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Staples: Toronto Maple Leafs cooking up deal with Edmonton Oilers for seventh pick?
Sportsnet’s Nick Kypreos is raising the possibility of the Edmonton Oilers trading their 7th overall pick in return for a Toronto Maple Leafs defenceman.
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2 ex-BP employees face new indictments in federal probe of massive Gulf oil spill
NEW ORLEANS – Justice Department prosecutors secured new indictments Wednesday against a former BP engineer and a former BP executive charged separately with obstructing probes of the company’s 2010 oil spill in the Gulf of Mexico.
Canadian economy may see turn of fortunes in second half of 2013
If there is going to be a significant and extended recovery in the global economy, it will need to continue forming in the second half of this year and solidify in 2014
White House officials at meeting on harmonizing Canada-U.S. trade regulations
White House officials will be at the Canadian embassy on Thursday to discuss a joint Canada-U.S. initiative feared to be on life support in recent months — the Regulatory Co-operation Council, aimed at harmonizing trade regulations to ease cross-border trade between the world’s two biggest trading partners.
U.S. stocks sink and bond yields rise after Bernanke says Fed could slow its bond purchases
NEW YORK, N.Y. – Stocks are closing sharply lower and bond yields are rising after Fed Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year.
Red Wings, Detroit officials plan new $650 million home for NHL team in downtown sports zone
DETROIT – The Detroit Red Wings and city officials on Wednesday announced a $650 million plan for a new arena development for the NHL team in Detroit’s downtown entertainment and sports district.
Bernanke declines to address his future at the Fed, says he wants focus to be on policy
WASHINGTON – Ben Bernanke declined Wednesday to address speculation that he will step down as chairman of the Federal Reserve in January when his term ends, saying he wanted to keep the attention on Fed policy.
Imperial Oil to close N.S. refinery after failing to find buyer
Imperial Oil Ltd. says it will convert its refinery in Dartmouth, Nova Scotia to a terminal facility after it was unable to attract a buyer for the plant.
Fed sticks with bond purchases but offers brighter outlook for the economy
Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve.
Loonie up, Poloz tells business to start spending, traders look to Fed statement
TORONTO – The Canadian dollar was higher Wednesday as the new governor of the Bank of Canada used his first major speech since taking over to call on business to show confidence and start spending.