The Canadian dollar edged lower versus the U.S. currency on Friday as December employment data in Canada signaled that the economy has likely slipped into recession, giving the Bank of Canada more ammunition to cut interest rates further.
Canadian housing starts fell 0.4 percent in December to a seasonally adjusted rate of 177,300 units from an upwardly revised 178,000 units in November, Canada Mortgage and Housing Corp said on Friday.
The value of Canadian building permits tumbled 11.8 percent in November from October to a 21-month low, Statistics Canada said on Friday, adding to evidence that the economy began contracting in late 2008.
Biovail Corp said on Friday it has reached a settlement with the Ontario Securities Commission over an investigation into the company's accounting and disclosure practices dating back to 2001.
Ottawa has agreed to a request by the Canadian arms of General Motors Corp and Chrysler LLC to defer their first emergency loans until mid-January, a government official said on Friday.
Toronto's main stock index was down at midmorning on Friday as oil prices dropped on weak U.S. jobs data, undermining the resource-heavy index's early gains.
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.
Friday, January 09, 2009 10:11 AM