Business

A recent U.S. court decision sheds a little light on the intention behind the Internal Revenue Service's crackdown on its citizens with offshore accounts who haven't filed FBARs or reported worldwide income on their U.S. tax returns.

The Toronto stock market shifted higher Friday as traders focused on concerning data about the Chinese economy. The S&P/TSX composite index closed up 32.76 points at 11,890.

Canadian National Railway is taking a step toward building a potentially lucrative new transportation link for iron ore producers at the Quebec-Labrador border by proceeding with a feasibility study.

Capital region loses 3,000 positions as construction, manufacturing hit

The Canadian Imperial Bank of Commerce says recent crop reports are pointing to a run-up in food prices of about four per cent next year. The bank's chief economist, Avery Shenfeld, said the drought in the U.S.

The Hotel Grand Pacific has received a slew of new awards, rankings and recognition from some of the world's most respected authorities on food, wine and travel. Over the past few months, two U.S.

The Rob Kidd Roadshow is off and running. A master builder of boat tops and canopies on the Lower Island for three decades, Kidd has refurbished a vintage motorhome into a mobile workshop called Big Dog Boat Tops & Upholstery.

Fish processing plants in New Brunswick resumed full operations Friday, one day after a judge ordered an injunction to prevent fishermen from blocking access to the facilities in an ongoing dispute over the import of U.S. lobsters.

Steve Matyas, the president of Staples Canada, will be touring the Victoria and Langford stores on Aug. 22 to raise the profile of charities helping lowincome families who need school supplies.

Chesapeake Energy said it is the subject of a U.S. government investigation over possible criminal antitrust violations related to the purchase and lease of oil and gas properties in Michigan.