Wednesday amid signs that economic growth in China held up better than expected during the first quarter.
at 08:03 on April 16, 2014, EDT.
Supermarket chain Metro reports Q2 profit of $96.9 million, sales rise 1.7%
MONTREAL - Supermarket chain Metro Inc. (TSX:MRU) reports it had $96.9 million in net earnings in the second quarter ended March 15, down 73.3 per cent from an unusually high profit in the same quarter of 2013.
at 05:32 on April 16, 2014, EDT.
at 23:32 on April 15, 2014, EDT.
B.C.'s provincial auto insurer to pay back $39 million in overcharged fees
VANCOUVER - The Insurance Corporation of British Columbia says that it will be informing customers within the next 90 days whether they have been billed the wrong amount due to database errors.
at 23:13 on April 15, 2014, EDT.
Wireless industry, carriers volunteer to offer anti-theft software on smartphones by 2015
SAN FRANCISCO - A trade group for wireless providers said Tuesday that the biggest mobile device manufacturers and carriers will soon put anti-theft tools on the gadgets to try to deter rampant smartphone theft.
at 20:27 on April 15, 2014, EDT.
Critics say Ottawa missing critical opportunity to bolster apprenticeships
OTTAWA - Stakeholders are disappointed that the Conservative government has declared its massive new federal-provincial infrastructure project open for business — with nary a mention of apprenticeships.
at 19:45 on April 15, 2014, EDT.
Sweet gas, ski resorts get a pass from province on environmental reviews
VANCOUVER - The B.C. government is exempting about 99 per cent of the natural gas produced in the province from automatic environmental assessment reviews.
Content Provided By Canadian Press.
Copyright © 2014. All rights reserved.