Business

An Opposition politician says the federal government should have stepped in to block the bargain-basement sale of major oil offshore exploration leases in the Arctic to a tiny British company with few resources and even less northern experience.

The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak, according to the Labor Department.

Coal port operator Westshore Terminals Investment Corp. says it has reached an agreement with one of Canada's largest miners to extend their shipping agreement.

Women's clothing retailer Reitmans says it's not worried about Target coming to Canada. Chief executive Jeremy Reitman says they've withstood increased competition from U.S. companies before, pointing to Walmart and The Gap.

Dorel Industries is hoping to grow its bike business with the acquisition of a Quebec-based company's personalized bike fitting system and the title sponsorship of a professional cycling team.

Expansion at Interurban campus will double trades training space

A new report suggests takeover and merger activity in the global mining sector has slowed significantly this year due to lower commodity prices but Canadian companies remain leading deal-makers.

Oak Bay Marine Group president starts succession plan next week

An Ontario judge has certified a $1-billion class-action lawsuit against SNC-Lavalin on behalf of investors who saw the value of their investment in the company plummet following revelations of mysterious payments in North Africa.

The same day shareholders of a Calgary-based energy company agreed to a takeover bid by a state firm from China, Canada's spy agency is warning such purchases can pose a threat to national security.