A tribunal has begun to decide whether the credit card companies or retailers are to blame for high prices in Canadian stores.

Shares in a bank recently nationalized by the Spanish government plummeted Thursday on rumours that customers were pulling out their deposits.

A measure of future U.S. economic activity fell in April after six months of increases. The drop reflected fewer requests for building permits and a temporary spike in applications for unemployment benefits.

Cross-border shopping is costing the Canadian economy much more than believed and new rules raising duty-free limits will only make matters worse, says a new report by the Bank of Montreal.

Imperial Oil plans to shop its refinery in Dartmouth, N.S., and related supply agreements to prospective buyers in the coming months.