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Toronto pastor, wife charged in alleged $8.6M Ponzi scheme

A Toronto pastor and his wife are facing 38 counts of fraud after Toronto police alleged they defrauded members of their congregation out of $8.6-million in a Ponzi scheme, leaving some...
Janet McFarland, The Globe and Mail
Posted on 5-03-2013 at 1:30 PM

Valeant adjusted profit up; raises profit forecast

Valeant Pharmaceuticals International Inc., Canada's biggest publicly traded drugmaker, reported a 12-percent rise in adjusted quarterly profit due to higher product sales and raised its...
Bhaswati Mukhopadhyay, Reuters
Posted on 5-02-2013 at 8:57 AM

Ontario tables olive-branch budget

Ontario’s minority government is tabling a budget that offers relief to drivers, people on welfare and small business as it fights for its political life.
Greg Bonnell, BNN Reporter
Posted on 5-02-2013 at 4:12 PM

Suncor running short of gasoline in Western Canada

Suncor Energy Inc , Canada's largest oil company, said on Thursday that some of its retail stations in Western Canada have run out of gasoline because work at the company's Edmonton,...
Scott Haggett, Reuters
Posted on 5-02-2013 at 2:06 PM

Manulife profit falls 56% on insurance sales decline

Manulife Financial Corp. has reported a drop in first-quarter profit to $540 million, less than half the amount the insurer earned in the same period last year, dragged down by a steep...
Jacqueline Nelson, The Globe and Mail
Posted on 5-02-2013 at 7:17 AM

'Joe Fresh' maker to stay in Bangladesh: Loblaw chief

Loblaw Cos Ltd., Canada's largest grocer and the company behind the discount clothing brand Joe Fresh, is committed to staying in Bangladesh, but will take steps to improve facilities, its...
Alastair Sharp and Solarina Ho, Reuters
Posted on 5-02-2013 at 12:47 PM

Magna auto plant resumes production after blast

Magna International Inc. said on Wednesday it is resuming operations at a Toronto-area auto parts plant that was earlier shut down by an explosion and fire that injured nine people
Solarina Ho, Reuters
Posted on 5-01-2013 at 3:29 PM