Business and Economy

Harper Courts China for Canadian Companies

10 Feb 2012

Canadian Prime Minister Stephen Harper, who irked business leaders with his criticism of China when he took power six years ago, is now winning plaudits for seeking deeper ties with Asia’s biggest economy.

Shoppers Drug Mart profit rises with higher sales

9 Feb 2012

TORONTO (Reuters) - Shoppers Drug Mart Corp , Canada's biggest pharmacy chain, said on Thursday its quarterly profit rose along with sales, especially in its non-prescription business, and its shares rose 2 percent. Front-of-store sales, which include over-the-counter medications, cosmetics, food and drinks, rose 5.5 percent in the fourth quarter, outpacing prescription revenue, which was up 2.3 ...

BoE to pump extra £50 bn into economy

9 Feb 2012

The Bank of England on Thursday said it would prop up Britain's faltering economy with an additional £50 billion and keep interest rates at a record-low 0.50 percent as recession clouds hang over the country.