The Toronto Stock Exchange’s main index gave up nearly all of its gains on Wednesday, as weak resources undermined a rally in financial issues after Royal Bank of Canada said it will take a second-quarter writedown that was smaller than had been forecast.
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Clear Channel Communications Inc.’s acceptance of a lower takeover price may signal a return of leveraged buyouts and increase the chances an investor group completes its $52-billion purchase of BCE Inc.
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Bell Canada won a reprieve at the Canadian Radio-television and Telecommunications Commission on Wednesday when the regulator ruled against smaller Internet Service Providers seeking to immediately stop the company from the downgrading of Web services of their customers.
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With multi-million dollar writedowns the new norm for the banking sector, few in the industry were surprised or alarmed by Royal Bank of Canada’s announcement on Wednesday it will take an $855-million charge in the second quarter of 2008.
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A northern Alberta aboriginal band has launched a civil lawsuit claiming unbridled oil and gas development in their traditional territory renders their treaty rights meaningless.
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Imperial Oil Ltd has failed in a bid to have a judge reinstate a key permit for its proposed Kearl oil sands project, increasing the odds that the $8-billion Alberta development will be delayed.
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High gasoline prices got you down? Come to the land of seasonal adjustment, where the sun is always shining and gas prices fell 2% last month.
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Microsoft Corp said on Wednesday its Xbox 360 game machine beat Nintendo Co Ltd’s Wii and Sony Corp’s PlayStation 3 to reach 10 million units in U.S. sales.
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Toronto will be the housing construction hot spot this year, but more by default, as it will be the only major city in Canada where the pace of construction will increase, and the increase will be limited to condos, according to a new forecast.
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TopNewsMalaysia to spend $458 M to subsidize rice farmers this yearABS CBN News, Philippines - May 13, 2008… the government would also spend an additional 254 million ringgit to boost local rice production, as the price of Asia's staple diet continued to soar. …Malaysia's rice buffer stock hits 290000 tonnes Trading Markets (press release)all 30 news articles
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