Money

Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an internet icon that had fallen behind the times.

A jobless Canadian IT professional who is collecting employment insurance is upset because he now suspects several recent jobs he applied for went to temporary foreign workers.

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.

Canada's national pension plan gained $21.7 billion in assets in its last fiscal year, a return on investment of better than 10 per cent and more than five times the current inflation rate.

Prime Minister Stephen Harper told an audience in New York City today that the Keystone XL pipeline "needs to go ahead" and he laid out the reasons why it should be approved by the American government.

The first few months of the year were tough for Wal-Mart Stores Inc. The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake business during the three-month period.

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.