German industrial conglomerate Siemens AG SIEGY 0.01 % has held talks to combine its rail unit with Canada-based Bombardier Inc. BDRBF 5.93 % 's train business, people familiar with the matter said.
By Binyamin Appelbaum WASHINGTON: The Federal Reserve remains on track to raise interest rates later this year, and perhaps as soon as its next policy meeting in mid-September, as economic growth continues to meet its expectations.
TORONTO (Reuters) - Canada's main stock index jumped on Wednesday, helped by gains in banks, railways and oil companies as crude prices bounced from near six-month lows and the Federal Reserve left the door open for a September interest rate hike.
The company responsible for the collapse of a tailings dam at the Mount Polley mine site in central B.C. last year has completed the first stage of a massive recovery operation.
The Conference Board of Canada issued its most dismal forecast for the Canadian economy since 2009, projecting just 1.6 percent growth this year as lower oil prices, a near-record trade deficit, and waning business investment continue to take their toll.