Great-West Lifeco Inc. is making sweeping changes to its Canadian business, cutting staff as it moves to reduce costs in an increasingly competitive industry.
Bernard Arnault, chairman and chief executive of LVMH Mo�t Hennessy Louis Vuitton, at a news conference in Paris on Tuesday. LVMH already owned Parfums Christian Dior; it will now take ownership of the brand's clothing, leather and shoes businesses.
One might assume that the Ontario Liberal government's pilot project to provide a guaranteed basic income would be roundly dismissed by those on the political and economic right as yet another government-led social welfare scheme doomed to failure.
Stock futures pointed to a higher opening for Canada's main stock index on Tuesday on growing confidence that the market-friendly Emmanuel Macron would beat far-right rival Marine Le Pen to become the next French president.
VANCOUVER - Teck Resources Ltd. (TSX:TECK.B) had a big increase in first-quarter profits thanks to higher prices for its coal, copper and zinc but the company still fell short of analyst estimates due to weak sales volumes.