Commuters walk past a Sears store in Toronto on Thursday April 25, 2013. Sears Canada Inc. reported a net loss of $21.3 million, or 21 cents per share, in the second quarter, compared to a profit of $152.8 million, or $1.50, in the same period last year.
The Target CFO says it would have been better off to open five to 10 stores in Canada, rather than the 124 it did. Photograph by: Don Healy, Leader-Post Files , Financial Post.
America and Canada are friends. That's the main message Americans got from phase one of the federal government's multimillion-dollar advertising campaign to promote Canadian oil in Washington and drum up support for the Keystone XL pipeline.
US Federal Reserve officials discussed whether to increase interest rates earlier than previously planned, raising expectations that it could take action before next year.
Canada's benchmark stock index hit a new all-time high of 15,561 on Wednesday, buoyed by higher commodity prices and despite some shaky corporate profits.