TORONTO -- The U.S. ambassador to Canada will become vice-chairman of one of Canada's largest banking groups after his diplomatic appointment ends in July.
TORONTO (Reuters) - Canada's main stock index rose to its highest in 1-1/2 months on Tuesday, fueled by gains in almost all major sectors and optimism following positive economic data from Europe.
Emergency crews are working to contain crude oil that is leaking from a damaged rail car, following a derailment about 150 kilometres east of Saskatoon.
ROUGEMONT, Que. - Lassonde Industries Inc. (TSX: LAS.A) said Tuesday it has signed a deal to increase its stake in Clement Pappas and Company, Inc. to 84 per cent from 70.7 per cent for US$21.2 million.
Canada's banking watchdog says the transition to higher interest rates - when it comes - could be �very painful.� Like those in most developed countries, interest rates have been at emergency lows for years.