Business News

Fed will provide as much as $900 billion in loans to banks

WASHINGTON - The Federal Reserve is increasing the amount of cash loans it will make to squeezed banks in an urgent effort to break through a dangerous credit clog that threatens the economy. The F...

Toronto stock market plummets more than 1,200 points before rebounding somewhat

TORONTO - The Toronto stock market took a stomach-churning drop of almost 1,200 points Monday morning, crashing to a three-year low as panic over faltering economies rose and crude oil prices fell. ...

Teachers' Private Capital buys U.S. cleaning and repair service Aquilex

TORONTO - The Ontario Teachers' Pension Plan is taking over Aquilex Holdings LLC, a major American provider of industrial cleaning and repair services. The pension fund's Teachers' Private Capital ...

Toronto stock market rebounds slightly after plummeting almost 1,200 points

TORONTO - The Toronto stock market took a stomach-churning drop of almost 1,200 points this morning, crashing to a three-year low before rebounding a little amid a global stock-market slump. Panic ...

Cdn Bank economists foresee little growth: 'different from a typical recession

TORONTO - Economists from Canada's Big Five banks are expecting little or no growth in the near future - and they warned Monday the domestic economic gloom could become much deeper. The word "reces...

Toronto stock market plummets more than 700 points on falling crude prices

TORONTO - The Toronto stock market took a stomach-churning drop of almost 1,200 points Monday morning, crashing to a three-year low amid a global stock-market slump as panic over faltering economies r...

Toronto stock market plummets more than 1,000 points on falling crude prices

TORONTO - The Toronto stock market has crashed more than 1,000 points in morning trading amid widespread economic panic topped by falling oil prices. The S&P/TSX composite index fell 1,185.58 point...

Oilexco shares hammered down after up to US$1B financing delayed

TORONTO - Shares in North Sea oil producer Oilexco Inc. (TSX:OIL) slid more than 43 per cent in early Monday trading after the company announced delays in a debt financing. Oilexco said Friday that...

Toronto stock market plummets more than 800 points on falling crude prices

TORONTO - The Toronto stock market is plunging amid a global stock-market slump and falling crude oil prices, which slid below US$90 a barrel for the first time since early February. The S&P/TSX co...

Bank economists foresee little growth: 'different from a typical recession'

TORONTO - Economists from Canada's Big Five banks are expecting little or no growth in the near future - and their gloom could become much deeper. The word "recession" wouldn't describe the deep st...