Newspaper article The Canadian Press

Business News as of 5 P.M. ET

Newspaper article The Canadian Press

Business News as of 5 P.M. ET

Article excerpt

Business News as of 5 p.m. ET

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WEDNESDAY, DEC. 24, 2014, 5 p.m. ET

BUSINESS NEWS ADVISORY

Here are the top Business News stories from The Canadian Press as of 5 p.m. All times Eastern unless otherwise stated. Coverage plans are included when available. Entries are subject to change as news develops.

Editors planning holiday editions are advised there will not be a Money Monitor story moving this week or a markets lookahead story moving on Sunday.

Queries should be addressed to the business desk at 416-507-2138. To reach CP Business by email, send messages to business@thecanadianpress.com.

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TOP BUSINESS NEWS THIS HOUR

TSX heads higher in short holiday session

Dollar-Markets

TORONTO -- The Toronto stock market posted a small advance Wednesday amid a shortened, pre-holiday session. The S&P/TSX composite index rose 15.21 points to 14,609.25, pushed up by gold issues. The Canadian dollar climbed 0.06 of a cent to 86.04 cents US. PHOTO.

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Russia's central bank to help companies meet debts

EU-Russia-Economy

MOSCOW -- With inflation showing clear signs of picking up, Russia's central bank on Wednesday launched another initiative to shore up the ruble, offering hard currency loans to help companies and banks service their debts. Stabilizing the ruble, which is one of the world's worst-performing currencies this year following the slide in oil prices and the sanctions imposed on Russia for its involvement in Ukraine, is a priority for Russia's monetary authorities. PHOTO.

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MF Global Holdings to pay $1.21B in restitution

US-CFTC-MF-Global

MF Global Holdings Ltd. must pay $1.21 billion to reimburse customers for losses sustained when the brokerage firm failed in 2011. The Commodity Futures Trading Commission said Wednesday that a New York court required the payment to ensure that claims made of its subsidiary, MF Global Inc., are paid. …

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