OTTAWA - Canada's export sector pulled back in August after two months of strong growth, helping the country's trade deficit widen to $2.53 billion, data from Statistics Canada showed on Tuesday.
The International Monetary Fund cast a pessimistic view on Canada's economic prospects for next year, warning that the depressed commodity prices that have slowed the Canadian and global economies in 2015 will remain a major threat to growth in 2016.
TORONTO - First Quantum Minerals (TSX:FM) is seeking to slash outstanding debt by at least US$1 billion within six months as it scales back spending to offset low copper prices.
A pedestrian is reflected in a Suncor Energy sign in Calgary, Feb. 1, 2010. Suncor Energy is making a bid to acquire Canadian Oil Sands Ltd.
MONTREAL - The City of Montreal is standing by its plan to dump eight billion litres of untreated sewage, or the equivalent of 3,200 Olympic-sized swimming pools, into the St. Lawrence River, saying it remains the best alternative.