Oil rose US$3 a barrel on Wednesday after a U.S. government report showed declines in fuel and crude inventories in the world’s top consumer.

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He had one of the top jobs in Canada’s manufacturing sector, working under a visionary owner who built his company from scratch. Now he’s pushing an idea his former employer abandoned — and launching an automotive startup in an industry hobbled by cutbacks.

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In another sign of rising tensions between the oil industry and the environmental movement, the World Wildlife Fund won a challenge before the U.K. advertising watchdog against Royal Dutch Shell PLC over its claims that oil sands projects in Canada are environmentally sustainable.

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Nearly one-quarter of Canadians do not agree with the federal government’s mortgage lending crackdown, a proportion that rises to nearly a third among non-homeowners, survey results done for a mortgage lending firm suggest.

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The Toronto Stock Exchange’s main index climbed 1% on Wednesday as resource shares bounded higher with commodity prices, eclipsing declines in financial and consumer stocks.

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Private-equity group Onex Corp., posted a quarterly net loss on Wednesday, but said the tough credit environment hasn’t stopped it from hunting for acquisitions.

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The loonie rose nearly 1 cent from its overnight low against the U.S. dollar, given a lofty commodity price backdrop, but closed flat on Wednesday due to the magnitude of the loss it had to overcome.

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Just as the Olympics occurring every two years is a sure thing, so is the fact that each new stadium construction project is seen as an opportunity to outdo everyone else.

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Do you know the difference between good debt and bad debt? In essence, good debt is used to purchase an asset that appreciates in value or has some income producing potential. Bad debt is used for consumption, like spending on cars, furniture, electronics and trips.

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Breeden finishes seventh; Burckle helps US to bronzeKentucky.com, KY - 4 hours agoAustralia's Stephanie Rice, Bronte Barratt, Kylie Palmer and Linda McKenzie finished in 7:44.31, shattering the world record of 7:50.09, set last year by …

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