Business

Canadian debt loads grew at their fastest pace in two years during the summer, according to a report released Wednesday - an alarming rate given that officials continue to warn consumers that household spending is out of control.

Lamborghini CEO Stephan Winkelmann says the automaker will decide in coming months whether to join other luxury brands and expand into all-terrain sports-utility vehicles.

Potash Corp. is temporarily laying off workers at mines in Saskatchewan and New Brunswick because of a slump in demand. The Saskatoon-based company says the Allan mine in Saskatchewan won't operate between Dec. 16 and Feb. 9. The mine in Sussex, N.B.

The longtime bookkeeper of a small U.S. city pleaded guilty to allegations she embezzled more than $50 million to fund a lavish lifestyle.

A California lawyer is suing Microsoft, claiming the Surface tablet he bought doesn't have all the storage space the company advertised. Andrew Sokolowski says he bought a Surface with 32 gigabytes of storage.

Teck Resources Ltd. will pay a dividend of 45 cents per share on its outstanding Class A common shares and Class B subordinate voting shares on Jan. 2, 2013. The company says this represents a 12.5 per cent increase from the previous dividend.

The B.C. government's all-party finance committee wants the Liberals to stay on course when it comes to keeping their promise to balance the budget next year.

The Toronto stock market sold off Wednesday after U.S. president Barack Obama again insisted that higher tax payments will have to be part of any deal to save the U.S. economy from going over the so-called fiscal cliff at the end of the year.

The Canada Pension Plan Investment Board says it has signed an agreement to significantly expand its logistics real estate portfolio in Brazil.

Walmart Canada says a jury verdict that awarded a former employee more than $1 million is "shockingly unreasonable.