Canada's Globe and Mail says to cut 80 jobs
Canada's Globe and Mail plans to use voluntary severance and layoffs to cut about 80 jobs, or 10 percent of its work force, as the national daily newspaper copes with a slowdown in the advertising market, its publisher and chief executive said on Friday.
Biovail reaches settlement with OSC
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 defers first batch of auto aid to mid-Jan
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.
TSX may open higher as oil rallies
Toronto's key stock index closed sharply lower on Friday as employment data from Canada and the United States provided more evidence of a global recession, undercutting oil prices and shaking the resource-heavy TSX.
AIG close to deal for Canadian life unit: source
American International Group Inc is close to a deal to sell its Canadian life insurance business, a source close to the transaction said on Friday.
Flaherty sees "substantial" deficit
Finance Minister Jim Flaherty warned on Friday of significant Canadian job losses in 2009 and said he was not ruling anything out as he prepares a stimulus package for a budget that he said would run a large deficit.