National Business

Markets up after U.S. Federal Reserve announcement.

Wednesday, March 17th, 2010 | 11:46 am

Canwest News Service

The TSX opened higher Wednesday on stronger than expected figures on wholesale trade and as global markets continued to react from the U.S. Federal Reserve announcement Tuesday to keep interest rates low for an extended period.

The Toronto…

Where will Flaherty's axe fall?

Wednesday, March 17th, 2010 | 2:02 am

Canwest News Service

Remember the Budget? Big thick book, lots of numbers, came out two weeks ago. I mention it because you may have forgotten all about it, given the infrequency with which the opposition has mentioned the Conservatives' financial plan.

The…

Tories reject proposed levy on iPods

Wednesday, March 17th, 2010 | 2:02 am

Canwest News Service

A consumer levy on blank tapes and compact discs to compensate musicians may be fine, but the Conservative government yesterday drew the line at extending the fee to iPods and other MP3 players. After the NDP's digital affairs…

Crossing the line of creative inspiration; Agency draws flak for copying pop artist's style

Wednesday, March 17th, 2010 | 2:01 am

Canwest News Service

When is copycat creative work stealing, and when is it inspiration?

That advertising debate has become a whole lot murkier — and louder — lately given the exploding world of social media.

Toronto-based ad agency Cundari Group found out just…

Bank supervision critical: OSFI head; Julie Dickson tells U.S.

Wednesday, March 17th, 2010 | 2:01 am

Canwest News Service

NEW YORK – In the wake of the financial crisis, many countries, including the United States, have been putting too much emphasis on rules and not focusing enough on how banks and other financial firms should be supervised…

EnCana aims to double gas output; Timing questioned

Wednesday, March 17th, 2010 | 2:01 am

Canwest News Service

CALGARY – EnCana Corp. said yesterday it plans to double its natural-gas production in five years — an aggressive goal that left some observers questioning the company's timing.

It also jacked up its budget to US$4.5-billion for 2010, an…

Toyota hits wall of hostility in Ottawa; Federal hearing

Wednesday, March 17th, 2010 | 2:01 am

Canwest News Service

OTTAWA – Toyota Canada Inc. kept federal regulators in the dark about a potential flaw in the automaker's accelerator pedal that the company was aware of but didn't disclose until it issued a recall, federal MPs charged yesterday…

SURGE TO PARITY TRANSFORMS ECONOMY; Markets, loonie and productivity on a roll as Canadian factories find ways to stay competitive

Wednesday, March 17th, 2010 | 2:01 am

U.S. sport supplier says Onex unit is its buyer; US$170M offer

Wednesday, March 17th, 2010 | 2:01 am

Canwest News Service

The mid-cap private-equity arm of Onex Corp. is attempting to make its first acquisition of the year — Dallasbased publicly listed sporting goods and uniform supplier, Sport Supply Group Inc., which announced it has been bought by ONCAP…

Mega Brands refinancing approved; Toy company escapes threat of insolvency

Wednesday, March 17th, 2010 | 2:01 am

Canwest News Service

MONTREAL – Mega Brands Inc. has won formal approval from its lenders and shareholders for a recapitalization plan that saves the Canadian toy company from insolvency.

Holders of 91.4% of the company's senior secured debt and 99.4% of common…