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<rss version="2.0"><channel><title>Business</title><link>http://www.canadaeast.com</link><description>FOR PERSONAL USE ONLY</description><language>en-US</language><lastBuildDate>Sat, 04 Jul 2009 18:03:02 -0300</lastBuildDate><copyright>Copyright: (C) CanadaEast.com http://www.canadaeast.com/onsite.php?page=copyright</copyright><docs>http://www.rssboard.org/rss-specification</docs><ttl>2880</ttl><image><url>http://www.canadaeast.com</url><link>http://www.canadaeast.com</link></image><item><title>General Motors says sale of Opel to Magna nearing completion</title><link>http://www.canadaeast.com/rss/article/718805</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/dea797b70eb96a316e99f13e622e6a3d</guid><pubDate>Sat, 04 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Negotiations for the sale of General Motors Corp.&#039;s German unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released Saturday.]]></description></item><item><title>Venezuela takes control of Spanish-owned Banco de Venezuela in nationalization</title><link>http://www.canadaeast.com/rss/article/718349</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/1b312ec20a68c96557e7f32601ce29b6</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[President Hugo Chavez&#039;s government has taken control of the country&#039;s third largest bank - Banco de Venezuela.]]></description></item><item><title>Bell installation and repair technicians vote to approve new five-year contract</title><link>http://www.canadaeast.com/rss/article/718326</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/be9dd4b8982db4d7af08d4a6d074c25c</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The union representing 2,500 Bell installation and repair technicians in Ontario said Friday the workers have voted to accept a new five-year contract.]]></description></item><item><title>Most active shares in Toronto on Friday</title><link>http://www.canadaeast.com/rss/article/718190</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/49420756f4decbec75b6dc2e3f675e10</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:]]></description></item><item><title>Net mutual fund redemptions between $1.3B and $1.8B for June, IFIC says</title><link>http://www.canadaeast.com/rss/article/718283</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/efbdd187871eb3c48d0b74ea081d5f7f</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Net redemptions of mutual funds for June were estimated to be between $1.3 billion and $1.8 billion, according to the Investment Funds Institute of Canada.]]></description></item><item><title>Chinese company makes bids for GM's Opel division; alternative to Magna</title><link>http://www.canadaeast.com/rss/article/718284</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/654f07e7e098b9e0aca5ad86d8945427</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[General Motors Corp. confirmed Friday it has received a non-binding offer from a Chinese concern for its Opel division.]]></description></item><item><title>Talks between Air Canada, machinists' union likely to stretch through weekend</title><link>http://www.canadaeast.com/rss/article/718282</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/5951d43321689bea01f54de8d62fb1b3</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Talks between Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will likely continue through the weekend as the airline tries to obtain a wage freeze and pension relief it says it needs to survive the recession.]]></description></item><item><title>TSX Venture Exchange closed at 1,092.96 up 0.38 point</title><link>http://www.canadaeast.com/rss/article/718214</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/193279da6eed6da1177bb60ed6505e36</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The TSX Venture Exchange settled at 1,092.96 up 0.38 point Friday. The volume at 5 p.m. was 84.13 million shares.]]></description></item><item><title>Toronto stock market closes flat on low trading volume; New York closed</title><link>http://www.canadaeast.com/rss/article/286839</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/0e225512f46d585e9b0cf4373c9e46ac</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals sector.]]></description></item><item><title>Market volumes Friday</title><link>http://www.canadaeast.com/rss/article/718187</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/b2c64b80028da1467599e9509dfd4572</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Friday&#039;s trading volume for the major stock market at 4:15 p.m. ET:]]></description></item><item><title>Financial market highlights</title><link>http://www.canadaeast.com/rss/article/718188</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/e9f89df9419a415eac3dbbd033cc095f</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Highlights at the close of Friday&#039;s world financial market trading: Stocks:]]></description></item><item><title>Canadian dollar closed at 86.08 cents US, up 0.04 cent</title><link>http://www.canadaeast.com/rss/article/718186</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/182c910509b8e7abc3e6f3dbe06c6b1e</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The Canadian dollar closed at 86.08 cents US, up 0.04 of a cent on Friday.]]></description></item><item><title>Victoria Square Ventures to provide $3 million for Adaltis CCAA restructuring</title><link>http://www.canadaeast.com/rss/article/718161</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/cd6b1a3829e9dd68bb3251a1fcaee328</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Adaltis Inc. (TSX: ADS) received court protection under the Companies&#039; Creditors Arrangement Act on Friday, providing some hope that the life sciences company can continue operating while it works out a survival plan.]]></description></item><item><title>Oil brokerage reports $10 million loss on unauthorized trading in Brent oil this week</title><link>http://www.canadaeast.com/rss/article/718154</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/15b289712c10b1131faf02461082ab1d</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[PVM Oil Associates, the world&#039;s biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude markets.]]></description></item><item><title>$10 billion plan signed for pipeline that would ship gas from Africa to Europe</title><link>http://www.canadaeast.com/rss/article/718153</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/fd0ecf8ad6ef0284f829e287a24daea3</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Nigeria, Algeria and Niger have signed an agreement to create a $10 billion pipeline that would ship gas across the Saharan desert to Europe, Nigeria&#039;s state oil company said Friday.]]></description></item><item><title>British Airways to cut seats, delay acquiring new planes as recession hits</title><link>http://www.canadaeast.com/rss/article/718132</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/1e5b9fcc3881657d4a0a0d11e11630b4</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers.]]></description></item><item><title>Thomas Cook gold quote: C$1,083 close Friday</title><link>http://www.canadaeast.com/rss/article/718128</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/b203292f9c0c942edab9087de0233735</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Gold was quoted at C$1,083 bid (US$932) and C$1,084 asked (US$933) at the close of trading Friday by Travelex, a major gold and foreign exchange dealer.]]></description></item><item><title>China Investment Corp. to buy stake in Teck for $1.74 billion</title><link>http://www.canadaeast.com/rss/article/717935</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/58538e1cee3095782edc7d1c2cef9d18</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Mining giant Teck Resources Ltd. (TSX:TCK.B) has struck a $1.74 billion private placement designed to lighten its debt load, and its CEO says he hopes the deal will also boost the Canadian company&#039;s relationship with China.]]></description></item><item><title>BG exercises pre-emption bid for Canadian Superior stake in Trinidad gas field</title><link>http://www.canadaeast.com/rss/article/718050</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/84c27fb02d97eda315bd541655ad59b7</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[BG International will exercise its right to buy a 45 per cent stake in a natural gas property off the coast of Trinidad from Canadian Superior Energy Inc. (TSX:SNG), the two companies announced Friday.]]></description></item><item><title>TSX Venture Exchange up 1.73 points to 1,094.31 points at noon ET</title><link>http://www.canadaeast.com/rss/article/718048</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/2abc719da443b74d2cb3f5c8cd25842d</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The TSX Venture Exchange was trading at 1,094.31 up 1.73 points on Friday. The volume at noon was at 60.56 million shares.]]></description></item><item><title>London FT-100 index closed at 4,236.28 up 2.01 points</title><link>http://www.canadaeast.com/rss/article/718047</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/23bafce916b9834e9682b2f256fa0a08</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The Financial Times Index of 100 industrials closed at 4,236.28 on Friday, up 2.01 points.]]></description></item><item><title>Austrian transport operator orders 23 trams from Bombardier</title><link>http://www.canadaeast.com/rss/article/717972</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/31be2bcd220dad1954482ec805480a26</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Austrian transport operator Linz Linien has placed a US$93-million order for another 23 trams from Bombardier Inc. (TSX:BBD.B), the Montreal-based rail and aerospace equipment maker.]]></description></item><item><title>Rising world markets help most Canadian equity mutual funds to solid gains in June</title><link>http://www.canadaeast.com/rss/article/718011</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/e49ae0f8844492ec51250580e151abb6</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[A generally positive performance in world equity markets and a weakening Canadian dollar were key factors in producing solid returns for most Canadian equity funds in June for a fourth consecutive month, Morningstar Canada says.]]></description></item><item><title>Canadian dollar is trading at 86.30 cents US, up 0.26 cent at 11 a.m. ET</title><link>http://www.canadaeast.com/rss/article/718008</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/231afd333ccb598b7823623445c42ff8</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The Canadian dollar traded at 86.30 cents US, up 0.26 of a cent on Friday. The U.S. dollar was trading at C$1.1587, down 0 .36 of a cent.]]></description></item><item><title>Toronto gold quoted at C$1,079 bid in mid-morning trading</title><link>http://www.canadaeast.com/rss/article/706948</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/16b00607d6810debd594689c481589c5</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Gold was quoted at C$1,079 bid (US$933) and C$1,080 asked (US$934) in mid-morning trading Friday by Travelex, a major gold and foreign exchange dealer.]]></description></item><item><title>TSX Venture Exchange is down 0.43 point at 1,092.15 at open</title><link>http://www.canadaeast.com/rss/article/706949</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/b603dc367f767c4a06501e05d9d3d822</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The TSX Venture Exchange stood at 1,092.15 down 0.43 point from Thursday&#039;s close. The volume at 10 a.m. ET was at 13.41 million shares.]]></description></item><item><title>Oil hovers above $66 after weak jobs numbers undermine investor confidence</title><link>http://www.canadaeast.com/rss/article/287032</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/48c11b65fdf38b0eb8882f4b2d922a16</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Oil prices hovered above US$66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling.]]></description></item><item><title>Petro Andina board urges rejection of $400 million Pluspetrol offer</title><link>http://www.canadaeast.com/rss/article/717962</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/9ce05d780985e9de76a0458eddc11749</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Petro Andina Resources Inc. (TSX:PAR) said Friday its board is urging shareholders to reject an unsolicited takeover bid from a private Dutch company.]]></description></item><item><title>Nikkei Stock Average down 60.08 points to close at 9,816.07</title><link>http://www.canadaeast.com/rss/article/717943</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/16df2344876cb9038434c4721a50c277</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The Nikkei Stock Average of 225 issues closed at 9,816.07 down 60.08 points, or 0.61 per cent, on the Tokyo Stock Exchange Friday.]]></description></item><item><title>Hang Seng Index closed at 18,203.40 up 25.35 points</title><link>http://www.canadaeast.com/rss/article/717942</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/74cb1dbe90308e9641b15c884434f9fc</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The Hang Seng Index closed at 18,203.40 up 25.35 points or 0.14 per cent on Friday.]]></description></item><item><title>Financial Times 100-share index is up 11.07 points at midday to 4,245.34</title><link>http://www.canadaeast.com/rss/article/717941</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/038534b4f5d34696c210da9d143f6305</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[At midday on Friday at the London Stock Exchange, the Financial Times 100-share index was trading at 4,245.34, down 11.07 points.]]></description></item><item><title>Canadian dollar opens at 86.32 cents US, up 0.28 of a cent</title><link>http://www.canadaeast.com/rss/article/717937</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/7bd7ec3b3ff9f805f5e47d4c9f3a44d0</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The Canadian dollar opened at 86.32 cents US this morning, up 0.28 of a cent. The U.S. dollar stood at 115.85 cents Cdn, down 0.38 of a cent.]]></description></item><item><title>Most Asian markets sag modestly on grim US jobs report; Europeans shares open lower</title><link>http://www.canadaeast.com/rss/article/717894</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/995edb7135ad97911c55ad5fcd6b41f6</guid><pubDate>Fri, 03 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Most Asian markets fell Friday as a weaker-than-expected U.S. jobs report signalled more pain ahead for the world&#039;s largest economy. European stocks also weakened in early trade.]]></description></item><item><title>Billionaire Warren Buffett gives US$1.25 billion of stock to Gates Foundation</title><link>http://www.canadaeast.com/rss/article/717566</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/114d536b18d728398e60a635cd33b782</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill&Melinda Gates Foundation.]]></description></item><item><title>Aeroplan says a group seeking to file a class action lawsuit against the company</title><link>http://www.canadaeast.com/rss/article/717567</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/9d5f8b07097b9397a988474f44792f49</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Groupe Aeroplan Inc. (TSX:AER) said Thursday that a group is seeking to file a class action lawsuit against the company in Quebec seeking the reinstatement of expired miles.]]></description></item><item><title>Three more banks fail as FDIC seeks stronger rules for buyers of failed banks</title><link>http://www.canadaeast.com/rss/article/717218</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/b6fa19d8a0a42b61640f218511572d61</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Three Illinois banks were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.]]></description></item><item><title>Air Canada's machinists union may vote again on contract to freeze wages</title><link>http://www.canadaeast.com/rss/article/716850</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/bf07688fc8a66b0ed88452a30c8a799e</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will meet Friday after workers narrowly rejected a key labour contract that freezes wages and gives the airline a break on pensions.]]></description></item><item><title>GM left to wait as judge adjourns hearing without indicating ruling's timing</title><link>http://www.canadaeast.com/rss/article/717166</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/2bf1ad0eb5385ca373ddf5b8d0d5e53c</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The judge in the General Motors Corp. bankruptcy case adjourned a three-day hearing without indicating when he will rule on the company&#039;s plan to sell its good assets to a new company.]]></description></item><item><title>Ford Canada leads June auto sales for first time in more than 50 years</title><link>http://www.canadaeast.com/rss/article/716939</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/ca88b4102a6eb0a9bd182b5d140c44da</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Ford (NYSE:F) drove its Canadian auto and light truck sales higher in June as most of its major competitors retreated, resulting in the company rising to the industry&#039;s top spot for the first time in decades.]]></description></item><item><title>Rejection of Navistar offer leaves future of Chatham truck plant in doubt</title><link>http://www.canadaeast.com/rss/article/717164</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/8150ddf44b034d1291ce53fbb775faef</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[The future of the Navistar truck plant in Chatham, Ont., is in limbo following a rejection of the company&#039;s latest offer by members of the Canadian Auto Workers union.]]></description></item><item><title>Most active shares in Toronto on Thursday</title><link>http://www.canadaeast.com/rss/article/717090</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/14a36f9799d8a64332362633b019156b</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:]]></description></item><item><title>Corporate earnings, distributions and dividends declared Thursday</title><link>http://www.canadaeast.com/rss/article/717032</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/1c230c180cb1e9facdf17ba0b32d3c74</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Canadian earnings declared Thursday as of 3:30 p.m.:]]></description></item><item><title>Financial market highlights</title><link>http://www.canadaeast.com/rss/article/717030</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/26d1325f1302ec5a24fdb09b69b8f6b1</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description></description></item><item><title>TSX Venture Exchange closed up 0.61 points to 1,092.58</title><link>http://www.canadaeast.com/rss/article/717031</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/c8b46a9160f2b0b9b3b5c9c3ad74313e</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description></description></item><item><title>Market volumes Thursday</title><link>http://www.canadaeast.com/rss/article/717029</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/90bd9c951eec10b9dc32e664c8bd3ad8</guid><pubDate>Thu, 02 Jul 2009 00:00:00 -0300</pubDate><description><![CDATA[Thursday&#039;s trading volume for the major stock market at 5 p.m. ET:]]></description></item></channel></rss>
