Canwest declines $10M payment due today

Canwest Global Communications Corp. has declined to make $10 million in debt payments due today, putting more pressure on the Winnipeg-based media company to refinance […]

Mortgage rates: 30-year still rising

Home mortgage rates jumped in the most recent week, pulled higher by rising Treasury yields, according to a report released Thursday.
The average 30-year […]

More than 600 pickup workers opt for Chrysler retirement, severance packages

More than 600 local Chrysler pickup plant workers have accepted voluntary severance and retirement offers, a union official said Tuesday evening.
Tuesday was the […]

Mortgage rescue plan gets lift

WASHINGTON–The White House is attempting to revive a stalled U.S. government foreclosure-prevention program meant to restore equity to hundreds of thousands of borrowers whose home […]

Boeing presses its case for maintaining C-17 production

Boeing Co. leaders say that the U.S. military’s airlift needs are growing and that a Pentagon proposal to halt future orders for the C-17 […]

Mandatory energy audits could change reno plans

Ontario passed a law last week making an energy audit mandatory when selling a home.
Homeowners can get off the hook only if potential buyers […]

AbitibiBowater trims Q1 losses to $218M

MONTREAL–Insolvent forest products and paper producer AbitibiBowater trimmed its first-quarter loss to US$218 million despite a 35.6 per cent drop in sales compared with […]

CPP suffers 19 per cent loss

The Canada Pension Plan suffered losses of almost 19 per cent in its last fiscal year as world stock and bond markets were hammered by […]

Trans-Atlantic airline plan to reap $12B annually

Delta Air Lines Inc., Air France and KLM signed a deal Wednesday to combine two separate joint venture agreements into one to create a […]

Housing market expected to take years to recover

OTTAWA–It will likely be at least four years before home-construction in Canada returns to the level experienced earlier this decade during the boom, a […]