U.S. Ambassador David Jacobson will become vice-chairman of BMO Financial Group, based out of Chicago, after he leaves his job in Canada later this year, the bank says.

By John Tilak. TORONTO (Reuters) - Canada's main stock index jumped 1 percent to its highest in more than 1-1/2 months on Tuesday, fueled by gains in most 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.

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 ...

Canada's banking watchdog says the transition to higher interest rates - when it comes - could be �very painful.� Like those in most developed countries, interest rates have been at emergency lows for years.