Business

Ontario's budget deficit for 2011-12 came in at $13 billion, but the deficit for the current year is still projected to be $14.8 billion. The government used a $700 million reserve built into the budget to help reduce the deficit.

Talisman Energy Inc., which switched CEOs earlier this week, says it plans to wind down its operations in Peru as it was unable to build a big enough resource position there.

The Nova Scotia government is investing $1.2 million to help a rural company set up an artisan distillery. Authentic Seacoast Distilling Company Ltd. will use the money to help pay for a $2.

Shares in drug company Patheon Inc. gained 15 per cent after it reported a third-quarter profit of $15.5 million, up sharply from a year ago, and increased its revenue guidance for the year.

Good ideas and enthusiasm will get a start-up business to a certain point in the high-tech world, though, without money, that idea may not see the light of day.

Day 2 of Experience Tectoria featured an announcement to herald the formal establishment of the B.C. Innovation Council's Acceleration Network, which includes Accelerator Tectoria at VIATeC's offices.

Pump-panicked motorists in Canada might be breathing a little easier after this week's sudden spike in gasoline prices - but experts fear price shocks will continue in coming days as commodity traders speculate about economic stimulus south of the bo

Puratone Corp., the third largest hog producer in Manitoba, has filed for bankruptcy protection, raising alarm bells about a crisis in the hog-producing industry in Manitoba.

1,500 receive warning slips, hundreds more face uncertainty

As I played around with the iPhone 5 on Wednesday, I wondered what the late Steve Jobs would have thought about the latest twist on Apple's bestselling device.