Mark Carney's final speech as Governor of the Bank of Canada could also be read as his first as the head of the Bank of England, a position he inherits in July.

By John Tilak. TORONTO (Reuters) - Canada's main stock index jumped more than 1 percent to hit nearly a two-month high on Tuesday, fueled by gains in most major sectors and optimism following positive economic data from Europe.

Corrupt civil servants, shady engineering bosses, a mayor who didn't see anything and another who allegedly acted as a gangster, although - and this is a redeeming factor - he does not smoke crack.

Emergency crews have contained crude oil leaking from a damaged rail car, according to a Canadian Pacific Railway spokesman. The derailment happened early this morning about 150 kilometres east of Saskatoon.

WASHINGTON -- David Jacobson is leaving his post as U.S. ambassador to Canada in July to become vice-chairman of one of Canada's largest banking groups.

SARNIA, Ont. - Activists plan to protest in Sarnia, Ont., as a two-day national conference on oil sands bitumen kicks off today. The �Bitumen Adding Value Conference� is meant to bring together industry leaders, experts and decision-makers to discuss the ...

The Federal Court of Canada has dismissed a challenge by two unions over a Vancouver-based company's hiring of 201 temporary foreign workers from China for a coal project in northern British Columbia.

Julie Dickson, Canada's banking regulator, said the current period of low interest rates threatens to increase risks for the country's lenders and that it has become an issue she's closely monitoring.

The City of Saskatoon said the Circle Drive South project is on track to be completed by the end of July. The project was originally scheduled to open in September 2012, but city officials said heavy snow and freezing rain caused delays.

A Winnipeg car-share program has doubled its fleet of cars to serve a growing demand in the city. Peg City Car Co-Op now has eight cars in its fleet, all of which are shared by more than 140 members of the co-op.