HALIFAX - The Imperial Oil refinery in Halifax is being converted into a terminal operation. The company says in a news release today that it couldn't find a buyer for the facility after searching for a year.
TORONTO -- The Toronto stock market was lower Wednesday as traders hoped the U.S. Federal Reserve will shed some light on what it intends to do about curbing some of its economic stimulus.
Statoil says it has discovered light, high-quality oil in the Flemish Pass basin 500 kilometres northeast of St. John's, raising hopes for an as-yet-untapped part of the Newfoundland offshore.
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.
The following is the text of Canada's wholesale trade report for April from Statistics Canada. Wholesale sales rose 0.2% in April to $49.0 billion, mainly as a result of higher sales in the computer and communications equipment and supplies industry.