CIBC boosted its takeover offer for Chicago-based PrivateBancorp on Thursday in a bid to salvage a deal that was thrown into doubt by the run-up in bank stock share prices since the U.S. election.
TD CEO denies 'widespread problem' with sales practices
Toronto-Dominion Bank's chief executive officer told shareholders at the bank's annual meeting on Thursday that it does not have a "widespread problem" with its sales practices, responding to a report staffers were pressured to meet targets.
Lululemon loses more than 20% of value on sales drop warning
Canada's Lululemon Athletica Inc on Wednesday reported a higher quarterly profit, but earnings per share fell short of analysts' expectations due in part to slower sales.
Volkswagen pays pay US$157.45M to settle emissions claims in 10 states
Volkswagen AG said on Thursday it has agreed to pay US$157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal.
Air Canada suing Airbus over 2015 Halifax crash
In a statement of claim filed in Nova Scotia Supreme Court, Air Canada (AC.TO) says Airbus failed to incorporate a warning system to alert pilots to a deviation from the planned flight path angle.
Canadian retailer Dollarama Inc reported a 17 per cent rise in quarterly profit on Thursday as customers spent more in its stores. The retailer said it would accept credit cards as a method of payment in all of its stores from the second quarter of fiscal 2018.
Amazon's eating everybody's lunch: Portfolio manager
BNN wraps up the trading day with Tim Regan, managing director at Kingwest & Company, who talks about the changing Canadian retail landscape and why he avoids investing in the sector. He also discusses Lululemon's latest earnings.
H&M invests in supply chain as fashion rivalry intensifies
Cost controls helped H&M to limit a drop in quarterly pretax profit but the fashion chain said it was increasing investments as it tries to keep pace with its larger rival, Zara owner Inditex.
Five people injured in explosion at Rio Tinto facility in Quebec
Five people were taken to hospital Thursday morning after an explosion at the Rio Tinto Iron and Titanium plant in Sorel-Tracy, Que. Company spokeswoman Claudine Gagnon says the workers were being treated for shock.
Canadian banks facing increased oversight in wake of sales practice reports
Scrutiny of Canada's financial oversight sparked by reports of improper sales practices at the nation's top banks shows its watchdogs lack the muscle and the bite to tackle consumer abuses as aggressively as their U.S. and European peers.