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National Business
High Liner Foods beats fourth-quarter expectations in transformative year
LUNENBURG, N.S. — High Liner Foods Inc. beat expectations as it capped what the Nova Scotia company called a transformative year.
Feb 26, 2020 11:53 AM
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CIBC first-quarter profit beats expectations as company embarks on restructuring
TORONTO — Canadian Imperial Bank of Commerce is in the midst of an overhaul involving job losses and a slew of new faces in top roles with a goal of simplifying the bank.
Feb 26, 2020 11:33 AM
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Desjardins Group says 2019 theft of 4.2 million members' data cost $108 million
MONTREAL — The Desjardins Group says last year's theft of the personal data of its 4.2 million members ultimately cost the co-operative $108 million.
Feb 26, 2020 10:51 AM
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Torstar Corp. reports Q4 profit, boosted by one-time gains, as ad revenue drops
TORONTO — Torstar Corp. reported a profit in its fourth-quarter, boosted by one-time gains related to its pension plans and the sale of two real estate properties in Ontario, even as print revenue continued to decline.
Feb 26, 2020 9:30 AM
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GMP Capital consolidating ownership of Richardson GMP in all-stock deal
TORONTO — GMP Capital Inc. has signed an agreement to acquire the stake in investment manager Richardson GMP Ltd. that it doesn't already own in an all-stock deal.
Feb 26, 2020 8:56 AM
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China struggles to revive manufacturing amid virus outbreak
BEIJING — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy.
Feb 26, 2020 8:15 AM
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US new-home sales climbed 7.9% in January
WASHINGTON — U.S. sales of new homes jumped 7.9% in January to the fastest pace in more than 12 years, a positive sign for economic growth.
Feb 26, 2020 8:04 AM
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Virus outbreak stalks markets as 2020 gains get wiped out
LONDON — Global shares fell sharply once again Wednesday as fears over the speed of the new coronavirus around the world accentuated.
Feb 26, 2020 6:04 AM
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China sentences Swedish bookseller to 10 years in prison
BEIJING — A court in eastern China has sentenced a Swedish seller of books that took a skeptical look at the ruling Communist Party to 10 years in prison for “illegally providing intelligence overseas," in a further sign of Beijing’s hard line toward
Feb 25, 2020 8:05 PM
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Labour Board rules Foodora couriers are dependent contractors, eligible for union
TORONTO — The Ontario Labour Relations Board has ruled that Foodora couriers are dependent contractors of the food-delivery company, clearing a hurdle towards potential unionization and setting a major precedent for other workers in the gig economy.
Feb 25, 2020 4:55 PM
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