Business

Additional inspectors appointed

B6

The Toronto stock market tumbled more than 150 points Tuesday amid sliding commodity prices as U.S. earnings disappointments and a fresh round of worry centred on Europe's debt crisis reminded investors about flagging global growth.

Royal Bank of Canada announced Tuesday that it will pay a net price of $1.4 billion to acquire the Canadian auto finance and deposit business of Ally Financial Inc., which has been selling international assets in order to repay a U.S.

Tim Hortons has joined other Canadian retailers in adding Interac Flash cards to the number of ways customers can make cashless payments at the counter.

Canadian bank continues to buy U.S. portfolios

The Insurance Corporation of B.C. has a new interim president and CEO. Mark Blucher has been serving as a senior vice-president for the public auto insurer.

Retail sales in Canada rose 0.3 per cent to $39.1 billion in August, Statistic Canada reported Tuesday, disappointing economists even though the numbers met consensus forecasts.

Ottawa is step-ping in with new rules for the largely unregulated prepaid credit card market.

Canadian National Railway is maintaining its earnings growth outlook for 2012 despite anticipating a difficult end to the year due to a weak economy that will be set against last year's strong fourth quarter.