at 08:15 on May 17, 2012, EDT.

Fred Green resigns as CEO of Canadian Pacific

CALGARY - The embattled chief executive of Canadian Pacific Railway (TSX:CP) has announced his departure, ending a months-long battle with a major shareholder and marking a new chapter for an iconic company almost as old as the country.

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at 08:16 on May 17, 2012, EDT.

Sears Holdings to cut stake in Sears Canada to 51%, may sell rest of its stock

TORONTO - The U.S. parent of Sears Canada (TSX:SCC) plans to dramatically reduce its holdings in the troubled department store chain and indicated it may eventually divest all of its stake.

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at 04:00 on May 17, 2012, EDT.

Federal study suggests relocating EI recipients to regions with labour needs

OTTAWA - A new study from the Human Resources Department suggests Ottawa is looking at ways to get people receiving employment insurance to move to other regions with more jobs.

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at 01:54 on May 17, 2012, EDT.

Japan economy grows at 4.1 per cent annualized rate January-March amid disaster recovery

TOKYO - Japan's economy grew an at annual rate of 4.1 per cent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.

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at 21:27 on May 16, 2012, EDT.

Greek court official appointed head of interim govt until next national vote, expected June 17

ATHENS, Greece - A senior judge has been sworn in to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.

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at 21:07 on May 16, 2012, EDT.

NDP launches hearings in bid to rally public opinion against massive budget bill

OTTAWA - Two years ago, Errol Mendes showed up at Liberal-sponsored public hearings to decry the erosion of parliamentary democracy in Canada.

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at 19:43 on May 16, 2012, EDT.

Canada axes foreign studies program despite being told of economic spinoffs

OTTAWA - Foreign Affairs is axing a $5-million program that funds Canadian studies abroad even though the department was told two years ago the program generates $70-million a year for the country's economy.

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at 19:18 on May 16, 2012, EDT.

Mulcair sticks to 'Dutch disease' diagnosis despite conflicting evidence

OTTAWA - Tom Mulcair isn't backing down from his controversial diagnosis that Canada is suffering from "Dutch disease," despite conflicting evidence and a mounting backlash from western premiers.

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at 18:12 on May 16, 2012, EDT.

Deere posts 17 per cent jump in fiscal 2nd-qtr profit on higher sales, raises profit forecast

MOLINE, Ill. - Deere posted a 17 per cent spike in second quarter profit Wednesday and boosted its outlook for the year, predicting record-high global demand for its signature tractors, harvesters and seeders.

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at 17:41 on May 16, 2012, EDT.

CAE enters pilot sourcing business with $314 million acquisition

MONTREAL - CAE Inc. is entering the pilot outsourcing business while also expanding its global flight training capabilities by acquiring Oxford Aviation Academy and a subsidiary for $314 million.

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