Europe could look to Canada as a model as the continent tries to avoid a �decade of stagnation,� Bank of Canada Governor Mark Carney said in his last scheduled public speech before taking over the Bank of England.

Bank of Montreal has snagged David Jacobson, the U.S. ambassador to Canada, as its next vice chair. In his new role that begins in October, Mr. Jacobson will be responsible for building key customer relationships and business development.

Three years of efforts to protect Canada's boreal forest have ended in failure as negotiations broke down over how much land to set aside for conservation.

TORONTO - The Toronto stock market surged ahead Tuesday following a long holiday weekend, boosted by strong gains in the gold and energy sectors.

Cleanup was underway Tuesday after a freight train derailment in southeastern Saskatchewan in which one of five cars that left the track spilled crude oil.