Business News

Hargrove prepares to step down as head of Canada's largest private-sector union

TORONTO - After 16 years as president of the Canadian Auto Workers union, Buzz Hargrove is preparing for a less hectic life as author, commentator and consultant - but definitely not politician. "N...

TSX down, off early lows as energy losses moderate;NY weak on job losses

TORONTO - The Toronto stock market was in the red Friday afternoon on deepening investor pessimism about economic conditions but well off the worst levels of the session. 'If you look at all the nu...

New Coalcorp CEO optimistic despite deepening losses: 'exciting time'

TORONTO - Despite heavy losses in its latest financial year, the new CEO of Coalcorp Mining Inc. (TSX:CCJ) says the company will soon generate "substantial operating cash flows" due to production incr...

Tembec stock rebounds, regains most of losses after media report

MONTREAL - Tembec Inc. shares (TSX:TMB) recovered Friday after a massive one-day drop the previous day, following a media report that the forestry company says was erroneous. Tembec shares were at ...

Markets still rocky but underlying environment 'benign': Deutsche Bank chief

CALGARY - The global financial system has been "pushed to the brink" in its most severe downturn since the Great Depression, although the actions of American policy makers have averted disaster, the h...

Richard Guay confirmed to succeed Rousseau as Caisse de depot CEO

MONTREAL - The Quebec government has approved the appointment of Richard Guay as CEO of the Caisse de depot et placement du Quebec, Canada's biggest institutional investor. Guay, 47, had been inter...

Patheon quarterly loss improves to $14.7M from $63.1M; revenue up 18 per cent

TORONTO - Patheon Inc.'s (TSX:PTI) turnaround efforts appear to be paying off despite a soft pharma market as the contract drug manufacturer's third quarter results included a smaller loss compared wi...

GBS Gold stock falls 15 per cent after miner says it's in the middle of review

TORONTO - GBS Gold International Inc. (TSX:GBS) stock fell 15 per cent amid a continued review of its operations and financing requirements. Shares in the Toronto gold company traded at 11.5 cents,...

TSX selloff extends to 4th session as US jobs data discourages;NY also tumbles

TORONTO - Investors faced a fourth day of steep losses on the Toronto stock market as investor pessimism about economic conditions deepened. "If you look at all the numbers, you have to say we have...

BP chairman upbeat on long-term economy

CERNOBBIO, Italy - The chairman of British oil company BP PLC said Friday that global economic conditions will remain difficult for some time but will eventually recover due to growth in China and the...