Canada posts worst monthly job losses in more than four years
OTTAWA (Reuters) - Canada posted its worst monthly jobs loss in more than four years in March, another sign the economy is struggling to cope with weak foreign markets and a strong Canadian dollar. Canada shed 54,500 positions in March, more than wiping out the 50,700 jobs that were added in February, Statistics Canada said on Friday. Market operators had expected a modest gain of 8,500 jobs.
Canada's Flaherty: big March job losses just a snapshot in time
OTTAWA (Reuters) - Canada's job losses in March are disappointing, Canadian Finance Minister Jim Flaherty said on Friday, but he described the broader performance of employment since the global recession as much more positive. "After strong job growth in February I am disappointed with the job numbers announced by Statistics Canada today," Flaherty said in a statement, referring to the loss of 54,500 positions in the month.
Judge approves BofA $2.43 billion settlement over Merrill
NEW YORK (Reuters) - Bank of America Corp
TSX in five-day losing streak on lackluster jobs data
TORONTO (Reuters) - Canada's main stock index capped a five-day losing streak by slumping to its lowest in more than 3-1/2 months on Friday, led by declines in the financial sector, as gloomy Canadian and U.S. jobs data suggested the North American economy could be losing steam. The economic uncertainty weighed on oil prices, which fell to a five-month low, but a rising bullion price took gold shares higher.
BizJet officers charged with bribing Latin American officials
(Reuters) - Two officers of a Lufthansa
Boeing completes 787 Dreamliner test flight for battery fix
NEW YORK (Reuters) - Boeing
Big funds pick sides as Agrium-Jana battle nears climax
TORONTO (Reuters) - Agrium Inc's fierce battle with activist investor Jana Partners could go down to the wire as Agrium's large institutional investors look to be split on who they are backing ahead of a shareholder vote at Agrium's annual meeting next week. The big Canadian fertilizer maker and farm products retailer has been locked in a war of words for months with Jana Partners, a New York-based hedge fund, over the direction the company should take. Jana has named a slate of five nominees for election to Agrium's board and the battle is now set to come to a head at Agrium's AGM on its home turf in Calgary, Alberta, on April 9.
Boeing finishes 787 testing, focus shifts to regulators
NEW YORK (Reuters) - With a successful flight on Friday, Boeing moved closer to proving that a revamped safety system can prevent batteries on its new 787 Dreamliner from catching fire or overheating, and getting back the plane into service. Friday's test flight concludes testing after little more than three weeks, and moves the Dreamliner closer to resuming passenger flights, restarting jet deliveries, and stemming millions of dollars in losses that have piled up at airlines and Boeing since the jet was grounded more than two months ago.
Exclusive: SocGen mulls up to 700 job cuts - union sources
PARIS (Reuters) - French bank Societe Generale
Bankruptcy judge approves MF Global's liquidation plan
NEW YORK (Reuters) - MF Global
Source: http://news.yahoo.com/ca-business-summary-010222419--finance.html
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