American Airlines’ parent firm files for Chapter 11
The parent company of the third-largest U.S. air carrier, American Airlines, has filed for court protection from creditors, weighed down by massive debt from years of high fuel prices and…
Stocks rise on strong Black Friday sales
North American markets and the Canadian dollar rose sharply Monday, buoyed by a strong start to the U.S. retail season and new optimism in Europe’s debt crisis. CBC | Business…
How much crazier can Black Friday get?
As reports of shopping-related violence rolled in this week from Los Angeles to New York, experts say a volatile mix of desperate retailers and cutthroat marketing has hyped the traditional…
Rogers tells CRTC to level telecom rules
Any changes to foreign ownership rules should apply equally to big and small telecom players to create a level playing field, says the chief executive of Rogers Communications Inc. CBC…
LIVE: Flaherty calls Europe’s debt woes ‘dire’
Finance Minister Jim Flaherty urged European leaders to find a solution to their debt crisis quickly, or risk further harm to the global economy. CBC | Business News…
Canadian wages plummet
A new report shows real wages in Canada are plummeting, with weekly payroll gains falling to levels not seen since the recession. CBC | Business News…
Nexen reconsiders future in Yemen
Calgary-based oil producer Nexen Inc. said Wednesday it is reconsidering its future in Yemen after the government of the Middle Eastern country shouldered it out of a major oil project.…
Holiday spending to increase and move online
Canadians plan to spend more on gifts this holiday season and an increasing number of those purchases will happen online, a couple of surveys suggested Tuesday. CBC | Business News…
TSX sheds 2% on European gloom
The Canadian dollar has lost almost a cent Monday to trade below 97 cents, and the Toronto Stock Exchange was dragged down by continuing worries about European debt loads. CBC…
VIDEO: Redford hopes Keystone approval possible pre-2013
Alberta Premier Alison Redford believes that the Keystone XL pipeline could still be approved before 2013, despite the U.S. State Department’s insistence that a deal to reroute the line in…
