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.

Verizon Communications Inc. confirmed on Tuesday that it is considering an entry into Canada's $19-billion wireless market in the wake of a report earlier this week by The Globe and Mail.

Wed Jun 19, 2013 7:36am EDT. OSLO, June 19 (Reuters) - Norwegian oil and gas firm Statoil discovered light, high-quality oil offshore Canada, about 500 kilometres north-east of St. John's in Newfoundland and Labrador, it said on Wednesday.

MONTREAL -- 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.

A former fighter pilot with experience running airports around the world has been named the new head of Vancouver International Airport.

Hudson's Bay Co. is replacing its star president, Bonnie Brooks, with a company veteran in a surprise move that spooked investors, prompting a drop of more than 3 per cent in the stock price.

The federal government will raise the bar for oil companies operating off the East Coast and in the Arctic, increasing the limit on their liability for environmental and other damage from a blowout or oil spill to $1-billion.

CALGARY - Alberta's economy is positioned to grow at the top-end of Canada's provincial economic growth rankings in 2013 and lead the country in 2014, says a new report released Wednesday by RBC Economics.

A move to cap the number of restaurants and bars on Parkdale's popular Queen Street strip has cleared its first hurdle and is gaining attention as a model for controlling growth in other downtown neighbourhoods.

Moncton City Council crossed a major hurdle Monday night in their pursuit of a new downtown arena. Council members voted to purchase the Highfield Square property at a cost of $6.3 million, by a count of eight to two.