MONTREAL--Europe faces a decade of stagnation without "sustained and significant reforms," Mark Carney, the incoming governor of the Bank of England, warned Tuesday.

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.

Bank of Montreal has snagged David Jacobson, the U.S. ambassador to Canada, as its next vice chair. In his new role that begins in October, Mr. Jacobson will be responsible for building key customer relationships and business development.

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 ...

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 ...

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.

The head of Canada's financial services regulator says the agency is closely monitoring banks for the risks that can arise from prolonged periods of low interest rates.

KENTVILLE, N.S. -- Federal food safety officials have placed an apple orchard in Nova Scotia's Annapolis Valley under quarantine after the detection of a destructive pest for the first time in North America.

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.