| Encana posts $505M loss due to hedging, currency Encana Corp. says foreign exchange and hedging losses dragged it to a $505-million net loss in the second quarter. cbc.ca |
China's product safety reviews better: FDA FDA commissioner Margaret Hamburg says China is improving its oversight of exporters after a slew of scandals over bogus or substandard drugs and foods like infant formula. cbc.ca |
Banking group CEO to quit in 2011 The head of Canada's major banking organization will retire in the spring of 2011, the industry group announces. cbc.ca |
Moody's downgrades Spain's credit rating RATINGS agency Moody's has lowered Spain's AAA top rating down a notch to Aa1, in a move largely expected by financial markets. news.com.au |
Lower Churchill energy plan coming: Williams Premier Danny Williams says Newfoundland and Labrador is close to finalizing a deal to develop a Lower Churchill hydro energy project. cbc.ca |