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The money behind military muscle

Here are the 10 countries that spend the most on their military on a per capita basis and how Canada compares (based on information from the Stockholm International Peace Research Institute, 2009).

The many things government wastes money on

Here is a small sample, based on Macleans magazine's "99 stupid things the government did with your money."

10 things you should know about the oil sands

The oil sands in northern Alberta are crucially important to the Canadian economy. People from all over the country are traveling there to find work. Here are 10 things everyone should know about the oil sands.

Predictions for 2012

It is the time of year for predictions. Like forecasting the weather, figuring out what will happen next year in the business is an imperfect science.

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Canadian earnings Monday: Orbit, Valener
TORONTO - Canadian earnings declared Monday:

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Travelex gold spot quote: C$1,721 at close
TORONTO - Gold spot price was quoted at C$1,721 bid (US$1,724) and C$1,722 asked (US$1,725) at the close of trading Monday at Travelex Canada Ltd., a major gold and foreign exchange dealer.

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TSX-listed corporate dividends, distributions
TORONTO - Dividends or distributions were declared or updated on the following listed issues on the Toronto Stock Exchange on February 13, 2012.<

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Oil over US$100 as Greece passes austerity cuts

Last Updated: February 13 2012, 3:41 PM

Oil over US$100 as Greece passes austerity cuts

NEW YORK, N.Y. - Oil prices rose Monday after Greece took a key step away from a default on its huge government debt that could hurt Europe's economy and cut demand for oil.

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Ontario won`t scrap all-day kindergarten

Last Updated: February 13 2012, 2:25 PM

Ontario won't scrap all-day kindergarten

TORONTO - Asset sales and privatization are on the table as Ontario looks to balance its books, but scrapping full-day kindergarten is not, the finance minister said Monday.

TSX up, Greece approves austerity measures

Last Updated: February 13 2012, 2:17 PM

TSX up, Greece approves austerity measures

TORONTO - The Toronto stock market was little changed Monday afternoon as early relief that the Greek parliament passed a package of austerity measures to secure a another bailout was tempered by questions about when Greece would actually get the money.

Last Updated: February 13 2012, 1:38 PM

New Laval arena to share name, management of Habs home

LAVAL, Que. - The same people behind Montreal's Bell Centre arena are going to be managing a new sports complex to be built north of the city.

Federal Finance Minister Jim Flaherty, left, and Bank of Canada Governor Mark Carney prepare to meet provincial and territorial finance ministers to discuss pensions during a meeting in Kananaskis, Alta., Monday, Dec. 20, 2010. Flaherty and Carney are telling the U.S. it is interfering in Canadian bank practices. THE CANADIAN PRESS/Jeff McIntosh

Last Updated: February 13 2012, 12:26 PM

U.S. bank rules to hit Canada, says Ottawa

OTTAWA - Canada has stepped up its fight against new bank restrictions proposed by the United States which Ottawa says would adversely affect saving and borrowing costs north of the border.

Greece faces further obstacles in bailout deal

Last Updated: February 13 2012, 12:18 PM

Greece faces further obstacles in bailout deal

BRUSSELS - Greece faces further hurdles and delays before it can receive a second, €130 billion ($171 billion) bailout in spite of its lawmakers voting through more austerity measures in the face of violent protests.

Last Updated: February 13 2012, 12:15 PM

The fight begins: Obama's budget goes to Congress

WASHINGTON - President Barack Obama on Monday was selling a a $3.8 trillion election-year budget - a spending outline designed to cut $4 trillion from the deficit in 10 years through spending restraints and higher taxes on the wealthy. Republicans said the plan fails to tackle the nation's deep fiscal problems.

Loonie up, Greece approves austerity measures

Last Updated: February 13 2012, 11:45 AM

Loonie up, Greece approves austerity measures

TORONTO - The Canadian dollar was higher Monday after the Greek parliament voted to approve a slate of tough austerity measures aimed at securing a crucial bailout.

Last Updated: February 13 2012, 11:28 AM

Barrick looks to sell stake in Highland Gold

TORONTO - Barrick Gold Corp. (TSX:ABX) is pulling out of Russia with plans to sell its 20.4 per cent stake in Russian gold miner Highland Gold Mining Ltd.

Obama sends FY2013 budget proposals to Congress

Last Updated: February 13 2012, 11:25 AM

Obama sends FY2013 budget proposals to Congress

WASHINGTON - President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the U.S. government's huge health benefit programs, a major cause of future deficits.

Last Updated: February 13 2012, 11:20 AM

Obama's proposed tax hikes at odds with GOP rivals

WASHINGTON - President Barack Obama is proposing an increase in taxes on wealthy individuals and some corporations, putting him at odds with all the Republican presidential hopefuls.

Last Updated: February 13 2012, 10:26 AM

Greece surveys riots damage after austerity vote

ATHENS, Greece - Firefighters doused smouldering buildings and cleanup crews swept rubble from the streets of central Athens on Monday following a night of rioting during which lawmakers approved harsh new austerity measures demanded by bailout creditors to save the nation from bankruptcy.

Greeks clean up after riots against austerity vote

Last Updated: February 13 2012, 8:35 AM

Greeks clean up after riots against austerity vote

ATHENS, Greece - Firefighters doused smouldering buildings and cleanup crews swept rubble from the streets of central Athens on Monday following a night of rioting during which lawmakers approved harsh new austerity measures demanded by bailout creditors to save the nation from bankruptcy.

Jittery investors watch Greece, US economic data

Last Updated: February 12 2012, 6:23 PM

Jittery investors watch Greece, US economic data

NEW YORK, N.Y. - For the past six weeks, Wall Street traders have optimistically pushed the Dow Jones industrial average up nearly 4.8 per cent on a belief that the U.S. economic recovery is finally gaining momentum.

A floor trader reacts to markets on Oct. 3, 2008, in Toronto. THE CANADIAN PRESS/Chris Young

Last Updated: February 12 2012, 6:20 PM

Traders look to heavy slate of earnings

TORONTO - Traders will be looking to another heavy slate of earnings from corporate Canada this week while it remains to be seen whether North American markets will be buoyed by the Greek Parliament's approval of a key debt-relief bill.

In this film image released by Universal Pictures, Denzel Washington is shown in a scene from "Safe House." (AP Photo/Universal Pictures, Jasin Boland)

Last Updated: February 12 2012, 3:44 PM

Love beats action as 'The Vow' bows with $41.7M

LOS ANGELES, Calif. - Love triumphed over action at the weekend box office with a No. 1 debut for the romantic drama "The Vow."

A panda reaches for Canadian Prime Minister Stephen Harper during a photo at the Chongqing Zoo in Chongqing, China Saturday February 11, 2012. Two giant pandas will call Canada home for the next 10 years.THE CANADIAN PRESS/Adrian Wyld

Last Updated: February 12 2012, 3:27 PM

Harper trip highlights Canada-China changes

CHONGQING, China - A beaming Stephen Harper petting a panda may be the signature photo of the prime minister's four-day trip to China and also the signature symbol.

Last Updated: February 12 2012, 12:51 PM

5 bankers arrested in UK tax inquiry

LONDON - British tax authorities said Sunday that four current and one former member of staff at the Royal Bank of Scotland had been arrested in an investigation into alleged tax fraud.

Greek Parliament starts debate on austerity laws

Last Updated: February 12 2012, 11:50 AM

Greek Parliament starts debate on austerity laws

ATHENS, Greece - Greek lawmakers on Sunday began debating legislation introducing severe austerity measures necessary for the country to secure a €130 billion ($171.46 billion) bailout from the European Union and the International Monetary Fund and stave off bankruptcy.

Last Updated: February 12 2012, 6:50 AM

New spill reported on Eni oil well in Nigeria

LAGOS, Nigeria - An environmental group says there is a new spill on an oil well run by Italian firm Eni SpA in Nigeria's oil-rich southern delta.

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