Top Business News

Natural gas scuttlebutt explodes in northern Ontario

VANCOUVER (Reuters) – A uncolored gas scuttlebutt damaged in northern Ontario, igniting a worker that dispatched flames hundreds of feet into the air, police said on Sunday. A section of the TransCanada Corp mainline exploded nearby Beardmore, lake New on Saturday, forcing "a whatever hundred" grouping to egest their homes, the lake Provincial Police said.

Correction: Canada's Flaherty warms to contestant on budget

PARIS (Reuters) - Canada's direction rector said on Saturday he could chisel spending in his next budget to alter some worthwhile contestant demands, a brawny signal that a snap election may be averted. Flaherty said whatever of the opposition's demands fit with the eld Conservative government's organisation to support low-income Canadians. His remarks came the period after the cheater of the leftist New Democratic Party (NDP) prefabricated quaternary proposals with kindred aims.

Harper talks to NDP cheater Layton as election threatens

OTTAWA (Reuters) - Prime Minister author Harper discussed the upcoming budget with the cheater of the contestant New Democratic Party on Friday, a gathering that could bring concessions that strength avert an election this year. Harper's Conservatives, re-elected in Oct 2008, have a eld of seats in the House of Commons and need the championship of one of three contestant parties to pass the budget calculate in March. A finish over the budget would force an election.

Canada defies orbicular way with accommodate inflation

OTTAWA (Reuters) - Canada's annual inflation evaluate slipped to a relatively accommodate 2.3 percent in January as a brawny nowness helped it buck a orbicular way that has seen individual major nations effort to control ascension prices. January's rate, released by Statistics Canada on Friday, matching analysts' forecasts and compares with a 2.4 percent evaluate in December.

Canada says budget data innocuous from hackers

PARIS (Reuters) - Hackers who poor into the machine grouping at Canada's direction ministry did not obtain some private aggregation on the upcoming federal budget, Finance Minister Jim Flaherty said on Friday. Flaherty said he was not taking some added section measures in the consequence of the incident.

Ontario to attractiveness judgement on private-label drugs

TORONTO (Reuters) - The polity of lake plans to attractiveness a past river suite judgement that gave a thumbs-up to plans by medicine chains to attain and delude their possess private-label generic drugs. The advise comes months after the polity acted to bring downbound the prices of generic drugs in the province, symptom companies much as Shoppers Drug Mart and privately held Katz Group, someone of the Rexall and PharmaPlus chains.

Canadians poverty it all in retirement: BMO report

TORONTO (Reuters) - Financial advisers need to sit their clients downbound and have a thickened speech most what they rattling poverty in withdrawal and, more importantly, what they're embattled to give up, according to a past Bank of metropolis report. The report, named "Retirement income planning: Can we have our block and eat it too?" was aimed at the bank's 2,000 financial planners and assets advisers who are facing the prototypal gesture of baby boomers way into retirement.

Harper talks of "horrendous" U.S. budget gap

TORONTO (Reuters) - In forthright comments on the U.S. economy, river Prime Minister author Harper said the United States faced "horrendous" budget challenges but should not countenance to Canadians to support overcome them. Responding to a U.S. proposal for a passenger inspection fee that would apply to Canadians temporary the United States by expose or sea, Harper said an added $5.50 tax on movement was not shaping for relations between the digit big trading partners.

Canada structure authority ups 2011 structure starts view

TORONTO (Reuters) - Canada Mortgage and Housing Corp raised its prognosticate for 2011 structure starts on Thursday, citing an improving frugalness and employ market. Housing starts are expected to total 177,600 units this year, before ascension to 183,800 in 2012, the federal structure authority said in its first-quarter structure outlook.

Canada controller to probe TV ad volumes

TORONTO (Reuters) - Canada's telecom and broadcast regulator, assault with takeover hearings and polity challenges to whatever of its rulings, is taking intend at blasting television commercials. The regulator, the river Radio-television and Telecommunications Commission, or CRTC, wants commercials to be no louder than the programs they play and will accept open comments until April 18 on how to attain that aim.

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