Business

Louis Bouchard opens a small container and dabs some of its contents onto a business card.

EDMONTON — The world needs a new way to supervise and regulate financial systems to restore stability, the governor of the Bank of Canada said Monday.

WASHINGTON — The future of the North American auto industry was perched on a knife’s edge Monday after governments in Canada and the United States warned automakers to reinvent themselves or face bankruptcy.

Traumatized investors who fled from the stock-market mudslide and are clinging to safety in cash or bonds may have set themselves up to be deluged by another hard-to-imagine disaster: a torrent of inflation.

Dear Working Wise: I work as many as 10.5 hours a day as a delivery driver/shop helper.

The Montreal Canadiens aren’t even officially for sale yet but speculation is already swirling over who would buy one of the economic crown jewels of the National Hockey League

The Obama administration plans to give General Motors Corp. enough government aid to restructure over the next 60 days, while Chrysler LLC will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat SpA.

Leaders of the world’s richest countries plan to shun protectionism and improve regulation at their summit this week in London, according to a draft communique of their conclusions published by the Financial Times on Sunday.

The deep rivers of cash that were flowing down Calgary streets during the height of the oil boom have dwindled in the current recession and that has meant hard times for businesses that cater to the money-is-no-object Albertan.

Tax measures in the latest federal budget will provide some relief to average Canadians.