MONTREAL - The maker of Ski-Doo snowmobiles says its initial public offering has been priced at $21.50 per share - giving the company a market value of about $2.5 billion.

TORONTO (Reuters) - Canada's main stock index rose more than 1 percent on Wednesday, led by gains across all major sectors, as investors cheered comments from U.S.

After fueling a rally in bond prices, Federal Reserve Chairman Ben Bernanke sent the U.S. Treasury debt market crashing to earth. In recent trade, the benchmark 10-year note fell 21/32 in price, sending up the yield to 2.019%.

Sales at Target Corp.'s new Canadian stores were better than expected during the first quarter, even as the department store chain reported its overall profits dropped 26 per cent.

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CALGARY - A business owner from Jasper will represent Alberta in the finals of the 2013 BDC (Business Development Bank of Canada) Young Entrepreneur Award.

(Reuters) - Department store chain Sears Canada Inc (SCC.TO: Quote) posted a loss in the first quarter compared with a profit last year, as demand for its home products and major appliances fell.

If you said (a) when it's not really zero growth at all and (b) when it's accompanied by a drop in fuel prices, then you're finding all the right answers in Canada's March retail sales report.

MONTREAL -- Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.

After looking at the forecast over the next couple days, city officials are warning residents to keep off the Glenmore Reservoir. This is to allow the water level to be dropped to accommodate the heavy rainfall, creating a heavy water flow from the Elbow River.