Canada News Headlines

By Julie Gordon TORONTO (Reuters) - Toronto's scandal-hit mayor, Rob Ford, stayed away from city hall on Wednesday but his older brother, a fellow city politician, issued a fierce defense of Ford, who was allegedly caught on a cellphone video smoking crack cocaine. "Rob is telling me these stories are untrue, that these …

TORONTO (Reuters) - Canadian Pacific Railway Ltd said on Wednesday it has repaired and reopened a rail line near Jansen, Saskatchewan, and continues to clean up after a derailment that spilled 575 barrels of crude oil on Tuesday. CP, the country's second-largest rail carrier, said the line reopened late Tuesday night following …

(Reuters) - Montreal, Canada's second-largest city, has asked 1.3 million people to boil their drinking water after a problem at one of the city's water treatment facilities. The advisory, posted on the city's website on Wednesday, covers much of the south and east of the city of 1.65 million. The order followed reports …

CALGARY, Alberta (Reuters) - Canadian Pacific Railway Ltd said five tankers containing oil derailed on Tuesday morning near Jansen, Saskatchewan, and one of the cars is leaking crude, the third spill for the company in two months. Ed Greenberg, a spokesman for Canada's No.2 railway, said the cars containing Western Canadian …

By Andrea Hopkins TORONTO (Reuters) - Canada's top banking regulator said on Tuesday she is focused on the risk Canada's big banks face from low interest rates and real estate lending, but is happy that the housing market is moving into more balanced territory. Julie Dickson, head of the Office of the Superintendent of …

By Randall Palmer OTTAWA (Reuters) - Canada's Conservative Prime Minister Stephen Harper was under intense pressure on Monday to reassure voters that his administration is above reproach amid questions surrounding a secret check paid to Senator Mike Duffy. "There's been nothing under this prime minister's watch that's tied …

By David Ljunggren OTTAWA (Reuters) - The top aide to Canadian Prime Minister Stephen Harper abruptly resigned on Sunday over his role in an mounting expenses scandal which is threatening to undermine the Conservative government. Nigel Wright, Harper's chief of staff, quit after secretly giving a C$90,000 ($87,000) check …

By David Ljunggren OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper defended on Friday a top aide who is at the center of an expenses scandal that is becoming one of the biggest crises to hit the governing Conservatives since they took office in 2006. Opposition parties want an inquiry into why Nigel Wright, Harper's …

By Andy Bruce LONDON (Reuters) - Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday. World stock markets tumbled after the Chinese data and also in response to U.S. Federal Reserve Chairman …

By Leigh Thomas and Jason Lange PARIS/WASHINGTON (Reuters) - The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest economic blocs. ECB Executive Board member …

EU wants big companies to reveal national tax bills BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge …

By John O'Donnell BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge of drafting business regulation, said …

LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds ($4.6 million) for being unable to show it was giving clients the right advice. The FCA said on Thursday the failings were not corrected until the watchdog brought them …

TORONTO (Reuters) - Toronto-Dominion Bank reported a 2 percent increase in quarterly earnings, driven by stronger trading-related revenue and higher income from its U.S. retail banking unit. The bank, Canada's second-largest, said on Thursday that it had earned a net C$1.72 billion ($1.66 billion), or C1.78 a share, in …

By Edward Taylor FRANKFURT (Reuters) - Deutsche Bank's bosses tried to convince skeptical shareholders at a lively annual meeting on Thursday that the bank was on the right track again after facing a host of legal problems. Co-chief Executives Anshu Jain and Juergen Fitschen, who took charge nearly a year ago, are trying …

CANNES, France (AP) — Associated Press journalists open their notebooks at the 2013 Cannes Film Festival.

Canada's Harper says 'very sorry' about expenses scandal LIMA (Reuters) - Canadian Prime Minister Stephen Harper on Wednesday said for the first time that he was "very sorry" about a growing expenses scandal that threatens to derail his Conservative government after seven years in power. Harper is under heavy pressure to …

PESHAWAR, Pakistan (Reuters) - The Pakistani Taliban claimed responsibility on Thursday for a bomb that killed 11 security personnel and two civilians in the southwestern city of Quetta. Sixteen people were wounded in the attack in the capital of Baluchistan province, and the death toll could rise, police said. The bomb …

BRUSSELS (Reuters) - EU antitrust regulators accepted on Thursday concessions from Lufthansa , United Airlines , Air Canada and Continental to ease competition concerns about their transatlantic revenue-sharing pact. The European Commission said the airlines would give up airport slots in Frankfurt and New York, and also …

SASKATOON - Dale Hunter watched from the sidelines as his London Knights fell just short in last season's MasterCard Memorial Cup final.

By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, …

MOORE, Okla. - All that is left of Shayne Patterson's three-bedroom home is the tiny area where his wife hunkered down under a mattress to protect their three children when a tornado packing winds of at least 200 mph slammed through his neighbourhood.