Vale cuts Canada nickel production due to crisis
Brazil's Vale , the world's largest iron ore miner, said on Thursday it would close indefinitely a mine in Canada that yields 8,000 tonnes of finished nickel a year as the global economic slowdown hits demand for raw materials.
Building permits sag, purchasing contracts
Purchasing activity in Canada contracted to its lowest level ever last month, while building permits fell sharply in October, two reports showed on Thursday, providing the first strong indications of a slower fourth-quarter economy.
November job losses expected in Canada
Canadian job losses likely began in earnest in November as the economy stagnated, following three straight months of surprisingly strong employment growth, analysts said on Thursday.
Canadian dollar rises as parliament to be suspended
The Canadian dollar fell nearly 2 percent in less than 90 minutes on Thursday after leaders of opposition parties said they still aim to oust the country's Conservative government from power.
TSX set to open lower on weak commodities
Toronto Stock Exchange's main index was down more than 100 points on Thursday afternoon on weakness in energy issues as oil dropped below $44 a barrel on fears a bleak world economic outlook will hit demand.
Four Canadian banks report, profit falls at three
Three of four Canadian banks reported lower profits on Thursday, but the results of the big players were either in line with market expectations or with the banks' own warnings in recent weeks.