Canada Business News
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N.W.T. mineral exploration to rebound
Mining companies are set to invest twice as much in the Northwest Territories this year as they did last year, but some industry officials say the territory still lags behind the rest of Canada in mineral exploration spending.
Defunct Yukon sawmill wins federal settlementThe company behind the failed South Yukon Forest Products sawmill in Watson Lake, Yukon, have won a $67-million settlement from the federal government in a decade-old court battle that began when a logging moratorium was imposed in the area.
World markets cheer EU bailout plan
World stock markets and the euro soared Monday as investors cheered the European Union’s $1 trillion (dollar figures U.S.) plan to defend the embattled 16-country currency and keep a spreading debt crisis from damaging the global economic recovery.
Federal anti-tobacco farming program up in smoke
Colin Yarmie pulls the little spout from its water-filled growing tray and gestures toward the thousands of other tobacco plants crammed into two steamy greenhouses on his family farm. By the end of May, Yarmie says, all will be planted in nearby fields,
Gaga blasted over missing undies
Lady Gaga is facing the wrath of bosses at an underwear company after she allegedly failed to return four "priceless" items of lingerie.
London's Harrods department store sold for $2.2B
Mohamed Al Fayed, a flamboyant businessman who has controlled Harrods department store in London for a quarter-century, has sold the landmark business to Qatari investors, his financial advisers said Saturday.
Volcanic ash disrupts air travel again
Another massive cloud of volcanic ash from Iceland forced transatlantic flights to change routes and carry extra fuel Saturday in case they had to be delayed.
Tar pond could become a park
A smelly, toxic blight on Nova Scotia's usually scenic landscape may soon be a great place to have a picnic and catch a show.
TD Insurance drops babysitter from lawsuit
An Alberta teenager who got two children out safely from a fire in 2007 has been dropped from a lawsuit that was revealed on Friday afternoon to have been initiated by TD Insurance.
Canadiens even series with Penguins 2-2
The Montreal Canadiens, given 20 minutes to take advantage of home ice and save what seemed like a season slipping away, had a little luck on their side and turned to their best playoff performer to stay alive.

Airline says banning cash for in-flight payments is ‘all about convenience’
Katz Group begins public consultation
As the Katz Group welcomes the public to an organized Thursday meeting to discuss the proposed arena development, the group has released more images of what it envisions for a downtown arena development.
Bank of Montreal alleges huge mortgage fraudThe Bank of Montreal is suing hundreds of people in Alberta, including lawyers, mortgage brokers and four of its own employees, in what is one of the largest alleged cases of mortgage fraud in Canadian history
MasterCard profit surges 24%
MasterCard Inc. on Tuesday said its first-quarter profit jumped 24 per cent with more shoppers feeling comfortable enough about the economy and their jobs to reach for the plastic again.
No need to halt oil drilling licenses in Canada, says MP
There's no need for a moratorium on new offshore drilling licenses, despite concerns the same ecological disaster in the Gulf Coast could happen in Canada, says the parliamentary secretary to Natural Resources Minister Christian Paradis.
Shaw bets big on content in Canwest deal
If the future for telecommunications providers rests with owning the content that flows over their networks, Shaw Communications Inc. catapulted itself into the pole position in Canada Monday, announcing a $2-billion deal to acquire every TV station and s
Obama does stand-up comedy for a night
U.S. President Barack Obama put aside policy pronouncements for a night and took a stab at stand-up comedy Saturday at the annual White House Correspondents’ Association dinner.
Ford offers up to $3,000 to scrap old cars
Just in time for the peak selling season, Ford Motor Co. of Canada Ltd. announced Friday it will offer between $1,000 and $3,000 to consumers who turn in autos that are seven years or older for recycling and then buy a 2010 company model.
U.S. starts criminal probe into Goldman: source
Federal prosecutors in New York have begun investigating Goldman Sachs Group Inc, raising the possibility of criminal charges against the company or its employees, a source familiar with the situation said Thursday.
B.C. natives fear violence over mine
First Nations chiefs in B.C.'s southern Interior say thousands of their bands' members will use any means they can to stop a major mine in the Chilcotin region.
Green power can't save Vancouver cruise season
The first cruise ship of the season has sailed into Vancouver and plugged into a new eco-friendly power supply, but port officials say fewer ships are calling at the port, despite the improvements.
Mattel gets pass on independent toy safety checksWASHINGTON – The nation's biggest toy maker, Mattel Inc., is getting another exemption on federal safety rules even as smaller companies struggle with testing costs imposed after a rash of Mattel toy recalls in 2007.
GM Could Be in Hot Water With FTC Over Truth in Advertising
General Motors is running ads on all the major networks this week claiming it has repaid its bailout from the taxpayers "in full." But the claim isn't standing up to scrutiny from lawmakers and government watchdogs who have found that the automaker was ab
Canada's biggest exchange faces rivals
For most of its 157 years, the TSX has enjoyed near monopoly status as the place to buy and sell stocks in Canada. A dominant position in the mining sector helped make the exchange the sixth-largest in the world by market capitalization — far larger than
Health Canada employees goofing off onlineDocuments obtained by QMI Agency through Access to Information reveal that civil servants at Health Canada and at Canada's Public Health Agency at times spent the equivalent of three work weeks per month using the Internet for non-work activities.
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