Business News
Japan's economy grows at 3.3 per cent annual pace in first quarter
TOKYO - Japan's economy grew at a stronger-than-expected 3.3 per cent annual pace in the first quarter, racking up its third consecutive quarter of growth. Japan's gross domestic product - or the v...
Oil falls as options expire; Retail gas prices rise past US$3.77 a gallon
NEW YORK - Oil futures ended a whipsaw session slightly lower Thursday as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than US$3 ...
Rabaska signs letter of intent with Gazprom for LNG supply
LEVIS, Que. - Russian energy giant Gazprom plans to enhance its North American presence by partnering with Canadian pipeline companies Enbridge Inc. (TSX:ENB) and Gaz Metro (TSX:GZM.UN) to supply the ...
Coalcorp ends strategic, seeks to up production amid high coal prices
TORONTO - Coalcorp Mining Inc. (TSX:CCJ) is no longer trying to sell itself, choosing instead to focus on developing its La Francia project and increasing production to take advantage of high coal pri...
Property services provider FirstService shares fall 12 per cent
TORONTO - Shares of FirstService Corp. (TSX:FSV) fell more than 10 per cent Thursday after the company reported a quarterly loss of US$12 million. FirstService shares fell C$2.77 or roughly 12 per ...
Dorel to pay US$3.4 million to Mattel for violating trade patents
MONTREAL - Dorel Inc. (TSX:DII.B) has been ordered by U.S. court to pay US$3.4 million to toy manufacturer Mattel for violating trade patents. The ruling issued May 5 by the Delaware District Court...
Cameco eyeing acquisitions following a drop in the uranium spot price
SASKATOON - Cameco Corp. (TSX:CCO) says it's ready to seek out potential acquisitions now that falling uranium spot prices have made the possibility of a purchase "more reasonable." The world's big...
Desjardins almost doubles ABCP writedowns with $220M Q1 writedown
MONTREAL - Asset-backed commercial paper weighed down the quarterly results of another Canadian financial institution as Desjardins Group took a $220 million first-quarter writedown, nearly doubling i...
Surprise manufacturing retreat raises concerns growth could slip below zero
OTTAWA - Surprisingly weak manufacturing output in March has left the Canadian economy teetering on the brink of the first quarterly economic contraction since 2003, economists said Thursday. For y...
Financials, metals send TSX to fresh record close;NY also higher despite weak data
TORONTO - The Toronto stock market surged to a record-high close Thursday in a broadbased advance led by solid gains in financial and metals stocks even as investors took in data which showed that a w...
Lottery results for Thu, May 15
