MONTREAL -- A Florida-based chemical company is planning to buy Tembec Inc. in a friendly takeover deal that values the Quebec-based forestry company at US$807 million, including assumed debt.
Royal Bank of Canada has boosted its second-quarter net income by 9 per cent to $2.81-billion. That compares with $2.57-billion during the second quarter of 2016.
Business owners along a stretch of Notre-Dame Street West in Montreal's Saint-Henri neighbourhood are worried a prolonged general strike by construction workers could make an already bad situation worse.
The Bank of Canada is creeping closer to its first rate hike in nearly seven years as it weighs the clashing forces of anemic inflation and a surprise burst of economic growth.
Canadian PressCIBC had $3.70 billion of revenue during the quarter, compared with $3.63 billion a year ago. Twitter · Google+ · LinkedIn · Email · Typo?