Monday, May 21, 2012
   
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SNEAK PEEK

Official Launch Coming Soon

Tories aim to heighten web-surveillance powers

Geist: Planned legislation threatens privacy, free speech. With the new parliamentary session scheduled to kick off within the next few weeks, two major initiatives will dominate the initial legislative agenda: passing a budget and introducing an omnibus crime bill that contains at least 11 crime-related bills. MORE...

Latest News

Tim Hortons plans to grow U.S. market
Restaurant to add 300 outlets south of the border by 2013. Tim Hortons isn’t content to be Canada’s largest restaurant chain, not when the biggest consumer market in the world lies at its doorstep. 

Are Canadians ditching Facebook?
It had to happen eventually. One out of every 14 human beings presently alive are already members of Facebook.

Bruce Power pulls application to U.S. safety regulator for Great Lakes nuke shipment
A Canadian power company has withdrawn its request for U.S. permission to ship 16 scrapped steam generators with radioactive contents on three of the Great Lakes, saying it wants to consult further with critics of the plan before moving ahead. 

Canada faces big decisions in exchange bid
Canada faces some unpalatable decisions over the fate of the Toronto Stock Exchange — does it allow a foreign takeover, or should it opt for a deal giving the country’s biggest banks a near monopoly position?

TMX will prosper, Canadian bidders say
The bank-led bid to buy the TMX Group Inc. (X-T44.052.305.51%) for $3.6-billion will create a stronger exchange in Canada that is still capable of international growth, the consortium behind the rival takeover offer told analysts Monday.

Loonie falls farther amid lower oil prices
The Canadian dollar declined against the U.S. currency Monday amid lower crude oil prices and speculation about what the Bank of Canada will do about raising interest rates.

Gasoline prices ease slightly
Canadian gasoline prices eased slightly Monday and crude oil prices fell, raising hope that fuel prices might be headed still lower.

RIM recalls 1,000 PlayBooks
Research In Motion (RIM-T41.72-0.20-0.48%) has recalled about 1,000 of its PlayBook tablets due to a faulty operating system — a tiny fraction of the devices expected to be sold this spring but another bump in the BlackBerry maker's shaky transition to a new generation of products.

High global debt will impact Canada: Carney
Canada's fiscal advantage will only go so far in protecting the country against a debt crisis growing in the world's advanced nations and Asia's emerging economic powerhouses, Bank of Canada governor Mark Carney warns.

World Biz News

Sahara casino closes on Vegas Strip after nearly 60 years
The Sahara made its name over six decades in Sin City as a playground and stage for some of the biggest names in showbiz — including the Rat Pack, Don Rickles, Johnny Carson, and Sonny & Cher. Elvis Presley played slots here as he filmed "Viva Las Vegas," and the Beatles stayed while in town to perform a concert. 

IMF chief denied bail on sex assault
The head of the International Monetary Fund must remain jailed at least until his next court hearing for attempted rape and other charges, a judge said Monday.

Obama worth millions, mainly due to book royalties
U.S. President Barack Obama was worth millions of dollars in 2010, mostly due to royalties from the sale of his books, financial disclosure forms showed on Monday. 

Draghi Backed by Euro Finance Ministers as Next ECB President
Euro-area finance ministers put Mario Draghi on track to become the next head of the European Central Bank as the region struggles to contain a debt crisis sparked by ballooning deficits in southern Europe.

Hewlett-Packard CEO Girds for ‘Tough Quarter’
Hewlett-Packard Co. (HPQ) Chief Executive Officer Leo Apotheker told top executives that he’s bracing for “another tough quarter” in the period that ends in July and urged deputies to “watch every penny and minimize all hiring.”

Google in $3bn debut bond sale
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Portugal's 78bn euro bail-out is formally approved
The group, which has been meeting in Brussels, said the loan was to "safeguard financial stability in the euro area and the EU as a whole".

Featured Ink

Pulling the plug on pricey TV bills
Nice: My satellite TV providers don’t know it yet, but this may be the year my husband and I stop sending them their monthly cheque. We’ve agreed that when our favourite shows wrap up this spring, we’re pulling the plug. And if we don’t miss it, we may never go back.

Market Watch

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2 DOW 12,369.38
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3 S&P 1,295.22
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4 NASDAQ 2,778.79
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