Shares of Maple Leaf Foods Inc. were down nearly 9% shortly after the market opened on Monday morning after test results from Health Canada over the weekend established a connection between meat products recalled by the company and a listeria outbreak that has been linked to at least four deaths. Despite the sell-off that follows a 10% decline last week after the first product recall was announced on Aug. 17, some analysts are suggesting that this is not another Menu Foods.
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Senior members of the Conservative government have discussed a possible $1-billion cut to a tax on diesel fuel, sources say, a move that would benefit cash-strapped manufacturers and municipalities.
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Persistence has paid off for Precision Drilling Trust after its fourth bid in two months was finally accepted by American drilling contractor Grey Wolf Inc.
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Norwegian solar industry group Renewable Energy Corporation announced on Monday preliminary plans to build a new silicon plant in Quebec in Canada for a 2012 start-up.
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Precision Drilling Trust wins takeover deal with Grey Wolf, U.S. home resales rise and Ottawa mulls scrapping diesel tax. Alia McMullen reports on today’s top stories.
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Ownership of the prized assets of former Canadian miner Alcan continues to hang in the air after regulators approved the Chinese acquisition of a stake in Rio Tinto — the company that bought Alcan last year — a move that threatens to block a rival US$143-billion takeover bid for Rio Tinto.
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Peregrine Diamonds has found diamonds at its six-hectare Chidliak exploration property in the northern Canadian territory of Nunavut.
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Canada’s dollar rose as crude oil surpassed US$115 a barrel. The Canadian dollar strengthened versus 15 of the 16 most-actively traded currencies. Commodities account for more than half of the nation’s export revenue.
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It may be odd for a rise in inflation to prompt calls for interest rate cuts, but that paradoxical view prevails in Canada after inflation stayed above the central bank’s target range for two straight months.
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Radio AustraliaReuters Southeast Asia News Highlights 0900 GMT Aug 25Yahoo, Thailand - 10 hours agoHANOI - Vietnam has exported 3 million tonnes of rice so far this year, a drop of 5.7 percent from the same period last year, while its revenues have almost …Stakes are high in Malaysian election International Herald Tribuneall 168 news articles
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