The Canadian dollar plunged almost a full U.S. cent Thursday as oil prices fell below US$70 after the OPEC cartel decided not to cut production.
Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) announced that Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO) has okayed the development of the A-21 pipe at the Diavik diamond mine.
MONTREAL -- Tembec Inc. has ceased production at its lumber mill in Temiscaming, Que., after workers went on strike late Wednesday.
Canada's current account deficit was the narrowest since 2008 in the third quarter as non-energy exports increased and deficits in investment and tourism declined.
The Saskatchewan government is projecting a balanced budget for 2014-15 despite falling oil prices. Finance Minister Ken Krawetz says high oil prices earlier this year offset the recent downward trend.