Business

The Toronto stock market registered a modest gain Tuesday amid hopes that the European Central Bank will ease the financial crisis by taking steps to reduce the borrowing costs of deeply indebted countries such as Spain and, to a lesser extent, Italy

Premiums call is rejected

Crestpoint Real Estate Investments Ltd. has acquired a sixstorey office building in Edmonton in a deal it values at more than $24 million.

Higher duty-free exemptions for cross-border shoppers helped to attract Canadians stateside in record numbers in June, analysts and retail groups said Tuesday as Statistics Canada reported 1.9 million overnight trips to the U.S. that month.

The federal government has taken a step towards buying up to 24 helicopters for the coast guard. Ottawa has issued a letter of interest for the aerospace sector in order to begin attracting possible contractors for the procurement.

Research In Motion has made another change in its leadership, appointing a new managing director of its U.K. & Ireland business as it readies the launch of its new BlackBerry 10 operating system.

Disgraced Republican says he won't quit race >B6

Enerplus Corp. is selling its stake in private oilsands developer Laricina Energy Ltd. for $141 million. The Calgary-based oil and gas company said the proceeds will be used to pay down debt. Shares in Enerplus rose eight cents to close at $15.

Inter Pipeline Fund's Polaris pipeline system has begun serving Imperial Oil Ltd.'s Kearl oilsands mine, which is expected to start producing by the end of this year.

$137 million owed, collection agencies sought