The U.S. ambassador to Canada will become vice-chairman of one of Canada's largest banking groups after his diplomatic appointment ends in July.

By John Tilak. TORONTO (Reuters) - Canada's main stock index jumped 1 percent to its highest in more than 1-1/2 months on Tuesday, fueled by gains in most major sectors and optimism following positive economic data from Europe.

Europe could look to Canada as a model as the continent tries to avoid a �decade of stagnation,� Bank of Canada Governor Mark Carney said in his last scheduled public speech before taking over the Bank of England.

Cleanup was underway Tuesday after a freight train derailment in southeastern Saskatchewan in which one of five cars that left the track spilled crude oil.

Drivers who brag they're better behind the wheel than fellow motorists could soon get their chance to test their bravado. Technology is allowing motorists to see exactly how good they really are and the insurance industry is keen to see such devices allowed in ...

Canada's top banking watchdog is keeping a close eye on how the country's major banks are reacting to slowing revenue growth on the back of super-low interest rates, elevated household debt and a sluggish economy.

The mismatch between the level of oil production in Canada and the pipeline capacity to get it to markets is causing a �staggering� blow to the Canadian economy, Toronto Dominion Bank deputy chairman and former New Brunswick Premier Frank McKenna ...

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 ...

Kobo and Kindle have grown to become familiar brands in Canada but e-book sales now appear to plateauing, suggests a report by the industry organization BookNet Canada.

TORONTO -- A French commission is holding public consultations on a plan to build wind farms off the D-Day beaches of Normandy, and it wants to hear what Canadians think about it.