Canada house starts edge lower in December
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.
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.
Canada November building permits fall to 21-month low
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 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.