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Magellan warns of 'serious financial difficulty'Magellan Aerospace Corp. said Friday it will be "in serious financial difficulty" if the company cannot attain refinancing on a credit facility and extend a $50-million loan - even as it reversed losses in both the full year and fiscal fourth quarter.
Canada.com Friday, March 27, 2009Feds squeeze out thin surplus for January
The federal government barely recorded a surplus for January, as steep falls in corporate tax and GST revenue were offset by a 3% reduction in program spending.
Canada.com Friday, March 27, 2009Agrium heats up battle for CF Industries
Agrium Inc. has increased its hostile takeover bid for U.S. rival CF Industries Holdings Inc. and turned it into a proxy fight as well.
Canada.com Friday, March 27, 2009CAW questions Chrysler commitment to Canada
The Canadian Auto Workers union has so far failed to strike a tentative deal with Chrysler LLC on a new labour pact, threatening the automaker's bid to win US$2.25-billion in loans from the federal and Ontario governments.
Canada.com Friday, March 27, 2009OSC's Wilson talks up need for single regulator
It would be "irresponsible" to ignore the call to create a single, national stock regulator in the wake of the global financial crisis, said David Wilson, chairman of the Ontario Securities Commission.
Canada.com Friday, March 27, 2009TSX down midday Friday on profit-taking
Stock markets gave a little back Friday at the end of what has been an encouraging two weeks in the midst of troubling times.
Canada.com Friday, March 27, 2009Debate on setting up of single regulator continues
It would be "irresponsible" to ignore the call to create a single, national stock regulator in the wake of the global financial crisis, said David Wilson, chairman of the Ontario Securities Commission.
Canada.com Friday, March 27, 2009Jeff Rubin out, Avery Shenfeld in at CIBC
CIBC World Markets has announced Jeff Rubin, its chief strategist and chief economist, has elected to leave the bank, effective March 31, and will be replaced by senior economist Avery Shenfeld.
Canada.com Friday, March 27, 2009Agrium pushing for a fight at its rival
By launching a nasty proxy fight with CF Industries Holdings Inc., Agrium Inc. is pushing for a shareholder revolt at its rival to try to force it to entertain takeover talks.
Canada.com Friday, March 27, 2009TSX stumbles Friday, up for the week
The Toronto Stock Exchange stumbled Friday, but finished a third-straight week of gains for the first time since May last year -- when the market was building a foundation to peak above 15,000 in June.
Canada.com Friday, March 27, 20091 2
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