TORONTO -- The U.S. ambassador to Canada will become vice-chairman of one of Canada's largest banks 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.

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.