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CA-BUSINESS Summary

Fri, 24 May 2013 11:20:56 -0400

TSX turns higher as National Bank, other financials gain TORONTO (Reuters) - Canada's main stock index turned positive in early Friday trade as fears that the U.S. Federal Reserve will roll back its stimulus program were offset by a rise in National Bank of Canada and other financial stocks. The Toronto Stock Exchange's S&P/TSX composite index was up 2.70 points, or 0.02 percent, at 12,660.79 in mid-morning trade. ...

Chinese premier to seal free trade deal with Switzerland, 1st with major western economy

Fri, 24 May 2013 09:58:01 -0400

GENEVA - Chinese Premier Li Keqiang is in Switzerland to sign a free trade pact with the Alpine nation — the first comprehensive agreement the country has reached with a major western economy.

U.S. casts doubt on credibility of Iranian election

Fri, 24 May 2013 09:53:20 -0400

By Arshad Mohammed TEL AVIV (Reuters) - The United States on Friday called into question the credibility of Iran's presidential election next month, criticizing the disqualification of candidates and accusing Tehran of disrupting Internet access. On a visit to Israel, Secretary of State John Kerry also warned that time was running out to resolve the deadlock over Iran's contested nuclear program. ...

Crude oil falls below $94 a barrel with economic data pointing toward lukewarm demand

Fri, 24 May 2013 09:36:12 -0400

The price of oil was knocked below US$94 a barrel Friday by a combination of ample supplies and lukewarm demand.

Joe Oliver challenges Trudeau's west-east pipeline 'tone'

Fri, 24 May 2013 09:08:46 -0400

Federal Natural Resources Minister Joe Oliver is accusing Liberal Leader Justin Trudeau of trying to be on both sides of the west-east pipeline proposal.

Kerry says Iranian election manoeuvring stands in the way of real democracy

Fri, 24 May 2013 08:47:58 -0400

TEL AVIV, Israel - U.S. Secretary of State John Kerry harshly criticized Iranian authorities on Friday for eliminating hundreds of presidential candidates, suggesting that Tehran is standing in the way of legitimate, representative democracy.

Nunavut government spends millions on overtime

Fri, 24 May 2013 08:42:13 -0400

Numbers released in March of last year showed the Nunavut government paid out more than $16 million on overtime in 10 months.

Maritime Link rejection urged by consumer advocate

Fri, 24 May 2013 06:51:54 -0400

Nova Scotia's consumer advocate is asking the Utility and Review Board to reject the Maritime Link deal as currently proposed by Nova Scotia Power's parent company, Emera Inc.

US official praises India for supporting sanctions against Iran by reducing oil imports

Fri, 24 May 2013 06:42:02 -0400

NEW DELHI - A senior American official on Friday praised India for reducing oil imports from Iran and said the U.S. government will decide soon on New Delhi's request to renew a waiver from sanctions on Tehran.

Calif. bill would require product makers to help reduce plastic trash polluting the ocean

Fri, 24 May 2013 06:00:42 -0400

SAN FRANCISCO - It's a common sight on the nation's beaches: among the sand, sea foam and gnarled kelp lay plastic bottles, bags and other garbage.

Oil falls below $94 on weak economic outlook, lukewarm demand

Fri, 24 May 2013 01:57:36 -0400

BANGKOK - The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand.

Knights thump Blades 6-1 in Memorial Cup tiebreaker game to advance to semifinal

Fri, 24 May 2013 01:06:22 -0400

SASKATOON - With disappointment etched on his face, Saskatoon Blades overage forward Josh Nicholls was unable to contain his emotions Thursday after the host team crashed out of the MasterCard Memorial Cup.

Extremists claim responsibility for twin suicide attacks in Niger; 26 dead, soldiers hostage

Thu, 23 May 2013 22:18:18 -0400

NIAMEY, Niger - Suicide bombers in Niger detonated two car bombs simultaneously, one inside a military camp in the city of Agadez and another in the remote town of Arlit at a French-operated uranium mine, killing 26 people and injuring 30, according to officials in Niger and France. A surviving attacker took a group of soldiers hostage, and authorities were attempting to negotiate their release.

Country stars Blake Shelton, Carrie Underwood coming to aid of fellow Oklahomans

Thu, 23 May 2013 21:36:49 -0400

Blake Shelton has a date and location for his benefit and fellow Oklahoman Carrie Underwood is writing a large check to help benefit those affected by this week's storms in their home state.

German brewers worry fracking will compromise beer quality

Thu, 23 May 2013 20:48:27 -0400

German brewers are worried that fracking, the process of extracting natural gas from underground shale deposits, will jeopardize the quality of their beer by contaminating the water supply and have asked their government to hold off on passing the fracking regulations it has been drafting for months.

Too soon to decide whether to join Pacific Alliance: Stephen Harper

Thu, 23 May 2013 19:21:54 -0400

CALI, Colombia - Prime Minister Stephen Harper says it is too soon to decide whether Canada should join the Pacific Alliance trade bloc in its mission to deepen economic integration.

EU oil pricing probe spurs lawsuit against BP, others

Thu, 23 May 2013 19:00:25 -0400

By Bernard Vaughan and Tom Polansek NEW YORK/CHICAGO (Reuters) - A Chicago-based commodities trading firm has filed suit against three of the world's largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week. ...

Keystone makes TransCanada more cautious about future U.S. forays: executive

Thu, 23 May 2013 18:56:11 -0400

CALGARY - A senior TransCanada Corp. executive says the resistance to the approval of the proposed Keystone XL oilsands pipeline has made the company more cautious about future cross-border endeavours.

Marathon Oil: talks tied to sale of part of stake in Athabasca Oil Project have ended

Thu, 23 May 2013 18:08:52 -0400

HOUSTON - Marathon Oil said Thursday that talks on a potential sale of part of its stake in the Athabasca Oil Sands Project in Canada have ended.

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

Thu, 23 May 2013 18:06:56 -0400

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: