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Gordon Reid, founder of discount store chain Giant Tiger, dies at 89

Gordon Reid, founder of discount store chain Giant Tiger, dies at 89

OTTAWA — Gordon Reid, the Canadian businessman who founded discount store chain Giant Tiger, has died at 89. The company says in a statement that Reid died at his home after a brief illness.
Cineplex box office revenues near pre-COVID levels ahead of Barbie, Oppenheimer

Cineplex box office revenues near pre-COVID levels ahead of Barbie, Oppenheimer

TORONTO — Cineplex says box office revenues in June were $56 million, amounting to 98 per cent of box office revenues from the similar period in 2019.
Postmedia, Toronto Star owner Nordstar end their merger discussions

Postmedia, Toronto Star owner Nordstar end their merger discussions

TORONTO — Canadian media companies Postmedia Network sa¹ú¼Ê´«Ã½ Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.
Insurer Intact Financial reports $421 million in catastrophe losses in second quarter

Insurer Intact Financial reports $421 million in catastrophe losses in second quarter

TORONTO — Intact Financial Corp. estimates its catastrophe losses for the second quarter were around $421 million on a pre-tax basis. The property and casualty insurer says in a news release the loss amounted to $1.79 per share after tax.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,822.45, down $8.59): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 22 cents, or 0.30 per cent, to $74.39 on 9.
Dollarama chief financial officer J.P. Towner stepping down in coming months

Dollarama chief financial officer J.P. Towner stepping down in coming months

MONTREAL — Dollarama Inc.'s chief financial officer will be stepping down from his position in the coming months to pursue another career opportunity. The company says J.P.
S&P/TSX composite ticks lower as telecom and utility stocks pull back, U.S. stocks up

S&P/TSX composite ticks lower as telecom and utility stocks pull back, U.S. stocks up

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index ticked lower Monday, weighed down by losses in telecom and utility stocks, while U.S. stock markets rose. It was a generally quiet day on the markets as investors gear up for a big Wednesday that will see U.S.
Bombardier patrol planes would sport price tag 'competitive' with Boeing bid

Bombardier patrol planes would sport price tag 'competitive' with Boeing bid

MONTREAL — The patrol planes Bombardier Inc. hopes could replace aging Canadian military aircraft will have a price "competitive" with that of jets from rival Boeing Inc., the Montreal-based company says.
Stock market today: Wall Street edges higher ahead of updates on inflation, profits

Stock market today: Wall Street edges higher ahead of updates on inflation, profits

NEW YORK (AP) — Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading. The S&P 500 rose 0.2% Monday, coming off just its second losing week in the last eight. The Dow added 0.
Governments need to remove interprovincial trade barriers: CFIB

Governments need to remove interprovincial trade barriers: CFIB

TORONTO — Provincial and territorial governments need to remove internal trade barriers on labour, services and products like alcohol and meat, the Canadian Federation of Independent Business says.