National Business

Business tax cuts still on: Flaherty

Monday, November 22nd, 2010 | 2:02 pm

Ottawa will continue to cut business taxes to spur job creation, Finance Minister Jim Flaherty said Monday, but he repeated the federal government plans no major new spending programs in the coming budget.

In a speech in Oakville, Ont., Flaherty said…

Shoppers Drug Mart sued by 2 store owners

Monday, November 22nd, 2010 | 2:01 pm

Toronto-based Shoppers Drug Mart Corp. said Monday it's being sued for $1 billion by two of its licensed associate-owners.

The suit claims breach of contract by the pharmacy company.

Shoppers provided few details except to say the plaintiffs, who are seeking class-action…

Irish PM stays on amid bailout

Monday, November 22nd, 2010 | 11:51 am

After weeks of denying it needed a bailout, Ireland became the second European country to ask for a multibillion euro emergency loan to help stabilize its debt-ridden banks Monday while the U.K. pledged support for the bailout, saying a stable…

Scotiabank buys rest of DundeeWealth for $2.3B

Monday, November 22nd, 2010 | 10:16 am

Scotiabank said Monday it is paying $2.3 billion to buy up the shares it doesn't already own in investment firm DundeeWealth.

The deal valued DundeeWealth at $3.2 billion and added a major wealth-management business to the bank's financial services operations.

DundeeWealth is…

Markets slip on Ireland's bailout

Monday, November 22nd, 2010 | 10:16 am

North American stock prices traded lower Monday amid concerns that Ireland's application for financial assistance from its neighbours may not be the last bailout needed in Europe.

The Toronto benchmark, the S&P/TSX composite index, was down 63 points, or 0.5 per…

Irish banks agree to bailout

Monday, November 22nd, 2010 | 9:01 am

After weeks of denying it needed a bailout, Ireland became the second European country to ask for a multibillion euro emergency loan to help stabilize its debt-ridden banks while the United Kingdom pledged support for the bailout saying a stable…

Irish banks to face reforms amid bailout

Monday, November 22nd, 2010 | 6:31 am

After weeks of denying it needed a bailout, Ireland became the second European country to ask for a multibillion euro emergency loan to help stabilize its debt-ridden banks while the United Kingdom pledged support for the bailout saying a stable…

N.B. forestry summit plans industry's future

Friday, November 19th, 2010 | 5:01 pm

New Brunswick's first forestry summit brought together industry leaders, woodlot owners, First Nations and environmentalists Friday to discuss a future for the province's lumber industry.

The summit was held behind closed doors, except for a brief photo opportunity. The stakeholders emerged…

GM shares rise for 2nd day

Friday, November 19th, 2010 | 2:31 pm

General Motors shares closed with a second session of gains Friday on the Toronto Stock Exchange, a day after its initial public offering.

GM's stock dipped as low as $33.12 early Friday on the TSX, 2.6 per cent below Thursday's closing…

Shaw denies rudeness sank CEO early

Friday, November 19th, 2010 | 2:31 pm

The president of Calgary-based Shaw Communications denied Friday that CEO Jim Shaw's early resignation this week came about because of belligerent behaviour he is reported to have displayed before investors at a lunch meeting a week earlier.

“What's been said is…