Cheaper gas pushes inflation lower
Canada's annual inflation rate fell sharply in April, from 1.0 per cent the previous month to 0.4 per cent, largely on the back of lower gasoline prices1 year later, Facebook stock remains below IPO price
A year after Facebook's high profile IPO, investors are still skeptical about its prospects and the stock price is wallowing.IRS's integrity at stake in scandal over screening of conservative groups
Unloved in the best of times, the Internal Revenue Service will have to scramble to convince U.S. lawmakers and the public that its intentions were pure, not partisan, when it subjected groups affiliated with the Tea Party movement and other conservative causes to special scrutiny.GM shares close above IPO price for 1st time in 2 years
Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 US for the first time in more than two years. The day wasn't bad for GM's rivals either, with Ford shares closing above $15 for the first time since May 2011 and Toyota, Honda and Nissan all hitting 52-week intraday highs.
AECL to cost $236M more than expected this year
A new report from the parliamentary budget officer shows Atomic Energy of Canada Ltd. continues to be a drain on the public purse and will cost an additional $236 million this year.Bangladeshi garment factories reopen after 4-day shutdown
Several hundred garment factories near the Bangladeshi capital, Dhaka, reopened Friday after a four-day shutdown caused by worker protests over pay and working conditions.