Harper vows to do what it takes to combat crisis
Canada will take whatever fiscal and monetary measures are needed to combat the effects of the global financial crisis, Prime Minister Stephen Harper said on Thursday, predicting more economic gloom to come.
Loonie pummeled by commodities, stock rout
The Canadian dollar lost 2-1/2 U.S. cents against the U.S. dollar on Thursday as commodity prices weakened and global stock markets were routed.
Canadian, U.S. officials meet on automaker aid
Canadian officials met U.S. lawmakers on Thursday to ensure any congressional bailout of General Motors Corp, Ford Motor and Chrysler LLC keeps the Canadian side of the automotive supply chain in mind.
TSX may open lower; oil, G20 in focus
Toronto Stock Exchange's main index sank to its lowest level in five years on Thursday as an earnings warning from Toronto-Dominion Bank pounded the financials group and the price of crude slid below $50 a barrel.
Toronto-Dominion hit by credit trading losses
Toronto-Dominion Bank said on Thursday that the "dramatic" lack of liquidity in global credit markets will prompt charges of C$350 million ($273 million) for credit-trading losses, reducing its fourth-quarter earnings.
Teck cuts dividend, sells assets to pay down debt
Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the company said on Thursday.