Canada Business News

REI-UN said Monday it will raise another $100.9-million by issuing new units. The country's largest shopping mall trust will sell 5.5-million units at $18.35 each in a bought deal offering, a slight discount to Monday's closing price of $18.70. While...

Bank of Montreal has agreed to buy Citigroup Inc.'s Diners Club North American franchise, giving the big Canadian chartered bank exclusive rights to issue Diners cards in the U.S. and Canada. BMO said the move will more than double its...

Minn. — A federal prosecutor has asked a jury to hold Minnesota businessman Tom Petters responsible for a massive fraud at his company. In closing arguments Monday, prosecutor Jon Marti said Petters lied on the stand last week when he...

Victoria's new bushfire building code, according to the Black Saturday Royal Commission. In a new report on building standards and bushfire bunkers, tabled in Parliament yesterday, the commission has recommended increased safeguards against bushfire embers in the construction of doors,...

Retail sales in current dollars rose one per cent in September to $34.9 billion, their seventh increase in nine months. Statistics Canada reports the increases were widespread with six of eight sectors showing gains...Retail sales have been rising since the...

The fertilizer wars persisted on Monday as Agrium Inc. vowed to continue its pursuit of CF Industries Holdings Inc., while CF resubmitted its buyout offer to Terra Industries Inc., only to be promptly rejected. "Agrium is emboldened by the overwhelming...