Canada's main stock market has closed at its highest level in more than nine months, fuelled by gains in energy and bank stocks.
The Bank of Montreal said Wednesday it is cutting about 1,850 positions from its workforce as consumers shift more of their banking online and technological advancements allow it to digitize some of its operations.
Canada's economic growth in the second quarter is expected to be weaker than predicted, the central bank said Wednesday, as it kept the key interest rate at 0.5 per cent.
LAV III armoured vehicles on display at the CANSEC defence industry trade show in Ottawa, May 25, 2016. Leslie Young / Global News.
Food court mogul Stanley Ma's MTY Food Group Inc. has struck a friendly $400-million deal to acquire Arizona-based Kahala Brands Ltd.