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23 Jul 2008 at 10:13pm
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Shareholders suing CIBC over bad loan losses
Disgruntled shareholders have launched a multibillion-dollar lawsuit against CIBC over the bank's bad loans in the U.S. subprime mortgage market

Gas-fuelled inflation rate rises to 3.1 per cent
Canada's annual inflation rate rose to 3.1 per cent in June from 2.2 per cent in May, the biggest one-month increase since September 2005.

Peru declares state of emergency at Canadian mine site
The Peruvian government has declared a state of emergency at the site of a mine owned by a Vancouver company, saying its toxic chemicals are at risk of tainting the capital's water supply.

Oil prices push Husky profit
Husky Energy has reported record second-quarter revenue and profit.

Amazon's Q2 profit up 102%
Business is booming at online retailer Amazon.com Inc., with second-quarter profit jumping 102 per cent to $158 million US from $78 million last year.

U.S. House passes bill to help homeowners, giant mortgage companies
The U.S. House of Representatives has approved a bill to help 400,000 homeowners struggling to avoid foreclosure and allow two giant mortgage companies to get government money.

Oil price falls nearly $4 US
Oil prices slid again Wednesday after a positive U.S. government inventory reports and a rise in the U.S. dollar against the euro.

WestJet suspends credit-card kiosk check-ins amid fraud probe
WestJet Airlines Ltd. said Wednesday it plans to disable the credit-card readers on self-service ticket kiosks at 28 Canadian airports amid an investigation into the kiosks' security.

Roche buys Arius for $191M US
Swiss-pharmaceutical giant Roche signed a deal on Wednesday to buy Toronto's Arius Research Inc. for $191 million US.

40 per cent of recent immigrants send money abroad: StatsCan
About four in ten immigrants who recently arrived in Canada have sent money to family and friends, with the average annual amount totalling about $1,450, Statistics Canada said in a report released...

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