Canada + Economy

Latest News

  • A man walks past an old Toronto Stock Exchange sign in Toronto
    TSX ends higher as financials gain on defensive buying

    By Leah Schnurr OTTAWA (Reuters) - Canada’s main stock index rose on Friday, recording its third straight daily gain, as strength in financials as defensive plays as the Greek crisis rages helped overcome …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Leah Schnurr OTTAWA (Reuters) - Canada’s main stock index rose on Friday, recording its third straight daily gain, as strength in financials as defensive plays as the Greek crisis rages helped overcome a decline in oil and gas shares. Volume was muted through the session due to the U.S. Independence Day holiday, and …

  • K+S rejects Potash Corp's takeover approach as too low

    By Ludwig Burger FRANKFURT (Reuters) - German potash miner K+S rejected Potash Corp of Saskatchewan's 7.9 billion euro ($8.7 billion) takeover bid on Thursday, saying it was too low and that the Canadian …

    By Ludwig Burger FRANKFURT (Reuters) - German potash miner K+S rejected Potash Corp of Saskatchewan's 7.9 billion euro ($8.7 billion) takeover bid on Thursday, saying it was too low and that the Canadian suitor could be planning to dismantle the company, putting jobs at risk. K+S, which is the world's largest salt supplier …

  • Greek finances in ruins & cellphones turn 30 in Canada: BUSINESS WEEK WRAP

    One story dominated virtually all others this week and that was the ongoing financial crisis in Greece.

    One story dominated virtually all others this week and that was the ongoing financial crisis in Greece.

  • Woman seriously injured by explosion at Winnipeg law firm

    (Reuters) - A woman was taken to the hospital with serious upper body injuries after she "inadvertently triggered" an explosive device at a law firm in the Canadian prairie city of Winnipeg on Friday, …

    (Reuters) - A woman was taken to the hospital with serious upper body injuries after she "inadvertently triggered" an explosive device at a law firm in the Canadian prairie city of Winnipeg on Friday, police said. The explosion was being treated as a specific crime and was not considered a threat to the public or other …

  • Oil slides in thin trade on rising U.S. rig count

    Oil prices fell on Friday as a rising U.S. rig count stoked fears of global oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

    Investors look at an electronic board showing stock information at a brokerage house in Fuyang

    Oil prices fell on Friday as a rising U.S. rig count stoked fears of global oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

  • Labor dispute disrupts flights at Toronto airport

    By Allison Martell TORONTO (Reuters) - A sudden labor disruption by workers who refuel planes at Toronto's main airport caused flight delays and cancellations on Friday, said the union that represents …

    By Allison Martell TORONTO (Reuters) - A sudden labor disruption by workers who refuel planes at Toronto's main airport caused flight delays and cancellations on Friday, said the union that represents the workers, as the city prepared for the start of the Pan American Games on July 10. In a bulletin posted online, Pearson …

  • Canada's economy isn't in recession, despite report, Joe Oliver says

    Despite an economy that's shrunk every month for which we have data this year, the federal finance minister says Canada is not in a recession and is poised for growth later in 2015. At an event in Toronto …

    Despite an economy that's shrunk every month for which we have data this year, the federal finance minister says Canada is not in a recession and is poised for growth later in 2015. At an event in Toronto on Friday, Finance Minister Joe Oliver told reporters that the economy will avoid recession this year, despite new …

  • Whole Foods CEOs give video apology for pricing irregularities

    John Mackey and Walter Robb, co-CEOs of Whole Foods, have made a video apology to shoppers after a New York investigation found its stores routinely overcharge for prepackaged fruits, vegetables and deli …

    Whole Foods CEOs give video apology for pricing irregularities

    John Mackey and Walter Robb, co-CEOs of Whole Foods, have made a video apology to shoppers after a New York investigation found its stores routinely overcharge for prepackaged fruits, vegetables and deli meats. Standing in front of the fruit section of a New York Whole Foods, they said the mistakes were unintentional and …

  • Samsung Group companies' merger deal runs into fresh opposition

    U.S. activist hedge fund Elliott Associates escalated its battle to block a $8 billion merger of two Samsung Group [SAGR.UL] firms on Friday, filing an appeal against a South Korean court ruling in a fresh …

    Samsung flags are set up at main entrance to Berlin fair ground

    U.S. activist hedge fund Elliott Associates escalated its battle to block a $8 billion merger of two Samsung Group [SAGR.UL] firms on Friday, filing an appeal against a South Korean court ruling in a fresh bid to block a key shareholder vote.

  • UBS has whistleblower deal in Brazil currency investigation: paper

    SAO PAULO (Reuters) - Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the …

    Waning moon is seen behind a logo of Swiss bank UBS in Zurich

    SAO PAULO (Reuters) - Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. The investigation, which involves 15 of the world's largest banks, began …

  • Greek referendum: Campaigns, neck and neck in polls, reach dramatic finale

    ATHENS, Greece - The brief but intense campaign in Greece's critical bailout referendum ends Friday, with simultaneThe brief but intense campaign in Greece's critical bailout referendum ends Friday, …

    Greek poll shows 2 sides neck and neck before crucial Sunday referendum

    ATHENS, Greece - The brief but intense campaign in Greece's critical bailout referendum ends Friday, with simultaneThe brief but intense campaign in Greece's critical bailout referendum ends Friday, with simultaneous rallies in Athens supporting "yes" and "no" answers to a murky question in what an opinion poll suggests …

  • European bonds and stocks on the defensive before tight Greek vote

    European bonds and stocks traded cautiously at Friday's market opening before a Greek referendum on EU-prescribed reforms that could determine the country's future in the euro zone and which polls suggest …

    A trader sits in front of the computer screens at his desk at the Frankfurt stock exchange

    European bonds and stocks traded cautiously at Friday's market opening before a Greek referendum on EU-prescribed reforms that could determine the country's future in the euro zone and which polls suggest could go either way.

  • China hunts for 'manipulators' as stocks tumble

    Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures …

    An investor walks past as information displayed on an electronic screen at a brokerage house in Shanghai

    Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash.

  • Stock markets extend recent gains to hit 2-1/2-month highs

    India's stock markets hit their highest in 2-1/2 months on Friday and posted their third consecutive weekly gain given a Greece default is seen as factored in, while better-than-expected progress of the …

    A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai

    India's stock markets hit their highest in 2-1/2 months on Friday and posted their third consecutive weekly gain given a Greece default is seen as factored in, while better-than-expected progress of the monsoon also helped sentiment.

  • Greek debt crisis: Voters ponder unclear question in Sunday's referendum

    About 25,000 people gathered in Syntagma Square outside the national Parliament for a rally supporting a No vote, with musical performances that extended into the night. Critics say the actual question …

    About 25,000 people gathered in Syntagma Square outside the national Parliament for a rally supporting a No vote, with musical performances that extended into the night. Critics say the actual question put to Greeks is unclear — it essentially asks whether they will accept the terms of a bailout deal that is no longer …

  • World stocks drift lower ahead of Greek vote; Chinese stocks plunge as boosting measures fail

    World stock markets mostly drifted lower Friday ahead of Greece's weekend austerity referendum, while China's main stock benchmark plunged as much as 7 per cent as government market stabilization measures …

    World stocks drift lower ahead of Greek vote; Chinese stocks plunge as boosting measures fail

    World stock markets mostly drifted lower Friday ahead of Greece's weekend austerity referendum, while China's main stock benchmark plunged as much as 7 per cent as government market stabilization measures failed to reassure panicky investors.

  • BP to pay record $18.7 billion to states affected by oil spill

    More than five years after the worst offshore oil spill in U.S. history fouled beaches, coated seabirds in thick goo and threatened delicate marshes, BP has agreed to pay a record settlement to affected …

    BP to pay record $18.7 billion to states affected by oil spill; total obligations of $53.8B

    More than five years after the worst offshore oil spill in U.S. history fouled beaches, coated seabirds in thick goo and threatened delicate marshes, BP has agreed to pay a record settlement to affected states in hopes of bringing an end to a legal drama that has cost the company billions.

  • Euro zone businesses shrug off Greek fears; growth reaches four-year high - PMI

    Euro zone business activity expanded at its fastest pace in four years last month as the European Central Bank's stimulus package more than offset fears Greece could crash out of the currency union, surveys …

    Greek national flag is placed at a stall selling candy floss at the northern city of Thessaloniki

    Euro zone business activity expanded at its fastest pace in four years last month as the European Central Bank's stimulus package more than offset fears Greece could crash out of the currency union, surveys showed.

  • Crescent Point to acquire light oil producer Coral Hill

    CALGARY, Alberta (Reuters) - Crescent Point Energy Corp , Canada's No. 4 independent oil producer, said on Thursday it will acquire privately owned light oil producer Coral Hill Energy Ltd, operating …

    CALGARY, Alberta (Reuters) - Crescent Point Energy Corp , Canada's No. 4 independent oil producer, said on Thursday it will acquire privately owned light oil producer Coral Hill Energy Ltd, operating in west central Alberta. The deal comes just days after Crescent Point's plan to buy another Canadian light oil producer, …