Federal Reserve Chairman Ben S. Bernanke said raising interest rates or reducing asset purchases too soon would endanger the recovery as the economy remains hampered by high unemployment and government spending cuts.

The government's efforts to cool the housing market will have a negative impact on the economy and the range of industries that depend on house sales - everything from mortgage financing to furniture and appliance sales - warned the Canadian ...

MONTREAL - The maker of Ski-Doo snowmobiles says its initial public offering has been priced at $21.50 per share - giving the company a market value of about $2.5 billion.

Most Montrealers are being told they must boil their water before drinking it. City officials have issued a boil water advisory covering all areas east of, and including, LaSalle.

Sales at Target Corp.'s new Canadian stores were better than expected during the first quarter, even as the department store chain reported its overall profits dropped 26 per cent.

Undeterred by record-high housing prices and bolstered by low borrowing costs, nearly half of Canadian home owners plan to buy a property in the next five years, although intentions vary sharply from city to city, a poll released Wednesday has found.

One-third of Canadian households over the past year never or almost never had enough money left over after paying essential expenses, says a new report.

Winnipeg's skyline is in for a major change, after developers announced plans for a new highrise to go up in the downtown area.

After looking at the forecast over the next couple days, city officials are warning residents to keep off the Glenmore Reservoir. This is to allow the water level to be dropped to accommodate the heavy rainfall, creating a heavy water flow from the Elbow River.

(Reuters) - Department store chain Sears Canada Inc (SCC.TO: Quote) posted a loss in the first quarter compared with a profit last year, as demand for its home products and major appliances fell.