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Modest gain buoyed by ECB speculation

The Toronto stock market registered a modest gain Tuesday amid hopes that the European Central Bank will ease the financial crisis by taking steps to reduce the borrowing costs of deeply indebted countries such as Spain and, to a lesser extent, Italy

Telus sets October shareholder vote

Premiums call is rejected

Alberta office sold for $24M

Crestpoint Real Estate Investments Ltd. has acquired a sixstorey office building in Edmonton in a deal it values at more than $24 million.
Shoppers flock stateside in record numbers

Shoppers flock stateside in record numbers

Higher duty-free exemptions for cross-border shoppers helped to attract 91原创s stateside in record numbers in June, analysts and retail groups said Tuesday as Statistics Canada reported 1.9 million overnight trips to the U.S. that month.

Ottawa starts chopper hunt

The federal government has taken a step towards buying up to 24 helicopters for the coast guard. Ottawa has issued a letter of interest for the aerospace sector in order to begin attracting possible contractors for the procurement.

RIM appoints U.K. boss

Research In Motion has made another change in its leadership, appointing a new managing director of its U.K. & Ireland business as it readies the launch of its new BlackBerry 10 operating system.

Canada/World

Disgraced Republican says he won't quit race >B6

Enerplus sells oilsands stake

Enerplus Corp. is selling its stake in private oilsands developer Laricina Energy Ltd. for $141 million. The Calgary-based oil and gas company said the proceeds will be used to pay down debt. Shares in Enerplus rose eight cents to close at $15.

Polaris line's tap turned on

Inter Pipeline Fund's Polaris pipeline system has begun serving Imperial Oil Ltd.'s Kearl oilsands mine, which is expected to start producing by the end of this year.

Ottawa on the hunt for unpaid fines

$137 million owed, collection agencies sought