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Business

FDA advisers favour easing safety restrictions on diabetes pill Avandia, in light of new info

WASHINGTON - Federal health experts are recommending changes to safety restrictions on former blockbuster diabetes pill Avandia, in light of a new analysis suggesting that the drug may not increase the risk of heart attack as previously believed.

Draft legislation would embed eco fees in price tag, overhaul recycling system

TORONTO - Ontario consumers would see eco fees included in the price tag of recyclable products like TVs and computers under proposed legislation introduced Thursday.

Oil rises above US$95 after good jobs signal a day ahead of unemployment report

NEW YORK, N.Y. - Oil rose to a high for the week Thursday after a positive reading on the U.S. job market, as natural gas plunged on a surprisingly large increase in the nation's supplies.

B.C. opposition to Northern Gateway puts focus on west-east pipeline: Alward

FREDERICTON - British Columbia's opposition to the Northern Gateway project puts greater attention on a proposal to build a west-to-east oil pipeline, New Brunswick Premier David Alward said on the eve of a meeting with his Alberta counterpart, Alison Redford.

Toronto stock market adds to losses, traders look to U.S., Canadian jobs data

TORONTO - The Toronto stock market added to a string of losses Thursday with investors cautious ahead of Friday's release of U.S. and Canadian employment data for May.

Stock market ends higher after choppy day; Dow regains 15,000, averts three-day losing streak

NEW YORK, N.Y. - The stock market is ending higher after another choppy day of trading.

Canadian dollar surges as U.S. dollar sells off, commodities mixed

TORONTO - The Canadian dollar surged Thursday as a heavy selloff of the U.S. dollar lifted a variety of currencies.

Nova Scotia premier not fazed by Muskrat Falls opposition as hearings conclude

HALIFAX - Nova Scotia Premier Darrell Dexter says a barrage of criticism from consumer groups during regulatory hearings into the Muskrat Falls project that wrapped up Thursday in Halifax doesn't faze him.

GLV Group shares surge as company swings to a small fourth-quarter profit

MONTREAL - GLV said its restructuring plan is succeeding as it reported its best operating performance in two years, prompting its share price to surge.

CAE sells six flight simulators for $75 million; hires division president

MONTREAL - Flight training and simulator company CAE Inc. says it sold six full-flight simulators to airlines in Azerbaijan and Turkey for $75 million.

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