Newspaper article The Canadian Press

Business News Advisory

Newspaper article The Canadian Press

Business News Advisory

Article excerpt

Business News Advisory




Here are the CP Business Department's late plans for today. All times Eastern unless otherwise stated. Entries are subject to change as news develops. If you have any questions, please don't hesitate to email Business Editor Lee-Anne Goodman at, Assistant Business Editor Tara Brautigam at, or the department at We can also be reached at 416-507-2138.


Canadian economy shows new signs of life


OTTAWA -- Fresh economic data released Friday showed sturdier-than-expected retail sales and underlying inflation, providing further evidence the economy has started to show some life. A new Statistics Canada report found that inflation remained cool last month at 1.3 per cent as cheaper energy prices -- compared to a year ago -- continued to weigh down the annual rate. Moves National and Business; guard against duplication. 700 words. By Andy Blatchford.


Tentative deal on polluting VW scandal


TORONTO -- A U.S. settlement in the Volkswagen emissions scandal that will see the automaker buy back or repair affected vehicles or compensate their owners will apply to Canadian owners of about 100,000 Volkswagen vehicles as well, VW Canada said. U.S. District Court Judge Charles Breyer announced Thursday that an agreement-in-principle had been reached that addresses the majority of vehicles affected by the ongoing TDI emissions issue. 400 words.


GM stopping production at four plants


OSHAWA -- General Motors is shutting down production at four plants, including its flex line in Oshawa, Ont., for two weeks due to a part supply issue caused by the recent earthquakes in Japan.The automaker said the shutdowns, which start Monday, will also include assembly plants in Spring Hill, Tenn., Lordstown, Ohio, and Fairfax, Kansas. 200 words.


Cameco suspends Rabbit Lake operations

Cameco-Rabbit Lake

SASKATOON -- Cameco is suspending its Rabbit Lake uranium operation in northern Saskatchewan due to poor market conditions.The company announced late Thursday that 500 jobs will be lost at the mine in northern Saskatchewan and about 85 at its U.S. operations, including employees and long-term contractors.


Report: Valeant finalizing contract with Perrigo's CEO


NEW YORK -- The over-the-counter drugmaker Perrigo says it's aware of media reports that its CEO will take the top job at troubled Valeant Pharmaceuticals, but it won't confirm those reports. The Wall Street Journal reported Thursday that Quebec-based Valeant is finalizing a contract with Perrigo chairman and CEO Joseph C. Papa and could announced the hire as early as next week. …

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