Business

Statistics Canada says the average weekly earning for nonfarm payroll employees was $906.68 in July, up 1.1 per cent from the previous month. It says the earnings were also up 4.

Troubled Chinese forestry company Sino-Forest Corp., which has been accused of being a massive fraud, said Thursday that former chief financial officer David Horsley is no longer employed by the firm.

The Bank of Canada is trying to douse speculation that Mark Carney is a potential candidate for the leadership of the Liberal party.

Dave Cockle, Deputy Fire Chief for the District of Oak Bay, has been elected by the Oak Bay Kiwanis Health Care Society to sit as a director on the Pavilion board.

Tomkins, a company jointly owned by Onex Corp. and the Canada Pension Plan Investment Board, has signed a deal to sell its Dexter Axle division to an affiliate of the Sterling Group for $360 million.

Recent heavy rainfall has led to the closure of some shellfish harvesting in Prince Edward Island. Heavy rainfall can contaminate shellfish and increase levels of bacterial shellfish poisoning.

Even though it posted another round of losses and weakened revenue, BlackBerry maker Research In Motion delivered a surprisingly positive second-quarter earnings report on Thursday that wasn't as bad as many analysts expected.

Ottawa's cost cutting measures have put it on a sound fiscal track for the future, but the provinces are left holding the bag, says Canada's budget watchdog.

Jan Lindsay, president of North Island College for the past four years, announced this week she will retire in May. "While this decision has been prompted by my desire to spend time with our rapidly growing cadre of grandchildren ...

Three former Nortel executives manipulated financial records to reap millions in bonuses, keeping the now insolvent tech firm's investors and the public in the dark, court heard Thursday during closing arguments at the high-profile fraud trial.