Company News

Clothing retailer Groupe Dynamite Inc. reported a fourth-quarter profit of $31.0 million, up from $28.6 million a year earlier as its revenue rose 13 per cent.

Barclays Plc is close to selling a stake in its payments business to Brookfield Asset Management, according to people familiar with the matter.

U.S. Representative Marjorie Taylor Greene sold U.S. Treasuries and bought stakes in Amazon.com Inc., Blackstone Inc. and Tesla Inc. the day before U.S. President Donald Trump put a 90-day pause on retaliatory tariffs and prompted a market rally.

French group Hermes overtook LVMH as the world’s most valuable luxury company on Tuesday after shares in the Louis Vuitton maker tumbled following weaker-than-expected quarterly sales.

Investor sentiment regarding economic prospects is the most negative in three decades, yet fund managers’ pessimism isn’t fully reflected in their asset allocation which could mean more losses for U.S. stocks, a Bank of America Corp. survey shows.

Most banks in the industry’s biggest climate alliance endorsed a proposal that will refocus the group on providing financial support for the energy transition and also hold signatories to a less stringent standard for reducing the emissions enabled by their lending.

Bank of America Corp.’s stock traders posted a record quarter as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates.

Earnings from two chip-industry giants this week are poised to provide an early insight into issues that have punctured investor confidence and sent valuations to multiyear lows.

The U.S. economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products, adding to a growing list of headwinds keeping recession risk elevated.

Alberta Investment Management Corp. has asked its employees to stop non-essential business trips to the U.S. amid U.S. President Donald Trump’s trade war against Canada, according to people familiar with the matter.

Nvidia announced Monday that it will produce its artificial intelligence super computers in the United States for the first time.

A nonprofit that holds an annual event for Canadian pension officials has decided to relocate this year’s event from San Diego to Canada.

Credit spreads have widened significantly this month but they remain far from levels that would compel the U.S. Federal Reserve to step in, according to UBS. 

Morgan Stanley is the first of the six biggest banks on Wall Street to sell U.S. investment-grade bonds Monday after reporting first-quarter earnings.

Enghouse Systems Ltd. says it has acquired Trafi Ltd., a software company based in Lithuania focused on transportation networks and trip planning.