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Progress Energy gets $5.5B takeover offer
Calgary-based Progress Energy Resources Corp. has received a friendly $ 5.5 billion takeover offer from a Malaysian oil and gas company that it’s already working with to export Canadian natural…
Securities regulators’ fines called ‘a farce’
Nearly two-thirds of penalties levied by provincial securities regulators across Canada in the past five years have not been paid, a CBC News investigation has found. CBC | Business News…
Home prices rise in most U.S. cities
Average home prices in the U.S. rose more than expected in April — yet another sign that the beleaguered U.S. housing market has turned a corner and is rebounding. CBC…
Spain asks eurozone for bank bailout help
Spain has made a formal request for a loan to help clean up its troubled banking sector, Economy Minister Luis de Guindos said Monday, but the country has yet to…
Greece coalition to soften austerity measures
Greece’s new coalition government said Saturday it will seek to repeal some taxes, halt layoffs and extend by two years the deadlines for tough austerity measures imposed under its international…
2 former SNC-Lavalin employees charged with corruption
Two former SNC-Lavalin employees are scheduled to appear in a Toronto court Monday to face charges under the Corruption of Foreign Public Officials Act in relation to a bridge project…
Inflation cools in May as gasoline prices fall
Consumer prices increased by 1.2 per cent in the 12 months ended in May, down from a two per cent pace the previous month and slightly less than what economists…
Mortgage rules to be tightened further by Ottawa
The federal Finance Department is moving to further tighten mortgage rules to address concerns over household debt, including a reduction in the maximum amortization period from 30 to 25 years…
World leaders weigh stimulus versus austerity at G20
With major European economies on the brink of collapse, leaders concluding an annual Group of 20 meeting sought to reassure the world that they would find a way to put…
Europe to Canada: Don’t lecture us
Prime Minister Stephen Harper has taken his tough talk about the European economic crisis to the G20 summit in Mexico, but his position earned him some criticism today from the…