Teck cuts 1,400 jobs, 2009 coal production
Teck Cominco Ltd will cut about 1,400 jobs, or 13 percent of its staff, as part of a plan to lower costs and keep competitive following a sharp drop in commodity prices, the mining company said on Thursday.
Canadian companies may benefit from U.S. stimulus funds
Canadian companies in sectors as diverse as technology and transit are poised to cash in on hundreds of billions of dollars of government economic stimulus spending around the world, analysts say.
Loonie strengthens as data hits greenback
The Canadian dollar strengthened versus the U.S. currency on Thursday as the greenback retreated on weak U.S. economic data and investors braced for key monthly employment figures due on Friday.
Jaguar appeals TSX approval of HudBay-Lundin deal
Jaguar Financial is appealing a decision by the Toronto Stock Exchange to not force HudBay Minerals to hold a shareholder vote ahead of its planned takeover of Lundin Mining .
Ontario Teachers' pension fund warns on options repricing
One of Canada's largest pension funds warned on Thursday that it did not want to see companies using the global stock market selloff as an excuse to reprice options it uses to pay executives.
TSX may open higher as oil rallies
Toronto's main stock index finished higher in a late-session burst on Thursday with the materials group boosted by strength in gold-mining issues as bullion prices rose.