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Thu, 18 Mar 2010 18:55:00 GMT

A woman leaves a Public Mobile Inc. store. THE CANADIAN PRESS/Darren CalabreseThe Canadian Press - MONTREAL - New wireless player Public Mobile is looking to line up customers who want a no-frills service and don't already own a cellphone, the company's chief executive said Thursday as the company opened its first stores in Toronto and Montreal.


Thu, 18 Mar 2010 18:53:00 GMT
The Canadian Press - MONTREAL - Last year's collapse of the North American auto sector caused trade with the U.S. and Mexico to suffer its worst year since the North American Free Trade Agreement went into effect 15 years ago, the U.S. Transportation Department said Thursday.
Thu, 18 Mar 2010 18:52:00 GMT

Mining trucks carry loads of oil laden sand at the Albian Sands oils sands project in Ft. McMurray, Alberta, Canada, on Friday, August 5, 2005. (CP Photo/Jeff McIntosh)The Canadian Press - U.S. motorists are paying the highest prices for gas since October 2008.


Thu, 18 Mar 2010 18:49:00 GMT
The Canadian Press -
Thu, 18 Mar 2010 18:49:00 GMT
The Canadian Press - TORONTO - IBI Income Fund booked $9.2 million in full-year profits in 2009, a drop of 50 per cent compared with 2008 as a result of an increase in expenses.
Thu, 18 Mar 2010 18:48:00 GMT
The Canadian Press - CALGARY - Western Energy Services Corp. (TSXV:WRG) announced Thursday it has closed a deal to acquire Cedar Creek Drilling Ltd. in a share-swap deal.
Thu, 18 Mar 2010 18:47:00 GMT

An investor smiles as he looks at the stock price monitor at a private securities company in Shanghai, China. Hong Kong's Hang Seng dropped 0.3 per cent to 21,330.67 and Shanghai's main index was off 0.1 per cent.(THE ASSOCIATED PRESS/Eugene Hoshiko)The Canadian Press - TORONTO - A continuing Greek debt crisis helped push the Toronto stock market lower Thursday afternoon, with commodity stocks dampened by worries an already shaky global economic recovery could have the wind knocked out of it should EU bailout efforts fail.


Thu, 18 Mar 2010 18:35:00 GMT
Reuters - OTTAWA (Reuters) - Canada took a gloomy look at what could go wrong with the global economy on Thursday, warning of prolonged recession or a new debt-driven crisis unless countries push ahead with promised reforms.
Thu, 18 Mar 2010 18:18:00 GMT

The share price indicator for Macquarie Group is seen in red on the Australian Stock Exchange (ASX) board in central Sydney February 9, 2010. REUTERS/Daniel MunozReuters - NEW YORK (Reuters) - World stocks dropped on Thursday and the euro weakened against the U.S. dollar on renewed worries about Greece, which said it may be unable to solve its fiscal problems if borrowing costs stay high.


Thu, 18 Mar 2010 18:05:00 GMT

David Dodge, the former governor of the Bank of Canada, says Canadians aren't saving nearly enough for retirement, even those who have great company pension plans and solid RRSPs. THE CANADIAN PRESS/Fred Chartrand/fileThe Canadian Press - OTTAWA - Stop buying those lattes or splurging on spring break vacations.


Thu, 18 Mar 2010 17:51:00 GMT
Reuters - ATLANTA (Reuters) - Virgin America, the low-cost U.S. carrier that is partly controlled by British entrepreneur Richard Branson, said on Thursday that it plans to start flights to Orlando, Florida, and Toronto later this year.
Thu, 18 Mar 2010 17:38:00 GMT

The mobile phone 'Desire' by HTC. Taiwan cellphone maker HTC, accused by Apple of infringing on iPhone patents, said Thursday it will 'fully defend' itself against the charges.  Photo:Josep Lago/AFPAFP - WASHINGTON (AFP) - Taiwan cellphone maker HTC, accused by Apple of infringing on iPhone patents, said Thursday it will "fully defend" itself against the charges.


Thu, 18 Mar 2010 17:31:00 GMT
The Canadian Press - VANCOUVER, B.C. - WesternOne Equity Income Fund booked a smaller profit of $1.1 million versus a year ago, as operating expenses increased despite a hike in revenues.
Thu, 18 Mar 2010 17:28:00 GMT
The Canadian Press - TORONTO - Bookworms north of the border shouldn't expect to pay the same prices as their American neighbours if the Canadian dollar hits parity with the U.S. greenback.
Thu, 18 Mar 2010 17:26:00 GMT
The Canadian Press - CALGARY - Canada's oil industry is poised to see profits rise by two thirds this year compared with 2009, thanks to higher crude oil prices, increased oilsands production and lower costs, according to a forecast by a business think-tank.
Thu, 18 Mar 2010 17:24:00 GMT
The Canadian Press - NEW YORK - FedEx says the global economic recovery is broadening, as Asia continues to see strong growth and the U.S. economy gains steam.
Thu, 18 Mar 2010 17:02:00 GMT

British Airways cabin crew arrive for the start of a union meeting to discuss a strike ballot at Sandown Racecourse in Esher, Surrey, in 2009. British Airways and the country's biggest trade union were in last-ditch talks Thursday in a bid to avert a planned strike this weekend by BA cabin crew.  Photo:Adrian Dennis/AFP AFP - LONDON (AFP) - British Airways and the country's biggest trade union were in last-ditch talks Thursday in a bid to avert a planned strike this weekend by BA cabin crew.


Thu, 18 Mar 2010 17:00:00 GMT

Siemens employees demonstrate in the French town of Saint-Chamond in February 2010, against scheduled job cuts by the German industrial giant. Siemens has said it plans to cut around 4,200 jobs worldwide as the group restructures its IT operations.  Photo:Philippe Merle/AFPAFP - FRANKFURT (AFP) - German industrial giant Siemens announced on Thursday a broad restructuring of its SIS information technology division that includes the elimination of 4,200 jobs worldwide.


Thu, 18 Mar 2010 16:59:00 GMT

The Anglo Irish Bank headquarters are pictured in Dublin, Ireland, in 2009. Irish fraud squad detectives arrested a prominent former Irish banker Thursday for questioning about alleged 'financial irregularities', police said.  Photo:Peter Muhly/AFPAFP - DUBLIN (AFP) - Irish fraud squad detectives arrested a prominent former Irish banker Thursday for questioning about alleged "financial irregularities", police said.


Thu, 18 Mar 2010 16:55:00 GMT

A French-made Rafale fighter jet flies during the Dubai Airshow in 2009. All three fighter jets vying to be picked for a multi-billion-dollar contract to supply the Brazilian air force have passed a technical evaluation, news reports said Thursday.  Photo:Marwan Naamani/AFP AFP - BRASILIA (AFP) - All three fighter jets vying to be picked for a multi-billion-dollar contract to supply the Brazilian air force have passed a technical evaluation, news reports said Thursday.


Thu, 18 Mar 2010 16:17:00 GMT

Multi-Link's container terminal at the Kotka port, in southern Finland. Tensions mounted in a Finnish stevedores' walkout that has crippled the country's foreign trade for two weeks as strikers tried to block non-union workers from resuming operations at a port Thursday.  Photo:Raimo Poutanen/AFP AFP - HELSINKI (AFP) - Tensions mounted in a Finnish stevedores' walkout that has crippled the country's foreign trade for two weeks as strikers tried to block non-union workers from resuming operations at a port Thursday.


Thu, 18 Mar 2010 16:15:00 GMT

The logo of Kia Motors. South Korean car maker Kia Motors said Thursday it would build a new engine production facility worth 100 million euros (136.7 million dollars) in Slovakia.  Photo:Stan Honda/AFPAFP - BRATISLAVA (AFP) - South Korean car maker Kia Motors said Thursday it would build a new engine production facility worth 100 million euros (136.7 million dollars) in Slovakia.


Thu, 18 Mar 2010 16:14:00 GMT
Reuters - CALGARY, Alberta (Reuters) - Profit in Canada's oil industry may climb by two-thirds this year as rebounding crude prices and rising output overshadow the impact of higher operating costs, the Conference Board of Canada said on Thursday.
Thu, 18 Mar 2010 16:06:00 GMT

Europe's main stock markets stumbled as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit.  Photo:Ben Stansall/AFPAFP - LONDON (AFP) - Europe's main stock markets stumbled on Thursday as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit, dealers said.


Thu, 18 Mar 2010 16:05:00 GMT
The Canadian Press - GATINEAU, Que. - Canada's private TV networks continued to see their revenues slide last year, while cable revenues went on climbing.
Thu, 18 Mar 2010 15:51:00 GMT

The euro sank against the dollar on stubborn worries over the Greek debt crisis after the nation warned again that it could appeal for aid to the IMF.  Photo:Bertrand Langlois/AFPAFP - LONDON (AFP) - The euro sank against the dollar on Thursday on persistent worries over the Greek debt crisis after Athens warned again that it could appeal to the International Monetary Fund for aid if none is forthcoming from its eurozone partners.


Thu, 18 Mar 2010 15:41:00 GMT

Greek Prime Minister George Papandreou addresses the Special Committee on the Financial, Economic and Social Crisis at the European Parliament in Brussels March 18, 2010. REUTERS/Thierry RogeReuters - BRUSSELS/ATHENS (Reuters) - Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, saying it cannot achieve promised deficit cuts if its borrowing costs remain so high and may have to call in the IMF.


Thu, 18 Mar 2010 15:35:00 GMT
Reuters - OTTAWA (Reuters) - Canada has warned the Group of 20 leading nations of the risk of another global crisis or a deflationary spiral if advanced countries do not rein in budget deficits and emerging markets do not allow for greater foreign exchange flexibility.
Thu, 18 Mar 2010 15:24:00 GMT

People walk by a sign displaying TSX information in Toronto, August 17, 2009. REUTERS/Mark BlinchReuters - TORONTO (Reuters) - Toronto's main stock market index was lower on Thursday morning after touching a 17-month high the day before as concerns about tighter credit in China and doubts about an aid plan for debt-stricken Greece pressured commodity prices.


Thu, 18 Mar 2010 15:22:00 GMT
The Canadian Press - OTTAWA - Canada's strong rebound from recession won't be sustained as headwinds gather to slow growth, according to a new report from the TD Bank.
Thu, 18 Mar 2010 13:50:00 GMT

A Ratiopharm production plant in Ulm, southern Germany. Israel's pharmaceutical giant Teva has said it has signed a deal to buy Ratiopharm for 3.6 billion euros ($4.9 billion).  Photo:Sascha Schuermann/AFP AFP - FRANKFURT (AFP) - Israeli copycat drugs giant Teva made a major stride into Europe on Thursday with the five-billion-dollar purchase of Ratiopharm, formerly owned by a German billionaire who killed himself.


Thu, 18 Mar 2010 13:40:00 GMT
Reuters - TORONTO (Reuters) - Athabasca Potash said on Thursday that its shareholders had voted in favor of global mining giant BHP Billiton's C$341 million ($338 million) cash takeover offer.
Thu, 18 Mar 2010 13:38:00 GMT
The Canadian Press - OTTAWA - Foreign investment in Canadian securities continued to increase in January, reaching $11.8 billion, with debt instruments continuing to attract the bulk of the inflow of funds.
Thu, 18 Mar 2010 13:36:00 GMT
The Canadian Press - MISSISSAUGA, Ont. - Coffee store chain operator Second Cup Income Fund (TSX:SCU.UN) returned to profitability in the fourth quarter and full year of fiscal 2009 despite sliding same-cafe sales, the company said Thursday.
Thu, 18 Mar 2010 13:35:00 GMT
The Canadian Press - WASHINGTON - Consumer prices in the United States were flat last month, as the weak economy limits the ability of companies to charge more for goods and services.
Thu, 18 Mar 2010 12:47:00 GMT

A Canadian dollar, or loonie, sits on top of its American counterpart in Toronto Thursday Sept. 20, 2007. THE CANADIAN PRESS/Adrian WyldReuters - TORONTO (Reuters) - The Canadian dollar traded near a 20-month high on Thursday as it continued its march toward parity with the U.S. dollar, but a lackluster tone in risk sentiment could keep trade sideways.


Thu, 18 Mar 2010 12:41:00 GMT
The Canadian Press - OTTAWA - Canadian residents made 4.2 million trips outside of the country in January, 1.5 per cent fewer than in the previous month.
Thu, 18 Mar 2010 11:15:00 GMT

Greece's Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates. . (THE ASSOCIATED PRESS/Yves Logghe)The Canadian Press - BRUSSELS, Belgium - Greece's Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates.


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