The Greek cabinet on Friday approved a draft bill that would clear the way for further austerity and economic reforms that are a condition of a new €130 billion ($172 billion Cdn) bailout by the European Union and the IMF needed to avoid a disorderly default.

Finance Minister Jim Flaherty says Canadians should expect no changes to Old Age Security benefits before 2020 or 2025, and details about reform would be outlined over more than one budget.

The head of the Canadian Auto Workers is suggesting Caterpillar Inc. may not have followed foreign takeover rules in its 2010 purchase of the London, Ont., locomotive plant it has since shut down.

Statistics Canada says exports rose 4.5 per cent in December and imports edged up 0.8 per cent, pushing the country's trade surplus with the rest of the world to $2.7 billion from $1.2 billion in November.

After two days focused on economic deals, Prime Minister Stephen Harper said Friday that his Chinese hosts should expect Canada to continue to advocate for human rights as well.

Canadian National Railway Co. said Friday it's cancelling almost $40 million in future pension and other benefit payments to retired CEO Hunter Harrison, who has said he wants to take the top job at rival Canadian Pacific Railway Ltd.

North American stock markets closed lower Friday on concerns about a messy default by Greece and worries about the pace of growth in China.

The value of the Canada Pension Plan fund rose by 9% in 2011 on improved returns from stocks and bonds.

PepsiCo Canada will cut up to 100 jobs in Canada as part of the parent company's restructuring.

The U.S. trade balance widened in December, as a strengthening American recovery outpaced global growth.

Telus says fourth-quarter profits increased 4.9 per cent as it signed up more subscribers to its wireless and TV services, but fell short of overall analyst expectations.

To discuss a Greek default openly and rationally would be to make a bad situation worse. But is it really better to keep the charade going? Don Pittis asks.

Portugal appears to have won the support of Germany's finance minister in its efforts to get some breathing space for the implementation of austerity and reform measures promised in return for last year's bailout.

Canadian engineering firm SNC-Lavalin said two executives have hastily left the company amid reports of turmoil over the firm's involvement with Cyndy Vanier, a hired consultant now facing serious charges in Mexico.

The concern over income inequality in Canada doesn't take taxation and redistribution into account according to a study released thursday by the University of Calgary's School of Public Policy.

With their musical achievements crafted in attics, basements, bungalows, Victorians, Jersey cottages and Hollywood mansions, the legends of pop, folk, alternative, rap and rock have shown that home may not be where the heart is, but it's definitely where the art is.

Many Americans still are holding off on buying homes in some of the country’s most expensive cities. While home prices fell 23 percent on average in the largest cities since the housing crisis began, for many home buyers the drop was not enough

By Erika Riggs, Zillow You might think celebrities are immune to the pains of a troubled real estate market, but they face the same frustrations selling their homes as the rest of us.

The hottest acts in the music business earn their pay by living in the recording studio or on the road. But even pop stars need a place to call home every once and awhile. Here are some of theirs.

The Utah home former GOP presidential contender John Huntsman Jr.'s father built is on the block. This is no ski cabin. It's more like the whole chalet.

The architects of the joint state-federal mortgage releief plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources close to the talks.

Each week, TODAY real estate expert Barbara Corcoran looks around the U.S. to see what home buyers can get for their money.

NFL stars past and present are not exactly hurting when it comes to palatial digs big enough to host the neighbors Super Bowl Sunday. Which one of these guys would you like to score an invite from?

They say you can't take it with you when you die, but that's not necessarily true for the wealthiest Americans — like Donald Trump.

While building their home goods business, Richard and Victoria MacKenzie-Childs also repaired a 1790s farmhouse. Now the 42-acre, whimsical, property is for sale.

There was fresh data from the government Tuesday showing that the American dream of owning a home is fading fast.

One World Trade Center, the skyscraper that’s being constructed at New York City’s Ground Zero, may now be the most expensive new office tower in the world.