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Business

Defence gets special adviser

Public Works Minister Rona Ambrose has appointed an Ontario businessman to help improve Canada's oftentroubled defence-procurement process. Tom Jenkins will be a special adviser and will work with defence contractors to boost competitiveness.

QLT to buy back shares

Eye drug developer QLT Inc said it plans to buy back up to 3.4 million of its shares over the next year as the first step in a plan to return $100 million to stockholders.

Comox airport adds directors

The Comox Valley Airport Commission has appointed Frank van Gisbergen and Susan Toresdahl to its board of directors.
Facebook starts gifts service

Facebook starts gifts service

Facebook is launching a new service called Gifts which, as its name suggests, lets users send chocolate, coffee, socks and other real-life presents to one another. Facebook Gifts was available Thursday to a subset of users in the U.S.

New European plans give TSX big boost

The Toronto Stock Exchange posted a triple-digit rebound as gold hit a sevenmonth high after two of the most indebted European countries outlined new austerity measures. The S&P/TSX composite index added 105.99 points to 12,338.85.

New auto deals boost industry, union claims

The Canadian Auto Workers union says the new collective agreements it has negotiated with the three big U.S. automakers will protect workers by improving the competitiveness of the Canadian manufacturing operations.

Amazon.com offers loans, critics warn of credit risks

Amazon.com Inc. is launching a new business offering loans to some of its online sellers, a move that could boost the growth of its Internet marketplace while exposing it to potential credit risks.

Cogeco plans Montreal centre

Communications company Cogeco Inc. plans to open a data centre in Montreal, an investment that could reach $100 million over 10 years.
Bacon shortage to boost cost in Canada

Bacon shortage to boost cost in Canada

Rising feed costs forcing farmers to sell off herds
B.C. premier renews invite to talk pipelines

B.C. premier renews invite to talk pipelines

Clark wants to meet with Alberta premier