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NB Power to be reassembled

New Brunswick Premier David Alward says new legislation will be introduced this year to reassemble NB Power.

Falling cylinder stops sea oil rig

It will be a couple of days before operations resume aboard an offshore drilling rig off the coast of Newfoundland. Safety officers are trying to determine why a hydraulic cylinder was dropped aboard the Henry Goodrich on Thursday.
Oilsands pipelines fuel Canadian refinery debate

Oilsands pipelines fuel Canadian refinery debate

Observers say it's a low-margin, volatile business not worth pursuing

Cameco buys Australian play

Canadian uranium giant Cameco has purchased one of Australia's largest undeveloped uranium deposits for $430 million US. The Saskatchewan company reached an agreement with BHP Billiton to acquire the Yeelirrie uranium project in Western Australia.

Takeover lifts Canadian miner

Stock in Inter-Citic Minerals Inc. soared more than a third after the company announced it was being acquired by a subsidiary of China-based Western Mining Group in a deal that values Inter-Citic at $250 million. Inter-Citic said Western Mining Co.

Canada Post delivers $10-million loss

Canadians mailed fewer packages through Canada Post in the second quarter, eroding results across most of the Crown corporation's operations, while its courier business Purolator got a boost from more orders sent by e-commerce retailers.

Navistar board ousts CEO

Navistar International replaced CEO Daniel Ustian with former Textron CEO Lewis Campbell on an interim basis, after the truck maker's bet on a new generation of diesel engines failed to live up to promises.

Strike mandate against Big 3

Hourly workers at Chrysler, General Motors and Ford plants in Canada have voted overwhelmingly to go on strike to back their contract demands.

Hertz buying rental rival Thrifty in $2.3B deal

Hertz is onestep closer to its longawaited prize. More than two years after its original bid, it agreed to buy Dollar Thrifty Automotive Group for about $2.3 billion, giving it more ways to attract travellers and expand its international presence.
Housing affordability improves in Victoria

Housing affordability improves in Victoria

Victoria homes still a bargain when compared to Vancouver