Tue Jun 18, 2013 4:13pm EDT. (Adds comments from shareholder, analysts; updates stock price, background on Scout Capital). By Susan Taylor.

First posted: Tuesday, June 18, 2013 11:03 AM EDT | Updated: Tuesday, June 18, 2013 04:56 PM EDT. stocks Traders work on the floor at the New York Stock Exchange, June 17, 2013.

U.S. mobile carrier Verizon Wireless is weighing the possibility of an expansion into Canada, but says consideration of any move north is at a very early stage.

The rich are getting richer, and there are way more of them. The World Wealth Report, issued Tuesday by RBC Wealth Management and Capgemini Financial Services, says the number of millionaires globally grew by 1 million, or 9.2 per cent, to 12 million ...

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.

PARIS - It has become almost a rite of passage. If this is the Paris air show, Thomas Flohr and Steve Ridolfi will be transacting a big deal and throwing flowers at each other.

Dufferin St. has been voted the worst road in Ontario for the second year in a row in a survey conducted by the Canadian Automobile Association.

OTTAWA - The Harper government is welcoming a new report by federal politicians, spearheaded by the New Democrats, that recommends energy targets and an improved ratings system to slash energy consumption in buildings and save millions of dollars ...

Five years after being hired to lead the turnaround of the ailing Hudson's Bay department store chain, president Bonnie Brooks has been promoted to vice-chairman.

TERRACE, B.C. - There is a growing imbalance between oil supply and delivery in Canada and a spokesman for the Canadian Association of Petroleum Producers says doing nothing is not an option.