TORONTO, Cananda - Royal Bank (TSX:RY) will bid its longtime CEO farewell next summer as Canada's largest bank charts the path for its future, which may include an end to extremely low interest rates.
Dec 05, 2013 08:30 am | David Friend, The Canadian Press
WASHINGTON - U.S. factories received fewer orders in October, as aircraft demand fell and businesses cut back on computers. The decline suggests companies were hesitant to invest during the 16-day partial government shutdown.
Dec 05, 2013 08:30 am | Josh Boak, The Associated Press
CINCINNATI - Kroger's net income fell nearly 6 per cent during the third quarter, partly on the costs from the pending acquisition of Harris Teeter.
Dec 05, 2013 08:15 am | The Associated Press
OTTAWA - A new analysis of Canada's key trading firms suggests they are increasingly optimistic about the prospects for boosting exports to the rest of the world, which the Bank of Canada calls the missing piece in the country's economic recovery.
Dec 05, 2013 08:30 am | The Canadian Press
EDMONTON - Capital Power Corp. (TSX:CPX) and Enmax Corp. plan to jointly develop a two-unit gas-fired power plant west of Edmonton, near the site of the existing Genesee coal-fired operation.
Dec 05, 2013 08:15 am | The Canadian Press
TORONTO - The Toronto stock market was lower Thursday amid a mixed bag of earnings from three of Canada's big banks while concerns about what the Federal Reserve will do with a key stimulus measure grew in the wake of more positive economic data.
Dec 05, 2013 08:15 am | Malcolm Morrison, The Canadian Press
FRANKFURT - The European Central Bank kept its key interest rate unchanged on Thursday even though the recovery has weakened in the 17-country euro currency union.
Dec 05, 2013 08:00 am | David Mchugh, The Associated Press
WASHINGTON - The U.S. economy grew at a 3.6 per cent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and hold back growth.
Dec 05, 2013 08:15 am | Martin Crutsinger, The Associated Press
TORONTO - The Canadian dollar was higher Thursday amid a string of solid U.S. economic news this week and rising oil prices.
Dec 05, 2013 07:30 am | Malcolm Morrison, The Canadian Press
WASHINGTON - The number of Americans applying for unemployment benefits tumbled 23,000 last week to 298,000, nearly a six-year low that shows companies are laying off fewer workers.
Dec 05, 2013 07:30 am | Josh Boak, The Associated Press