At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company.

Verizon Communications Inc. confirmed on Tuesday that it is considering an entry into Canada's $19-billion wireless market in the wake of a report earlier this week by The Globe and Mail.

Wednesday 11.45 BST: Equities are flat and the dollar and high-grade government bonds have climbed fractionally as investors make their positions as secure as possible ahead of Wednesday's meeting of the board of the Federal Reserve.

Statoil said its new find is located in the Harpoon prospect. (Statoil). The Norwegian company Statoil has made another oil discovery about 500 kilometres northeast of St. John's, according to a company news release.

A former fighter pilot with experience running airports around the world has been named the new head of Vancouver International Airport.

Attitudes toward Canada's oil have shifted dramatically in the United States in recent years, as Americans increasingly view it as a key part of their own energy independence, outgoing U.S.

A move to cap the number of restaurants and bars on Parkdale's popular Queen Street strip has cleared its first hurdle and is gaining attention as a model for controlling growth in other downtown neighbourhoods.

The federal government will raise the bar for oil companies operating off the East Coast and in the Arctic, increasing the limit on their liability for environmental and other damage from a blowout or oil spill to $1-billion.

Hudson's Bay Co. is replacing its star president, Bonnie Brooks, with a company veteran in a surprise move that spooked investors, prompting a drop of more than 3 per cent in the stock price.

Moncton City Council crossed a major hurdle Monday night in their pursuit of a new downtown arena. Council members voted to purchase the Highfield Square property at a cost of $6.3 million, by a count of eight to two.