FORT ST. JOHN, B.C. -- The British Columbia government has granted approval for the first phase of construction to start on the massive Site C hydroelectric dam project on the Peace River.
OTTAWA—Finance Minister Joe Oliver says no new economic measures to boost the economy are needed because Canada will not be in a recession at year's end, despite gloomier private sector economic forecasts.
(Adds portfolio manager comment, updates prices to close). * TSX ends up 30.93 points, or 0.21 percent, at 14,624.50. * Nine of the TSX's 10 main groups rise.
LONGUEUIL, Que. - Drug store chain Jean Coutu says impending changes to the way pharmacies are compensated in Quebec will hurt its financial results and confuse patients.
WASHINGTON - The United States trade deficit widened slightly in May, the Commerce Department reported Tuesday, reflecting declines in sales of American-made aircraft and machinery as exports continued to suffer from a strong dollar.