Manitoba Telecom Services Inc. agreed to sell its Allstream business services unit to Accelero Capital Holdings, a firm co-founded by Egyptian billionaire Naguib Sawiris, for $520 million Canadian.

National Bank of Canada hiked its quarterly dividend to 87 Canadian cents from 83 Canadian cents and posted a second-quarter profit of C$434 million, or C$2.49 a share.

Proposed changes to U.S. meat labelling laws are unsatisfactory and continue to discriminate against Canadian beef and hog producers, Ottawa says, raising the spectre of retaliatory action from the federal government.

At least a half dozen energy companies have come up dry in efforts to attract the rich bids they envisaged when they put oil sands assets on the auction block in the past year, showing downward pricing pressure on a sector touted as the cornerstone of ...

TransCanada Corp. (TRP) won another of the remaining Texas state-court challenges by landowners trying to block construction of the Keystone XL tar-sands pipeline across their property.