Business

Canadian National Railway says it plans to close a 224 kilometre-long section of rail line between Moncton and northern New Brunswick unless new business can be found.

The Carlyle Group is buying DuPont's performance coatings business for $4.9 billion in cash, giving it another investment in the automotive and industrial segments.

Canada's biggest banks posted a stunning $7.8 billion of cumulative profit in the third quarter, as consumers maintained their borrowing habits and domestic banking results propped up weakness in some other divisions.

While Scotiabank shares were down Thursday after the bank announced a takeover of ING Direct, at least one credit-rating agency viewed the deal as positive, for ING at least. Scotiabank stock fell $1.30, almost 2.5 per cent, to close at $52.

Planners try to offer lifestyle that will attract residents

The Westhills Land Corp.

A small, sweet P.E.I. innovation is being blasted into space. Island Abbey Foods says its Honibe Honey Drop is going up to the International Space Station as part of the official Canadian Space Agency Snacks for Space competition.

U.S.-based Lowe's has hired an Ottawa lobbyist to help handle its $1.76-billion takeover bid for Rona, which faces staunch opposition from the Quebec government.

Bombardier Aerospace is heading to an airshow in Istanbul next week as it continues to try to land aircraft orders in developing markets such as Turkey, which it views as having "breakout" potential.

Alberta's energy watchdog has approved a proposal by Enbridge to ship more oilsands crude from Fort McMurray to the Edmonton area.