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National Business

Rewards company Aimia reports operating loss ahead of board overhaul

MONTREAL — Aimia Inc. continued to rely on investments in a pair of foreign loyalty programs to keep earnings in the black last quarter as it came off a tumultuous year of shareholder dissidence and litigation.

Ontario Teachers' Pension Plan signs US$300M investment deal with New Gold

TORONTO — Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc. Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.
Strong fourth quarter for Macy's heading to transition year

Strong fourth quarter for Macy's heading to transition year

NEW YORK — Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major restructuring.
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.
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.

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.
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.
World shares mostly lower after Dow drops more than 1,000

World shares mostly lower after Dow drops more than 1,000

Shares opened lower in Europe on Tuesday after a mixed session in Asia, where Tokyo's Nikkei 225 index skidded more than 3% as Prime Minister Shinzo Abe urged fresh efforts to contain the outbreak of a new virus that has spread from China to nearly t