Business News

Most actively traded companies on the TSX, TSX Venture Exchange markets

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (11,713.43 down 15.21 points): Osisko Mining Corp. (T...

Domtar coming off best quarter poised to grow business despite pricing pressures

MONTREAL - Domtar said it is coming off its best ever operating quarter poised to take advantage of opportunities to grow its business despite anticipated pressure on paper shipments and pulp selling ...

Brookfield Properties refocuses on office portfolio, picks up assets down under

TORONTO - Brookfield Properties Corp. plans to sell its residential real estate assets and focus on buying up office towers around the world, beginning in Australia where it will buy a portfolio of pr...

TSX ends in negative territory on economic data, despite fight for gains

TORONTO - The Toronto stock market fought a losing battle to emerge from the red on Friday as investors weighed underwhelming readings for both Canadian and U.S. economies. The S&P/TSX composite in...

Ontario will run airport link instead of private company after deal collapses

TORONTO - A provincial agency will now build a rail link between Toronto's Union Station and the city's international airport after a long-standing deal with a private company collapsed. Metrolinx,...

Brookfield Properties to focus on office portfolio, picks up assets down under

TORONTO - Brookfield Properties is divesting its North American residential assets to focus on office towers around the world, including in Australia where it will acquire a real-estate portfolio from...

Crews find sediment in Gulf relief well, delaying effort to stop gusher for good

NEW ORLEANS - The government's point man for the Gulf oil spill says there's been a delay in a procedure that will help stop the gusher for good. Coast Guard Adm. Thad Allen said Friday that debris...

Stock markets struggle for gains in volatile trading on GDP numbers

TORONTO - The Toronto stock market continued to struggle below the breakeven point Friday afternoon as North American markets endured volatile trading on the heels of underwhelming readings for both C...

US recovery slows in second quarter to weakest pace in nearly a year

WASHINGTON - The American economic recovery lost momentum in the spring as growth slowed to a 2.4 per cent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment. ...

Angiotech Pharmaceuticals second-quarter loss widens to US$14.1 million

VANCOUVER - Angiotech Pharmaceuticals Inc. (TSX:ANP) reported Friday a second-quarter loss of US$14.1 million, deeper than its year-ago loss of $11.9 million as royalties from its Taxus coronary stent...