Toyota Motor Manufacturing Canada will invest $421 million to launch the next generation Lexus RX 350 and 450h vehicles at its assembly plant in southwestern Ontario.
CALGARY - Imperial Oil's (TSX:IMO) second-quarter profit plunged 90 per cent from last year to $120 million from $1.2 billion as the oil producer dealt with the sharp drop in oil prices.
Toronto's housing market faces a "comparatively high" risk of a sudden price drop, according to a TD Economics report.
The S&P/TSX Composite rose 0.9 per cent for the five trading days ending with Thursday's close, although it felt a lot worse than that for holders of precious metals and energy stocks.
CALGARY - Enbridge Inc. says it expects integrity testing on its Line 9B pipeline between southern Ontario and Montreal to wrap up by year-end.