Alibaba Group Holding Ltd. (BABA)'s initial public offering became the biggest ever at $25 billion, after the compay's bankers exercised an option to boost the deal size by 15 percent.
TORONTO -- Canada's struggling economy still needs the extra boost of monetary stimulus to help keep the recovery on track, says Bank of Canada senior deputy governor Carolyn Wilkins.
Canada won't make any sudden changes to the country's system of housing finance, even as the government looks at ways to reduce its role in the market, Finance Minister Joe Oliver said.
Patent licenses that Nortel Networks Corp. (NRTLQ:US) gave its units were the subject of questioning by judges considering how to divide $7 billion raised when the defunct phone maker was liquidated.
NHL training camps open across North America this week, but no matter who makes that last round of cuts, the Canadian economy is poised to be a winner, a major ratings agency says.