at 17:11 on February 22, 2012, EST.

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

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

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at 17:10 on February 22, 2012, EST.

Nunavut forecasts budget surplus, but says billions needed for infrastructure

IQALUIT, Nunavut - The government of Nunavut says it will reverse two years of deficit budgets to post a small surplus in the coming fiscal year.

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at 17:08 on February 22, 2012, EST.

Cascades to permanently close its Toronto packaging plant, cutting 36 jobs

TORONTO - Cascades Inc. says its packaging plant in Toronto will close in June, cutting 36 jobs, due to low demand for the product it makes there.

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at 17:00 on February 22, 2012, EST.

New Brunswick dismisses idea of implementing two-tiered minimum wage

FREDERICTON - The New Brunswick government has rejected the idea of implementing a lower minimum wage for workers who earn tips.

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at 16:24 on February 22, 2012, EST.

TSX closes higher despite negative Chinese/European economic data

TORONTO - The Toronto stock market closed at its highest level in almost six months Wednesday as commodity stocks ran ahead despite weak European and Chinese economic data.

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at 16:17 on February 22, 2012, EST.

Loonie closes below parity amid weak European data, Fitch Greek downgrade

TORONTO - The Canadian dollar closed below parity for the first time since the end of January as the greenback advanced against other currencies amid data showing soft readings on European and Chinese manufacturing.

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at 15:42 on February 22, 2012, EST.

Greece lowers recovery expectations, insists new bailout will 'bind' it to the euro

ATHENS, Greece - Greece on Wednesday insisted a new €130 billion ($172 billion) bailout deal will "bind" it to the euro, but again lowered expectations of recovery as it faced skeptical world markets, continued protests and another downgrade of its debt deeper into junk status.

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at 15:25 on February 22, 2012, EST.

DUI charges against Steelers' Hines Ward dropped; pleads guilty to reckless driving

DECATUR, Ga. - Prosecutors have dropped DUI charges against Pittsburgh Steelers receiver and Dancing With the Stars winner Hines Ward.

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at 14:44 on February 22, 2012, EST.

Rogers raises dividend 11 per cent, has higher Q4 profits in competitive period

Rogers Communications Inc. hiked its dividend 11 per cent Wednesday after reporting higher fourth-quarter profits during what the telecom company described as an intensely competitive time in the industry.

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at 14:10 on February 22, 2012, EST.

Microsoft lodges complaint with EU competition watchdog against Motorola, Google over patents

BRUSSELS - Microsoft on Wednesday lodged a formal complaint with the European Union's competition regulator against Motorola Mobility and its soon-to-be owner Google, saying Motorola's aggressive enforcement of patent rights against rivals breaks competition rules.

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at 12:57 on February 22, 2012, EST.

Concerns about Chinese manufacturing, European debt halt oil's 4-day rise

NEW YORK, N.Y. - A four-day rise in oil prices stalled Wednesday amid a weak report on Chinese manufacturing and lingering concerns about Greece's bailout.

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at 09:48 on February 22, 2012, EST.

Canada Goose sues International Clothiers over alleged replicas of its parkas

TORONTO - A well-known outerwear manufacturer billing itself as a "Canadian success story" is suing a retailer over trademark infringement, accusing it of making shoddy replicas of the distinctive Canada Goose parkas.

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