Category Archives: ਕਾਰੋਬਾਰ

Inflation inches higher to 2%

Inflation in Canada appears to have entered a period of stability near the Bank of Canada’s two per cent sweet spot, providing little impetus for interest rate hikes any time soon.

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Europe’s debt crisis could last 2 years, minister says

The euro fell to a four-month low against the U.S. dollar Friday after Germany’s finance minister said the market turmoil over Europe’s debt crisis could drag on for up to two more years.

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Is Canada suffering from ‘Dutch disease’?

Opposition leader Tom Mulcair says Canada has been hit by the so-called ‘Dutch disease,’ which holds that increasing oil exports artificially inflate the dollar and harm manufacturing. But not all agree with his assessment.

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Kruger looking at ‘viability’ of Corner Brook mill

Kruger Inc. says it is reviewing whether it can keep Corner Brook Pulp and Paper running, after workers turned down a pension restructuring proposal.

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Facebook shares seesaw around $41

Facebook CEO and founder Mark Zuckerberg took the company public on Friday but the stock price briefly flirted with crossing below its IPO price before moving slightly upwards.

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China rejects US solar dumping ruling

China’s government on Friday rejected a U.S. antidumping ruling against its makers of solar power equipment and Chinese manufacturers warned possible higher tariffs might hurt efforts to promote clean energy.

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Mark Zuckerberg opens NYSE

Facebook CEO Mark Zuckerberg rang the bell to open the NYSE on Friday as his company made its stock market debut.

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SpaceX to launch 1st private rocket to space station

For the first time, a private company will launch a rocket to the International Space Station, sending it on a grocery run this weekend that could be the shape of things to come for America’s space program.

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Romney vows quick approval of Keystone XL pipeline

Mitt Romney is vowing to approve TransCanada’s Keystone XL pipeline on his first day on the job if elected president of the United States in November.

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Does Facebook have staying power?

Facebooks first sharing offering, expected this morning, could end up valuing the social media site at over $100 billion. But market capitalization aside, will Facebook remain the be-all of online interaction?

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Conrad Black denies seeking ‘special treatment’

Former media baron Conrad Black denies requesting “special treatment” from the Harper Conservatives to return to Canada on a temporary resident permit after his release from a Florida prison earlier this month.

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Environmental review panels will set witnesses, MPs told

Panel members will decide who will be allowed to appear at future environmental reviews on a “case-by-case, project-by-project” basis, a sub-committee looking into the government’s budget implementation bill heard this morning.

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Moody’s cuts 16 Spanish banks

Ratings agency Moody’s Investors Services downgraded 16 Spanish banks Thursday, the same day as the government of Spain denied rumours customers had moved to take their deposits out of a bank it recently nationalized.

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CPP posts 6.6% return for the year

Canada’s national pension plan had $161 billion in assets at the end of its recently-completed fiscal year, up from $148 billion the previous year.

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Old Age Security affordable without changes, watchdog says

Canada can afford its Old Age Security system without making younger Canadians wait an extra two years to receive benefits, Parliamentary Budget Officer Kevin Page said in a report Thursday.

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Oil a net benefit to Canada, studies suggest

The debate over the benfits of oil exports to Canada’s economy continued Wednesday with the release of two reports, one which tried to debunk the notion they hurt manufacturing in central Canada and another that found sudden price spikes are a net negative.

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Enbridge plans reversal of oil pipeline to supply central Canada

Enbridge is planning to reverse the flow of a key oil pipeline to boost the supply of Western Canadian oil to markets in Ontario and Quebec.

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Shops revive Irish pound amid economic woes

Shop owners in Clones, a small town in Ireland, are embracing a currency that’s been out of circulation for a decade in a bid to boost business.

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Canada’s environmental standards lagging, advisory panel says

Research by the soon-to-be axed National Round Table on the Environment and the Economy warns that Canada is behind on international business standards for greener technologies, as well as emissions standards to reduce the climate change impact of long-term infrastructure.

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Spain, Greece, continue to worry investors

Europe’s debt crisis threatened to further undermine Spain’s ability to borrow Wednesday, as lenders demanded yields that neared the seven per cent level that forced Greece, Ireland and Portugal to accept bailouts.

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