Canada News Headlines

TORONTO (Reuters) - Three former executives at bankrupt Nortel Networks reached into the "cookie jar" a decade ago to enrich themselves, prosecutors said, opening a fraud trial that dredged up memories of one of the most spectacular casualties of the 1990's dot-com bubble. The trio - former Chief Executive Frank Dunn, former …

OTTAWA (Reuters) - Iran's threat to block the main oil shipping route out of the Gulf points to why the United States should approve the Keystone XL pipeline from Canada to Texas, Canadian Prime Minister Stephen Harper said on Monday. "I think it's pretty obvious what the right decision is ... not just from an economic …

OTTAWA (Reuters) - The government will avoid bringing down an austerity budget this year, because of tough economic times globally, Finance Minister Jim Flaherty said on Monday. Canadians have been taken aback by what has happened to Greece, Italy and Portugal, and the downgrading of France's credit-rating, Flaherty told …

OTTAWA (Reuters) - Canadian police have charged a military official with leaking government secrets to a foreign entity, the first case in recent memory of a Canadian facing espionage charges at home. The Royal Canadian Mounted Police said it was not aware of any threat to public safety as a result of the alleged offenses …

TORONTO (Reuters) - Ontario's economy expanded modestly in the third quarter, overcoming a slight decline in the prior quarter and steering Canada's manufacturing heartland further away from the threat of another recession. An Ontario government report released on Monday showed the economy of Canada's most populous province …

WASHINGTON (Thomson Reuters Point Carbon) - The Canadian government's withdrawal from the Kyoto Protocol is illegal, alleges a suit to be filed in federal court by a law professor and former Canadian MP on Friday. Daniel Turp, professor of law at the University of Montreal and former MP of the Bloc Québécois party, said …

(Reuters) - WestJet Airlines Ltd is mulling the launch of a regional airline, using a fleet of turboprop aircraft to serve smaller markets in Canada, marking a departure from its successful low-cost strategy and presenting a new challenge to bigger rival Air Canada. WestJet, Canada's No.2 carrier, said on Monday it may …

LITTLETON, New Hampshire (Reuters) - Dixville Notch, a tiny hamlet whose early presidential primary returns have helped to dash the hopes of some White House contenders, has upended the power plans of a giant utility consortium. An environmental group has raised enough money to purchase the conservation rights to 5,800 …

TORONTO (Reuters) - Canada will plug a loophole in its marriage laws that left foreign gay couples in a legal limbo, able to marry in Canada, but in a union that might not be legal, and perhaps without the ability to divorce. Justice Minister Rob Nicholson said the problem stemmed from a "legislative gap" that meant some …

BEIJING (Reuters) - China's economy grew at its weakest pace in 2-1/2 years in the latest quarter, and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters. The fourth-quarter year-on-year growth of 8.9 percent, although slightly stronger than the 8.7 …

OTTAWA (Reuters) - Iran's threat to block the main oil shipping route out of the Gulf points to why the United States should approve the Keystone XL pipeline from Canada to Texas, Canadian Prime Minister Stephen Harper said on Monday. "I think it's pretty obvious what the right decision is ... not just from an economic …

VICTORIA, British Columbia (Reuters) - The provinces unanimously believe the federal government's unilateral decision to impose a new formula for how it will help fund the public healthcare system "was both unprecedented and unacceptable," British Columbia Premier Christy Clark said Monday. Clark made the remarks after …

BRUSSELS (Reuters) - Rating agency Standard & Poor's cut its credit rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin. In a statement, S&P; said the decision was all but inevitable following …

OTTAWA (Reuters) - Canadian police have charged a military official with leaking government secrets to a foreign entity, the first case in recent memory of a Canadian facing espionage charges at home. The Royal Canadian Mounted Police said it was not aware of any threat to public safety as a result of the alleged offenses …

(Reuters) - WestJet Airlines Ltd is mulling the launch of a regional airline, using a fleet of turboprop aircraft to serve smaller markets in Canada, marking a departure from its successful low-cost strategy and presenting a new challenge to bigger rival Air Canada. WestJet, Canada's No.2 carrier, said on Monday it may …

TORONTO (Reuters) - The Canadian dollar advanced against the U.S. currency and hit a one-year high against the euro on Monday, helped by higher oil prices and its relative appeal following Friday's mass ratings downgrade of euro zone member countries. Canada's dollar, which touched a one-year high against the euro, was …

TORONTO (Reuters) - Three former executives at bankrupt Nortel Networks reached into the "cookie jar" a decade ago to enrich themselves, prosecutors said, opening a fraud trial that dredged up memories of one of the most spectacular casualties of the 1990's dot-com bubble. The trio - former Chief Executive Frank Dunn, former …

A Rwandan accused of helping to incite the 1994 genocide was denied bail Monday while Canada considered a request to stay his deportation so the UN can probe a claim that he faces persecution at home.

TORONTO (Reuters) - Canadian stocks ended slightly higher on Monday as commodity prices rose and markets largely absorbed last week's euro zone ratings downgrades, while investors lacked direction from Wall Street, which was closed for the Martin Luther King holiday. All three heavyweight sectors - financials, materials …

A Canadian citizen was shot dead in a shopping district in the city of Culiacan, northwest Mexico, in unclear circumstances, local police said Monday.

Freestyle skier Sarah Burke remained sedated on a breathing tube in hospital on Monday as her family cancelled a press conference on her condition six days after she was gravely injured in a training accident.

TORONTO (Reuters) - Ontario's economy expanded modestly in the third quarter, overcoming a slight decline in the prior quarter and steering Canada's manufacturing heartland further away from the threat of another recession. An Ontario government report released on Monday showed the economy of Canada's most populous province …

CALGARY, Alberta (Reuters) - ConocoPhillips is seeking a buyer for 50 percent of a large portion of its Canadian oil sands holdings, assets that could eventually produce more than half a million barrels a day, the U.S. oil major said on Monday. ConocoPhillips has retained Scotia Waterous to run the offering of a share in …