The Federal Reserve shaved its economic outlook, predicted inflation would remain muted and said unemployment remains elevated - all signals that the U.S.

Orascom Telecom Holding announced Wednesday that it is pulling back its application to acquire full control of Wind Mobile Canada, in which it already holds a partial interest.

Canada's largest grocer is trying out a new discount small-store format in a bid to attract more customers in urban areas. Loblaw said it opened the new 10,000-square foot store a few weeks ago in Calgary.

PARIS - A�roports de Montr�al said Wednesday at the Paris air show that it will build an 80,000-square-foot facility in Mirabel in the next six months for $9.5 million and will lease it to French-based firm Aerolia Canada Inc. for up to 30 years.

Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday.