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TSX moves higher as disappointing jobs report has little impact; dollar climbs

Fri, 10 Sep 2010 15:04:57 +0000

TORONTO - The Toronto stock market inched further into positive territory at mid-morning Friday as investors appeared to shrug off news that Canada's unemployment rate rose above eight per cent in Aug...

TSX edges higher as strong oil prices outweigh disappointing jobs report

Fri, 10 Sep 2010 14:40:57 +0000

TORONTO - The Toronto stock market opened with a small gain Friday as a big jump in oil prices provided a boost, while investors appeared to shrug off news that Canada's unemployment rate rose above e...

Canada's growth expected to continue in 2010, says RBC Economics

Fri, 10 Sep 2010 14:40:36 +0000

TORONTO - The Canadian economy will grow this year, though maybe not as fast as many observers had initially hoped, and much of the blame for that can be placed on a tepid recovery south of the border...

TSX set to open higher as strong oil prices outweigh disappointing jobs report

Fri, 10 Sep 2010 12:49:30 +0000

TORONTO - The Toronto stock market is poised to open higher as a big jump in oil prices is expected to offset news that Canada's unemployment rate rose to more than eight per cent in August. Statis...

Nokia fires CEO Kallasvuo as handset maker struggles against stiff competition

Fri, 10 Sep 2010 10:46:55 +0000

HELSINKI - Nokia Corp. says it will dismiss CEO Olli-Pekka Kallasvuo, as the world's largest handset maker struggles against fierce competition from rivals. The company said Friday that Kallasvuo w...

Nokia fires CEO Kallasvuo, brings in Microsoft exec to face competition

Fri, 10 Sep 2010 08:57:33 +0000

HELSINKI - Nokia Corp. will replace CEO Olli-Pekka Kallasvuo with Stephen Elop from Microsoft on Sept. 21, the world's largest handset maker said Friday, as it struggles to keep pace with smaller and ...

Japan's April-June GDP growth revised upward to 1.5 per cent annualized rate

Fri, 10 Sep 2010 08:03:21 +0000

TOKYO - Japan's economy grew more in the second quarter than preliminary data had indicated, the government said Friday. Gross domestic product expanded at an annualized rate of 1.5 per cent in the...

TSX turns negative, pressured by growing trade deficit and weak mining stocks

Fri, 10 Sep 2010 01:37:43 +0000

TORONTO - The Toronto stock market closed with a small loss Thursday, pressured by weakness in mining stocks and a report that Canada is exporting fewer goods to the United States. The S&P/TSX comp...

New home prices drop in July for the first time in 13 months as market cools

Fri, 10 Sep 2010 01:37:49 +0000

TORONTO - The price of a new home in Canada edged down in July for the first time in more than a year and fewer were built in August, evidence that a real estate slowdown seen this summer in the resal...

3G Capital names Latin American railroad executive as new Burger King CEO

Fri, 10 Sep 2010 01:38:11 +0000

NEW YORK, N.Y. - 3G Capital, the investment firm buying Burger King, has named Bernardo Hees, a former Latin American railroad executive, to be CEO of the company after it completes its US$3.26-billio...

Canada likely to return to jobs growth, but advance 'technical,' analysts say

Fri, 10 Sep 2010 01:41:38 +0000

OTTAWA - Economists are expecting some positive news Friday morning when Statistics Canada issues its next report on unemployment but they also caution that seasonal factors will likely skew the numbe...

Weak U.S., strong loonie contribute to biggest Canadian trade deficit on record

Fri, 10 Sep 2010 01:37:44 +0000

OTTAWA - The country's trade deficit hit a record $2.7 billion in July as exporters continued to feel the impact of a weak U.S. economy and strong loonie while Canadians imported more from abroad. ...

Annual rate of housing starts declines in August, CMHC reports

Fri, 10 Sep 2010 01:38:10 +0000

OTTAWA - Canada Mortgage and Housing Corp. reports the annual rate of housing starts fell three per cent in August. The agency revised its July estimates down to 188,900 from 189,200. The August...

Videotron to use French content and bundles to win customers from the big three

Fri, 10 Sep 2010 01:38:33 +0000

MONTREAL - Videotron says it will use its "chez nous" French programming and discounted bundles of services to attract customers to its new mobile phone network and away from the big three players, Ro...

Most actively traded companies on the TSX, TSX Venture Exchange markets

Fri, 10 Sep 2010 01:41:42 +0000

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,033.53 down 8.73 points): Baffinland Iron Mines...