OTTAWA (Reuters) - Canada's trade deficit in March widened to a record C$3.41 billion ($2.69 billion) as exports sank for a second month on weak demand from the crucial U.S.
TORONTO -- Torstar Corp.'s first-quarter loss soared to $53.5 million as the company recorded extra expenses related to its transition towards more digital media and revenue fell at its traditional newspaper businesses.
The operator of Canada's largest grocery and pharmacy business had $193 million of net income for the quarter, up $47 million or 32.2 per cent from a year earlier.
Canada's main stock index fell on Wednesday as U.S. and Canadian data added to concerns about the growth outlook and a wildfire reduced production in the country's oil sands region.
Canada's Shopify Inc , a maker of software that helps retailers set up and manage online stores, forecast a bigger operating loss for the year, due to higher compensation expenses.