National Business

TORONTO — McDonald's Canada says Jacques Mignault has been appointed as its next president and chief executive, effective Aug. 1. Mignault has been serving as the managing director of McDonald's Switzerland. He succeeds John Betts, who is retiring.

NEW YORK — Kim Kardashian West is selling a stake in her beauty brand for $200 million, in a deal that values the TV reality star's three-year-old business at $1 billion. The buyer is Covergirl owner Coty Inc.

TORONTO — Theatre operator Cineplex Inc. says the COVID-19 pandemic has had a "material negative effect" on its operations and resulted in a $178.4-million loss in the first quarter. The Toronto-based company says in delayed results that it lost $2.

REGINA — Saskatchewan Premier Scott Moe says details are coming soon on when nearly all businesses in the province will be allowed to reopen, signalling an end to the financial support to get them through the COVID-19 pandemic lockdown.

Alimentation Couche-Tard Inc. beat expectations as it capped its fiscal year with profits nearly doubling in the fourth quarter despite a revenue decrease mainly due lower fuel demand because of COVID-19. The Laval, Que.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,389.72, up 200.74 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 3.95 per cent, to $23.16 on 10.8 million shares.

Canadian companies are joining a growing list of top international brands vowing not to advertise on Facebook Inc. in July because of the company's refusal to deal with the spread of hateful content on its platform.

TORONTO — Canada's main stock index got a lift to start a holiday-shortened week with a broad-based rally led by the energy sector. The month of June looks set to end with the same trajectory as April and May, in a rebound from the March lows.

TORONTO — Lululemon Athletica Inc. has entered into an agreement to acquire in-home fitness company Mirror.

VANCOUVER — Hootsuite has named a new CEO to replace founder Ryan Holmes after his 12 years at the helm of the Vancouver-based tech company.