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South Africa's economic growth lags behind African average, reflecting close ties to Europe
Ford Motor to add $3.8B to pension plans this year; raises pay of directors
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Flight dispatchers OK deal but baggage handlers reject proposed contract
By The Canadian Press | February 22, 2012
MONTREAL - Air Canada dispatchers ratified a new contract, but baggage handlers, ground crews and maintenance workers have rejected a tentative deal signed earlier this month with Canada's biggest airline. The carrier says 74 flight dispatchers based near Toronto Pearson International...
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Yamana increasing quarterly dividend by 10 per cent to 5.5 cents per share
By The Canadian Press | February 22, 2012
TORONTO - Yamana Gold Inc. (TSX:YRI) said Wednesday that it will increase its quarterly dividend by 10 per cent as the mid-tier gold producer reported lower profits after investment writedowns. The Toronto-based gold miner said it would pay a quarterly dividend of 5.5 cents per share...
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Royal Coal needs restructuring to survive
By The Canadian Press | February 22, 2012
TORONTO - Royal Coal Corp. (TSXV:RDA), a company which trades on the junior Canadian market and produces coal in the U.S. central Appalachian region, has withdrawn a planned financing and warns it may not survive unless it can restructure its debt and get new investment. Shares were...
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Most actively traded companies on the TSX, TSX Venture Exchange markets
By The Canadian Press | February 22, 2012
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,701.26, up 77.9 points): Uranium One Inc. (TSX:UUU). Miner. Up 19 cents, or 5.99 per cent, at $3.36 on 15,412,923 shares. TELUS Corp...
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Nunavut forecasts budget surplus, but says billions needed for infrastructure
By The Canadian Press | February 22, 2012
IQALUIT, Nunavut - The government of Nunavut says it will reverse two years of deficit budgets to post a small surplus in the coming fiscal year. But that surplus will result from lower capital spending plans, meaning no new social housing will be built in the territory next year...
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Cascades to permanently close its Toronto packaging plant, cutting 36 jobs
By The Canadian Press | February 22, 2012
TORONTO - Cascades Inc. says its packaging plant in Toronto will close in June, cutting 36 jobs, due to low demand for the product it makes there. The Cascades Enviropac plant makes honeycomb packaging, which is used mainly to pack furniture. "Demand in the honeycomb packaging...
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New Brunswick dismisses idea of implementing two-tiered minimum wage
By Kevin Bissett, The Canadian Press | February 22, 2012
FREDERICTON - The New Brunswick government has rejected the idea of implementing a lower minimum wage for workers who earn tips. For months, the government was studying whether to implement a two-tiered minimum wage. But Labour Minister Martine Coulombe said Wednesday the province won...
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Talisman starts natural gas joint venture with Mitsubishi in Papua New Guinea
By Lauren Krugel, The Canadian Press | February 22, 2012
CALGARY - Talisman Energy Inc. and Mitsubishi are looking at exporting liquefied natural gas from Papua New Guinea under a joint venture deal announced Wednesday — the Japanese company's second move in a week to secure gas assets from a Canadian producer. Mitsubishi will pay about US...
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Toronto market lags recovery in the Dow industrials, remains well off 2011 highs
By Craig Wong, The Canadian Press | February 22, 2012
OTTAWA - While the Dow Jones industrials average flirts with its highest level in nearly four years, the Toronto Stock Exchange remains more than 10 per cent off its highs of just last year — and thousands of points below its lofty pre-recession peak. But while the U.S. market will...
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Rogers to compete with Bell on content from sports teams they both own
By LuAnn LaSalle, The Canadian Press | February 22, 2012
MONTREAL - Improved hockey, basketball and soccer coverage, including better access to team practices and more angles on scoring are among improvements sports fans can expect from Rogers now that it owns a big chunk of Toronto's top sports franchises. "The consumer, really, is the...
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South Africa's economic growth lags behind African average, reflecting close ties to Europe
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