Business

Major acquisition activity in the Canadian oilpatch helped push the Toronto stock market higher Wednesday. The S&P/TSX composite index closed up 53.55 points to 12,461.

In Canada, new Surface will sell for $519, $619 and $719

The Toronto stock market made an enthusiastic gain on Tuesday as commodities prices strengthened alongside a round of U.S. earnings reports that gave traders further confidence. The S&P/TSX composite index rose 177.74 points to 12,407.

Industry Canada plan to revamp program favours banks: CFIB

A&W Revenue Royalties Income Fund's pool of burger restaurants has begun to show signs of improvement, although sales of older locations continued to decline compared with a year earlier - only at a slower pace.

Harry Winston Diamond Corp. says the 2012 production target for the Diavik mine has been reduced to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.

Statistics Canada says manufacturing sales rose 1.5 per cent to $49.5 billion in August, the highest level since March 2012. The gains mainly came in higher sales in the petroleum and coal products, and vehicle industries.

The EnStream joint venture set up by Canada's three largest mobile phone companies is selling its Zoompass mobile wallet business. It says Paymobile Inc.

Port Alberni firm uses aerospace technology to repair composites

Canadian Pacific (TSX: CP) has appointed members of a senior operations team to oversee new service plans as part of an overhaul of operations following a bruising shareholder battle that saw a new CEO installed earlier this year.