Business News

Workers strike at St. Marys Cement in Bowmanville, Ont., over pension demands

BOWMANVILLE, Ont. - Dozens of workers set up picket lines outside the St. Marys Cement plant in this eastern Ontario town on Sunday over proposed changes to their pension plan. The walkout follows ...

Canadian inflation data could nudge dollar close to parity this week

TORONTO - The latest inflation data could move the Canadian dollar even closer to parity with the U.S. dollar this week after a strong employment report Friday sent the loonie surging. The currency...

Canada's Dempster helps Cubs slip past rival White Sox for 8-7 win

LAS VEGAS - Canadian Ryan Dempster and the Chicago Cubs handled a stiff breeze to slip past their rivals from the Windy City. Dempster of Gibsons, B.C., who is expected to grab a spot as one of the...

AbitibiBowater and Quebec Federation of Labour reach tentative deal

MONTREAL - An tentative deal has been reached between insolvent newspaper giant AbitibiBowater Inc. and the Quebec Federation of Labour. Details of the agreement, which were hammered out over nine ...

HST may not be right for every province but makes sense for Ontario: McGuinty

WINNIPEG - Moving to a harmonized sales tax may not be right for every province, but Premier Dalton McGuinty says it still makes sense for Ontario. Speaking after a Liberal fundraiser in Winnipeg F...

Orange County, California, sues Toyota over vehicle defects on behalf of consumers

SANTA ANA, Calif. - Prosecutors in Orange County, California have filed a lawsuit against Toyota Motor Corp., accusing the automaker of knowingly selling hundreds of thousands of vehicles with acceler...

Vale in increase nickel production at strike-bound operations after vote

SUDBURY, Ont. - Vale said Friday it plans to increase nickel production at its strike-bound operations in Sudbury, Ont., after workers voted to reject the company's latest contract offer. More than...

Lehman Brothers' accounting gimmick helped firm hide debt, examiner says

WASHINGTON - An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has f...

Growing transportation demand suggests global freight recession over: analysts

MONTREAL - Growing demand for cargo transportation suggests the global freight recession may have ended, but industry observers remain concerned that a rising Canadian dollar may bring the progress to...

Analyst expects pause in big fertilizer M&A after Agrium walks away from CF

CALGARY - Now that a prolonged saga that entangled three major North American fertilizer producers appears to have finally been resolved, an analyst expects the sector to take a breather from big take...