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Manulife reaches reinsurance deal worth $5.4 billion to free up capital

Manulife reaches reinsurance deal worth $5.4 billion to free up capital

TORONTO — Manulife Financial Corp. says it has struck another deal to off-load lower-return assets through a $5.4-billion reinsurance deal. The insurer says the agreement with Reinsurance Group of America includes $2.
B.C. government delegation jets to California to promote the province's film industry

B.C. government delegation jets to California to promote the province's film industry

Just days after being appointed to their new jobs, three members of the British Columbia government are off to California to promote the province as a hot spot for film production.
S&P/TSX composite inches higher on energy strength Wednesday, U.S. markets mixed

S&P/TSX composite inches higher on energy strength Wednesday, U.S. markets mixed

TORONTO — Canada's main stock index crept higher Wednesday thanks to strength in energy stocks, while U.S. stock markets were mixed, recovering from larger losses earlier in the day ahead of earnings from Nvidia expected after the bell.
US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

NEW YORK (AP) — An Indian businessman who is one of the world’s richest people has been indicted in the U.S.
Competition Bureau investigating Leon's, The Brick for alleged deceptive marketing

Competition Bureau investigating Leon's, The Brick for alleged deceptive marketing

The Competition Bureau has obtained a court order in an investigation centering around whether Leon's Furniture Ltd. and its subsidiary The Brick deceptively marketed their products.
Stock market today: Wall Street drifts as Target tumbles

Stock market today: Wall Street drifts as Target tumbles

NEW YORK (AP) — U.S. stocks drifted to a mixed finish, though the modest moves for indexes masked some thrashing underneath the surface. The S&P 500 ended barely changed Wednesday after trading lower for much of the day.
McCain, Cavendish Farms named in U.S. class-actions alleging 'potato cartel'

McCain, Cavendish Farms named in U.S. class-actions alleging 'potato cartel'

The heat has been turned up on two Canadian frozen-potato giants who have been named in separate price-fixing lawsuits south of the border. McCain Foods Ltd.
Liberals, NDP to blame for Nova Scotia housing crisis, says Tory Leader Houston

Liberals, NDP to blame for Nova Scotia housing crisis, says Tory Leader Houston

HALIFAX — Previous Liberal and NDP governments are to blame for Nova Scotia's housing crisis, Progressive Conservative Leader Tim Houston said Wednesday on the campaign trail, boasting that his party's plan to build more homes is bearing fruit.
Rogers Sports and Media cuts a 'few dozen' jobs in its audio business

Rogers Sports and Media cuts a 'few dozen' jobs in its audio business

TORONTO — Rogers Sports and Media has cut a "few dozen" jobs in its audio business amid what it describes as an unpredictable advertising market that has led to declining revenue.
Metro reports $219.9M fourth-quarter profit as 'transition year' comes to a close

Metro reports $219.9M fourth-quarter profit as 'transition year' comes to a close

Grocery and drugstore retailer Metro Inc. ended its "transition year" with fourth-quarter earnings of $219.