Recent Business Headlines
at 10:38 on October 31, 2014, EDT.
Greater optimism about economic growth, incomes spurs consumer confidence to 7-year high
WASHINGTON - U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October.
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at 10:34 on October 31, 2014, EDT.
Fairfax's Prem Watsa says stock markets remain out of sync with global economy
TORONTO - Prem Watsa hasn't budged on his concerns that lofty stock market levels remain out of sync with the uncertain global economy.
at 10:25 on October 31, 2014, EDT.
Stock markets advance, Bank of Japan expands asset purchases to boost economy
TORONTO - The Toronto stock market ran ahead sharply Friday after the Bank of Japan unexpectedly expanded a key stimulus program aimed at boosting the world's third-largest economy.
at 10:17 on October 31, 2014, EDT.
Unifor extends strike deadline for St. Lawrence Seaway through weekend
CORNWALL, Ont. - The union representing workers on the St. Lawrence Seaway says a strike deadline set for just past noon Friday has been extended through the weekend.
at 10:15 on October 31, 2014, EDT.
Japan's new stimulus plan sends global stock markets higher; US indexes near record highs
NEW YORK, N.Y. - Stocks in the U.S. and across the globe rose sharply Friday after the Bank of Japan unexpectedly announced a new stimulus package to boost the country's struggling economy. Japan's stock market jumped 4.8 per cent to reach its highest level since 2007.
at 10:14 on October 31, 2014, EDT.
US consumer spending retreats in September, first setback in 8 months
WASHINGTON - U.S. consumer cut spending in September for the first time in eight months, as incomes grew at the slowest pace this year. The figures underscore nagging economic soft spots that are expected to ease in the coming months.
at 08:57 on October 31, 2014, EDT.
Government hoping for modest increase in immigration levels next year
OTTAWA - Canada is hoping to welcome more immigrants next year.
at 08:49 on October 31, 2014, EDT.
Canadian dollar lower amid subpar economic performance during August
TORONTO - The Canadian dollar was lower Friday as economic growth for August missed already modest expectations.
at 08:24 on October 31, 2014, EDT.
Kinder Morgan to file court action against protesters blocking pipeline work
VANCOUVER - Energy giant Kinder Morgan is seeking a court order to stop local residents from blocking survey work for a pipeline route through a conservation area in Metro Vancouver.
at 07:13 on October 31, 2014, EDT.
TransForce extends Contrans deadline, awaits ruling from Competition Bureau
MONTREAL - TransForce Inc. (TSX:TFI) says it has received sufficient shareholder support for a $495-million cash takeover offer for the Ontario-based Contrans trucking group but continues to await a response from Canadian competition authorities.
at 08:33 on October 31, 2014, EDT.
Exxon earnings up 6 per cent, easily beating expectations, as refining offsets low oil prices
IRVING, Texas - ExxonMobil Corp. profits rose 3 per cent in the third quarter as strong refining performance offset lower revenues from falling oil prices and production.
First Quantum misses analyst estimates; Q3 revenue flat and profit down, not up
VANCOUVER - First Quantum Minerals Ltd. (TSX:FM) third-quarter revenue was virtually flat and its profit was down from a year ago, rather than going up as many analysts had anticipated.
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