Brian Cornell, a PepsiCo Inc. executive, is Target Corp.'s first outsider chief executive officer. Photographer: Beth Hall/Bloomberg.
Commuters walk past a Sears store in Toronto on Thursday April 25, 2013. Sears Canada Inc. reported a net loss of $21.3 million, or 21 cents per share, in the second quarter, compared to a profit of $152.8 million, or $1.50, in the same period last year.
McCain Foods said Wednesday it has signed a deal to sell its North American frozen pizza business to Dr. Oetker GmbH. Financial terms of the deal were not immediately available.
Bank of America has reached a record $17-billion (U.S.) settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
TORONTO -- RBC Economics says higher interest rates will put a strain on the Canadian housing market in 2015 and "substantially" moderate prices increases.