Business RSS
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Wholesale sales up 0.3 per cent in March: StatsCan
OTTAWA – Statistics Canada says wholesale sales grew 0.3 per cent in March to $49.1 billion, mainly due to higher motor vehicle sales. The agency says in volume terms, wholesale sales were up 0.1 per cent in March. In March, four of seven subsectors reported gains, accounting for about two-thirds of wholesale sales. Sales in
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Mullen Group to add up to $40 million in annual revenue from Sask. acquisition
OKOTOKS, Alta. – Mullen Group Ltd. (TSX:MTL) expects to add up to $40 million in annual revenue through the purchase of Jay’s Moving & Storage Ltd., a 450-employee Saskatchewan company based in Regina. Jay’s Moving has 11 full-service terminals and warehouses and a fleet of over 600 trucks and trailers. Mullen Group says Jay’s will
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Calif. herbal doctor who promised cancer cure to be sentenced; prosecutors seek 27-year term
LOS ANGELES, Calif. – A doctor who said she could cure late-stage cancer and other diseases through an herbal supplement is scheduled to be sentenced Friday in a Los Angeles courtroom after being convicted of defrauding dozen of patients across the nation out of $1 million. Federal prosecutors are asking a judge to sentence 58-year-old
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Court bans on wild animals, child performers force struggling Indian circuses to adapt or die
MUMBAI, India – In the early morning heat and dust, daily practice at the Rambo Circus is in full swing. A trapeze creaks as two performers perfect their throws. A Colombian daredevil shouts to his colleagues scrambling atop a giant set of spinning wheels called the Ring of Death. Looking on with worry is circus
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Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,507.60 up 33.95 points): Surge Energy Inc. (TSX:SGY). Oil and gas. Up 34 cents, or 8.17 per cent, at $4.50 on 15.78 million shares. The energy sector was up 0.21 per cent
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Alcoa to close two potlines in Quebec, delay new construction for three years
MONTREAL – Alcoa will eliminate about 500 jobs by permanently closing two potlines this summer at its smelter in Baie-Comeau, Que., while also delaying construction of more efficient facilities at the smelter for three years. The company said Thursday that the job cuts will be made through retirements and attrition at the smelter, which currently
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Gitga’at evict Northern Gateway crew conducting spill response survey
HARTLEY BAY, B.C. – Members of the Gitga’at Nation say they have evicted a Northern Gateway Pipelines crew from their territory on the north coast of British Columbia as it tried to conduct oil spill response surveys. The small First Nation of Hartley Bay says the crew showed up uninvited to carry out work on
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US regulators adopt weakened rule on derivatives trading; critics say large banks to benefit
WASHINGTON – A rule intended to loosen the largest U.S. banks’ control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators. Critics say the changes will allow major Wall Street banks to continue to dominate the $700 trillion derivatives market. The Commodity Futures Trading Commission approved the
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CPP Investment Board reports 10.1 per cent return, assets grow to $183 billion
TORONTO – The Canadian Pension Plan Investment Board earned a 10.1 per cent return in its latest fiscal year as it strove to strengthen its foothold in emerging markets. The fund, which invests the money not needed by the Canadian Pension Plan to pay benefits, says its assets grew by $21.7 billion from a year
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CAE shares surge as Q4 results beat expectations despite dip in profits
MONTREAL – CAE’s shares hit a new 52-week high Thursday after the flight simulator and training company reported better-than-expected results. Shares in the Montreal-based company peaked at $11.37 in early trading on the Toronto Stock Exchange before giving up some of its gains to trade for $11.25, up 65 cents. CAE (TSX:CAE) said it earned
