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Dubai debt woes jolt world financial markets

Thu Nov 26, 10:34 PM

Financial markets were rocked Thursday after Dubai announced a reorganization of its debt-laden economic development agency. When the dust settled, the S&P/TSX was down 200 points.

  • The Saskatchewan government has signed agreements allowing several private companies, communities and First Nations groups to log two million cubic metres of wood on Crown land in the province's north.
    Sask. signs logging deal with 10 groups Thu Nov 26, 7:13 PM

    The Saskatchewan government has signed agreements allowing several private companies, communities and First Nations groups to log two million cubic metres of wood on Crown land in the province's north.

  • Court dismisses Nortel employee pension bid Thu Nov 26, 5:59 PM

    An Ontario court has dismissed an appeal by the union representing former Nortel Networks Corp. employees seeking retirement and severance payments.

  • Finning-Shell deal sign of growing oilsands investment Thu Nov 26, 5:47 PM

    Vancouver-based Finning International Inc. is selling 16 Caterpillar mining trucks and tractors to Shell Canada Energy of Calgary in another sign of renewed investment in Alberta's oilsands.

  • Bombardier cuts 715 aerospace jobs Thu Nov 26, 5:36 PM

    Bombardier Aerospace is laying off 715 workers in its Montreal-area facilities because of slow orders for regional jets.

  • People who want to work at the Diavik diamond mine will have to live in the Northwest Territories from now on, as part of the mine's push towards a northern workforce.
    Diavik mine moves towards northern workforce Thu Nov 26, 5:20 PM

    People who want to work at the Diavik diamond mine will have to live in the Northwest Territories from now on, as part of the mine's push towards a northern workforce.

  • Alberta credits a reviving economy and higher oil revenues with reducing its anticipated deficit to $4.3 billion.
    Higher oil revenues ease Alberta deficit Thu Nov 26, 4:24 PM

    Alberta credits a reviving economy and higher oil revenues with reducing its anticipated deficit to $4.3 billion.

  • Black Friday bargains attract Canadian shoppers Thu Nov 26, 3:52 PM

    Canadians are flocking to U.S. malls located near the border ahead of the legendary American shopping day known as Black Friday, but they may have to root a little deeper this year to find real bargains.

  • Canadian companies add jobs in Sept.: Stats Canada Thu Nov 26, 3:32 PM

    More than half of all Canadian industries added new jobs in September, according to the latest survey from Statistics Canada.

  • China needs deal to boost economy: EU group Thu Nov 26, 12:46 PM

    China should cut a deal with the United States and the European Union in order to solve its domestic overcapacity problem, according to a new report released Thursday.

  • Rogers cuts 900 jobs Thu Nov 26, 12:19 PM

    Rogers Communications says it is laying off 900 people across Canada, mostly in executive and management positions.

  • Gold miners oppose rules on overseas operations Thu Nov 26, 11:40 AM

    Three big Canadian gold mining companies have banded together to oppose a private member's bill that would regulate their activities in developing countries.

  • Optimism for economic recovery grows among CAs Thu Nov 26, 9:37 AM

    Almost half of executive-level chartered accountants in Canada believe the national economy will grow in the next 12 months, according to a new survey.

  • Ont. should compel companies to pay severance: CAW Thu Nov 26, 8:53 AM

    Union representatives from Windsor intend to press provincial labour officials to draft legislation that would require companies to pay workers severance when a factory closes.

  • The wife of accused fraudster Earl Jones says she never had reason to question the hundreds of thousands of dollars at her disposal in the couple's joint bank account.
    Jones's wife never asked where money came from Thu Nov 26, 8:48 AM

    The wife of accused fraudster Earl Jones says she never had reason to question the hundreds of thousands of dollars at her disposal in the couple's joint bank account.

  • Shareholders approve EnCana split Wed Nov 25, 7:51 PM

    Shareholders voted to approve the split of Calgary-based EnCana into two new companies.

  • Russia to add loonie to reserves: report Wed Nov 25, 4:59 PM

    The Canadian dollar rallied by more than a cent against the U.S. currency Wednesday.

  • Federal mediators have called a meeting between Canadian National Railway and the union for its 1,700 locomotive engineers in a move to avert a strike that could come as early as Nov. 28.
    Mediators move to head off CN Rail strike Wed Nov 25, 4:54 PM

    Federal mediators have called a meeting between Canadian National Railway and the union for its 1,700 locomotive engineers in a move to avert a strike that could come as early as Nov. 28.

  • U.S. recovery underway: Fed Wed Nov 25, 3:33 PM

    The Federal Reserve believes the American recovery is underway, but flagging consumer sentiment could hurt Christmas sales, according to data released Wednesday.

  • Canadian companies are snapping up their share of worldwide infrastructure projects because of their ability to deal with harsh climates and huge distances, the Export Development Corporation said Wednesday.
    Canadian firms grabbing global building projects: EDC Wed Nov 25, 2:39 PM

    Canadian companies are snapping up their share of worldwide infrastructure projects because of their ability to deal with harsh climates and huge distances, the Export Development Corporation said Wednesday.

  • Ericsson, Kapsch win Nortel GSM auction Wed Nov 25, 12:30 PM

    LM Ericsson and another European company on Wednesday won the auction for Nortel Networks' GSM wireless technology business.

  • Anti-uranium lobby group created in Nunavut Wed Nov 25, 10:53 AM

    Nunavummiut concerned about the impact of uranium mining on the environment and human health are forming a new organization that will launch later this week.

  • Mental illness costs Canada $33B annually: TD Wed Nov 25, 9:10 AM

    Mental illness drags down the Canadian economy by more than two per cent annually, TD Bank's chief economist says.

  • Housing affordability takes a hit: report Wed Nov 25, 8:48 AM

    Homeownership in Canada became more expensive in the most recent quarter after easing for 18 months, according to a report by RBC Economics Research.

  • U.S. economic numbers provide mixed signals Wed Nov 25, 8:44 AM

    New U.S economic data shows a slowly improving job market but weak sales of big-ticket items.

  • The Canadian Auto Workers says a new severance pay offer it has received from the owner of two Windsor auto-parts plants that closed last March is too low.
    CAW says Catalina offer too low Wed Nov 25, 7:54 AM

    The Canadian Auto Workers says a new severance pay offer it has received from the owner of two Windsor auto-parts plants that closed last March is too low.

  • A new plan for property taxes on P.E.I. will cost homebuyers a lot of money, say real estate agents.
    Tax changes mean big hit for P.E.I. homebuyers Wed Nov 25, 6:39 AM

    A new plan for property taxes on P.E.I. will cost homebuyers a lot of money, say real estate agents.

  • Ottawa says it plans to invest $63 million in a large-scale carbon capture and storage project in Alberta.
    Alberta to spend $495M on carbon capture pipeline Tue Nov 24, 7:28 PM

    Ottawa says it plans to invest $63 million in a large-scale carbon capture and storage project in Alberta.

  • The U.S. economic recovery will be gradual, with high unemployment persisting over the next several years, according to projections released Tuesday by the Federal Reserve.
    Federal Reserve predicts slow recovery Tue Nov 24, 6:03 PM

    The U.S. economic recovery will be gradual, with high unemployment persisting over the next several years, according to projections released Tuesday by the Federal Reserve.