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Iain Nairn appointed Hudson's Bay president after worldwide search

Iain Nairn appointed Hudson's Bay president after worldwide search

Hudson's Bay Co. appointed a little-known executive from abroad to lead the company's Hudson's Bay department store chain after a months-long global search. The retailer announced Iain Nairn started as Hudson's Bay president Sunday.
TSX hits new highs as investors move beyond Middle East geopolitical angst

TSX hits new highs as investors move beyond Middle East geopolitical angst

TORONTO — Canada's main stock index climbed to a record high to kick off the week as investors continued to move beyond short-term angst over geopolitical uncertainty in the Middle East.
Maple Leaf CEO's plane crash comments unlikely to affect company's brand: experts

Maple Leaf CEO's plane crash comments unlikely to affect company's brand: experts

An angry series of tweets from the CEO of Maple Leaf Foods Inc. about the downing of a Ukrainian airliner in Iran are uncharacteristic and risky, but unlikely to create long-term consequences for the company, experts say.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (17,293.42, up 58.93 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up seven cents, or 3.26 per cent, to $2.22 on 18.
New Brunswick receives eight proposals to privatize cannabis sales

New Brunswick receives eight proposals to privatize cannabis sales

FREDERICTON — The New Brunswick government has received eight responses to a request for proposals for the operation, distribution and sales of recreational cannabis in the province.
Personal insolvency filings over 12 months increased 8.9 per cent in November

Personal insolvency filings over 12 months increased 8.9 per cent in November

TORONTO — A national association of insolvency and restructuring professionals expects personal insolvencies will grow in 2020 after the rate of filings increased 8.9 per cent in November over the same 12-month period the previous year.

N.B. natural gas producer's shares rise on management switch, funding plan

CALGARY — Shares in Halifax-based natural gas producer Corridor Resources Inc. jumped by as much as 50 per cent on Monday after it proposed bringing in a new management team, along with an injection of up to $50 million. The stock hit a high of $1.

Brookfield Renewable proposes deal to buy rest of TerraForm Power

TORONTO — Brookfield Renewable Partners says it has proposed a deal to fully take over TerraForm Power Inc. in an all-share deal that values the wind and solar company at about US$4 billion.
Business outlook survey suggests business confidence up, Prairies still weak

Business outlook survey suggests business confidence up, Prairies still weak

OTTAWA — Business confidence in Canada has edged higher as global trade tensions have eased, but the Prairies, hard hit by a drop in energy prices, continue to remain a weak spot, according to the latest outlook survey by the Bank of Canada.
Shaw says wireless revenue up in Q1 but phone and video revenues down

Shaw says wireless revenue up in Q1 but phone and video revenues down

CALGARY — Shaw Communications Inc. says intense competition in the wireless space is having an impact on subscriber numbers but it continues to see revenue growth in the segment.