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Ottawa begins fiscal year with $1.1B deficit

The Conservative government is starting the year off in the red, posting a $1.1-billion deficit over the first two months of the current fiscal year.

Posted on 7-25-2014 at 12:06 PM

Trucking takeover: Transforce swallows Contrans

Trucking firm Transforce Inc. is buying smaller rival Contrans Inc. in a friendly deal worth about half-a-billion dollars.

Posted on 7-25-2014 at 11:15 AM
U.S. durable goods orders rebound, core capital goods rise

U.S. durable goods orders rebound, core capital goods rise

Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.

Posted on 7-25-2014 at 11:06 AM

Alternative to REIT sector has eye-popping yields

Investor skepticism toward mortgage investment corporations (MICs), while understandable, may obscure an opportunity to combine stable income with capital preservation at good prices.

Posted on 7-25-2014 at 9:59 AM

Russia raises rates in move seen as arming for sanctions

The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from...

Posted on 7-25-2014 at 9:50 AM

Air Canada flight to Tel Aviv lands safely as rockets fired near airport

An Air Canada flight to Tel Aviv circled above Israel's main international airport before landing on Friday after rockets were fired at the airport.

Posted on 7-25-2014 at 9:49 AM
Nortel U.S. unit agrees to pay bondholders $1B interest

Nortel U.S. unit agrees to pay bondholders $1B interest

Nortel Networks Corp.’s defunct U.S. unit agreed to pay bondholders as much as $1 billion U.S. to cover interest that investors claim has accrued since the former telecommunications giant...

Posted on 7-25-2014 at 9:43 AM

Amazon's heavy investing eats into bottom line, shares drop

Amazon.com Inc. posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.

Posted on 7-25-2014 at 9:03 AM

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