News

Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 US for the first time in more than two years. The day wasn't bad for GM's rivals either, with Ford shares closing above $15 for the first time since May 2011 and Toyota, Honda and Nissan all hitting 52-week intraday highs.

Canada's annual inflation rate fell sharply in April, from 1.0 per cent the previous month to 0.4 per cent, largely on the back of lower gasoline prices

Unloved in the best of times, the Internal Revenue Service will have to scramble to convince U.S. lawmakers and the public that its intentions were pure, not partisan, when it subjected groups affiliated with the Tea Party movement and other conservative causes to special scrutiny.

The European Union wants to ban the refillable olive oil bottles that sit on so many restaurant tables across the continent.

Canadian families are planning to cut back on the amount they spend at the grocery store in the face of rising food prices, a new report from one of Canada's largest banks said Thursday.

Telus has agreed to purchase wireless upstart and rival Mobilicity for $380 million in a deal that still requires the approval of regulatory authorities before it can be finalized.

A study out of the U.K. suggests that while it may provide an initial sense of relief and well-being, over the long-term, retirement is bad for your health, increasing the likelihood of developing depression and at least one physical illness.

Spring seeding is officially underway in the Prince Albert area.

According to this week's crop report, seeding progress is at less than one per cent in the northeast; two per cent in the east-central region.

Provincially, eight per cent of crop has been seeded.

The southwest is the furthest along at 29 per cent.

Dry and sunny weather during the past week has helped farmers a lot.

Statistics Canada says non-resident investors acquired $1.2 billion of Canadian securities in March, led by investment in government bonds.

The average price of a Canadian home inched slightly higher to $380,588 in April, even as a decline in the number of homes sold suggested a modest real estate slowdown is underway.

The federal Competition Bureau has filed an appeal in Federal Court seeking to reverse the dismissal of its case against the Toronto Real Estate Board, which alleged the board was engaging in anti-competitive practices by limiting the kind of information its members can provide to clients.

Mortgage lenders are urging Canada's top financial regulator to exercise caution amid reports that the agency is considering cracking down on terms for uninsured mortgages.