Telus, BCE to team up on network upgrade
Telus Corp, Canada's No. 2 phone company, said on Friday it will build a next-generation wireless network with Canada's biggest telecom company, BCE Inc, as they fight for market share with rival Rogers Communications Inc.
Canadian job market unexpectedly soars
The Canadian economy created more than 10 times the number of jobs expected in September, figures released on Friday showed, while the government unveiled a plan to buy insured mortgages to help cushion banks from the global financial crisis.
Potash Corp tells workers to take deal amid turmoil
WINNIPEG, Potash Corp of Saskatchewan has urged striking miners to accept its latest contract offer because the global economic crisis could make it hard to justify its proposed wage and pension increases in the future.
Dollar at 17-month low, traders ignore data
The Canadian dollar closed at its lowest level since March 2007 against the U.S. dollar on Friday, taking its biggest one-day slide in nearly 38 years, as fears of a global recession and slumping commodity prices trumped some better than expected economic data.
Canada to buy up to C$25 billion in insured mortgages
Canada plans to buy up to C$25 billion ($21 billion) in insured residential mortgages to help cushion banks from the global financial crisis and address a "scarcity" of private-sector lending, Finance Minister Jim Flaherty said on Friday.
Toronto stock index sinks as oil drops
The main index of the Toronto Stock Exchange tumbled almost 6 percent on Friday as the latest wave of panic swept through global equity markets, wiping billions of dollars more from investor portfolios and pushing commodity prices sharply lower.