National Business

Stock circuit breakers urged

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

A prominent regulatory organization is calling for stock markets to implement circuit breakers to head off a repeat of the “flash crash” that rocked stock markets in May.

The Investment Industry Regulatory Organization of Canada (IIROC) is soliciting public comment on…

Oil firm fined for leak that killed 300 birds

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

A Calgary oil and gas company has been fined $125,000 in connection to an oil leak that killed about 300 birds.

On Sept. 8, 2008, more than 14,000 litres of crude oil from a well was discharged onto 1,200 square metres…

Pink Tartan opens flagship store

Friday, November 19th, 2010 | 1:41 pm

A prominent Canadian fashionista thinks the recession forced retailers to be more competitive, but she hopes the time is right for the launch of her flagship store in Toronto.

Kimberley Newport-Mimran, president and chief designer of Pink Tartan, opened the line's…

Irish bank's deposits drop 17% since June

Friday, November 19th, 2010 | 12:01 pm

Ireland's second largest bank reported Friday that deposits have dropped by 17 per cent since June as individuals and businesses withdrew savings in the midst of the country's debt crisis.

Allied Irish Banks said that amounted to 13 billion euros ($18…

Executive pay needs better disclosure: report

Friday, November 19th, 2010 | 10:46 am

Canada's securities regulators called Friday for companies to improve their explanations to investors about how their executives are compensated.

They focused especially on having the firms provide the goals used to measure performance.

The Canadian Securities Administrators — which represent regulators in…

Productivity stagnant in 2009: StatsCan

Friday, November 19th, 2010 | 10:46 am

A new report from Canada's national statistics agency says the country's business productivity was stagnant last year, after it declined 0.8 per cent in 2008.

Statistics Canada said Friday that private-sector productivity — output per hour worked — increased in Prince…

China raises bank reserve ratios

Friday, November 19th, 2010 | 9:31 am

China moved to curb inflation Friday, after days of speculation, with the government telling banks they must increase the proportion of reserves held to funds lent.

Reserves are cash held by the banks in case of unusual demand from depositors.

The aim…

N.B., N.S. premiers discuss energy co-operation

Friday, November 19th, 2010 | 7:01 am

Nova Scotia Premier Darrell Dexter and New Brunswick Premier David Alward used their first formal meeting on Friday to discuss ways to strengthen regional energy co-operation.

The two premiers met on Friday morning and the leaders discussed potential options for more…

Potash to bolster Sask. exports

Thursday, November 18th, 2010 | 10:16 pm

International sales of potash will propel Saskatchewan to an overall increase in exports in the coming months, according to a forecast by Export Development Canada.

The federal agency released its predictions for provincial exports, saying potash and energy exports are expected…

GM closes at $34.01 on TSX

Thursday, November 18th, 2010 | 2:46 pm

General Motors' new shares began trading on the New York and Toronto stock exchanges in an initial public offering Thursday, trading over $35 for most of the day before dropping to $34.01 US at the close.

Initial investors had paid $33…