(Reuters) - Maple Leaf Foods Inc MFI.TO said on Wednesday it would cut 400 management jobs, or about 3 percent of its workforce, saying it was ready to streamline operations after starting up Canada's biggest meat plant.
Tensions between Russia and Ukraine escalated Wednesday as Ukraine said it will stop buying Russian natural gas - hoping to rely on supplies from other countries - and closed its airspace to its eastern neighbour.
The Toronto Stock Exchange posted gains in late-morning trading even as the prices for gold and oil slipped lower. The S&P/TSX composite index gained 60.44 points, or 0.45 per cent at 13,481.33.
With a low loonie making it more expensive for Canadians to shop in the U.S., Canadian retailers are bracing for what could be their biggest Black Friday yet.
WASHINGTON - Consumer spending posted a modest increase for a second straight month in October, while personal income rebounded after a sluggish September.