Market Newshttp://www.canadianbusiness.comNews, opinion and community for business leaders, entrepreneurs and investors. en-us Fri, 3 Jul 2009 20:35:12 -0400 Venezuela takes control of Spanish-owned Banco de Venezuela in nationalization http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b039640038&utm_source=markets&utm_medium=rss CARACAS, Venezuela - President Hugo Chavez's government has taken control of the country's third largest bank - Banco de Venezuela.The Fri, 3 Jul 2009 20:29:00 -0400 Market News Bell installation and repair technicians vote to approve new five-year contract http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b032064420&utm_source=markets&utm_medium=rss TORONTO - The union representing 2,500 Bell installation and repair technicians in Ontario said Friday the workers have voted to accept a new Fri, 3 Jul 2009 19:41:00 -0400 Market News Net mutual fund redemptions between $1.3B and $1.8B for June, IFIC says http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b033073723&utm_source=markets&utm_medium=rss TORONTO - Net redemptions of mutual funds for June were estimated to be between $1.3 billion and $1.8 billion, according to the Investment Funds Fri, 3 Jul 2009 18:37:00 -0400 Market News Chinese company makes bids for GM's Opel division; alternative to Magna http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b03458512&utm_source=markets&utm_medium=rss TORONTO - General Motors Corp. confirmed Friday it has received a non-binding offer from a Chinese concern for its Opel division.GM Europe Fri, 3 Jul 2009 18:36:00 -0400 Market News Most active shares in Toronto on Friday http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=c033780725&utm_source=markets&utm_medium=rss TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange Fri, 3 Jul 2009 18:30:00 -0400 Market News Talks between Air Canada, machinists' union likely to stretch through weekend http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b032748323&utm_source=markets&utm_medium=rss MONTREAL - Talks between Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will likely continue through the Fri, 3 Jul 2009 18:29:00 -0400 Market News TSX Venture Exchange closed at 1,092.96 up 0.38 point http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=c28272023&utm_source=markets&utm_medium=rss TORONTO - The TSX Venture Exchange settled at 1,092.96 up 0.38 point Friday. The volume at 5 p.m. was 84.13 million shares.Among the most Fri, 3 Jul 2009 16:49:00 -0400 Market News Most active shares in Toronto on Friday http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b033780725&utm_source=markets&utm_medium=rss TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange Fri, 3 Jul 2009 16:46:00 -0400 Market News Toronto stock market closes flat on low trading volume; New York closed http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b17035013&utm_source=markets&utm_medium=rss TORONTO - The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals Fri, 3 Jul 2009 16:45:00 -0400 Market News Financial market highlights http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=c43830027&utm_source=markets&utm_medium=rss TORONTO - Highlights at the close of Friday's world financial market trading: Stocks:S&P/TSX Composite Index - 10,283.10 up 37.19 Fri, 3 Jul 2009 16:32:00 -0400 Market News Market volumes Friday http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=c24892021&utm_source=markets&utm_medium=rss TORONTO - Friday's trading volume for the major stock market at 4:15 p.m. ET:TSX: 136,739,971TSXV: 84,127,104Nasdaq Canada: Fri, 3 Jul 2009 16:31:00 -0400 Market News Canadian dollar closed at 86.08 cents US, up 0.04 cent http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=c18086019&utm_source=markets&utm_medium=rss TORONTO - The Canadian dollar closed at 86.08 cents US, up 0.04 of a cent on Friday.The U.S. dollar stood at 116.17 cents Canadian, down Fri, 3 Jul 2009 16:30:00 -0400 Market News Victoria Square Ventures to provide $3 million for Adaltis CCAA restructuring http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b03936715&utm_source=markets&utm_medium=rss MONTREAL - Adaltis Inc. (TSX: ADS) received court protection under the Companies' Creditors Arrangement Act on Friday, providing some hope that Fri, 3 Jul 2009 16:04:00 -0400 Market News Oil brokerage reports $10 million loss on unauthorized trading in Brent oil this week http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b034970329&utm_source=markets&utm_medium=rss LONDON - PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized Fri, 3 Jul 2009 15:30:00 -0400 Market News $10 billion plan signed for pipeline that would ship gas from Africa to Europe http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b034329828&utm_source=markets&utm_medium=rss ABUJA, Nigeria - Nigeria, Algeria and Niger have signed an agreement to create a $10 billion pipeline that would ship gas across the Saharan Fri, 3 Jul 2009 15:29:00 -0400 Market News