Business

Disgraced Republican says he won't quit race >B6

Enerplus Corp. is selling its stake in private oilsands developer Laricina Energy Ltd. for $141 million. The Calgary-based oil and gas company said the proceeds will be used to pay down debt. Shares in Enerplus rose eight cents to close at $15.

Inter Pipeline Fund's Polaris pipeline system has begun serving Imperial Oil Ltd.'s Kearl oilsands mine, which is expected to start producing by the end of this year.

$137 million owed, collection agencies sought

A takeover of Quebec-based Rona by Lowe's is unlikely in the near future, the head of the U.S. home improvement giant said Monday in remarks that appeared to acknowledge obstacles the proposed transaction faces in Canada.

The Toronto stock market closed little changed Monday amid another round of nervousness about Europe's debt crisis and lower oil and metal prices. The S&P/TSX composite index declined 13.86 points to 12,076.

Dear Mike: I've never been a big fan of RRSPs, but you seem to like them. Tell me why it's still a good idea to put my money into them.

General Motors Co. will recall 249,260 midsize sport-utility vehicles to correct a potential fire hazard, a U.S. government safety agency said.

Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day. Facebook Inc. hit a new low of $18.75 US before bouncing back to $20.01 by the time the stock market closed.

Bank of Canada governor Mark Carney apologized Monday for the way the image of an Asian woman was removed from the initial design for new $100 banknotes, promising to review the bank's internal processes.