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	RUBRIC NEWS : "ENTERPRISES NEWS"

28 Dec 2009 10:07

Air Canada expects fares to rise in 2010 : Discount airfares won't totally disappear but the airline industry's need to pare financial losses in 2010 will translate into higher fares, says Air Canada chief executive Calin Rovinescu. “It doesn't mean you won't still see cheap fares but you'll have to shop more carefully to find the cheapest fares,” Mr. Rovinescu said in an interview as he reflected on eight months of intense pressure ...

28 Dec 2009 10:02

China Railway, Tongling to Pay C$679 Mln for Canada’s Corriente : China Railway Construction Corp said it plans to jointly bid C$679 million for Corriente Resources Inc., a Canada-based junior mining company, with Tongling Nonferrous Metals Group ...

24 Dec 2009 10:46

Air Canada marketing unethical: U of O prof : A University of Ottawa business professor says an Air Canada marketing tactic is crossing an ethical line. Mike Miles, director of the MBA program at the University of Ottawa, said Air Canada offers frequent flyers, like him, coupons to upgrade their flights to business class. However, travellers have to ...

Canada Rules That Globalive Can Start Wireless Service : The Canadian government ruled that Globalive Communications Corp. can launch wireless service in Canada, reversing a ruling from the country’s regulator. Industry Minister Tony Clement made the ...
11 Dec 2009 10:09

National Bank Faces C$70 Million ABCP Fine, Globe Reports : National Bank of Canada, the country’s sixth-largest bank, may be fined about C$70 million ($66.7 million) by regulators for its role in selling asset- backed commercial paper, the Globe and ...
11 Dec 2009 10:01

07 Dec 2009 09:18

Air Canada gears up to expand service to China : Air Canada said it plans to more flights between China and the two busiest Canadian hubs after Canada received ''approved destination status,'' clearing the way for Chinese group tours to the country. ...

04 Dec 2009 10:04

Air Canada will begin charging for second checked bag : Air Canada will start charging economy-class passengers for a second checked bag on flights between Canada and several key international destinations, the airline said on Wednesday, matching a ...

Royal Bank of Canada Profit Rises on Consumer Lending : Royal Bank of Canada, the country’s largest lender by assets, said fourth-quarter profit rose 10 percent, driven by earnings from Canadian consumer lending and money management. Net income for the period ended Oct. 31 rose to C$1.24 billion ($1.17 billion), or 82 cents a share, from C$1.12 billion, or 81 cents, a year earlier, the Toronto-based bank said today in a ...
04 Dec 2009 10:03

Landore makes "significant" gold discovery in Canada : Canada-focused Landore Resources Ltd said it made a "significant" gold discovery at its Junior Lake property in Ontario and plans to raise money in the first or second quarter of next year. ...
03 Dec 2009 10:13

02 Dec 2009 10:17

Toyota Canada leads the pack : General Motors' decline in Canada deepened Tuesday as Toyota beat the struggling auto giant in monthly sales for the first time. Despite a rocky year for the entire industry, Toyota Canada's sales, including the Lexus luxury brand, jumped in November from the same period last year while GM of Canada posted more losses. ...

Bank of Canada to sell C$2 billion 15-day bills : The Bank of Canada said on Monday it would auction C$2 billion ($1.89 billion) of 15-day treasury bills on Nov. 25. The bills, due Dec. 10, will be issued on Nov. 25. The bank will announce the results by 10:35 a.m. (1535 GMT) on Wednesday. ($1=$1.06 Canadian) ...
23 Nov 2009 10:48

Caisse de Depot May Sell C$8 Billion in Bonds by 2010 : The Caisse de Depot et Placement du Quebec, Canada’s biggest pension-fund manager, plans to sell as much as C$8 billion ($7.6 billion) in bonds in Canada, the U.S. and Europe by the end of 2010. ...
13 Nov 2009 10:13

11 Nov 2009 07:16

Pan American Silver Profit Rises on Metals Output : Pan American Silver Corp., the Canadian silver and zinc producer with mines in Mexico, Argentina and Peru, said third-quarter profit nearly tripled as increased metals output offset lower prices. ...

Royal Bank of Canada, Thomson Reuters: Canada Equity Preview : Shares of the following companies may have unusual moves in Canadian trading. Stock symbols are in parentheses. The Standard & Poor’s/TSX Composite Index rose for a fifth day yesterday, gaining 236.46 points, or 2.1 percent, to 11,486.88. ...
10 Nov 2009 10:15

10 Nov 2009 10:13

GM to boost production in Canada : General Motors Co said on Monday it would invest C$90 million ($85 million) to boost production at a joint venture plant in Canada where it builds two popular crossover utility vehicles. GM also said it would bring back about 150 laid-off workers to the CAMI Automotive plant in Ingersoll, Ontario, a joint venture with Suzuki Motor Corp that has about 2,000 hourly employees. ...

09 Nov 2009 10:10

Air Canada Posts 3Q Profit : A better-than-expected third quarter performance has prompted Air Canada to slightly reduce planned capacity cuts and soften full-year, unit-cost increase projections even though it expects North American economies to remain ...

06 Nov 2009 10:24

Air Canada posts Q3 adjusted loss : Air Canada, the country's biggest carrier, reported a third-quarter loss on an adjusted basis, hurt by lower passenger revenue, and said it does not expect to see a full recovery for another 12 months to 18 months. ...

05 Nov 2009 10:07

Transurban Rejects $6 Billion Offer From Canada Funds : Transurban Group, Australia’s biggest toll road operator, rejected an unsolicited A$6.8 billion ($6.2 billion) takeover offer from Canada Pension Plan Investment Board and Ontario Teachers’ ...

02 Nov 2009 09:38

Exxon Mobil to Pay $231 Million for Oil-Sands Stakes : Exxon Mobil Corp., the world’s biggest oil company, agreed to pay C$250 million ($231 million) for UTS Energy Corp.’s stakes in three oil-sands prospects in western Canada. UTS expects after-tax proceeds for its 50 percent stakes in the leases east of Alberta’s Firebag River to be about C$200 million, the Calgary-based company said today in a statement. ...

Jien Canada Mining continues to push for Canadian Royalties takeover : VANCOUVER, B.C. - Despite opposition from an investment firm, Jien Canada Mining is pushing ahead with its takeover offer for Canadian Royalties Inc. (TSX:CZZ) and urging stock and ...
26 Oct 2009 09:55

Talisman Agrees to Buy RSX Energy for C$94 Million (Update2) : Talisman Energy Inc., the worst performer last year among Canada's nine biggest energy companies, agreed to buy RSX Energy Inc. for more than C$94 million ($92 million) to boost production ...
21 Jan 2008 03:51

24 Dec 2007 04:06

Research In Motion Shares Soar on BlackBerry Sales (Update4) : Research In Motion Ltd. climbed 11 percent in Nasdaq trading after consumer demand for the BlackBerry e-mail phone bolstered sales and profit forecasts. Profit this quarter will rise to between 66 cents and 70 cents a share, the company said yesterday. Sales will increase to as much as $1.87 billion. Analysts in a Bloomberg survey had ...

14 Dec 2007 04:45

Ivernia Lead Exports Require Safety Talks, Union Says (Update1) : Ivernia Inc., seeking to resume shipments of 3 percent of the world's mined lead, will be unable to export the metal from the Western Australian port of Fremantle without further safety ...

Biovail to Pay $138 Million to Settle Investor Suit (Update2) : Biovail Corp., Canada's largest publicly traded drugmaker, agreed to pay $138 million to settle a securities-fraud class-action suit brought by investors. Biovail shareholders claimed the company and some of its officers and directors lied about the effectiveness of the Cardizem LA high-blood-pressure drug when it was introduced in 2003, ...
12 Dec 2007 04:27

28 Nov 2007 05:20

QLT Puts Self Up for Sale as Shares Languish Near Low (Update1) : QLT Inc., the Canadian drugmaker that works with Novartis AG on eye treatments, put itself up for sale after the board said its business plan isn't working. The board is reviewing proposals from several investment bankers and hired Morrison & Foerster, LLP as legal counsel to help the search, the Vancouver-based company said today in a ...

Canadian Natural Plunges on Plans to Cut Spending (Update1) : Canadian Natural Resources Ltd. fell the most in six years after the company said it plans to reduce capital spending by about 27 percent in 2008 because of royalty increases by the province ...
28 Nov 2007 05:07

George Weston Net Falls Less Than Analysts Predicted (Update2) : George Weston Ltd., the parent company of Canada's biggest supermarket chain, said third- quarter profit fell less than analysts anticipated after its Loblaw grocery unit reduced food ...
20 Nov 2007 12:47

Loblaw Says Profit Drops; Stock Falls Most Since 1987 (Update3) : Loblaw Cos., Canada's biggest supermarket chain, reported third-quarter profit that fell more than analysts estimated as the retailer cut prices to lure customers. The stock dropped the ...
15 Nov 2007 12:15

12 Nov 2007 09:25

Magna Signs Agreement to Build Car Factory in Russia (Update1) : Magna International Inc., Canada's largest auto-parts maker, will build a car factory in Russia to profit from surging domestic demand for new vehicles. Aurora, Ontario-based Magna signed a preliminary agreement with Russia's Economy Ministry, an official said by phone in Moscow today, declining to give his name due to ministry rules. ...

Canada's Dollar Falls Fourth Day as Traders Shun Riskier Bets : Canada's dollar declined a fourth straight day as investors sold riskier assets on mounting concern that losses from subprime mortgages will slow global economic growth. Traders pushed the currency to a two-week low. Losses stemming from falling values of subprime mortgage assets may reach as much as $400 billion worldwide, Deutsche Bank AG analysts said ...
12 Nov 2007 09:07

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28 Dec 2009

China Railway, Tongling to Pay C$679 Mln for Canada’s Corriente

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