Thursday November 27, 2014

National Business

top story

Loonie falls almost a cent, oil below US$70 as OPEC leaves production unchanged

TORONTO - The Canadian dollar plunged almost a full U.S. cent Thursday as oil prices fell below US$70 after the OPEC cartel decided not to cut production....

posted: November 27,2014

National Business

Energy stocks push TSX lower, OPEC rejects production cut to support oil prices

TORONTO - The Toronto stock market was lower Thursday as energy stocks sold off and crude prices plunged to multi-year lows - below US$70 - after the OPEC cartel declined to cut oil production....

Canada's R&D subsidies are too rich, require review: University of Calgary study

CALGARY - Researchers at the University of Calgary's School of Public Policy say Canada needs to rethink its research and development incentives....

OPEC decides to keep its output ceiling unchanged despite crude glut, price plunge

VIENNA - OPEC oil ministers have decided to keep their present output target at 30 million barrels a day, despite an oversupply of crude and plunging prices....

Rio Tinto approves $350-million expansion of its Diavik diamond mine

TORONTO - Rio Tinto has approved a plan to spend US$350 million over four years to expand its Diavik diamond mine in Canada....

Toyota recalls 30K Sienna Minivans due to overhead grips injury risk; Toyo recalls 175K tires

LOS ANGELES, Calif. - Toyota is recalling about 30,000 Sienna Minivans worldwide, saying the 2015 models' overhead assist grips can detach when an air bag deploys....

Tembec stops production at Quebec mill as 650 workers go on strike

MONTREAL - Tembec Inc. (TSX:TMB) has ceased production at its lumber mill in Temiscaming, Que., after workers went on strike late Wednesday....

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