Teachers group wins C$52 billion race for Canada's BCE
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BCE Inc , Canada's largest telecommunications group, on Saturday accepted a C$51.7 billion ($48.5 billion) offer from a group including the Ontario Teachers Pension Plan, and said it would be the largest buyout in Canadian corporate history.
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A tax-break battle has broken out in Canada over millions of dollars in Hollywood film deals, after Ontario boosted incentives for movie makers in a bid to offset pressure from a soaring Canadian dollar.
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OTTAWA (CP) - Profits at Canadian retailers are forecast to rise by nearly one-third this year, according to a report by the Conference Board of Canada.
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A group of Canadian co-workers will finally receive C$5.75 million ($5.75 million) in prize money, three years after their winning lottery ticket was allegedly stolen and cashed in by a retailer.
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TORONTO (CP) - Deploring the lack of opportunities in Canada, the Canada Pension Plan Investment Board is investing &#36;470 million in European and British infrastructure.
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Ottawa has set a price per share of C$64.50 ($50.42) in the sale of its 19 percent stake in Petro-Canada (PCA.TO: Quote, Profile, Research) , as analysts
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By DENNIS BUECKERT  OTTAWA (CP) - Prime Minister Stephen Harper has tossed the opposition parties a gift tied up in political tripwires - a $1.5 billion eco-fund for provinces and territories that depends on passage the federal budget next month.
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Canada&#39;s inflation rate unexpectedly accelerated in November to a 2.4 percent rate, reflecting a jump in prices for new cars, gasoline and houses from a year earlier.
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TORONTO (CP) - Credit Suisse First Boston Canada Inc. has been fined $1.35 million for failing to provide timely reporting of off-market trading of more than nine million shares of BCE Inc.
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MONTREAL (CP) - BCE Inc. is selling most of its minority stake in Manitoba Telecom Services for a total of $578 million, with MTS buying back more than half of the shares and the rest sold on the open market, BCE announced Wednesday.
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Canadian consumer prices unexpectedly fell in June, but that is unlikely to deter the Bank of Canada from raising interest rates in September, analysts said, as the annual inflation rate stayed well above target. Annual inflation held steady at 2.2 percent in June. The core rate, which excludes volatile items like gasoline, jumped back up to Aprilâs four-year high of 2.5 percent, after easing to 2.2 percent in May. âThis is good news for a day, but the Bank of Canada will still continue to hike rates to try to minimize any inflation overshoot,â said Carl B. Weinberg, chief economist at High Frequency Economics.
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In recent years, thousands of the nation's teachers have claimed a deduction of up to $250 on their federal income tax returns for out-of-pocket costs for crayons, construction paper and other classroom supplies.
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Canada won a trade battle with the United States on Monday when the World Trade Organization ruled the Canadian Wheat Board&#39;s practices don&#39;t violate international law, but
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MONTREAL -- For the third quarter of 2004, BCE Inc. (TSX, NYSE: BCE - News News) reported revenue of $4.8 billion, up 3.3% and EBITDA(1) of $1.
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A panel has found that an additional $5.6 billion must be spent on schoolchildren every year to provide a basic education.
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Kopel cites the AP article: Pairat Wihakarat, the president of a teachers union in the three provinces, said more than 1,700 teachers have already asked for transfers to safer areas.
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Canadians are paying more to borrow money for homes, cars and other purchases today after a quarter-point interest-rate increase by the Bank of Canada yesterday was quickly matched by the chartered banks.