Canada posted its first trade surplus in almost two years in October, although analysts were quick to note that the surprise reversal after a string of 22 consecutive deficits did not signal a long-awaited turnaround in the export sector.
U.S. President Barack Obama turned his focus Wednesday to the pocketbook issues that Americans consistently rank as a top concern, arguing that the dream of upward economic mobility is breaking down and the growing income gap is a "defining challenge of our time."
The Bank of Canada says it sees some encouraging signs in the Canadian and global economies, but the improvement is not sufficient and inflation remains too low to justify moving off its view that the recovery remains fragile and in need of monetary stimulus.
The Toronto stock market closed lower Wednesday as the initial run of earnings from the big Canadian banks failed to impress and persuaded investors to take some profits from a sharp runup in banks and insurers this year.
Expectations for a stronger economy in Quebec next year has prompted the National Bank of Canada to raise its cash dividend and make the Canadian banking sector's first stock split in more than seven years.
A New York state parole board agreed Tuesday to release former Tyco chief executive Dennis Kozlowski on parole after more than eight years in prison for his conviction in a $134 million corporate fraud case.
A jury is set to hear testimony from the first witness at the trial of a former BP drilling engineer charged with deleting text messages and voicemails about the company's response to its massive 2010 oil spill in the Gulf of Mexico.
Portugal wants to look like Ireland, but it can't disguise its resemblance to Greece. Inspectors from Portugal's bailout creditors arrive in Lisbon on Wednesday for a regular check of the country's fiscal health and its compliance with the stipulations of the $106 billion financial rescue it received in 2011.
Chances of a breakthrough in global trade negotiations dimmed Wednesday as India refused to budge on food subsidies that are an obstacle to an eleventh-hour agreement at a World Trade Organization summit.