MONTREAL�Orascom Telecom Holding says it's withdrawing an application to acquire control of Wind Mobile Canada but says it's interested in working with the Canadian government on another approach.
Imperial Oil is closing its refinery in Eastrern 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.
TORONTO - The Canadian dollar was slightly higher Wednesday ahead of the mid-afternoon release of the U.S. Federal Reserve's latest policy statement and economic projections.
The yen strengthened for the first time in three days against the dollar and stocks fluctuated before a Federal Reserve meeting that may clarify the outlook for U.S.
Statoil says it has discovered light, high-quality oil in the Flemish Pass basin 500 kilometres northeast of St. John's, raising hopes for an as-yet-untapped part of the Newfoundland offshore.