Oil dropped by US$5 on Thursday, extending a decline of about 12% from last week’s record on worries over U.S. demand and easing political tensions between Iran and the West over the OPEC producer’s nuclear program.
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The third-largest U.S. investment bank said it is selling close to $8 billion of assets in a bid to raise fresh capital and posted a $4.9 billion second-quarter loss because of write-downs.
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Canadians are richer than they think, although it may not last, an economic think-tank has calculated.
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Computer chip maker Advanced Micro Devices said on Thursday that Chief Executive Hector Ruiz was stepping down to be replaced by President and Chief Operating Officer Dirk Meyer, effective immediately
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A lawyer representing Livent Inc co-founder Garth Drabinsky suggested to a Toronto court on Thursday that former vice-president of finance Gordon Eckstein had been “blowing smoke†in the eyes of former employees and directed the alleged fraud at the company unbeknownst to Mr. Drabinsky or his partner Myron Gottlieb
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The Bank of Canada continues to expect Canada to escape a recession in the first half of 2008, raising slightly in fact its projection for second quarter growth.
The bank also downplayed the rise in inflation expectations among many Canadian businesses, saying they could reverse quickly if volatile energy prices stabilize.
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The Toronto Stock Exchange’s main index slipped lower on Thursday as a strong showing from financials was offset by resource shares that were hit by another sharp drop in oil prices.
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There is little evidence to support suspicions that speculators are the culprits behind rising world food prices, the Conference Board of Canada argued in a report released on Thursday.
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Shares fell sharply in after-hours trading on Thursday after the Internet search company reported quarterly results that missed Wall Street expectations.
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Canada.comDressing differentlyCanada.com, Canada - 6 hours agoIt is in Japanese cuisine more than any other Asian cuisines that salads are found. Fresh-tasting vinaigrettes may incorporate Japanese rice vinegar, …
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