Canadian stocks extended a rally to a fifth day and logged the best week since March as energy shares and banks advanced on signs inflation is picking up.
Bombardier is eliminating 7,500 workers around the world, with roughly 2,000 positions being cut in Canada. But they're hiring 3,700 in countries with lower costs.
Ottawa is launching consultations with the financial industry that could see lenders shouldering as much as 15 per cent of the costs of losses on defaulted mortgages that have government-backed insurance.
Postmedia NewsShell is undergoing a US$30 billion asset divestment program globally and has already pulled back from some capital commitments in western Canada.
OAKVILLE, ON, Oct. 21, 2016 /CNW/ - Concordia International Corp. ("Concordia" or the "Company") (NASDAQ: CXRX) (TSX: CXR) today announced that Mark L. Thompson will step down as Chief Executive Officer of the Company following the appointment ...