Air Canada's unhappy holidays
Country's largest carrier conducting internal review of how it responded after winter storms led to widespread cancellations and delays


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The Globe and Mail Wed, 7 Jan 2009 00:00
Is it a breakout, or fake out?
A bear market mauling cut the TSX in half in 2008. Quietly, stocks are climbing again on positive momentum, rising more than 20 per cent. Is it a breakout? Or just another fake out?


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The Globe and Mail Wed, 7 Jan 2009 00:00
Corporate tax drops to 19%; more cuts soon?
The federal government has been whittling away at reducing the corporate income tax rate to 15% by 2012 from 22% in 2007. But Scott Hennig, the director of the Canadian Taxpayers Federation said more cuts are expected in the 2009 federal budget on Jan. 27 as the minority conservative government grapples to stay in power

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The Financial Post Fri, 02 Jan 2009 14:02
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Viacom and Time Warner avoid blackout
Viacom Inc. and Time Warner Cable reached an agreement in principle yesterday that avoided a blackout that would have prevented 13 million U. S. subscribers from seeing popular TV shows like Dora the Explorer, right, and The Daily Show with Jon Stewart. The two sides said in a statement they expected to complete details of the pact over the next several days. Viacom wanted Time Warner Cable to pay an extra US$35-million to US$40-million a year for carrying its cable channels, including MTV, Comedy Central and Nickelodeon. Time Warner had refused, saying the economic climate made it impossible to pass along such costs to its customers. Viacom had originally denied Time Warner's request for an extension of the previous terms to allow talks to continue and had threatened to pull its TV networks from Time Warner unless a deal was reached.

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The Financial Post Fri, 02 Jan 2009 14:02
U.S. urges resolution as Russia cuts off gas to Ukraine
Russia cut off the gas to its neighbour Ukraine on Thursday after a contract dispute but increased supplies to other European states to try to reassure customers worried about possible disruption

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The Financial Post Thu, 01 Jan 2009 20:02
Loonie little changed despite oil drop
The Canadian dollar was little changed against its U.S. counterpart on Friday even though crude oil declined as much as 8%.

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The Financial Post Fri, 02 Jan 2009 15:02
New Gold halts output at Brazil mine
New Gold Inc., the Vancouver-based company that produces precious metal in Mexico, Brazil and Australia, halted output at one of its three producing mines because of high production costs.

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The Financial Post Fri, 02 Jan 2009 16:02
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U.S. manufacturing at 28-year low
U.S. factory activity fell to a 28-year low in December, according to an industry report released on Friday that showed a more severe contraction in the sector than expected.

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The Financial Post Fri, 02 Jan 2009 16:02
Ford sales stuck in reverse
Ford Motor Co expects industrywide December U.S. auto sales to drop by some 35% from a year earlier with no sign of a turnaround in the first quarter of 2009.

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The Financial Post Fri, 02 Jan 2009 19:02
GM, Chrysler expected to lead decline in December U.S. auto sales
General Motors Corp. and Chrysler LLC, bailed out by US$13.4-billion in federal loans last month, probably led a decline in December U.S. auto sales that capped the industry’s worst year since 1992.

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The Financial Post Fri, 02 Jan 2009 20:02
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