Recent Business Headlines
at 12:00 on October 06, 2015, EDT.
IMF report cuts growth outlook for Canada to 1.0 per cent for this year
OTTAWA - The International Monetary Fund cut its growth outlook for the Canadian economy on Tuesday to just 1.0 per cent for the year, due to the drop in oil prices and reduced investment in the energy sector.
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at 11:47 on October 06, 2015, EDT.
IMF expects world economy to register slowest growth since 2009, sees risk in emerging markets
LIMA, Peru - China's slowdown and tumbling commodity prices will push global economic growth this year to the lowest level since the recession year 2009, the International Monetary Fund predicted Tuesday.
at 11:31 on October 06, 2015, EDT.
Toronto Stock Exchange up, loonie gains value, U.S. markets volatile
TORONTO - The Canadian dollar and the Toronto stock market were higher Tuesday morning but U.S. indexes were having a volatile day..
at 11:26 on October 06, 2015, EDT.
Carillion Canada fined $900,000 for not properly clearing QEW during two storms
TORONTO - Ontario drivers are being promised better maintained highways this winter after the government hit a company contracted to clear roads with $900,000 in fines.
at 09:45 on October 06, 2015, EDT.
Trade deficit grows to $2.5B in August compared with $817M deficit in July
OTTAWA - Statistics Canada says the country's trade deficit with the world increased to $2.5 billion in August as exports fell due to a sharp drop in oil prices.
at 09:21 on October 06, 2015, EDT.
Pengrowth Energy to sell Bodo property in eastern Alberta for $95 million
CALGARY - Pengrowth Energy Corp. (TSX:PGF) has agreed to sell a property in eastern Alberta for $95 million, which will be used to reduce the company's debt.
at 08:42 on October 06, 2015, EDT.
Panel should have considered whales when it reviewed pipeline proposal: lawyer
VANCOUVER - A federal panel tasked with reviewing the Northern Gateway pipeline project failed to take into account the serious threat oil spills and increased tanker traffic pose to humpback whales, says an environmental lawyer.
at 08:33 on October 06, 2015, EDT.
Justice Department announces final settlement with BP over 2010 oil spill in Gulf of Mexico
WASHINGTON - The Justice Department and five states on Monday announced a $20 billion final settlement of environmental damage claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
at 07:53 on October 06, 2015, EDT.
First Quantum to sell assets, reduce debt by at least US$1 billion by end of Q1
TORONTO - First Quantum Minerals (TSX:FM) is seeking to slash outstanding debt by at least US$1 billion within six months as it scales back spending to offset low copper prices.
at 00:57 on October 06, 2015, EDT.
United States and 11 other Pacific Rim countries reach a sweeping and controversial trade deal
WASHINGTON - The United States and 11 other Pacific Rim countries reached a contentious trade pact that cuts trade barriers, sets labour and environmental standards and protects the intellectual property of multinational corporations. Now each country must sell the deal to skeptical lawmakers.
at 18:09 on October 05, 2015, EDT.
Telecom companies bulk up speeds, monthly bills, with 'gigabit' Internet
TORONTO - Faster and more capable Internet services are headed your way from some of the country's biggest telecommunications providers, but the chance you'll need to jump on a "gigabit" package right away is highly unlikely.
at 17:19 on October 05, 2015, EDT.
'Britney bill' for tax break for playing 4-plus nights in Atlantic City advances in New Jersey
ATLANTIC CITY, N.J. - A measure dubbed the "Britney bill" that would exempt stars who play at least four nights in Atlantic City from having to pay state income taxes on all shows in New Jersey that year is a step closer to becoming law.
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