The Liberal government ran a deficit of about $23-billion during its first full fiscal year in office, according to a preliminary estimate.
TORONTO - Nortel Canada's long-suffering creditors will finally begin to receive their share of more than US$4 billion to be distributed under a plan approved in January, eight years after the former technology titan began bankruptcy proceedings.
Kinder Morgan says it will proceed with the $7.4 billion Trans Mountain pipeline expansion as long as it secures satisfactory financing for the project through its initial public offering.
Canada's main stock index was little changed in early trade on Friday, tracking for a 0.3-per-cent slip in a holiday-shortened week, as gold miners rose with precious metal at its highest since May 1 and as banks and energy stocks slipped.
BlackBerry Ltd. says it will receive US$940 million from Qualcomm by May 31 to settle a dispute over royalty payments. An arbitrator sided with BlackBerry in April, and announced an interim award of US$814.9 million plus additional amounts for interest ...