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Updated: 8 min 45 sec ago

Argentina default spreads to Par bonds, raising acceleration risk

2 hours 26 min ago

By Sarah Marsh and Daniel Bases BUENOS AIRES/NEW YORK (Reuters) - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt. The country last month deposited a $161 million payment with a newly appointed local trustee to try to circumvent U.S. court orders for it to settle with "holdout" investors suing for full repayment of bonds from a 2002 default before paying debtholders who accepted a restructuring. ...


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Euro zone inflation edges up to dim chance of new ECB action

2 hours 28 min ago

By Robert-Jan Bartunek BRUSSELS (Reuters) - Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week. A first estimate on Friday from the European Union's statistics office showed consumer prices in the euro zone rose by 0.4 percent in October, in line with market expectations. A day earlier, German data showed inflation in Europe's largest economy slowing in October to 0.7 percent, its lowest reading since May. ...


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Exxon quarterly profit rises 3 percent on refining

2 hours 31 min ago

(Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, on Friday reported a 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses. Profit in the third quarter rose to $8.07 billion, or $1.89 per share, from $7.87 billion, or $1.79 per share in the year-ago period. Oil and gas production fell 4.7 percent, the Irving, Texas company said. (Reporting by Anna Driver)


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Slaughter charges against Ottawa farmer face Charter challenge

2 hours 31 min ago

A west Ottawa sheep farmer accused of operating an illegal slaughter plant is "standing up for the rights of millions of Muslim people," though he is not Muslim himself, his lawyer said during a Charter of Rights and Freedoms challenge. Anthony Scissons, a farmer in Dunrobin, Ont., faces six provincial offences after selling live sheep to three Muslim men in October 2012. Andrews has argued the Ontario law interferes with the Charter rights protecting religious beliefs. 


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Rob Ford's tumour hasn't shrunk after chemotherapy

2 hours 32 min ago
Two rounds of chemotherapy have failed to shrink the tumour in Toronto Mayor Rob Ford's abdomen, his family has confirmed with CBC News. Last month the Toronto mayor was diagnosed with a rare but aggressive type of malignant tumour. Ford's family confirmed that while his tumour has not shrunk, it has also not grown in size.
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Imperial Oil's quarterly profit jumps 45 percent

2 hours 36 min ago
(Reuters) - Imperial Oil Ltd , Canada's second largest integrated oil producer and refiner, reported a 45 percent jump in quarterly profit as revenue rose in its downstream and chemical businesses. Net income rose to C$936 million ($836.5 million), or C$1.10 per share, in the third quarter ended Sept. 30 from C$647 million, or 76 Canadian cents per share, a year earlier. The company, which is 69.6 percent owned by Exxon Mobil Corp , said revenue rose 12.4 percent to C$9.66 billion. (Reporting by Scott Haggett in Calgary and Shubhankar Chakravorty in Bangalore; Editing by Kirti Pandey)
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OPP's Halloween safety tips

2 hours 38 min ago
The Ontario Provincial Police has released its list of Halloween safety tips.
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Stay safe this Halloween with these helpful tips

2 hours 38 min ago
The time for trick-or-treating is almost upon us. Here are some tips courtesy of the Edmonton Police Service on how to make sure you and your favourite little monsters (or princesses or Ninja Turtles) stay safe.
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Trial of former UBS executive dredges up Swiss banks' shady past

2 hours 38 min ago

By Francisco Alvarado, Zachary Fagenson and Joshua Franklin FORT LAUDERDALE Fla./ZURICH (Reuters) - From bundles of cash inside scraps of newspaper to setting up shell companies, the trial in Florida of a former UBS executive is a reminder of the extreme methods some Swiss bankers used to hide clients' cash.     Raoul Weil, 54, is the highest ranking Swiss banker to be arrested in the United States and prosecutors are seeking to paint him as a facilitator of efforts that helped conceal up to $20 billion in taxpayers' assets in secret offshore accounts. ...


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Italy says private capital will meet Monte Paschi, Carige needs

3 hours 23 min ago

ROME (Reuters) - Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday. "The remaining capital needs of our banking system will be filled through the mobilization of private resources," Padoan said in a speech at a conference in Rome. He made no comment on the status of repayments of existing state aid offered to Monte dei Paschi in a previous bailout. ...


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WHO advises double-gloving and better protection for the face in new guidance on Ebola gear

3 hours 25 min ago

GENEVA - The U.N. health agency is updating its guidelines for health workers dealing with the deadly Ebola virus, recommending tougher measures such as doubling up on gloves and making sure the mouth, nose and eyes are better protected from contaminated droplets and fluids.


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Flu vaccine scarce at pharmacies

3 hours 35 min ago

P.E.I. pharmacies say they are running out of the flu vaccine.               Two weeks ago, the Department of Health provided pharmacies with 4,500 vaccine doses free of charge. Now those are almost all gone, says Erin MacKenzie, executive director of the P.E.I. Pharmacists Association.              


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Edmonton's homeless piano man reveals the rough life behind those smooth notes

3 hours 49 min ago

Ryan Arcand has the look of a man many people would avoid on the street. Homeless for the past three decades, his worn jacket and laceless sneakers telegraph to those he encounters that this is a man who has lived a hard life. When Polard happened upon him, Arcand was playing an old, battered piano set up in Edmonton’s Sir Winston Churchill square, free for anyone to play.


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Man, 26, shot dead near Keele and Sheppard

3 hours 54 min ago

A 26-year-old man is dead after he was shot multiple times at a plaza on Keele Street near Sheppard Avenue West.


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Continental AG CEO says Audi recall no threat to guidance

4 hours 5 min ago

MUNICH (Reuters) - Continental said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance. Earlier this month Audi said it was recalling 850,000 cars worldwide, because potentially faulty software may prevent airbags on its A4 model from deploying. "We are the supplier of the system", Continental's Chief Executive Elmar Degenhart told journalists in Munich on Thursday evening, in remarks which were embargoed for Friday. ...


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Japan's central bank shocks markets with more easing as inflation slows

4 hours 21 min ago

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April. BOJ Governor Haruhiko Kuroda portrayed the board's tightly-split decision to buy more assets as a preemptive strike to keep policy on track, rather than an admission that his plan to reflate the long moribund-economy had derailed. ...


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BNP shakes off impact of U.S. fine, returns to profit

4 hours 29 min ago

By Maya Nikolaeva and Matthias Blamont PARIS (Reuters) - France's No. 1 bank BNP Paribas returned to net profit in the third quarter, recovering from a costly U.S. legal settlement to publish what it called a "rock solid" balance sheet, sending its shares up over 4 percent. BNP -- battling to restore investor and client confidence after a $8.9 billion fine from U.S. authorities -- reshuffled its top ranks in the quarter to tighten controls. It said veteran adviser and trouble-shooter Jean Lemierre would become chairman in December. The bank settled with U.S. ...


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Ottawa woman with tooth disorder faces $50K dental bill

4 hours 36 min ago

Johny-Angel Butera, 30, has almost no back teeth, the result of a condition called amelogenesis imperfecta, which leads to the erosion of the enamel. Every dentist Butera has seen has told her she needs a set of permanent crowns on her teeth, but the procedure would cost $50,000. Butera, a contract worker with little insurance and student loans to pay, cannot afford the surgery. 


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Wal-Mart to expand discounts as retail price war heats up

4 hours 40 min ago

(Reuters) - Wal-Mart Stores Inc said it will expand its offering of discounted products during the holiday season and may broaden a price-matching scheme to include online rivals, in the latest sign of an escalating price war among big U.S. retailers. Wal-Mart said it was bracing for competition to be as tough or tougher than in 2013, when heavy discounting depressed earnings across the industry. Wal-Mart's profits dropped in the holiday quarter last year and it has posted six straight quarters of flat or declining same-store sales. ...


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Why do victims of sexual assault stay silent? No easy answer, say experts

4 hours 49 min ago
TORONTO - "Why didn't you go to police? "
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