Nortel Networks to sell stake in Sasken
The Canadian telecommunications firm is selling its stake in Sasken Communication Technologies Ltd to Sundaram BNP Paribas, reports suggest.
BMO Financial Q3 profit falls to CAN$521m
BMO Financial Group said that quarterly profit fell by 21 percent as the banking group increased its provisions for bad loans.
Falling oil prices will limit windfall, says Government
A Government spokesman has warned that falling oil and gas prices will limit Alberta's budget surplus.
Nortel acquires DiamondWare to improve virtual web, voice communications
Nortel Networks Corp said August 21, that it has purchased DiamondWare Ltd, a software firm whose voice technology aims to bring lifelike sounds to virtual worlds on the web.
HMV Canada and Bell launch retail partnership
Music retail giant HMV Canada and major Canadian telecommunications company Bell Canada have announced a new partnership and exclusive distribution agreement.
Newfoundland and Labrador look forward to huge oil royalties
The Government in St Johns has signed a deal with Hebron that could result in CAN$20 billion worth of royalties, as well as offering employment for approximately 3, 000 people as part of Hebron’s offshore oil project.