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Business

Greek court official appointed head of interim govt until next national vote, expected June 17

ATHENS, Greece - A senior judge was sworn in Wednesday to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.

Canada axes foreign studies program despite being told of economic spinoffs

OTTAWA - Foreign Affairs is axing a $5-million program that funds Canadian studies abroad even though the department was told two years ago the program generates $70-million a year for the country's economy.

Mulcair sticks to 'Dutch disease' diagnosis despite conflicting evidence

OTTAWA - Tom Mulcair isn't backing down from his controversial diagnosis that Canada is suffering from "Dutch disease," despite conflicting evidence and a mounting backlash from western premiers.

NDP launches hearings in bid to rally public opinion against massive budget bill

OTTAWA - Two years ago, Errol Mendes showed up at Liberal-sponsored public hearings to decry the erosion of parliamentary democracy in Canada.

Deere posts 17 per cent jump in fiscal 2nd-qtr profit on higher sales, raises profit forecast

MOLINE, Ill. - Deere posted a 17 per cent spike in second quarter profit Wednesday and boosted its outlook for the year, predicting record-high global demand for its signature tractors, harvesters and seeders.

Canada not immune to after shock if Greek crisis escalates, says Flaherty

OTTAWA - Finance Minister Jim Flaherty is warning the Canadian economy stands to feel the tremors from the political and financial quake in Greece.

CAE enters pilot sourcing business with $314 million acquisition

MONTREAL - CAE Inc. is entering the pilot outsourcing business while also expanding its global flight training capabilities by acquiring Oxford Aviation Academy and a subsidiary for $314 million.

Student protests hurting one of Montreal's biggest bar-hopping streets

MONTREAL - Bar hopping, shopping and dining out in downtown Montreal are taking a hit due to ongoing student protests that business owners say are chasing their customers away due to traffic headaches.

Most actively traded companies on the TSX, TSX Venture Exchange markets

TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:

TSX gives up early gains on worries about possible Greek exit from eurozone

TORONTO - The Toronto stock market gave up solid gains Wednesday as anxiety over Greece's possible exit from the eurozone trumped early moves to buy up stocks beaten down during a string of losses.

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