Financial Post - Top Stories

Solve your own problems, ECB's Draghi tells Europe

Thu, 31 May 2012 11:36:24 Z

Europe’s leaders must clarify their vision for the euro quickly to dispel doubts about the currency’s future, ECB President Mario Draghi said today, warning that the Central Bank could not fill the policy vacuum

Morgan Stanley's outlook for the 14 most important commodities in the world

Wed, 30 May 2012 19:51:43 Z

From corn to zinc — An investors' guide to the best and worst commodities as economists forecast further deceleration in the global economy

CGI Group to buy European IT firm Logica for $2.6-billion

Thu, 31 May 2012 11:54:59 Z

The deal will more than double CGI’s annual revenue and number of employees, taking sales to about $10.4 billion and staff numbers to 72,000 in 43 countries

Giant suit hits Chevron Canada

Thu, 31 May 2012 12:20:29 Z

In a staggering twist of the legal system, a massive $18-billion suit over decades old environment accidents in Ecuador has landed on the doorstep of Chevron Corp.'s Canadian operations

National Bank hikes dividend after profit surge

Thu, 31 May 2012 12:25:44 Z

National Bank hikes dividend after profit surge

Why it's time to cut your TSX exposure

Thu, 31 May 2012 11:44:45 Z

Run from risk because there are increasing signs this crisis is going global, warns a RBC strategist

CIBC earnings beat Street

Thu, 31 May 2012 11:17:06 Z

CIBC’s core business in retail and business banking provided $556 million of the net profit, up from $496 million in the second quarter of 2011

CN boss warns Ottawa not to force new rail regulations

Wed, 30 May 2012 20:40:18 Z

As the federal government threatens new regulations this fall, Claude Mongeau, Canadian National Railway chief executive, is urging Ottawa to not interfere in the industry

More Canadians locking in low-rate mortgages, reducing debt

Wed, 30 May 2012 17:03:46 Z

The Canadian Association of Accredited Mortgage Professionals says among the 3.8 million Canadians with a fixed rate mortgage, 14% chose to lock in during the past year

Lionsgate posts fourth-quarter loss, revenue up on Hunger Games release

Wed, 30 May 2012 22:12:15 Z

ionsgate said Wednesday it lost US$22.7-million in its latest quarter as revenue grew 71% from a year ago on the release of the Hunger Games movie

Capital flight may now be hitting all of Europe

Wed, 30 May 2012 17:50:10 Z

Money has been flowing out of periphery eurozone countries like Greece for some time now. But evidence that it is leaving across Europe threatens to dangerously intensify the crisis

Closing Bell: TSX sharply lower amid rising eurozone anxiety, RIM warning of quarterly loss

Wed, 30 May 2012 21:32:23 Z

The Toronto stock market sold off amid growing worries about Spain’s banking sector and the future of tech giant Research in Motion Ltd.

Iceland real estate bubble looms four years after last crisis

Wed, 30 May 2012 18:37:25 Z

Iceland’s crisis-management policies are creating the island’s next property bubble less than four years after its banking meltdown threw the economy into its worst recession

Canada suffers from 'oil sands fever,' a strain of Dutch Disease: Pembina

Wed, 30 May 2012 16:31:34 Z

Thanks to the Pembina Institute, Thomas Mulcair just got more ammunition to wage his battle against the oil sands

Senate delays CP Rail back-to-work bill

Wed, 30 May 2012 19:13:58 Z

Canadian lawmakers in the Senate have opted not to begin debating the legislation that would end the strike at Canadian Pacific Railway until May 31, which means the earliest service could resume is June 1

Led by China, global CO2 emissions hit record in 2011: IEA

Wed, 30 May 2012 19:58:54 Z

China spurred a jump in global carbon dioxide (CO2) emissions to their highest ever recorded level in 2011, offsetting falls in the United States and Europe

Shaw bulks up TV lineup, mum on Web plans

Wed, 30 May 2012 19:49:38 Z

Shaw Media, the owner of Global and a slew of specialty channels, is bulking up its prime-time TV lineup and announced the launch of two new networks, Lifetime and H2

Approval of TMX takeover ‘in final stages,’ Maple Group says

Wed, 30 May 2012 17:27:10 Z

Maple Group Acquisition Corp. spokesman Luc Bertrand said Wednesday the group is in the final stages of securing regulatory approval for its $3.8-billion takeover of TMX Group

Eurozone crisis deepens as Spanish banks thrown lifeline

Wed, 30 May 2012 14:23:53 Z

European Commission throws Spain a lifeline as fresh fears over its banking sector sends shock waves through markets around the world

Oil sands region’s mayor braces for Mulcair visit

Wed, 30 May 2012 16:31:18 Z

Oil sands region’s mayor braces for Mulcair visit

Facebook needs to drop extra 20% to match rivals

Wed, 30 May 2012 15:41:56 Z

Facebook Inc.’s stock, which has already lost US$25-billion in value since its public debut, would have to drop another 20% for its valuation to match other Internet companies

Bearish on RIM — again

Wed, 30 May 2012 14:48:05 Z

Market watchers are increasingly bearish on Research in Motion’s stock after the company said yesterday it likely faces a first-quarter operating loss

Apple CEO says TV is 'intense interest' for company

Wed, 30 May 2012 17:18:20 Z

Apple Inc. Chief Executive Tim Cook said technology for televisions was of 'intense interest' but stressed the company's efforts would unfold gradually

TSX tumbles on fresh eurozone fears, RIM selloff

Wed, 30 May 2012 13:58:28 Z

The Toronto stock market dropped more than 150 points on open amid growing worries about Spain’s banking sector and a selloff of Research in Motion shares

Canadian home prices still rising in most big cities

Wed, 30 May 2012 14:42:14 Z

Canadian home prices still rising in most big cities

Shell tells Canada it must act fast or miss LNG window

Wed, 30 May 2012 14:59:36 Z

Shell tells Canada it must act fast or miss LNG window

Canadian Tire pushes Sport Chek into spotlight

Wed, 30 May 2012 13:21:28 Z

The iconic retailer announced today plans to focus on its most profitable banners — Sport Chek and Atmosphere — by adding 100 stores, while closing or converting others in the next five years

House passes bill to send CP Rail strikers back to work

Wed, 30 May 2012 11:54:34 Z

Back-to-work legislation that will end a week-long strike by CP Rail workers was put on Parliament’s equivalent of a red-eye bullet train

Bombardier weighs U.S. listing, Beaudoin family will not cede control

Tue, 29 May 2012 23:00:24 Z

Bombardier head Pierre Beaudoin says he is seriously considering a U.S. listing once some of the company's current projects, including its new CSeries, gain traction

Rogers expanding TV distribution in bid to attract big advertisers

Wed, 30 May 2012 15:12:01 Z

Rogers Communications has lacked a truly country-wide network that could deliver the size of audiences certain buyers required. The solution? Scale up, and quickly

As Greece teeters, Ireland fears austerity was in vain

Tue, 29 May 2012 17:35:11 Z

The political crisis in Greece and banking woes in Spain now threaten to end the modest Irish recovery

Montreal Chamber of Commerce president makes plea for support of local economy

Tue, 29 May 2012 22:03:41 Z

Michel Leblanc is urging local residents to support the city’s businesses as the ongoing student protests appear to be hurting the economy

Scotiabank trumps expectations but questions remain

Tue, 29 May 2012 22:39:14 Z

Analysis: Peeling back the Bank of Nova Scotia earnings numbers, its clear that, like its peers, Canada’s third biggest bank is starting to feel the pain

Samsung launches Music Hub service in challenge to Apple iTunes

Tue, 29 May 2012 16:47:49 Z

Samsung Electronics started a service that lets users listen to music stored online as the world’s top smartphone maker competes with Apple to win consumers

Shareholders back Glencore takeover of Viterra

Tue, 29 May 2012 18:05:03 Z

Shareholders back Glencore takeover of Viterra

U.S. housing market gets a spring revival

Tue, 29 May 2012 17:16:15 Z

Six years after the housing market began its slide, dragging the U.S. economy into recession, this year’s spring season is shaping up to be the strongest since the crash

Couche-Tard extends Statoil takeover offer

Tue, 29 May 2012 16:39:15 Z

Alimentation Couche-Tard Inc. extended its offer for Norwegian petroleum giant Statoil’s retail operations for a second time Tuesday as it fights to lock up enough shares to execute the friendly takeover

Goodman returns to Paladin Labs as chairman after accident

Tue, 29 May 2012 16:15:22 Z

Seriously injured in a cycling accident 10 months ago, the former CEO’s prognosis for coming back to the specialty pharmaceutical company had been uncertain

Samsung Galaxy S3 debuts as company aims to increase lead over Apple

Tue, 29 May 2012 14:27:30 Z

Samsung Electronics launched its top-of-the-range Galaxy S3 smartphone in Europe today, aiming to outsell its previous model

Home ownership getting less affordable in Canada

Tue, 29 May 2012 12:09:14 Z

The problem will only get worse once the Bank of Canada begins raising interest rates, RBC economists warn