China's February exports jump 45.7 per cent in sign of growing global demand
March 09, 2010 - 8:44 pm
BEIJING - China's exports grew strongly in February in a new sign of a rebound in global demand, government figures showed Wednesday. Exports were up 45.7 per cent in February over a year earlier, the Chinese customs agency reported, beating forecasts by private sector analysts of 35 to 40 ...
Soaring China property prices raise worries over bubble, leave many unable to buy own homes
March 09, 2010 - 7:54 pm
SHANGHAI, China - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and ...
Federal investigators sent to determine cause of reportedly runaway Prius
March 09, 2010 - 6:47 pm
EL CAJON, Calif. - The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its ...
Toyota says it will expand recall of Tundra pickups to address frame rust issue
March 09, 2010 - 6:46 pm
WASHINGTON - Toyota said Tuesday it will expand a recall announced last year to fix Tundra pickup trucks with frames that could rust and lead to spare tires falling from the vehicle. Toyota spokesman Brian Lyons said the recall will cover Tundra pickups from the 2000-2003 model years in ...
Papandreou: positive reaction from Obama to European push for crackdown on speculators
March 09, 2010 - 4:57 pm
WASHINGTON - Greek Prime Minister George Papandreou said following a White House meeting Tuesday that President Barack Obama reacted positively to European ideas about cracking down on currency speculation. Papandreou says he outlined European proposals in his White House meeting. He says ...
Alberta royalty changes to be released Thursday in response to review
March 09, 2010 - 4:43 pm
EDMONTON - Changes to energy royalties in Alberta are to be announced Thursday with the release of a report on the industry's competitiveness. Investment has plummeted in Alberta in the last couple of years since the province restructured royalties to boost government revenues. Premier Ed ...
Automodular: GM demanding it cut prices 50 per cent at Oshawa plant
March 09, 2010 - 4:42 pm
AJAX, Ont. - General Motors is reportedly demanding that sub-assembly contractor Automodular Corp. cut its prices in half at GM's Oshawa, Ont., car plant or risk losing its contract. Automodular (TSX:AM) said Tuesday it was "evaluating its options" after receiving written notice from ...
Amazon's potential Canadian move could be precedent setting for foreign owners
March 09, 2010 - 4:21 pm
TORONTO - A decision to allow Amazon.com Inc. to open a distribution centre in Canada would set a precedent for changes to Canadian foreign ownership rules, the Canadian Booksellers' Association says. "We believe there's a reason they're in place...and we don't believe that reason has ...
Harper government survives first budget vote in Parliament
March 09, 2010 - 3:54 pm
OTTAWA - Stephen Harper's minority Conservative government has survived its first confidence test of the new session of Parliament. The House of Commons voted 214-84 on Tuesday to reject a Bloc Quebecois amendment to the federal budget. That amendment would have forced the government ...
Couche-Tard earnings fall to $54.8 million from $71.1 million in latest quarter
March 09, 2010 - 3:41 pm
MONTREAL - Convenience store operator Alimentation Couche-Tard Inc. boosted its quarterly dividend in a show of confidence in its future prospects even though its profits fell in its third quarter. The Montreal-based company raised its quarterly dividend to four cents a share, up from 3.5 ...
Canadian firms come under fire for failing to government money and investing
March 09, 2010 - 3:38 pm
OTTAWA - The timid and cautious nature of Canadian business - not government policies or high taxes - is likely to blame for the country's woeful productivity record, analysts say. And critics add that the time has come for businesses to step up to the plate in creating the kind of ...
Wind Mobile a 'cautionary tale' for other new cellphone players to enter market
March 09, 2010 - 2:52 pm
MONTREAL - Wind Mobile launched its new Canadian wireless business before it was ready and hasn't been able to attract significant customers, a "cautionary tale" for other new cellphone players, a report says. Market research and technology firm SeaBoard Group said Wind Mobile's customers ...
Banks, commodity stocks lead TSX lower even as Scotiabank reports solid earnings
March 09, 2010 - 2:47 pm
TORONTO - Commodity and financial stocks pushed the Toronto stock market lower Tuesday as oil and gold prices fell and Scotiabank failed to encourage buyers even as its latest earnings beat expectations. The S&P/TSX composite index dropped 45.13 points to 11,918.71. The Canadian dollar ...
Crude slides back as stronger U.S. dollar and demand concerns reverse gains
March 09, 2010 - 2:32 pm
NEW YORK - Oil prices trimmed some early losses, but still ended lower Tuesday, after rising steadily since the end of last week. Benchmark crude for April delivery lost 38 cents to settle at US$81.49 per barrel on the New York Mercantile Exchange. Earlier, oil dropped as low as ...
World Color CEO defends Quad/Graphics deal as best way to thrive again
March 09, 2010 - 2:31 pm
MONTREAL - World Color Press' merger with Quad/Graphics is the Montreal-based printer's best opportunity to thrive again, the company's CEO said Tuesday. "One can't cut one's way to glory forever, which is one of the reasons why we concluded the combination transaction was in order here," ...
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