Imperial Oil is closing its refinery in Eastrern Passage and converting it into a marine terminal. The company said it could not find a buyer for its facility to continue operating as a refinery.
TORONTO - The Canadian dollar was slightly higher Wednesday ahead of the mid-afternoon release of the U.S. Federal Reserve's latest policy statement and economic projections.
(Reuters) - VimpelCom Ltd (VIP.N: Quote) has withdrawn its bid to acquire control of upstart Canadian wireless company Wind Mobile, a majority-owned affiliate of the company said on Wednesday.
Norwegian oil giant Statoil ASA said Wednesday it made a big discovery of light oil offshore Newfoundland, the latest find in Canada's Atlantic region--a big and fast-growing petroleum play that's often overshadowed by the country's western oil-sands ...
TORONTO (Reuters) - Canada's main stock index fell on Wednesday, led by lower financial and energy stocks, as investors were nervous ahead of a U.S.