Canada's Ombudsman for Banking and Financial Services won compensation from banks in 20 per cent of the bank cases it handled in 2010 and in 38 per cent of the investment cases, its annual report says.

The National Energy Board grants final approval for the Mackenzie Valley natural gas pipeline after the federal cabinet signs off on the long-delayed $16.2-billion project.

Major NHL sponsor Air Canada threatened to withdraw its sponsorship unless the league moves to impose sanctions to reduce potential serious injuries such as the one that Montreal Canadiens forward Max Pacioretty suffered this week.

The Canada Pension Plan Investment Board pledged to spend $266 million to help fund expansion at Dublin-based aircraft leasing firm AWAS.

The federal government is in position to post a $14-billion improvement in its deficit position over two years, TD Bank says.