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High Liner Foods beats fourth-quarter expectations in transformative year

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.
CIBC first-quarter profit beats expectations as company embarks on restructuring

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.
Desjardins Group says 2019 theft of 4.2 million members' data cost $108 million

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.
Torstar Corp. reports Q4 profit, boosted by one-time gains, as ad revenue drops

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.

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.
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.
US new-home sales climbed 7.9% in January

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.
Virus outbreak stalks markets as 2020 gains get wiped out

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.
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
Labour Board rules Foodora couriers are dependent contractors, eligible for union

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.