Business News

Q2 earnings, Canadian unemployment data could disappoint investors

TORONTO - Investors' optimistic mood seems to be fading, and could darken further this week as second-quarter earnings begin to trickle out and Canada releases its unemployment numbers for June. Th...

Little progress reported in bargaining with Vale Inco as deadline approaches

SUDBURY, Ont. - Sudbury's largest employer could soon be looking at strike action. With a deadline quickly approaching, steelworkers say Sunday that very little progress has been made at the bargai...

Shares fall as Dubai's Emaar Properties shuts Algeria office

DUBAI, United Arab Emirates - Shares of the Dubai developer building the world's tallest skyscraper extended their slide Sunday after the company shut an office overseeing $20 billion worth of real es...

General Motors says sale of Opel to Magna nearing completion

BERLIN - Negotiations for the sale of General Motors Corp.'s German unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said i...

Venezuela takes control of Spanish-owned Banco de Venezuela in nationalization

CARACAS, Venezuela - President Hugo Chavez's government has taken control of the country's third largest bank - Banco de Venezuela. The government agreed in May to pay Spain's Grupo Santander more ...

Bell installation and repair technicians vote to approve new five-year contract

TORONTO - The union representing 2,500 Bell installation and repair technicians in Ontario said Friday the workers have voted to accept a new five-year contract. The contract will increase wages fo...

Net mutual fund redemptions between $1.3B and $1.8B for June, IFIC says

TORONTO - Net redemptions of mutual funds for June were estimated to be between $1.3 billion and $1.8 billion, according to the Investment Funds Institute of Canada. IFIC estimated Friday that net ...

Chinese company makes bids for GM's Opel division; alternative to Magna

TORONTO - General Motors Corp. confirmed Friday it has received a non-binding offer from a Chinese concern for its Opel division. GM Europe spokesman Christopher Preuss refused to give details of t...

Talks between Air Canada, machinists' union likely to stretch through weekend

MONTREAL - Talks between Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will likely continue through the weekend as the airline tries to obtain a wage freeze and pe...

Most active shares in Toronto on Friday

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (10,288.01, up 42.10 points): Teck Resources Ltd....