TORONTO - The Toronto stock market closed sharply higher Monday as investors snapped up oversold stocks for a third day in hopes a bottom is close in the sell-off that has plagued markets this month.
A U.S. appeal is likely following the latest World Trade Organization decision on country of origin labelling, said federal Agriculture Minister Gerry Ritz on Monday, but Canada �will not rest� until the controversial legislation is scrapped entirely.
The falling price of oil will likely result in a round of project cancellations and disappointing results in the Canadian oilpatch, analysts say.
A year after Ottawa quietly signalled opposition to a Lenovo Group Ltd. takeover of BlackBerry Ltd., rumours are surfacing that the Chinese company is poised to make another play for the Waterloo, Ont.
The British Columbia government has introduced a new law that aims to build a liquefied natural gas industry with what it promises are �world-leading� targets for the lowest greenhouse-gas emissions.