Bloc Quebecois resurgent: poll
OTTAWA (Reuters) ? The separatist Bloc Quebecois has staged a comeback and is now tied in public support with the federalist party that has the most Quebec seats in the House of Commons, a Harris-Decima poll released on Thursday shows. The Bloc, which wants independence for the French-speaking province of Quebec, had been reduced in the May federal election to four seats from 47. The House has 308 seats, 75 of which are from Quebec.
RIM offers dismal outlook, shares tumble
TORONTO (Reuters) - Research In Motion posted a 27 percent drop in quarterly profit on Thursday and provided a dismal outlook for BlackBerry shipments in its historically strong Christmas period, sending its shares tumbling. RIM's shares shed more than 6 percent in after-hours trade as investors fretted about the weak performance of a line of improved BlackBerry 7 smartphones in the holiday season and the high cost RIM is paying to stick with its poor-selling PlayBook tablet.
TransCanada bets expansion plan will help Keystone
CALGARY, Alberta (Reuters) - Buoyed by renewed pledges of customer support, TransCanada Corp said on Thursday it not only wants to proceed with its stalled Canada-to-Texas Keystone XL oil pipeline but to undertake a $600 million expansion and extension. The company is betting its proposed expansion of the original $7 billion plan to carry Alberta oil sands crude to the Gulf Coast will hammer home Keystone's economic benefits to politicians and trump the environmental worries that have prompted a lengthy delay in its U.S. approval process.
Investor pushes for leadership change at RIM
(Reuters) - An investor at Research In Motion has asked two directors at the struggling Canadian smartphone maker to push for a change in the company's governance. Activist shareholder Jaguar Financial, which has been asking the BlackBerry maker to sell itself in whole or parts, said it wants the roles of the company's chairman and chief executive to be separated.
Keystone XL still ahead of rivals: TransCanada CEO
CALGARY, Alberta (Reuters) - TransCanada Corp still has a big advantage in the race to supply U.S. oil markets with Canadian supplies, despite a year's delay to its $7 billion Keystone XL project, because of the preparation already done, Chief Executive Russ Girling said on Thursday. The company's customers have shown they believe the controversial pipeline is still the best option for expanding Canadian oil sands and North Dakota shale oil production by signing up for more capacity and backing an extension of the line in Texas, Girling told Reuters in an interview.
Exclusive: Business borrowing signals Canadian growth: PayNet
TORONTO (Reuters) - Canadian commercial lending growth accelerated in the third quarter, showing smaller businesses expanded even as Europe's deepening debt crisis rattled investors worldwide, according to a PayNet Inc report. PayNet, which tracks commercial financing to thousands of small and medium-sized companies, said on Thursday its Canadian Business Lending Index rose 6 percent from the second quarter and 13 percent year over year.
Sobeys to buy 250 Shell gas stations in Canada
(Reuters) - Empire Co Ltd's Sobeys grocery chain is expanding its high-margin retail gasoline business in Eastern Canada, announcing plans on Thursday to buy 250 gas stations from Shell Canada. But Empire's shares dropped as Sobeys' gross profit margin fell to 23.91 percent in its latest quarter from 24.73 percent a year earlier. The company said about half the decrease was due to an accounting change.
Parliament approves Wheat Board bill
OTTAWA (Reuters) - Parliament gave final approval on Thursday to a government bill to end the Canadian Wheat Board's 68-year-old grain marketing monopoly, but legal challenges threaten to leave farmers and the grain industry in limbo into the New Year. The Senate easily passed the Conservative government's legislation to end the CWB's monopoly on sales of western wheat and barley for export or milling. It had already passed through the House of Commons and is expected to get royal assent by Friday morning to enable it to become law, effective next August.
Canada seeks a way to limit health-spending increases
OTTAWA (Reuters) - Canada's top finance officials will try at a meeting next week to come to grips with the thorny problem of how to limit the rising costs of the country's universal public health-care system in the face of an aging population. Health care in Canada is a responsibility of the provinces, and since 2004 the federal government has been increasing by 6 percent a year the amount of money it provides them to help pay for the system. It has committed to keep on doing so through 2016, and since 2006 it has increased its annual payments to C$27 billion ($26 billion) from C$19 billion.
Canada set for tamer growth as factories struggle
OTTAWA (Reuters) - Canadian factory sales slumped in October after three months of gains, confirming suspicions the final stretch to the end of the year will see a slowdown from the brisk economic growth of earlier months. Despite the struggling manufacturers, the economy overall in the second half has been stronger than anticipated. The Bank of Canada will likely feel compelled to keep interest rates on hold at 1 percent as a safeguard against any noxious effects from the European debt crisis.
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