Tags: Canada
GM recalls 117,651 vehicles for potential electrical short issue
General Motors Co (GM.N) on Thursday said it is recalling 117,651 newer vehicles in North America because a possible manufacturing defect could cause an electrical short and increase the risk of a crash.
Sears to cut Sears Canada stake to raise cash for holiday season
Struggling Sears Holdings Corp (SHLD.O) said it would raise up to $380 million by selling most of its stake in Sears Canada Inc (SCC.TO) through a rights issue, generating much-needed cash ahead of the crucial holiday shopping season.
No relief ahead for the battered Canadian dollar: Reuters poll
The coming year is unlikely to bring any relief to the weakening Canadian dollar as the Bank of Canada's neutral stance prompted analysts in a Reuters poll to renew their pessimistic forecasts for the currency.
National Australia Bank weighing sale of life insurance unit: sources
National Australia Bank (NAB.AX) is considering the sale of its life insurance unit worth an estimated $800 million, seeking to boost earnings and returns on capital, people familiar with the matter told Reuters.




