- HSBC takes $3.4B US hit from U.S. mortgages
- The list of global financial players taking big charges stemming from the U.S. mortgage sector continued to grow Wednesday as British bank HSBC Holdings Plc said it will take a $3.4 bilion US hit. more »
- Bank of Canada says no special help forthcoming for Ontario industries
- There will be no special assistance for Ontario manufacturers struggling to cope with the high Canadian dollar, the senior deputy governor at the Bank of Canada says. more »
- Investors barely react to Clearwater review
- Clearwaters Seafoods Income Fund reported that its distributions this year far exceeded the cash it generated and announced it's starting a strategic review. more »
- Lululemon stock drops after seaweed clothing claims disputed
- Shares of yoga-inspired apparel maker Lululemon Athletica Inc. fell by seven per cent in early trading Wednesday after a newspaper report disputing company claims about the benefits from clothing it says contains seaweed. more »
- U.S. retail sales stagnant in October
- Fallout from the weak housing market and warmer-than-usual weather produced a sluggish business increase at U.S. cash registers in October. more »
- Grape-generated power slated for Ontario region
- Grape byproducts from a local winery will soon power homes in Ontario's Niagara region, Inniskillin Wines and StormFisher Biogas announced Wednesday. more »
- HST chatter not so harmonious, N.L. minister says
- The Newfoundland and Labrador government is warning that reducing the harmonized sales tax may depend on another province's tax decisions. more »
- Sirius, XM shareholders approve U.S. satellite radio merger
- The shareholders of Sirius Satellite Radio and XM Satellite Radio voted Tuesday by an overwhelming margin to approve Sirius' proposed acquisition of its rival. more »
- Canadian M&A activity a 'strong' $91B in Q3
- Despite the onset of the worldwide credit crunch, Canadian companies were involved in $91 billion worth of M&A deals in the third quarter, according to Crosbie & Company, a Toronto-based investment bank. more »
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Business News From CP
- Commodities boost TSX, NY falters following Tuesday surge
- Dollar's rise bad news for Canadian economy BoC deputy governor says
- Canadians wise to cash in on high loonie now, observers say
- Non-bank ABCP remains seized up despite new market; writedowns continue
- Hibernia ushered in dawn of economic independence for N.L. 10 years ago
- UAW workers ratify 4-year contract with Ford after pacts with GM and Chrysler
- Glencairn Gold to reopen Libertad mine in Nicaragua under new company name
- Clearwater Seafoods likely to be bought back by private holding firm
- Potash Corp. plans US$1.8B mine and mill expansion at Rocanville, Sask.
- Adria Airways orders three Bombardier regional jets: US$122.7M list price