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SNC-Lavalin recruits ex-Bombardier asset sales specialist to lead transformation

SNC-Lavalin recruits ex-Bombardier asset sales specialist to lead transformation

MONTREAL — SNC-Lavalin Inc. has recruited a former Bombardier executive who oversaw key asset sales to oversee the engineering and construction firm's strategic transformation.
Johnson & Johnson posts higher sales, big 4Q profit jump

Johnson & Johnson posts higher sales, big 4Q profit jump

Higher prescription drug sales and lower legal costs drove Johnson & Johnson's fourth-quarter profit 32% higher. The world's biggest maker of health care products on Wednesday reported net income of $4.01 billion, or $1.50 per share.
Michigan lifts barriers to Tesla sales, settling lawsuit

Michigan lifts barriers to Tesla sales, settling lawsuit

DETROIT — Michigan has cleared the way for Tesla to sell more electric vehicles in the state and get them serviced under a deal filed Wednesday that settles a lawsuit by the automaker.
Air Canada, WestJet scrub Boeing 737 Max from schedules until June

Air Canada, WestJet scrub Boeing 737 Max from schedules until June

MONTREAL — Canada's two biggest airlines pushed back the return of the beleaguered 737 Max after airplane maker Boeing Co. said it did not expect regulators to green-light the jet for takeoff until the middle of the year.
UN experts: Jeff Bezos phone hack shows link to Saudi prince

UN experts: Jeff Bezos phone hack shows link to Saudi prince

DUBAI, United Arab Emirates — The phone of Amazon founder and Washington Post owner Jeff Bezos was hacked after receiving a file sent from an account used by Saudi Crown Prince Mohammed bin Salman, United Nations experts said Wednesday.
TSX resumes record climb, loonie falls after Bank of Canada economic forecast

TSX resumes record climb, loonie falls after Bank of Canada economic forecast

TORONTO — Canada's main stock index resumed its climb to record highs on a broad-based rally while the loonie lost value after the Bank of Canada forecast a slower start for the economy in 2020. The S&P/TSX composite index was up 48.
Bank of Canada keeps key rate target on hold, trims growth expectations for 2020

Bank of Canada keeps key rate target on hold, trims growth expectations for 2020

OTTAWA — The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy in 2020.
US home sales soared 3.6% in December

US home sales soared 3.6% in December

WASHINGTON — U.S. home sales climbed 3.6% in December, but a record-low inventory of houses on the market has caused prices to surge as affordability is worsening.
Rogers chief executive warns Ottawa against making negative regulatory changes

Rogers chief executive warns Ottawa against making negative regulatory changes

TORONTO — Rogers Communications Inc. plans to spend nearly $3 billion on capital investments this year but that could be reduced if the regulatory environment becomes less favourable, Rogers chief executive Joe Natale said Wednesday.
Annual pace of inflation held steady at 2.2 per cent in December, gas prices up

Annual pace of inflation held steady at 2.2 per cent in December, gas prices up

OTTAWA — The annual pace of inflation held steady in December as higher energy prices were offset in part by slower growth in the price of fresh vegetables. Statistics Canada said Wednesday the consumer price index in December was up 2.