Business News

Tim Hortons to install restaurants and kiosks at U.S.-based Tops supermarkets

OAKVILLE, Ont. - Tim Hortons (TSX:THI) has made further inroads into the United States by signing a deal for 82 full-service restaurants and self-serve kiosks at Tops Friendly Markets grocery stores. ...

Stock markets give up earlier gains amid hopes for further central bank action

TORONTO - The Toronto stock market is bouncing back and forth between positive and negative territory this morning as oil and gold prices move higher and traders look for further help from central ban...

Stock markets open higher amid hopes for further central bank action

TORONTO - The Toronto stock market opened higher but then flattened Tuesday morning, after Monday's dizzying downdraft, as oil and gold prices moved higher and traders looked for further help from cen...

IMF calls for co-ordinated action to address crisis; global loss US$1.4 trillion

WASHINGTON - The International Monetary Fund on Tuesday called for a "collective commitment" by finance officials around the world to combat the ongoing credit crisis. In a semiannual report, the I...

Maritime groups say more icebreakers needed for service on Great Lakes

MILWAUKEE - Several maritime groups say shipping on the Great Lakes could be disrupted this winter because of a shortage of U.S. Coast Guard icebreakers. Lake Michigan covers almost 58,000 square k...

U.S. Federal Reserve to buy massive amounts of short-term debt

WASHINGTON - The U.S. Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debts in a dramatic effort to break through a credit clog that is imperilling the economy. ...

Potash One pressing ahead with Legacy project in Saskatchewan

VANCOUVER - Potash One Inc. (TSX:KCL) said Tuesday it remains committed to rapid development of its Legacy project in Saskatchewan. "Despite the current challenging financial market conditions, the...

Price of oil rebounds somewhat after falling to an eight-month low

VIENNA, Austria - Oil prices rebounded above US$91 a barrel Tuesday, a day after plunging to an eight-month low on concerns a significant slowdown in global economic growth will undermine demand for c...

General Motors could sell Detroit headquarters to raise cash

DETROIT - A General Motors official says the automaker could consider selling its downtown Detroit headquarters as part of a way to raise cash, but plans to stay in the towering complex. The Detroi...

Bank of Canada stands aside from co-ordinated US$ auctions by other central banks

OTTAWA - The Bank of Canada said Tuesday it is not taking part in a co-ordinated action by other central banks to expand their provision of U.S.-dollar liquidity. The bank said it "welcomes these i...