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Business

Ontario to open Alberta office

The province of Ontario has gone from criticizing the oilsands to opening a trade office in Alberta to capture their economic benefits.

AuRico shares higher on sale

The head of AuRico Gold says selling off its troubled Ocampo mine and other assets for $750 million will help it reduce debt, fund development and return cash to shareholders.

Name change for two eateries

Applebee's restaurants will no longer operate in British Columbia, but two of the former restaurant chain's locations remain open for business - without the name - in Courtenay and Port Coquitlam.

Bauer to buy uniform maker

Bauer Performance Sports Ltd. has signed a deal to buy team-uniform maker Inaria International for $7 million. The hockey and lacrosse equipment company said the deal will help expand its business to include uniforms.

India auto sales forecast cut

Car sales in India may grow just one per cent this fiscal year, down from a July forecast of around 10 per cent as the economy falters, says the Society of Indian Automobile Manufacturers.

Telus acquires records firm

Telus Corp. is acquiring a Quebec-based provider of electronic medical records. The financial terms of the deal with privately held Kin-Logix were not disclosed.

Tourism group up for awards

Tourism Victoria has been nominated for two awards by the Tourism Industry Association of Canada. The destination marketing organization is a finalist for the social media initiative of the year award and the small or medium-sized business award.

Beware of bad airbags in U.S

U.S. safety regulators warned consumers their repaired vehicles may contain air bags that fail to inflate during an accident. Vehicles that had an air bag replaced over the past three years may be at risk, officials said.

Enbridge grilled on pipeline leaks

Until oil flows, there's no way of knowing

EBay takes on groupon

EBay Inc. has been quietly testing an online marketplace for deals on local services, expanding into a multibillion-dollar market currently led by Groupon Inc.