TORONTO -- The U.S. ambassador to Canada will become vice-chairman of one of Canada's largest banking groups after his diplomatic appointment ends in July.

TORONTO (Reuters) - Canada's main stock index rose to its highest in 1-1/2 months on Tuesday, fueled by gains in almost all major sectors and optimism following positive economic data from Europe.

Emergency crews are working to contain crude oil that is leaking from a damaged rail car, following a derailment about 150 kilometres east of Saskatoon.

ROUGEMONT, Que. - Lassonde Industries Inc. (TSX: LAS.A) said Tuesday it has signed a deal to increase its stake in Clement Pappas and Company, Inc. to 84 per cent from 70.7 per cent for US$21.2 million.

Drivers who brag they're better behind the wheel than fellow motorists could soon get their chance to test their bravado. Technology is allowing motorists to see exactly how good they really are and the insurance industry is keen to see such devices allowed in ...