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North American stock markets down again, loonie lower against US$

North American stock markets down again, loonie lower against US$

TORONTO — Canada's main stock index posted a triple-digit decline in late-morning trading as U.S. stock markets continued to fall amid concerns about the impact of the novel coronavirus outbreak that began in China.
George Weston Ltd. reports fourth-quarter profit up from year-ago mark

George Weston Ltd. reports fourth-quarter profit up from year-ago mark

TORONTO — George Weston Ltd.
Scotiabank reports $2.3B first-quarter profit, tops expectations by analysts

Scotiabank reports $2.3B first-quarter profit, tops expectations by analysts

TORONTO — Bank of Nova Scotia is optimistic its international ventures are headed for success after a recent overhaul saw it slash and simplify its overseas operations.
CBRE predicts record $50 billion investment for commercial real estate this year

CBRE predicts record $50 billion investment for commercial real estate this year

TORONTO — CBRE says Canada could see a record-breaking $50-billion worth of investment in commercial real estate this year as macroeconomic tailwinds and immigration policies support the booming sector.
BMO Financial Group reports $1.59B first-quarter profit, tops expectations

BMO Financial Group reports $1.59B first-quarter profit, tops expectations

TORONTO — BMO Financial Group beat expectations and reported a first-quarter profit of $1.59 billion as the bank worked to expand its footprint south of the border. The Toronto-based bank said its profit for the quarter ended Jan. 31 was up from $1.
China struggles to revive manufacturing amid virus outbreak

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.

Mondelez buys majority stake in Canadian maker of two-bite brownies Give & Go

TORONTO — Mondelez International says it has signed a deal to buy a significant majority interest in Toronto-based Give & Go Prepared Foods Corp., maker of baked goods such as two-bite brownies.

Drugmaker Mallinckrodt reaches $1.6B opioid settlement

The generic drugmaker Mallinckrodt has a tentative $1.6 billion deal to settle lawsuits over its role in the U.S. opioid crisis, it announced Tuesday.
China sentences Swedish bookseller to 10 years in prison

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
Thomson Reuters names Steve Hasker new CEO, tops Q4 expectations, raises dividend

Thomson Reuters names Steve Hasker new CEO, tops Q4 expectations, raises dividend

TORONTO — Thomson Reuters says Steve Hasker has been appointed as the company's next president and chief executive. He will replace Jim Smith, who will become chairman of the Thomson Reuters Foundation.
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