Telegraph-Journal Business
Loonie cuts both ways
Canadians have complained loudly in recent years about paying more for things at home than in the United States despite a loonie that has been close to, or even higher than, parity with the U.S dollar.
Categories: Business
New software lets Xplornet improve streaming
With the use of a new software tool, Xplornet Communications plans to improve video streaming for customers who use applications like Netflix, Apple TV and YouTube.
Categories: Business
Housing up in Moncton, Fredericton
The New Brunswick housing market remained relatively stable in 2011, with modest growth in Moncton and Fredericton overall for the year.
Categories: Business
Atlantic companies sailed through storms of 2011
Despite a rocky global economy in 2011, Atlantic Canadian companies pulled out of the year in fairly good shape compared to the broader market, according to the Atlantic Canadian Index released by Beacon Securities.
Categories: Business
Ford beats GM for Canadian auto sales crown
Ford Motor Co of Canada (F.N) was Canada's top-selling automaker in 2011 for the second consecutive year, boosted by sales of its popular F-Series pickup truck.
Categories: Business
U.S. shale gas market booms
China's Sinopec (600028.SS) and France's Total SA (TOTF.PA) made major purchases in the U.S. energy sector on Tuesday, pouring US$4.5 billion into deals to buy into booming production from shale rock formations.
Categories: Business
European Central Bank expected to cut rates
Euro zone inflation dropped below 3 per cent for the first time in three months in December, kicking off a slowdown economists expect will revive deflation fears and tempt the ECB to cut rates below 1 per cent for the first time in its history.
Categories: Business
Yahoo nabs PayPal's president as new CEO
Yahoo (YHOO.O) named PayPal President Scott Thompson as its chief executive on Wednesday, hoping the well-regarded Internet technology and e-commerce expert will replicate his success at eBay Inc (EBAY.0) and turn around the struggling company.
Categories: Business
Market gains continue
Canadian stocks on Wednesday clawed their way to a second day of gains in the New Year, as rising U.S. auto and retail sales offset lower-than-expected factory orders and concerns over European bank financing.
Categories: Business
Boeing closing plant
Boeing Co (BA.N) said it would close its Defense, Space & Security facility that employs more than 2,160 workers in Wichita by the end of 2013 as part of a move to cut costs amid a tightening U.S. defence budget.
Categories: Business
Breath analyzer can detect diabetes and kidney failure
John Cormier is quite certain his medical equipment will help shape health care for the better.
Categories: Business
N.B. needs foreign investment
In recent weeks I have been writing in this column about the critical need for a private-sector-led growth model to drive the New Brunswick economy over the next decade.
Categories: Business
Happy new year for Canadian markets
The new year started off with a bang on North American equity markets, which posted strong gains on Tuesday following so-so showings in the last few weeks of December.
Categories: Business
Founders to leave RIM board?
Under intense pressure from a group of shareholders, Research In Motion Ltd. is preparing to unveil a corporate shakeup at the beleaguered BlackBerry maker that could see co-founders Mike Lazaridis and Jim Balsillie relinquish their titles as co-chairmen of the board, according to sources.
Categories: Business
Canadian Pacific dismisses CEO replacement reports
Canadian Pacific Railway Ltd.'s board of directors denied Tuesday that its members had expressed enthusiasm for a plan to replace the railway's current chief executive, Fred Green, with Hunter Harrison, the former head of rival railroad Canadian National Railway Co.
Categories: Business
European debt crisis puts squeeze on IPO market
Volatility in equity markets caused by the European debt crisis made life miserable for companies hoping to raise capital in 2011, driving the value of new Canadian stock issues to the third lowest level in the past decade, according to a report Tuesday from PricewaterhouseCoopers.
Categories: Business
Reports of U.S. greenback's demise exaggerated
Moves by the United States Federal Reserve to flood the world with American dollars are doing little to dent the currency's value, bolstering the appeal of U.S. assets at a time when the government needs the support of foreign investors the most.
Categories: Business
Sears names retail vet new merchandising chief
Sears Holdings Corp named former Brookstone Inc. chief executive Ron Boire as its chief merchandising officer as it tries to tackle criticism that it did not have enough executives with retail experience to turn around the struggling chain.
Categories: Business
$7.6 trillion world debt
Governments of the world's leading economies have more than US$7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.
Categories: Business
Fed to publish rate path forecasts
Federal Reserve officials will for the first time make public their own forecasts for the federal funds rate at their Jan. 24-25 meeting, according to minutes from last month's Federal Open Market Committee released Tuesday.
Categories: Business