Yahoo! Canada Finance: Finance News

TSX hits 2-week high as risk appetite returns

Reuters - TORONTO (Reuters) - Toronto's main stock index rose to a two-week high on Monday after a pledge from the Group of 20 to pursue economic stimulus measures until recovery is in place...

Mega Brands wins $72-million settlement from Rosens

The Canadian Press - MONTREAL - Mega Brands Inc. (TSX:MB) got some rare good news on Monday, winning a $72-million settlement related to its ill-fated acquisition of the Magnetix line of...

Canada's Flint Energy Services Q3 profit tops market

Reuters - (Reuters) - Canada's Flint Energy Services Ltd reported a better-than-expected quarterly profit as the oilfield services company was able to put a lid on expenses.

Dow hits 2009 high, Wall Street surges on recovery measures

AFP - NEW YORK (AFP) - Wall Street stocks vaulted higher Monday as investor sentiment was helped by a Group of 20 decision to maintain stimulus measures to hasten economic recovery from recession.

Europe singles out France over swollen deficits

AFP - BRUSSELS (AFP) - The European Commission was on a collision course with France on Monday, with a major row brewing over when Paris will have to rein in spending.

Electronic Arts cuts 1,500 across company, cuts 'significant' in Burnaby

The Canadian Press - VANCOUVER, B.C. - Video game maker Electronic Arts is cutting 1,500 jobs, including several at its Canadian operations, as part of a company-wide restructuring.

GM to boost production in Canada

Reuters - INGERSOLL, Ontario (Reuters) - General Motors Co said on Monday it would invest C$90 million ($85 million) to boost production at a joint venture plant in Canada where it builds two...

Electronic Arts acquires social networking games company Playfish for $275 million in cash

The Canadian Press - NEW YORK - As its packaged video games business lags, Electronic Arts Inc. has snapped up Playfish Inc., the creator of popular social networking games such as "Who Has the...

Energy futures rise as a weak U.S. dollar overshadows tropical storm Ida

The Canadian Press - NEW YORK - Oil prices shot above US$80 a barrel Monday as a weakened U.S. dollar created more turbulence in energy markets than a tropical storm heading into the Gulf of...

TSX rises for 5th straight session

Reuters - TORONTO (Reuters) - Toronto's main stock index rose to a two-week high on Monday as a reassuring pledge from the Group of 20 to pursue economic stimulus measures until recovery is in place...