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Bombardier wins $214M Indian train contract

Bombardier Inc's train unit received a contract to make railway equipment for India's Mumbai Railway Vikas Corp(MRVC).Reuters

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Cameco pulls out of bidding war for Hathor

Cameco Corp said Monday it is backing out of a bidding war for Hathor Exploration after Anglo-Australian miner Rio Tinto sweetened its bid to C$654 million. Reuters

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Outlook for Canadian banks sours as Euro woes weigh

A volatile year for Canadian banking results is likely to end on a soft note, and the outlook for 2012 won't inspire confidence as Europe's debt troubles deepen and Canadian borrowers turn shy. Reuters

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U.S. sees record Black Friday sales

U.S. retailers racked up a record $52.4 billion in sales over the Thanksgiving weekend, a 16.4% jump from a year ago, as early hours and attractive promotions brought out more shoppers. Reuters

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Twelve days of Christmas to cost 3.5% more

Your partridge and your pear tree are going to cost about 3.5% more this year than last.Agence QMI

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Flaherty aims to save business money with tariff cuts

Finance Minister Jim Flaherty announced Sunday the government will scrap 70 tariff items to save Canadian businesses about $32 million a year.Agence QMI

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RIM downgraded on competition fears

Sterne Agee downgraded Research In Motion Ltd to "neutral" from "buy," and said it expects increased competition to hurt the BlackBerry maker's margins.Reuters

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