The Bank of Canada sees a greater risk of recession in Canada than it did just one month ago as the global financial crisis rips through the economy, Governor Mark Carney said on Wednesday.
Microsoft Corp Chief Executive Steve Ballmer ruled out an acquisition of Yahoo Inc on Wednesday but said his company was interested in resuming talks on a Web search partnership.
The Canadian dollar closed below 80 U.S. cents for the first time since October 28 on Wednesday as stock markets tumbled, prompting nervous U.S. investors to bring funds home, benefiting the U.S. dollar.
Shares of Bank of Montreal , Bank of Nova Scotia and Canadian Imperial Bank of Commerce led Canadian banking stocks lower on Wednesday morning as analysts said big securities-related writedowns loom in their upcoming quarterly reports.
The Toronto Stock Exchange's main index was down more than 200 points by late morning on Wednesday after a see-saw open when heavily weighted financial shares were hit hard and gold shares rallied sharply.
Shareholders are stepping up the pressure for Canadian healthcare company MDS Inc to split into three separate companies, a CIBC World Markets analyst said on Wednesday.
The battle between open source and proprietary software is something that is of real interest, and not just in terms of the $1trillion market that it represents.
Tom Bloch walked away from the corporate boardroom and into an urban classroom in 1995. Today he’s still teaching middle school math at the charter school he helped found.
Serial Canadian entrepreneur Suneet S Tuli explains his plans to bring fast and free internet to the developing world.
Peter Fusaro, the Chairman of Global Change Associates, is a recognized “thought leader” on energy and environmental markets and bestselling author of What Went Wrong at Enron. Exec catches up with this man on the move
Kuala Lumpur forms the most industrialized city in Malaysia. Exec finds out how it has become a metropolitan center.
Wednesday, November 19, 2008 11:50 AM