TORONTO -- The Toronto stock market closed lower Wednesday amid positive earnings news and signs of weakening Chinese growth. The S&P/TSX composite index lost 22.58 points to 14,533.39.
Crescent Point Energy Corp. is buying privately held oil and gas producer CanEra Energy Corp. for about $750-million in cash and stock to expand its position in a Saskatchewan oil formation that is seen as a potentially large new source of supply.
MONTREAL - French train manufacturer Alstom is eliminating about 150 full-time positions, or more than half the workforce, at its Montreal plant as it transfers activities to Europe.
While media outlets across Canada are clamouring to warn drivers that gas prices are about to hit record highs, most are forgetting one detail: Gas prices are actually stabilizing, fluctuating less and are nowhere near their record highs.
MONTREAL�The federal government is pulling the most dangerous rail cars off the country's tracks in the next 30 days and will ban tankers not built to the current high standards by 2017 as a result of last summer's deadly train crash and explosion in Quebec ...