CALGARY - A months-long battle between the leaders of Canadian Pacific Railway (TSX:CP) and its largest shareholder resulted in the resignation of CP chief executive Fred Green on Thursday shortly before the company's annual meeting.

TORONTO - The Canadian dollar traded at fresh four-month lows Thursday amid continuing anxiety over the future of the eurozone.

TORONTO - Shares of Sears Canada (TSX:SCC) dropped more than 13 per cent Thursday after its U.S. parent announced plans to dramatically reduce its holdings in the troubled department store chain and to consider divesting its entire stake.

WASHINGTON - 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.

HALIFAX - Imperial Oil Ltd. is eyeing a sale of its refinery in Halifax, citing global competition and lower demand for gasoline — particularly in Europe.

TORONTO - The Toronto stock market was higher Thursday, powered by higher energy and gold stocks after worries about the future of the eurozone had pushed commodity prices to multi-month lows earlier this week.

OTTAWA - Statistics Canada says Canadian travel abroad declined 1.5 per cent to 5.2 million trips in March compared with February, mainly because of fewer day trips south of the border.

OTTAWA - Statistics Canada says foreign investors reduced their holdings in Canadian securities for the second time in two months in March, selling off $2.1 billion in mostly debt instruments.

OTTAWA - A new study from the Human Resources Department suggests Ottawa is looking at ways to get people receiving employment insurance to move to other regions with more jobs.

TOKYO - Japan's economy grew an at annual rate of 4.1 per cent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.