Canada's main stock index recorded its biggest single-day drop in about 5-1/2 months on Wednesday after a provisional U.S. budget agreement raised fears the Federal Reserve might begin scaling back its monetary stimulus program soon.
By Solarina Ho. (Reuters) - Hudson's Bay Co (HBC.TO: Quote) cut its 2013 outlook on Wednesday on expectations of heavier holiday discounting and as overall sales were weaker than expected in the third quarter, depressing the retailer's stock 5 percent.
The Wall Street Journal reported Wednesday that Air Canada is in exclusive talks with Boeing Co. for 50 or more 737 MAX to replace a large portion of the Montreal-based airline's 100 narrow-body aircraft.
MONTREAL - Laurentian Bank is increasing its quarterly dividend after posting record adjusted earnings in 2013 but lower fourth-quarter profits that missed analyst expectations.
Canadian stocks fell the most in almost six months after crude and gold slumped and Encana (ECA) Corp.'s forecasts for next year disappointed investors.