Money

N.B. eyes Quebec's industrial power rates

Thursday, April 1st, 2010 | 9:48 am

The New Brunswick government is still committed to offering Quebec-level power rates for big industry, Premier Shawn Graham said on Thursday.

The province's largest industrial clients would have been given a 23 per cent rate cut under the failed deal to…

U.S. jobless claims hit 19-month low

Thursday, April 1st, 2010 | 9:31 am

The number of Americans filing for jobless benefits reached its lowest level since August 2008, according to data released Thursday.

The U.S. Labour Department said 439,000 American workers filed for unemployment insurance for the first time in the week ended March…

RBC offers telephone banking in Cree, Inuktitut

Thursday, April 1st, 2010 | 9:31 am

RBC is introducing Cree and Inuktitut — two of the most commonly spoken indigenous languages in the country — to its multi-language telephone service, the bank said Wednesday.

RBC says it is the first Canadian financial institution to offer telephone services…

Bombardier's profit falls in Q4

Thursday, April 1st, 2010 | 8:38 am

Bombardier Inc. posted a lower fourth-quarter profit, missing analysts' expectations, according to the company's financial results released Thursday.

But the Montreal-based transportation company said its numbers were still decent given the tough environment for trains and planes worldwide.

“Against a challenging economic…

Markets up on manufacturing data

Thursday, April 1st, 2010 | 8:34 am

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

By mid-morning, the S&P/TSX composite was up 73.8 points to 12,111.5 while the TSX Venture Exchange gained 12.62 points to 1,589.16.

A private trade group said…

Toyota's Canadian March sales up 24%

Thursday, April 1st, 2010 | 8:33 am

Toyota Canada continued to shrug off the effects of a massive global recall for the second month in a row in March, reporting a sales increase of 24 per cent.

Despite recalling 270,000 vehicles in Canada over problems with accelerator pedals,…

Canadians fear economic downturn: survey

Thursday, April 1st, 2010 | 8:16 am

A growing number of Canadians believe the country's economy will slump soon despite evidence of a stronger recovery, according to an RBC poll released Thursday.

One in five adults surveyed in March said Canada's economy will worsen within the next 12…

Beef producers slam Ottawa over BSE cases

Wednesday, March 31st, 2010 | 7:46 pm

Lawyers, seeking compensation for thousands of beef producers across the country, blasted the federal government's failure to keep BSE out of Canada at a meeting in central Alberta.

About 150 Alberta beef producers gathered in Red Deer Wednesday to get an…

Aquablue assets frozen

Wednesday, March 31st, 2010 | 6:31 pm

The bottled-water company slated to take over the former Hershey chocolate factory in Smiths Falls, Ont., has had its assets frozen.

Aquablue International and its chief executive Manuel Da Silva are currently prohibited from touching their accounts and assets or trying…

RIM earnings, sales disappoint

Wednesday, March 31st, 2010 | 4:01 pm

Shares in Research In Motion Ltd., based in Waterloo, Ont., sank in after-hours trading Wednesday after both earnings and revenues disappointed analysts.

The maker of the BlackBerry, which keeps its books in U.S. dollars, reported a sharp increase in quarterly profit…