Business

Bank of Canada governor Mark Carney has some blunt advice for Canadian companies sitting on piles of cash - give it back to shareholders.

The Vancouver company working to buy an idled Nova Scotia paper mill is arguing that its municipal tax bill should be about one sixth of what it is currently expected to pay. Pacific West Commercial Corp.

Mother Nature's a dream for local ownership

Tillicum, Saanich stores planned

Dozens of independent merchants who operate 164 Rona stores across Canada have written to the head of Lowe's Companies, saying they are opposed to the U.S. retail giant's $1.76billion takeover bid for the Quebec-based home improvement retailer.

Proponents of a multibillion-dollar natural gas pipeline in the Northwest Territories will have to decide whether to go ahead with the project without deeper financial backing from the federal government.

Shares in Vecima Networks surged 30 per cent Wednesday after the Victoria-based technology company announced it had retained a financial adviser to explore "strategic alternatives," including a possible merger or the sale of assets.

Ian Irvine has been hired as chief financial officer and director of financial services for the Township of Esquimalt. He starts the position, which has been vacant since March, on Sept. 10.

The prime minister wants to simplify rules around resource development in the North in the same way changes were made for projects in the rest of Canada.

Councillor says company must learn lessons