Business

The Canada Pension Plan Investment Board is taking part in a $890-million US partnership to develop industrial real estate in the United States, the fund's first direct investment in the sector.

Readers of major newspapers in B.C., Alberta and Ontario this week may have noticed a full-page advertisement placed by Calgary-based Enbridge. The statement from the oil giant emphasized the company's "99.

Cuban authori-ties report tourism revenues rose 12.8 per cent in 2011, returning to levels from three years earlier as the key sector recovers from losses due to the global financial crisis.

Mary-Ellen Echle, former general manager of business banking for Island Savings, is joining BMO Bank of Montreal in Victoria.

Businesses near national parks, historic sites and canals run by Parks Canada could be asked to pay fees to help offset upkeep and operating costs.

Rogers can't back claims, feds say

The Toronto stock market closed near its lows of the day on Wednesday as traders began to question whether optimism about Europe's economy might be premature. The S&P/TSX composite index was down 82.46 points at 11,781.

10% drop expected: Scotiabank

McDonald's reported flat sales in July at established restaurants around the world, its worst performance in more than nine years and a signal that a weakening global economy is taking a bite out of mainstream diners' discretionary spending.

Tough economy, more courses competing for fewer players