Fortis Inc. has a friendly deal to buy U.S. electric transmission company ITC for $11.3-billion (U.S.), which includes $4.4-billion in assumed debt.
TORONTO (Reuters) - Canada's main stock index fell on Monday as banking, energy and consumer stocks lost ground, offsetting gains among gold miners as global growth concerns mounted.
The two ministries that handed nearly $4 million to Goodwill Industries of Toronto, Eastern, Central and North Ontario (TECNO) in 2014-15 insist to this day the now-defunct agency spent the money for the purposes intended.
OTTAWA - The Bank of Canada's benchmark interest rate needs help in shoring up the financial system from growing risks like rising consumer indebtedness, deputy governor Timothy Lane said in a speech Monday.
By now, any scenarios in which Canada's battered economy is rescued by a sudden upturn in oil prices have largely disappeared from the conversation.