Business

Dundee REIT announced plans to spin off its portfolio of 86 light industrial properties to a new trust to be called Dundee Industrial Real Estate Investment Trust.

Concern appeared to be muted after Brazilian mining giant Vale SA's postponed a $3-billion potash project in Saskatchewan. Vale said challenging economic times do not make the mine at Kronau, southeast of Regina, feasible right now.

Proposed B.C. facility would be among the world's biggest

Application by accounting firm thrown out

The B.C. Cancer Foundation welcomes Alyssa Grace as senior director of development to lead fundraising activity on Vancouver Island.

New lab results stemming from an investigation into two British Columbia mill explosions this year show that wood dust from both beetle-killed and green wood poses a high risk of explosion. Jeff Dolan, of Worksafe B.C.

After completing a strategic review, Ivanhoe Australia said it will be considering joint venture arrangements for all its projects and is looking to save up to $74 million US in capital expenditure costs over the next two years.

Site will be the new home of plumbing giant

Worsening market conditions could lead to job cuts at BHP Billiton's Australian coal mines, the company said Thursday, as slowing industrial activity in China forces global miners to scale back operations.

The Toronto stock market closed at a 3-1/2 month high Thursday as commodities gained ground in the wake of positive U.S. housing data and continued hopes that central bankers can keep a fragile recovery on the rails.