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Business

Toronto, Wall Street surge higher amid positive U.S. data, consumer sentiment

TORONTO - The Toronto Stock Exchange surged ahead Friday, encouraged by gains from the U.S. markets, after data showed the world's largest economy may be in recovery.

Ex-Groupon CEO Mason 'Takin' Care of Business' with motivational album, plans for new company

NEW YORK, N.Y. - Former Groupon CEO Andrew Mason is diving into several new ventures, including indulging his inner rock star with an album of "motivational business music."

Canadian inflation rate falls to 0.4 per cent as gas prices tumble in April

OTTAWA - Canada's inflation story is fast becoming one about disinflation.

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

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

Calif. doctor who promised fake herbal cancer cure sentenced to 14 years in prison

LOS ANGELES, Calif. - A Los Angeles doctor was sentenced Friday to 14 years in federal prison for bilking patients out of more than $1 million by promising them that an herbal supplement she hawked could cure late-stage cancer and other diseases.

Canadian dollar falls, dragged down by weaker-than-expected inflation figures

TORONTO - The Canadian dollar headed lower Friday after Statistics Canada reported that consumer prices rose last month at the slowest rate it's seen in more than three years.

Calif. herbal doctor who promised cancer cure sentenced to 14 years in prison, must pay $1.3M

LOS ANGELES, Calif. - A California doctor has been sentenced to 14 years in federal prison for bilking her patients out of more than $1 million by promising that an herbal supplement could cure late-stage cancer and other diseases.

Wind Mobile wants clarity on rules for buying new players like Mobilicity

MONTREAL - Industry Canada needs to make it clear if it's going to uphold its own rules on the sale of new wireless carrier Mobilicity, says the CEO of small competitor Wind Mobile.

Oil up to near $96 in European trade as investors await US economic indicator

The price of oil rose to near US$96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy.

Toronto, Wall Street surges higher amid inflation, economic data

TORONTO - The Toronto Stock Exchange climbed higher Friday, riding a boost from U.S. markets helped by positive data that showed strong signs of recovery for the world's largest economy.

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