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Canada's unemployment rate has risen to an 11-year high and the trade deficit to a record, government figures showed Friday. But despite the gloomy results, evidence suggests global trade flows will recover by the end of the year and lift Canada over...
Gold swept to a record high above US$1,080 per ounce on Tuesday, defying dollar strength as the International Monetary Fund's 200 tonne sale of gold to India's central bank boosted sentiment toward the metal.
With the Canadian economy shrinking severely in the first quarter, although not, according to Statistics Canada data released Monday, as deeply as initially feared, analysts are now talking about the road to recovery that could begin as early as the...
Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a "big risk" of a double-dip recession, according to an opinion piece posted on the Financial Times' website on Sunday.
Sales at U.S. retailers fell in September, but rose excluding motor vehicles for a second straight month in September, raising cautious optimism consumer spending could support the economic recovery.
Magna International Inc. reported a third quarter profit of US$51-million or 45¢ a share, will refocus on its main auto supply business and is not weighing a purchase of any other vehicle manufacturer following its failure this week to buy General...
Chrysler Group LLC is planning to build a completely revamped version of its once-popular 300 full-sized sedan at its Brampton, Ont. factory next year. But if the company’s new chief executive had his way, the replacement likely never would have seen...
If investors were hoping for a few rays of sunshine from the life insurance sector yesterday, they were disappointed as Sun Life Financial Inc. and Manulife Financial Corp. both reported worse-than-expected third quarter results
The investment arm of the Canada Pension Plan has emerged as one of the most aggressive buyout firms in North America: Announces a US$5.2-billion takeover of IMS Health, separate unsolicited bid for Australia’s biggest toll-road operator
