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Topics News & Markets 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...

Topics News & Markets 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...

Topics News & Markets 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a company which trades on the junior Canadian market and produces coal in the U.S. central Appalachian region, has withdrawn a planned financing and warns it may not survive unless it can restructure its debt and get new investment.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...

Topics News & Markets 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...

Topics News & Markets 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...

Topics News & Markets 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...

Topics News & Markets 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...

Topics News & Markets 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...

Toronto market lags recovery in the Dow industrials, remains well off 2011 highsSpecialist Frank Masiello works on the floor of the New York Stock Exchange Wednesday, Feb. 22, 2012. (AP Photo/Richard Drew)

Topics News & Markets 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...

Rogers to compete with Bell on content from sports teams they both ownToronto Maple Leafs' Clarke MacArthur (right) celebrates scoring on New Jersey Devils goaltender Martin Brodeur during second period NHL hockey action in Toronto on Tuesday February 21, 2012. 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 CANADIAN PRESS/Chris Young

Topics News & Markets 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...