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.
OTTAWA -- The economy will be weaker than expected in the second quarter due to the Alberta wildfires, the Bank of Canada said Wednesday as it kept its key interest rate steady at 0.5%.
Food court mogul Stanley Ma's MTY Food Group Inc. has struck a friendly $400-million deal to acquire Arizona-based Kahala Brands Ltd.
Nanaimo Forest Products Ltd.'s Harmac Pacific pulp mill will pay $135,000 in environmental penalties under the Fisheries Act for a 2013 effluent spill into Northumberland Channel.