Business RSS
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More than 91,000 litres of oil spilled from derailed Saskatchewan train
JANSEN, Sask. – A freight train jumped the tracks in southeastern Saskatchewan Tuesday and spilled more than 91,000 litres of oil. The accident happened as the Canadian Pacific Rail (TSX:CP) eastbound train was rolling through an area near the village of Jansen, about 150 kilometres southeast of Saskatoon. The company said five cars derailed, but
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Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,742.43 up 129.38 points): Goldcorp Inc. (TSX:G). Miner. Up 77 cents, or 2.90 per cent, at $27.35 on 30.83 million shares. The gold sector led advancers on the main index, up 3.16
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‘Idol’ finale not even the biggest TV event of the week
NEW YORK, N.Y. – For the past decade, the “American Idol” season finale has been one of television’s biggest events of the year. Now it’s not even TV’s biggest event of the week. The Nielsen company estimated that 14.3 million people watched Candice Glover’s victory over Kree Harrison in last week’s final episode of the
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Focus on the Markets
TORONTO – The Canadian dollar closed at 97.39 cents U-S, up 22-100ths from Friday’s close. The S-and-P/T-S-X composite index climbed 129.38 points to 12,742.23. Volume at 4:15 p.m. Eastern Time was 416.93 (m) million shares. The Dow Jones industrial average jumped 52.30 points to 15,387.58. The Standard and Poor’s 500 was up 2.87 points at
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Canaccord reports Q4 profit, revenue up 23 per cent from year ago
TORONTO – Canaccord Financial Inc. (TSX:CF) said Tuesday that it earned $6.4 million in its latest quarter as revenue increased 23 per cent compared with a year ago. The investment firm said the profit amounted to four cents per diluted share for the quarter ended March 31 compared with loss of $31.8 million or 42
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Tablets on the sidelines? Could be as NFL and Microsoft enhance interactive experiences.
Imagine Sean Payton holding up a Surface tablet instead of a cardboard playsheet on the sideline. Envision Peyton Manning sitting on the bench and dissecting the last series from a variety of camera angles on his hand-held device instead of looking at still photos. Or sitting at home and pulling up real-time highlights on a
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Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
REDMOND, Wash. – Microsoft thinks it has the one. The company unveiled the Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment. It will go on sale later this year. Don Mattrick, Microsoft’s president of interactive entertainment business, said the company
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Brookfield to sell its controlling stake in N.B. forest products company
EDMUNDSTON, N.B. – Two U.S. investment firms are buying a controlling stake in Twin Rivers Paper Company, Inc., which operates mills in New Brunswick and Maine. Blue Wolf Capital Partners and Atlas Holdings say they expect to close the deal with Toronto-based Brookfield Asset Management Inc. (TSX:BAM.A) in about three weeks. They didn’t disclose financial
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Julie Dickson not serving second term as OSFI chief, finishes July 4
OTTAWA – The head of Canada’s financial watchdog is not going to serve a second term. Julie Dickson, head of the Office of Superintendent for Financial Institutions, will finish her term on July 4. She took over the job in July 2007, just ahead of the global financial crisis that plunged Canada into a deep
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Lew: IRS actions “inexcusable” and urges acting director to hold people accountable
WASHINGTON – Treasury Secretary Jacob Lew says the Internal Revenue Service’s targeting of conservative political groups was “unacceptable and inexcusable” and he has directed the agency’s acting director to hold people accountable. Lew told the Senate Banking Committee that he has also asked acting director Daniel Werfel to fix any flaws in management of the