Business

Higher duty-free exemptions for cross-border shoppers helped to attract Canadians stateside in record numbers in June, analysts and retail groups said Tuesday as Statistics Canada reported 1.9 million overnight trips to the U.S. that month.

The federal government has taken a step towards buying up to 24 helicopters for the coast guard. Ottawa has issued a letter of interest for the aerospace sector in order to begin attracting possible contractors for the procurement.

Research In Motion has made another change in its leadership, appointing a new managing director of its U.K. & Ireland business as it readies the launch of its new BlackBerry 10 operating system.

Disgraced Republican says he won't quit race >B6

Enerplus Corp. is selling its stake in private oilsands developer Laricina Energy Ltd. for $141 million. The Calgary-based oil and gas company said the proceeds will be used to pay down debt. Shares in Enerplus rose eight cents to close at $15.

Inter Pipeline Fund's Polaris pipeline system has begun serving Imperial Oil Ltd.'s Kearl oilsands mine, which is expected to start producing by the end of this year.

$137 million owed, collection agencies sought

A takeover of Quebec-based Rona by Lowe's is unlikely in the near future, the head of the U.S. home improvement giant said Monday in remarks that appeared to acknowledge obstacles the proposed transaction faces in Canada.

The Toronto stock market closed little changed Monday amid another round of nervousness about Europe's debt crisis and lower oil and metal prices. The S&P/TSX composite index declined 13.86 points to 12,076.

Dear Mike: I've never been a big fan of RRSPs, but you seem to like them. Tell me why it's still a good idea to put my money into them.