Royal Bank loses $50-million

Previously disclosed charge pulls Canada's biggest bank into the red; results meet expectations when the charge is factored out

Canadian dollar on a roll

Loonie tops 90 cents off as U.S. currency loses favour; traders shrug off sketchy Canadian economic picture

WestJet aims to close gap with Air Canada

Larger rival is ‘on the ropes,' CEO says; Alberta-based carrier wants to add 18 new destinations over next four years

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Macquarie snaps up Tristone for $130-million

Acquisition of Calgary-based energy investment bank will give Australian group broader geographic reach


Arctic contains 13 per cent of remaining oil

U.S. Geological Survey also updates natural gas deposits as Canada and its polar neighbours pursue competing claims in the region


Economic data boosts hopes of recovery

Japanese factory output posts biggest monthly gain since 1953; Indian economic growth holds up better than expected


Copper bounces to three-week high

Copper headed for 7.7 percent rise in May, fifth in a row


Oil surges above $65

Crude hits six-month high, riding wave of optimism over economic recovery


Top CPPIB officials take pay cut

Four executives of pension plan investment board saw compensation drop 31 per cent last year


Gold jumps above $970/oz as dollar weakens

Precious metal climbs to firmest level since late February


Black applies to Supreme Court for bail

Lawyer argues that media baron is no flight risk and should be released while court reviews his conviction


Markets set to end May on a better note

Month has been marked by volatility; Currency and oil outlooks pose threats


Summer driving will be cheaper than last year: NEB

Oil prices expected to remain in the $50 to $60 ranges over the next few months, National Energy Board predicts


Fiat boycotts Berlin meeting on Opel

Company's Italian-Canadian CEO calls German government's search for new owner ‘complicated and uneven'


Canadian taxpayers to hold GM shares

Ottawa, Ontario get stake in battered auto maker in return for financing