Money

Agoracom denies OSC fraud allegations

Friday, April 2nd, 2010 | 10:32 am

Agoracom — a popular online investor relations firm — says it will “vigorously defend” itself against allegations that its employees tried to drive up share prices in small firms it represents by generating thousands of fake postings in the company's…

U.S. adds 162,000 jobs in March

Friday, April 2nd, 2010 | 7:46 am

The U.S. economy generated 162,000 new jobs in March — the biggest monthly increase since the recession began in 2007, the U.S. Labour Department said Friday.

It was also the largest monthly job gain since March 2007.

Despite the increase in payrolls,…

Dollar within a penny of parity

Thursday, April 1st, 2010 | 2:31 pm

The Canadian dollar drew within a penny of parity with the U.S. dollar Thursday as strong manufacturing data boosted hopes for a global economic recovery.

Late in the day, the loonie was trading at 99.16 cents US, up 0.72 of a…

Stronach takes 82% pay cut

Thursday, April 1st, 2010 | 2:31 pm

Magna International chairman Frank Stronach took an 82 per cent pay cut last year.

Stronach earned $1.9 million, compared with $10.8 million in 2008.

The information is contained in the auto parts maker's management information circular, which was released Wednesday.

Stronach usually gets…

Microsoft's i4i patent appeal denied

Thursday, April 1st, 2010 | 2:31 pm

A U.S. court has rejected Microsoft's request that a full panel of judges hear its appeal in a patent dispute with Toronto's i4i.

Microsoft made the request in January after a judge ruled that its Microsoft Word software infringed on a…

Cancelling of home retrofit program draws fire

Thursday, April 1st, 2010 | 2:31 pm

The government's decision to suspend a federal program that offered homeowners financial incentives to make their houses more energy efficient has drawn fire from the opposition and consumers.

“In a desperate attempt to free up money that would allow them to…

Crystallex shares rise despite cash woes

Thursday, April 1st, 2010 | 2:31 pm

Shares of Crystallex International Corp. jumped nearly 19 per cent in high-volume trading Thursday, even after the company raised questions about its ability to continue to operate.

The Toronto-based miner rose six cents to 38 cents, with 1.4 million shares…

Drought fears weigh on prairie farms

Thursday, April 1st, 2010 | 1:16 pm

In the flat, sparsely populated prairie where Charles Schmidt farms near Oyen, Alta. — 300 kilometres east of Calgary — everyone, he says, is in “drought mode.”

“Everybody is looking at all their expenses and trying to defer … any money…

Geithner admits job losses 'deeply unfair'

Thursday, April 1st, 2010 | 12:01 pm

U.S. Treasury Secretary Timothy Geithner said Thursday it's “deeply unfair” that Wall Street banks bailed out by taxpayers are in better shape from the recession than millions of ordinary Americans.

Geithner's comments came in the face of public outrage by Americans…

Markets rise on manufacturing data

Thursday, April 1st, 2010 | 10:46 am

The Toronto stock market made solid gains Thursday despite earnings disappointments from two major Canadian corporations.

By midday, the S&P/TSX composite was up 82.4 points to 12,120.1, while the TSX Venture Exchange gained 15.08 points to 1,591.63.

A private trade group said…