TORONTO - A last-minute settlement has been reached in a key dispute in the Nortel Networks Ltd. bankruptcy case - over how much interest should be paid on Nortel's outstanding bonds, the Globe and Mail reports.
ST. JOHN'S, N.L. - A Quebec Superior Court has struck down a bid by Newfoundland and Labrador to adjust the terms of a 1969 power price agreement with Hydro-Quebec for the Churchill Falls power project.
Futures pointed to a lower opening for Canada's main stock index on Friday as tensions between the West and Russia, weak German data and mixed corporate earnings weighed on investor sentiment.
MANILA, July 25 (Xinhua) -- The International Monetary Fund ( IMF) on Friday slashed its 2014 economic growth forecast for the Philippines to 6.2 percent due to a weak first quarter performance and expectations of sluggish expansion in the second quarter.
The shakeup at Bombardier Inc.'s aerospace division appears to be a step in the right direction, but it also raises concerns that there's more bad news is to come, some analysts say.