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Cenovus to triple amount of crude moved by rail by end of next year
CALGARY - Cenovus Energy Inc. said Tuesday that it plans to massively increase the amount of oil it ships by rail by the end of 2014 as the fates of contentious pipeline projects remain undecided.
National retailer Hudson's Bay Company names Bonnie Brooks to vice-chair
TORONTO - After five years, Bonnie Brooks is handing over the reins of the Hudson's Bay Co. (TSX:HBC) to become vice-chair at the country's biggest department store.
TSX advances, traders hope Fed meeting will shed light on future of stimulus
TORONTO - The Toronto stock market closed higher Tuesday as traders hoped that a two-day meeting of the U.S. Federal Reserve will yield some guidance on the future of the central bank's stimulus measures.
U.S. hedge fund increases its ownership stake in Tim Hortons to 5.5%
TORONTO - A New-York based hedge fund is putting pressure on Tim Hortons Inc. (TSX:THI) to make changes to boost profitability just months after it got a similar request from another U.S. investor.
Stocks rise as market hopes for more support from the Federal Reserve; home building improves
NEW YORK, N.Y. - The stock market is closing higher as investors anticipate that the Federal Reserve will keep programs to support the U.S. economy in place.
RBC analyst says BlackBerry should be profitable this fiscal year
TORONTO - A stronger vote of confidence for BlackBerry's future from analysts at RBC Capital Markets helped the smartphone company's stock rise nearly four per cent on Tuesday.
Loonie down, U.S. dollar up , traders hope for stimulus clarity from Fed meeting
TORONTO - The Canadian dollar closed lower Tuesday while the greenback advanced as the U.S. Federal Reserve started its scheduled two-day meeting on interest rates.
Assisted by basketball, ABC wins prime-time ratings week; NBC takes runner-up slot
NEW YORK, N.Y. - Basketball and talent shows commanded TV viewers' attention last week.
Oil climbs above US$98 a barrel as traders await Fed's monetary policy statement
NEW YORK, N.Y. - The price of oil rose above US$98 Tuesday as traders awaited the latest word on both the Federal Reserve's monetary policy and on U.S. oil supplies.
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