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Two groups representing former Nortel Networks employees say their members will have their health, pension and long-term disability benefits extended thanks to an agreement with the bankrupt company approved by Ontario Superior Court Wednesday.

A new $57-million agreement, reached on Monday,…

Labatt Breweries announced on Tuesday plans to close its Lakeport Brewery facilities in Hamilton, Ont., and lay off 143 workers.

It will shift all production of Lakeport beer to its southwestern Ontario operations in London effective April 30.

Labatt said it's a…

Quebec City Mayor Regis Labeaume has cancelled a $300,000 contract with controversial French marketing consultant Clotaire Rapaille.

Labeaume said Monday the termination of the contract is due to reports published last weekend that New York-based Rapaille misrepresented himself in his resumé.

During…

Canadian business needs to do a better job of boosting productivity if it's to win market share in a rapidly evolving global economy, the Bank of Canada reiterated Monday.

Senior deputy governor Paul Jenkins told a Toronto business audience that emerging…

Honda Canada Inc. announced plans Tuesday to add a second production shift to its Plant 2 facility in Alliston, Ont. — a move that would create 400 jobs in 2011.

The second shift, to be added early next year, will allow…

Montreal-based Bombardier Aerospace has taken a step closer to signing a deal with one of China's top aircraft leasing finance companies, the firm announced Tuesday.

Bombardier has signed a memorandum of understanding — essentially an agreement to do a deal in…

Montreal-based cheese maker Saputo Inc. announced plans Tuesday to close its milk and cream products plant in Brampton, Ont., by the end of October.

Saputo says about 190 employees will be affected but almost two-thirds of them — 120 people —…



Quebec's budget will be austere with limited spending to tackle the province's $5-billion deficit, warned finance minister Raymond Bachand.

He will roll out his fiscal plan for the province on Tuesday at the national assembly in Quebec City.

Bachand set a…

Montreal-based Bombardier Aerospace has taken a step closer to signing a deal with one of China's top aircraft leasing finance companies, the firm announced Tuesday.

Bombardier has signed a memorandum of understanding — essentially an agreement to do a deal in…

A federal government program designed to stimulate the Canadian economy appears to have been a boon for home improvement retailers in the United States.

The $3 billion home renovation tax credit (HRTC) was introduced last year to help spur the economy…