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.

The Federal Reserve shaved its economic outlook, predicted inflation would remain muted and said unemployment remains elevated - all signals that the U.S.

By Alastair Sharp. TORONTO (Reuters) - A subsidiary of European telecoms company Vimpelcom Ltd (VIP.N: Quote) has withdrawn its bid to acquire control of Canada's Wind Mobile, a surprise move that creates further uncertainty about the future of the ...

Canada's largest grocer is trying out a new discount small-store format in a bid to attract more customers in urban areas. Loblaw Cos.

PARIS - A�roports de Montr�al said Wednesday at the Paris air show that it will build an 80,000-square-foot facility in Mirabel in the next six months for $9.5 million and will lease it to French-based firm Aerolia Canada Inc. for up to 30 years.

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.

HALIFAX -- The Imperial Oil refinery in Halifax is being closed and converted to a terminal, in a move that deals the latest blow to Nova Scotia's manufacturing sector.

Consumer use of technology is transforming media and entertainment companies with almost 60 per cent of their revenues expected to come from digital sources by 2015, a new global survey says.

TORONTO - The Bank of Canada is likely to start raising its benchmark interest rate in July 2014, a full year before the U.S. Federal Reserve, BMO's chief economist Douglas Porter said Wednesday.

At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company.