Business News
Senators announce bill to pressure China to allow currency to rise in value against dollar
WASHINGTON - A group of 14 U.S. senators unveiled legislation Tuesday that seeks to increase pressure on China to let its currency rise in value against the dollar, saying Chinese "currency manipulati...
Vale says it has 'no interest' in using arbitrator to end lengthy strike
TORONTO - The mining company involved in an eight-month-long strike in Sudbury, Ont., and other parts of Canada says it has "no interest" in bringing in an arbitrator to settle the labour dispute. ...
Ont. budget March 25 to include timetable to eliminate $24.7-billion deficit
TORONTO - Finance Minister Dwight Duncan will include a timetable to completely eliminate Ontario's record $24.7-billion deficit in the March 25 provincial budget. Unlike the recent federal budget,...
Labour productivity, manufacturing growth rise adding more fuel to recovery
TORONTO - More signs of a healthy economic recovery emerged Tuesday in upbeat reports on labour productivity and the manufacturing sector, both of which surpassed analysts' expectations. Statistics...
SNC-Lavalin to grow business outside Canada over next five years, says CEO
MONTREAL - After doubling its workforce over the last decade, construction and engineering giant SNC-Lavalin is now looking to substantially grow the percentage of its business from outside Canada...
PepsiCo to stop selling sugary drinks from schools worldwide by 2012
NEW YORK - PepsiCo plans to remove sugary drinks from schools worldwide, following the success of programs in the U.S. aimed at cutting down on childhood obesity. The company said Tuesday it will r...
Laurentian Bank looks at real estate financing as a way to diversify and grow
MONTREAL - Laurentian Bank (TSX:LB) is looking to grow by diversifying its real estate financing business outside its home base of Quebec, with possible expansion to Saskatchewan. "There may be new...
Restructuring nuclear medicine firm MDS posts first-quarter loss of $43 million
TORONTO - Nuclear medicine company MDS Inc. has completed its restructuring into a smaller medical isotope business, but an ongoing shutdown at a key nuclear reactor continues to strain its primary so...
US: February housing construction tumbles as snowstorms depress activity in Northeast, South
WASHINGTON - Housing construction fell in February as winter blizzards held down activity in the U.S. Northeast and South. The decline highlighted the challenges facing builders as they struggle to em...
Stock markets maintain advance as U.S. Fed leaves interest rates unchanged
TORONTO - North American stock markets moved ahead Tuesday afternoon following reassurance from the U.S. Federal Reserve that interest rates will stay at historic lows for a while yet. The S&P/TSX ...
