New orders for long-lasting U.S. manufactured goods rose surprisingly in June on demand for metals, machinery, electrical equipment, and military needs, even though transportation orders were weak, a government report showed on Friday.

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The Toronto Stock Exchange’s main index slid in early trade on Friday, after jumping 100 points immediately after the open, as financials fell and resource shares came off earlier gains along with commodities.

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Honda Motor Co., Japan’s second-largest automaker, posted an unexpected 8.1% gain in fiscal first-quarter profit after record gasoline prices spurred demand for its fuel-efficient Fit and Civic cars.

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The $800-million resource deal signed on a recent trade mission to Taiwan is “the way of the future,” for Saskatchewan First Nations, says the chief of the Federation of Saskatchewan Indian Nations (FSIN).

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Home foreclosure filings rose 14% in the second quarter, the eighth consecutive quarterly climb, and more than doubled from the same period a year-earlier, real estate data firm RealtyTrac said on Friday.

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Canada’s dollar is poised for a weekly decline after oil dropped and a report showed a rise in retail sales was less than forecast.

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Oil fell back below US$125 a barrel on Friday, extending a decline that has knocked more than US$20 off prices in two weeks.

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Soaring fuel prices and waning demand have caused turbulence
for airlines around the globe. But until recently, Canadian airlines
were bucking the trend by filling planes fuller than ever, adding
capacity and charging higher fares in what has been called the
coveted “triple play” for the airlines.

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Loblaw reported a 1.5% increase in sales, but profit rose 18% as the company the company faced reduced restructuring charges during the quarter.

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XinhuaSeoul has desert island dreamsAsia Times Online, Hong Kong - 4 hours agoThe North Korean snub of Yu was all the more pointed in view of Pak's handshake during a break in the meeting with US Secretary of State Condoleezza Rice …Major partners vow to send senior envoys to ASEAN Jakarta PostASEAN Chairman's statement on Conference in Singapore Webnewswire.comKyodo news summary -4-+ TMCnetRadio Australia - TMCnetall 90 news articles

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