CANADA

German carmaker Opel needs to cut capacity and workforce quickly to return to profitability, but any decision on restructuring the company would not be driven by political considerations, Opel Chairman Carl-Peter Forster said on Tuesday.

Car-rental company Dollar Thrifty Automotive Group Inc said it will close about 10 more locations in the rest of 2009, as part of its pre-announced plan to do away with underperforming and non-profitable locations.

The Canadian Auto Workers is working to complete a working-level exchange of information with Ford Motor Co (F.N) this week before returning to full-scale negotiations with the No. 2 U.S. automaker, the head of the union said on Monday.

Kiefer Sutherland is to head a new actors conservatory at Norman Jewison's Canadian Film Center in Toronto.

Capital One Financial Corp's U.S. credit-card defaults fell in August, reinforcing signs that, despite job losses and the housing crisis, American consumers may not be in as bad shape as feared.

News that European car sales rose for a third consecutive month in August helped lift the mood at the Frankfurt Motor Show, where automakers will showcase green technology they hope will transform the industry.

A new wave of documentaries at this year's Toronto International Film Festival poses a disturbing question: is environmental and social disaster on a global scale imminent and perhaps inevitable?

Rio Tinto, the world's second-largest miner, is to sell a 56 percent stake in the cable division of its Alcan Engineered Products unit to U.S. investment firm Platinum Equity for an undisclosed sum.

Three Britons were jailed for life on Monday for plotting a terrorist outrage on the scale of the September 11 attacks by blowing up transatlantic airliners bound for North America using bombs made from liquid explosives.

Nortel Networks Corp said Avaya Inc has emerged as the successful bidder at a bankruptcy auction for its Enterprise Solutions business and has agreed to pay $900 million in cash for the unit.

Moves to save jobs and sites at carmaker Opel when a group led by Canada's Magna International takes control continued on Sunday.

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.

Canadian retailer Dollarama Inc, backed by private equity firm Bain Capital, has filed for an initial public offering on the Toronto Stock Exchange, according to a regulatory filing.

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.

Canadian billionaire James Balsillie was told on Friday that he will need to apologize and show humility if he wants to one day achieve his dream of owning one of North America's professional ice hockey teams.

Canadian automotive supplier Magna International promised on Friday to ringfence its Opel operations once it takes control of the former General Motors carmaking unit.

Workers at Opel, German politicians and customers of Canada's Magna expressed concern on Friday about whether General Motors' decision to sell a majority of Opel to Magna and Russia's Sberbank will turn out to be a favorable deal.

Russian Prime Minister Vladimir Putin said on Friday that General Motors made the right decision to sell a 55 percent stake in Opel to a group led by Canada's Magna.

The upcoming Teutonic retelling of Moby-Dick has its Ahab: William Hurt has signed on to play the megamaniacal, peg-legged captain of the whaler Pequod, and Ethan Hawke has inked to play Starbuck, the first officer who is just about the only sailor who defies him.

EnCana Corp, Canada's second-largest energy company, put a plan to split into two back on track Thursday, less than a year after shelving it, saying it believed financial and commodity markets had recovered to where the move looked attractive again.