OTTAWA - Consumer prices in Canada remained stubbornly hot last month, driving the loonie higher on expectations the Bank of Canada may be on interest rate alert....
LONDON - British stocks led Friday's advance in global markets after the part-nationalized Lloyds Banking Group issued a buoyant trading update, but the euro continued to founder amid renewed fears about Greek debt crisis....
MONTREAL - Canadian National Railways said Friday a federal arbitrator has awarded a 6.8 per cent wage increase over three years to locomotive engineers who participated in a five-day strike late last year....
TORONTO - Paper and cardboard company Atlantic Packaging Products is closing its recycled newsprint plant in Whitby, Ont., citing a "drastic" decline in North American newsprint demand....
OTTAWA - Statistics Canada says retail sales rose 0.7 per cent in January to $35.7 billion, driven partly by consumers rushing to take advantage of the final month of the federal government's Home Renovation Tax Credit....
CALGARY - Oil and gas producer Nexen Inc. (TSX:NXY) and partner Shell (NYSE:RDS.A) have made a "significant" oil discovery in the eastern Gulf of Mexico, Nexen said Friday....
BRUSSELS, Belgium - The European Union's finance executive called Friday for banks to pay into a fund that could be drawn upon in case of collapse, an effort to shield taxpayers from the fallout of future crises....
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