The Canadian dollar rose towards the highest in eight months versus its U.S. counterpart following a report showed the nation’s economy growing at its fastest in three years. The currency strengthened for a fourth day, its longest streak of gains forever of February, as gross domestic product grew 0.6 percent in January from the month earlier, the biggest increase since ...

OTTAWA – Bill Morneau has spent a lot of his post-budget time criss-crossing the country to sell the Liberal’s deficit-heavy spending intends to Canadians. Now, the finance minister is taking that same message to the world’s largest financial centres – beginning in New York, and followed by stops in Paris and London. For Canadians, his message is really a familiar ...

Valeant Pharmaceuticals International Inc’s directors and key officers have received a cease-trade order through the securities regulator in the Canadian province of Quebec, around the company’s request, Valeant said on Thursday. In another statement, the Autorit Des Marches Financiers (AMF) said an order against trading shares becomes effective Thursday and it is in place for 15 days. Contained in the ...

MONTREAL –  TransCanada Corp will need to fight just one injunction request related to its Energy East pipeline project after a court ruling Wednesday. An environmental law group, acting on behalf of several organizations, was seeking an injunction to make TransCanada to become subject to Quebec’s Environment Quality Act. But Quebec Superior Court Justice Martin Castonguay ruled the court proceedings ...

Kinross Gold Corp. was upgraded to purchase from hold at TD Securities because the miner seems to being taking a wise approach with its expansion plan for the Tasiast gold mine in Mauritania. Analyst Greg Barnes also raised his price target on the stock to US$4.50 from US$3.50 after Kinross released recent results for its Phase 1 and Phase 2 ...

MONTREAL – Rona shareholders have overwhelmingly approved a $3.2-billion friendly takeover offer from U.S. home renovation chain Lowe’s. More than 99.9 percent of votes cast, representing 70.22 per cent of Rona’s 106.9 million common shares, supported the offer first announced nearly two months ago. The transaction pays Rona shareholders $24 cash per common share – about double exactly what the ...

Canada’s GDP racked up 0.6 per cent development in January, beating expectations and earning rave reviews from economists. “Roaring start,” “most encouraging in recent memory”, “impressively rapid progress” and “flying start” were some of comments around the broad-based growth that’s the strongest since July 2013. It’s not great news for anyone dreaming about an interest rate cut when the Bank ...

OTTAWA – One month of strong economic growth shouldn’t be seen as a pattern of sustained recovery for 2016. But when followed by three straight months of gains at the end of last year, that may tell a different story. Canada’s gross domestic product grew by a nearly three-year high of 0.6 percent in January, much better than the 0.3 ...