Business

Greater Victoria’s unemployment rate dropped from 6.0 per cent to 5.6 per cent in October, as overall employment increased by 1,400 positions from September, according to figures released Friday by Statistics Canada.

TransCanada Corp. plans to invest about $1 billion US in a new natural gas pipeline in Mexico. The Calgary pipeline giant was awarded a contract to build, own and operate the pipeline by Mexico's federal power company.

Canadians will spend one to two per cent more this holiday season, but an increasing number will check for the best prices online before they head to the mall, a new study suggests.

Teck Resources has submitted a remediation plan to Environment Canada to clean up decades-old toxins that have seeped into the groundwater from its smelter in British Columbia.

Kellogg Co.'s net income edged up in the third quarter, as the breakfast giant benefited from its acquisition of Pringles chips.

The Quebec government has approved the sale of shipbuilder Davie Yards to British-Monaco company Zafiro Marine.

Moscow is reclaiming bragging rights for having Europe's tallest building after losing the distinction for a few months to London.

Engineering firm Rutter Inc. has bought German company OceanWaves for $3.1 million OceanWaves' radar-based technology is used for wave and surface current measurement.

The Fort Street Cafe is preparing to draw the final curtain after six years of serving food and showcasing the city's creative community.

Facebook's stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company. A lock-up period that had prevented such sales expired on Monday. U.S.