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BMO agrees to pay US$40 million to settle SEC charges on supervision failure

BMO agrees to pay US$40 million to settle SEC charges on supervision failure

TORONTO — The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank's alleged supervision failure in bond selling.
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Lululemon raises fourth-quarter revenue and earnings per share forecast

Lululemon raises fourth-quarter revenue and earnings per share forecast

VANCOUVER — Lululemon Athletica Inc. has raised its forecast for revenue and earnings per share for its fourth quarter following a strong holiday season.
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Stock market today: Drops for Nvidia and other star stocks keep Wall Street in a rut

Stock market today: Drops for Nvidia and other star stocks keep Wall Street in a rut

NEW YORK (AP) — Drops for Nvidia and other superstar stocks are dragging U.S. indexes lower and keeping Wall Street stuck in its weekslong rut. The S&P 500 fell 0.8% early Monday. The index is coming off its fourth losing week in the last five.
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Cineplex reports box office revenue in December up from year ago

Cineplex reports box office revenue in December up from year ago

TORONTO — Cineplex says its box office revenue for December was up from a year earlier as movies released in November including Wicked and Moana 2 gained momentum. The movie theatre company says box office revenue in December totalled $64.
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High Tide signs deal for majority stake in German medical cannabis company Purecan

High Tide signs deal for majority stake in German medical cannabis company Purecan

CALGARY — Cannabis retailer High Tide Inc. has signed a deal to acquire a 51 per cent stake in German medical cannabis company Purecan GmbH in a deal worth about 4.8 million euros or about $7.1 million.
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Float Financial raises $70 million from Goldman Sachs, OMERS among others

Float Financial raises $70 million from Goldman Sachs, OMERS among others

TORONTO — Toronto-based Float Financial Solutions Inc. says it has signed a $70 million financing round led by Goldman Sachs' growth equity division.
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Canadians' financial stress ramping up despite interest rate cuts: MNP

Canadians' financial stress ramping up despite interest rate cuts: MNP

Half of Canadians are $200 or less away from being unable to cover their monthly bills and debt payments, according to MNP Ltd.'s quarterly report on consumer debt.
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China's exports in December up 10.7%, beating estimates as higher US tariffs loom

China's exports in December up 10.7%, beating estimates as higher US tariffs loom

HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Exports rose 10.
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China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs

China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs

HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald Trump. Exports in December grew 10.
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Delays, Trudeau resignation threaten Toronto-Quebec City high-frequency rail project

Delays, Trudeau resignation threaten Toronto-Quebec City high-frequency rail project

MONTREAL — Canadians hoping plans for high-frequency rail between Toronto and Quebec City would move forward this year will instead see further delays — and the prospect of a federal election makes the timeline more uncertain than ever.
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