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Business News

Markets up on positive data from China
The TSX opened higher Wednesday led by materials on strong data from China.
Kevin Lynch named Vice Chair of BMO
His new role a strategic advisor to senior management is interesting on a number of fronts.
CIBC sees loonie at par by summer
Avery Shenfeld, with CIBC World Markets, said the Canadian dollar will reach US$1.02 by September, before dropping to US97¢ cents by year's end
Quebecor returns to profit
Diversified media company Quebecor Inc. reported fourth-quarter profits Wednesday on the back of improvements in its telecommunications and news segments
Canadian corporates go on a shopping spree
For the first time in five years, the announced acquisitions of international companies by Canadian entities outstripped foreign takeovers in 2009.
Air Canada, Emirates war of words escalates
The fight to limit Emirates Airline’s access to the Canadian market escalated Tuesday with Calin Rovinescu, Air Canada’s chief executive, accusing the UAE airline of telling “fairy tales” about the economic benefits greater acces
Goldman seeks leave to appeal Shaw ruling
Goldman Sachs Group Inc. is seeking leave to appeal a lower court’s ruling to approve a bid by Shaw Communications Inc. to purchase a controlling interest in Canwest Global Communications Corp. alleging that the restructuring process has been "corr
Kevin Lynch named Vice Chair of BMO
His new role a strategic advisor to senior management is interesting on a number of fronts.
Scotia 'blessed' with options for financing buys: CEO
Bank of Nova Scotia is “blessed” with multiple options for financing potential acquisitions, said Rich Waugh, the chief executive.
Air Canada, Emirates war of words escalates
The fight to limit Emirates Airline’s access to the Canadian market escalated Tuesday with Calin Rovinescu, Air Canada’s chief executive, accusing the UAE airline of telling “fairy tales” about the economic benefits greater acces