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Postmedia, Toronto Star owner Nordstar end their merger discussions

Postmedia, Toronto Star owner Nordstar end their merger discussions

TORONTO — Canadian media companies Postmedia Network Canada 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.
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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.
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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.
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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.
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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 — Canada'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.
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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.
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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.
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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.
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Ferry between P.E.I., N.S. to resume after vessel pulled during peak tourism season

Ferry between P.E.I., N.S. to resume after vessel pulled during peak tourism season

CHARLOTTETOWN — The company operating the ferry between Prince Edward Island and Nova Scotia says service is set to resume today after the vessel was pulled from the water twice since mid-June.
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Transat AT signs deal to sell property in Mexico to Finest Resorts for US$38 million

Transat AT signs deal to sell property in Mexico to Finest Resorts for US$38 million

MONTREAL — Transat AT Inc. says it has sold a piece of land in Mexico to resort company Finest Resorts for US$38 million.
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