World stock markets fell sharply Thursday after the U.S. Federal Reserve said it could start scaling back its huge economic stimulus program later this year and a survey showed a slowdown in manufacturing in China.

BURLINGTON, Ont. -- Bank of Canada Governor Stephen Poloz says Canadian consumers did their part for the economy by borrowing the country through the worst recession since the Great Depression and now it is the turn of businesses to start spending.

Verizon Communications Inc. is looking at a move into Canada's cellular telephone business, one of several possible new entrants whose arrival would salvage the federal government's ambitions for a fourth wireless player across the country.

TORONTO - Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday.

Imperial Oil Ltd. will close its 95-year-old Dartmouth, N.S., oil refinery and eliminate most of the 400 high-paying jobs it provides in the Halifax area - victims of too much refining capacity in the Atlantic basin and the high cost of imported crude.

ST. JOHN'S, N.L. - The UNESCO world heritage committee is recommending that a monitoring mission be sent to Gros Morne National Park to assess fracking risks, saying it's seriously concerned about plans for potential oil exploration near the site.

Premier Alison Redford made a high-profile pitch for new oil and gas development as the keynote speaker at a New York conference on energy independence today.

Heavy traffic and many large trucks use the Pattullo Bridge during rush hour this month in New Westminster. A new Pattullo Bridge is one of TransLink's top priorities.

The Calgary Parking Authority says it's seeing a steady increase in the number of drivers who illegally take spots designated for people with disabilities.

A new report compiled by the Canadian Human Rights Commission (CHRC) paints a dismal picture of the plight of aboriginal Canadians, but there is a glimmer of hope.