Imperial Oil is closing its refinery in Eastern Passage and converting it into a marine terminal. The company said it could not find a buyer for its facility to continue operating as a refinery.
MONTREAL -- Orascom Telecom Holding says it's withdrawing an application to acquire control of Wind Mobile Canada, one of the smaller wireless carriers that's seeking to grow into a stronger rival for the country's three main cellphone companies.
TORONTO - Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday.
Norwegian oil giant Statoil ASA said Wednesday it made a big discovery of light oil offshore Newfoundland, the latest find in Canada's Atlantic region--a big and fast-growing petroleum play that's often overshadowed by the country's western oil-sands ...
By John Tilak. TORONTO (Reuters) - Canada's main stock index retreated on Wednesday morning on market foreboding about what the U.S.