TORONTO - The Royal Bank, which faced fierce backlash earlier this year over an outsourcing arrangement with a supplier that used temporary foreign workers, said Friday it won't send work offshore just to save on salaries.

WINNIPEG - Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm to an Egyptian investment group and use about half of the $405 million in proceeds to reduce its pension obligations and debt.

The federal government is threatening "retaliatory measures" against the United States in a dispute over meat-labelling rules that Ottawa and the World Trade Organization consider discriminatory.

TORONTO�National Bank of Canada, the sixth-largest bank in Canada, raised its quarterly dividend Friday after reporting a 22% decline in second-quarter earnings reflecting last year's sale of its asset management unit.

The world's first carbon capture and storage facility is set to start testing in Saskatchewan and it's already creating international buzz.