The main TSX index ended lower Monday in a late-day retreat as financials were hurt by nagging concern that there will be more fallout from the credit crunch.

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The Bush administration on Monday cut its budget deficit forecast for the current year but expanded it to a record US$482 billion for 2009 as the weakening U.S. economy slows revenues and spending remains high.

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The telecom firm’s newly appointed chief executive George Cope announced the company will shed 2,500 management positions representing several layers of bureaucracy as the first steps of a plan designed to steer the bloated telecommunication giant back into competitive shape.

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First it was Canada’s top 25 markets that were feeling that pain from a slowdown in housing, now it’s clear the malaise has hit the entire country.

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Cellphone client launches class-action suit over Bell’s plans to charge 15¢ per incoming message to customers who do not pay a monthly fee for text messaging

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Guaranteed Investment Certificates, or GICs as they are commonly known, are extremely popular savings vehicles. They are the classic safe investments that provide a low-risk and low-return combination.

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Most Canadians consider the environment when making purchasing decisions, but few believe companies’ claims about “green products” are anything more than a marketing ploy, according to a survey released Monday.

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First-class passengers will be able to take a shower at 43,000 feet and enjoy a drink at the upstairs bar on Dubai-based airline Emirates’s double-decker Airbus A380s, the airline said on Monday.

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Rising grain and dairy prices are taking a growing slice out of household incomes as food giants such as Kraft Foods Inc. hike their prices to cover higher input costs. That slice is expected to continue to grow, according to Donald Coxe, global portfolio strategist at BMO Capital Markets

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Qatar rice stocks dry up amid rising pricesBusiness Standard, India - Jul 27, 2008An estimated 100000 Indian residents solely depend on non-basmati rice for their daily meal, in addition, rice forms the staple food of many south-Asian …

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