NEW YORK--Stocks extended losses in late trading, with high-dividend-yielding stock sectors leading the declines, as investors weighed the potential for the Federal Reserve to cut back on its easing efforts later this year.

Orascom Telecom Holding announced Wednesday that it is pulling back its application to acquire full control of Wind Mobile Canada, in which it already held a partial interest.

Canada's largest grocer is trying out a new discount small-store format in a bid to attract more customers in urban areas. Loblaw Cos.

PARIS - A�roports de Montr�al said Wednesday at the Paris air show that it will build an 80,000-square-foot facility in Mirabel in the next six months for $9.5 million and will lease it to French-based firm Aerolia Canada Inc. for up to 30 years.

TORONTO - Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday.