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Business News

Potash Corp. sales surge, sees global demand rising
Potash Corporation of Saskatchewan Inc. said Thursday second-quarter profits more than doubled on increased sales
Barrick's profit shines; raises dividend
Barrick Gold said on Thursday its second-quarter profit rose 59%, as record gold prices helped boost results and prompted the world's largest gold miner to raise its dividend by 20%
Did Washington avert a depression?
A new study suggests that without the fiscal stimulus, banking and auto bailouts, and extraordinary measures from the Federal Reserve, America would have plunged into economic disaster
Rogers launches chatr, next move belongs to rivals
Rogers Communications Inc. launched a new discount cellphone service named 'chatr' across a handful of major cities Wednesday in bid to grab share in the lower-priced end of the wireless market ahead of incumbent rivals as well as new entrants
Fallout from Enbridge oil spill spreads
Enbridge Inc. will sit down with opponents of its proposed Northern Gateway pipeline to the West Coast to discuss the concerns they may have over an oil spill on one of Enbridge’s existing lines in Michigan
Priszm Income Fund narrows Q2 loss
Priszm Income Fund, which indirectly owns and operates KFC, Taco Bell and Pizza Hut fast-food chains in Canada, reported it had narrowed its loss in the second quarter
CP Rail profits steam ahead
Canadian Pacific steamed ahead to a year-over-year increase in profits, posting a second-quarter profit of $166.6-million on Wednesday
TMX profits up on listings rebound
TMX Group reported its second-quarter profit and revenue had slightly improved, up 2% from the previous year
Tomkins’ buyout raises U.K. hackles
The proposed takeover by Onex Corp. and the Canada Pension Plan Investment Board of British conglomerate Tomkins PLC is raising objections from some shareholders who charge the price is too low and that two Tomkins executives have switched their loyalty t
Talisman hunts for shale gas in Poland
Talisman Energy Inc. has broadened its shale gas focus to Poland, with plans to drill its first three wells in the undeveloped European play in the middle of next year