Business News Headlines - CBC.ca

Air Canada's CEO says he's seeing the first signs of economic recovery, but he doesn't expect a return to full revenues at the Montreal-based airline for at least a year.

Former U.S. Federal Reserve chairman Alan Greenspan told CBC News Friday he makes regular visits to the Obama White House, but he denied he still influences policy-making.

A new study suggests 12 of the companies in Canada's TSX 60 index have corporate governance issues that make them a serious risk to investors. Another 10 are a moderate risk.

Gold futures jumped to yet another new record Friday, soaring over $1,100 US an ounce.

Quebecor's Videotron telecom arm might be the ideal candidate to help solve Globalive Communications' foreign ownership problems, an analyst at Royal Bank suggests.

Calgary-based Suncor Energy Inc. said Friday it plans to sell up to $4 billion in assets next year.

B.C. Supreme Court Justice Bruce Cohen will head the federal inquiry into the decline of the Fraser River sockeye salmon stocks.

Telus Corp. has lowered its estimate of how much profit it will make this year.

Canada's unemployment rate rose slightly in October, with the economy shedding 43,200 jobs in the month.

The U.S. unemployment rate rose to 10.2 per cent in October from 9.8 per cent, as non-farm payroll employment declined by 190,000.

Finance ministers from the G20 countries were grappling with the problem of how to allow big banks to big fail as they gathered in St. Andrews, Scotland, on Friday.

A modern-day gold rush in northern Manitoba is bringing renewed hope to a town that was in decline just a year ago.

Magna International said Thursday it has no further plans for takeovers now that the deal to acquire Opel is off.

The number of people charged with insider trading on Wall Street reached 20 Thursday.

Quebec's securities regulator has launched an awareness campaign to help investors protect their nest eggs following a series of high-profile cases of fraud in the province.

Less than a year and half after taking the job, the head of Metro Vancouver's regional transit authority is stepping down for a new post running North America's largest subway and bus system.

Prairie flax farmers are worried they will be forced to undergo costly testing to regain their soured reputation with Europe.

Two big Canadian insurance companies reported losses Thursday.

The Canada Pension Plan Investment Board moved for an Australian toll operator and a U.S.-based health firm in two deals valued at more than $11 billion US Thursday.

The number of people filing initial claims for state unemployment benefits dropped by 20,000 to a seasonally adjusted 512,000, the U.S. Labour Department said Thursday.

The value of building permits increased 1.6 per cent to $5.1 billion in September, Statistics Canada said Thursday.

Research In Motion Ltd. will pay $1.2 billion to buy back 21 million of its common shares, the wireless device company says.

Calgary-based fertilizer producer Agrium reported a 92 per cent drop in third-quarter earnings Wednesday, as farmers conserved cash through the recession.

Cisco Systems Inc., the world's biggest maker of computer networking equipment, reported better-than-expected quarterly earnings Wednesday of 36 cents a share on revenue of $9 billion.

Bob Elton is stepping down after six years as president and CEO of Crown-owned BC Hydro, sparking rumours he may have been pushed out by the Campbell government.

Microsoft Corp. says it is cutting 800 more jobs in addition to the 5,000 layoffs it announced in January.

The U.S. Federal Reserve Wednesday decided to keep its benchmark interest rate at a record low.

The Conference Board of Canada reports rising business confidence, but a poll of small businesses found a recent dip