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Updated: 21 min 32 sec ago

Future without McCain plant pondered by farmers

36 min 59 sec ago

Farmers who grow potatoes for McCain are wondering where their crop will go after the McCain plant on P.E.I. shuts down. Twenty-three farmers currently sell to the P.E.I. plant, which is closing at the end of the month. Barry Green sells to McCain and is part of the processing council currently in talks with the company.  Green said they are hoping for a commitment that the company will keep buying P.E.I. potatoes for its plants on the mainland.


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TSX set to open lower as weak global data dents sentiment

39 min 46 sec ago

(Reuters) - Canada's main stock index looked set for a lower start on Thursday as weak global manufacturing activity and an Ebola health scare in the United States spooked world markets. December futures on the S&P TSX index were down 0.14 percent at 0740 ET. No major economic events are scheduled for Thursday The index dropped to a near four-month low on Wednesday as worries about a slowdown in U.S. factory activity and news of the first confirmed case of Ebola in the United States fueled a broad selloff. U.S. stocks looked set to recover on Thursday, however. ...


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Emirates president says Ebola hits Asian demand for Africa flights

42 min 54 sec ago

By Matt Smith and Sagarika Jaisinghani DUBAI (Reuters) - The president of Emirates airlines said on Thursday that demand for flights to Africa from Asia has fallen due to concerns over the Ebola virus. West Africa is struggling with the worst Ebola outbreak since the disease was identified in 1976, with 3,338 people known to have died, predominantly in Liberia, Sierra Leone and Senegal, according to latest figures. ...


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Sears to sell most of its Sears Canada stake via rights issue

48 min 54 sec ago

(Reuters) - Struggling Sears Holdings Corp said it would raise up to $380 million by selling most of its stake in Sears Canada Inc through a rights issue, generating liquidity ahead of the crucial holiday shopping season. Sears Holdings, which holds a 51 percent stake in its beleaguered Canadian unit, will sell 40 million shares of Sears Canada, leaving it with a stake of about 12 percent. Sears Holdings put its stake in Sears Canada on the block in May as a part of the Illinois-based company's efforts to turn around its business after years of declining sales. ...


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Daimler cuts car market forecast as Europe wobbles

51 min 2 sec ago

By Edward Taylor and Laurence Frost PARIS (Reuters) - German luxury automaker Daimler has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy. Speaking as the Paris auto show opened to the media on Thursday, Daimler chief executive Dieter Zetsche said he now expected the global car market to grow by 3-4 percent this year, down from a previous forecast of 4-5 percent. ...


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Canadian M&A activity soars as energy sector fuels growth

1 hour 18 min ago

TORONTO (Reuters) - The value of Canadian mergers and acquisitions more than doubled to $149.8 billion in the first nine months of 2014, fueled by robust deal activity in the energy sector, according to figures released by Thomson Reuters on Thursday. Royal Bank of Canada's RBC Capital Markets led the pack advising for M&A deals as well as debt issuance, the Thomson Reuters league tables data showed. The investment banking arm of Canada's biggest bank was involved in 41 M&A deals valued at $43.6 billion. Barclays Plc finished second and JPMorgan Chase & Co was third. ...


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French 2015 GDP view realistic, depends on stability: Hollande

1 hour 24 min ago

PARIS (Reuters) - The French government's forecast for 1 percent economic growth in 2015 is realistic, but achieving it will depend on low interest rates, stability in Ukraine, a healthy U.S. economy and other factors, President Francois Hollande said on Thursday. The Socialist government revised down its growth forecast for 2015 from a previous 1.7 percent, as it struggles to lower unemployment, which is stuck above 10 percent, and spur private sector investment. "To target 1 percent growth in 2015 appears realistic," Hollande said after meeting Finnish Prime Minister Alexander Stubb. ...


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Green crab shell secret cracked

1 hour 35 min ago

Researchers at UPEI say they've made an important discovery which could help in the fight against an invasive species on Canada's east coast. Green crabs are an invasive species from Europe. "We've done some lab experiments which demonstrate that show green crab are able to eat 30 small oysters per day," said researcher Luke Poirier.


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Global stocks succumb to growth fears; ECB trillion euro question awaits

1 hour 35 min ago

By Marc Jones LONDON (Reuters) - World stocks and oil were knocked hard on Thursday after global manufacturing data and an Ebola health scare in the United States spooked markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold. European markets had been sucked into the storm, anxious about the European Central Bank's monthly meeting where it is under pressure to launch an aggressive government bond purchase program to revive the euro zone's stodgy recovery. ...


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Tropical Storm Simon forms in the Pacific off Mexico's southwestern coast

1 hour 38 min ago

MIAMI - Tropical Storm Simon has formed in the Pacific off Mexico's southwestern coast.


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Hong Kong police warn pro-democracy protesters not to occupy government buildings

1 hour 38 min ago

HONG KONG - Hong Kong police warned of serious consequences if pro-democracy protesters try to occupy government buildings, as they have threatened to do if the territory's leader didn't resign by Thursday.


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Kosovo nominates its first American Academy Award contender: 'Three Windows and a Hanging'

1 hour 45 min ago
PRISTINA, Kosovo - Kosovo says it has nominated an Oscar contender for the first time since it announced independence in 2008 from Serbia.
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Toronto mayoral election signs installed by campaigns

2 hours 4 min ago

An army of volunteers set out after midnight Thursday and began putting up lawn signs for each of Toronto’s mayoral candidates.  Thursday marks the first official day campaigns are legally permitted to begin installing the signs. Doug Ford was spotted with his campaign workers in Etobicoke, while volunteers for Olivia Chow and John Tory were seen starting the long, gruelling night in North York and East York, respectively.


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City won't repair neglected buildings over fear of court challenge

2 hours 26 min ago

The City of Montreal is not using its power to force repairs on unsafe and unhealthy apartment buildings over fear of expensive court challenges.  City officials have the power to renovate neglected buildings if landlords refuse to co-operate, but CBC News has learned the City has only used that power a handful of times and not once since 2010.  Montreal’s bylaw on housing hygiene, maintenance and safety states that, as a last resort, the City can renovate a neglected apartment building and bill the landlord for the costs.


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Farmers looking beyond honey bees for pollination

2 hours 41 min ago
P.E.I. is a leader when it comes to enhancing the environment to attract wild bee pollinators, says a researcher from the University of Maine. Frank Drummond, a professor of pollination from the University of Maine, was one of a group of researchers at a workshop this week sponsored by Dalhousie University. The Montague, P.E.I., workshop was focused on pollinating crops in the light of a global crisis in honey bee populations.
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ECB to flesh out asset-purchase plan it hopes will buoy euro zone

2 hours 52 min ago

By Gavin Jones NAPLES Italy (Reuters) - The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation. The ECB plans to buy asset-backed securities (ABS) - packages of reparcelled loans - with a view to spurring the market for such credit and supporting lending to the small- and mid-sized firms that form the backbone of the euro zone economy. ...


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US security firm reports 'malicious, fake' smartphone apps spy on Hong Kong protesters

3 hours 2 min ago

HONG KONG - The Chinese government might be using smartphone apps to spy on pro-democracy protesters in Hong Kong, a U.S. security firm said.


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Christine Jessop's family still hoping for justice, 30 years later

3 hours 25 min ago

Three decades later, Janet Jessop has vivid memories of the day her nine-year-old daughter Christine vanished. Friday will mark 30 years since Christine Jessop was abducted after arriving home alone from school in Queensville, Ont., north of Toronto. No doubt about that," Janet Jessop said, when reflecting about her only daughter.


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#CBCStreetTalk is headed to Innes, Ward 2

3 hours 26 min ago
From Sept. 22 to Oct. 23, CBC Ottawa will visit the 23 electoral wards in the city of Ottawa to get the inside track on the issues people are talking about on the eve of the upcoming municipal election. Innes Ward is located in Ottawa's east end, and includes the Blackburn Hamlet community, neighbourhoods of Orleans Village, and parts of Notre Dame Des Champs, formerly in the city of Gloucester. Blackburn Hamlet is the probably the best known area in Innes ward.
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Carleton Mushroom Farms in Osgoode could face closure

3 hours 26 min ago

Fernando Medeiros said his father opened the farm in 1984. Roadblocks to switch to cost-saving natural gas "Now we're constantly trying to find ways of saving money and natural gas would be a large part of that."


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