The concern over income inequality in Canada doesn't take taxation and redistribution into account according to a study released thursday by the University of Calgary's School of Public Policy.

Germany's finance minister says a deal between Greek party leaders on new spending cuts appears to not yet fulfill all the conditions for a €130 billion ($172 billion Cdn) bailout.

The U.S. inspector general has cleared TransCanada of undue influence in a State Department review of the Keystone XL pipeline, but faults the department for the way it handled some aspects of the review.

Air Canada headed closer to another possible labour disruption Thursday after its pilots began a strike vote in response to what they said was a "rigid" company position that appeared aimed at escalating their contract dispute.

Sources say the federal government may close up to eight of the country's 21 consular and trade offices in the United States as part of cost-saving measures, CBC's Greg Weston reports.

The head of the National Energy Board says the agency is legally obligated to review Enbridge's decision to reverse part of its "Line 9" pipeline from Sarnia to Westover, Ont.

On the heels of Wednesday's "historic" investment deal, Prime Minister Stephen Harper moved on to raise the prospect of something even bigger on Thursday: free trade talks with China.

Retail internet service providers, such as Rogers and Bell, that provide end‑users with access to broadcasting over the internet are not subject to the Broadcasting Act because they have no control over the programming transmitted, the Supreme Court of Canada rules.

The price of a new home in Canada rose by 2.5 per cent last year, led by big jumps in Toronto and Oshawa, Ont., according to Statistics Canada.

U.S. states reached a landmark $25 billion US deal Thursday with the biggest American mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.

PepsiCo said it plans to cut about 3 per cent of its workforce as it tries to offset higher costs for ingredients and increased spending on advertising and marketing.

Kodak says it will leave the industry that it created by closing its camera division as it attempts to rebuild under bankruptcy protection.

BCE Inc. says profits were up nearly 53 per cent in the fourth quarter as it benefited from an increase in smartphone sales and its acquisition of national television broadcaster CTV.

Manulife Financial Corp. booked a loss of $69 million in the fourth quarter as it took a charge of $665 million related to low interest rates.

Insiders at Canadian engineering firm SNC-Lavalin say the company is in turmoil over its involvement with Cyndy Vanier, a hired consultant now facing serious charges in Mexico.