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11.05.2008
BEIJING - China has established a homegrown company to make passenger jumbo jets, state media reported Sunday - a step forward in the country's quest to become less dependent on Boeing and Airbus.
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11.05.2008
TORONTO - The Toronto stock market is poised to break through its old closing high set last July during the week as commodity stocks, particularly oil, run ahead.
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11.05.2008
CALGARY - Oil and gas producer EnCana Corp. (TSX:ECA) is splitting into two energy companies: one a natural gas company and the other a fully integrated oil company.
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10.05.2008
NEW YORK - A spokeswoman for Rupert Murdoch's News Corp. says the media conglomerate has withdrawn its bid to purchase Newsday.
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09.05.2008
CALGARY - Canadian Pacific Railway Ltd. (TSX:CP) is taking steps to make sure grain and other high-demand commodities flow more smoothly across the continent, the company's chief executive said Friday.
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09.05.2008
MONTREAL - Soaring fuel prices that have battered airline valuations will likely delay the sale of ACE Aviation Holdings majority stake in Air Canada (TSX:AC.A), says Robert Milton, the chairman and chief executive of the holding company (TSX:ACE.B).
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09.05.2008
MONTREAL - The cost of air travel for many Canadians surged Friday after Air Canada (TSX:AC.A) quietly imposed domestic fuel charges for the first time in four years that could, for example, add an extra $120 for a round-trip ticket across the country.
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09.05.2008
OTTAWA - The Canadian economic engine is showing signs of sputtering in the face of stiffening headwinds from the U.S. slump and ongoing tight credit conditions.
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09.05.2008
MONTREAL - Gaz Metro Limited Partnership (TSX:GZM.UN), Quebec's largest natural gas distributor, reported higher net profits in the latest quarter as the company generated higher revenues and one-time gains.
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09.05.2008
OTTAWA - Canada's merchandise trade surplus with the world expanded for the third straight month in March as exports grew and imports declined.
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