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Bank of Canada to create its own digital currency as 'contingency,' deputy says

Bank of Canada to create its own digital currency as 'contingency,' deputy says

The country's central bank plans to lay the foundation for its own digital currency as a backstop should the day arise where cash is no longer king, a Bank of Canada deputy says.
Iran says official who played down virus fears is infected

Iran says official who played down virus fears is infected

DUBAI, United Arab Emirates — The head of an Iranian government task force on the coronavirus who had urged the public not to overreact about its spread has tested positive for the illness himself, authorities said Tuesday, as new cases emanating fro
No checkout needed: Amazon opens cashier-less grocery store

No checkout needed: Amazon opens cashier-less grocery store

NEW YORK — Amazon wants to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, where shoppers can grab milk or eggs and walk out without waiting in line or ever opening their wallets.

Rewards company Aimia reports operating loss ahead of board overhaul

MONTREAL — Aimia Inc. continued to rely on investments in a pair of foreign loyalty programs to keep earnings in the black last quarter as it came off a tumultuous year of shareholder dissidence and litigation.

Ontario Teachers' Pension Plan signs US$300M investment deal with New Gold

TORONTO — Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc. Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.
Strong fourth quarter for Macy's heading to transition year

Strong fourth quarter for Macy's heading to transition year

NEW YORK — Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major restructuring.
George Weston Ltd. reports fourth-quarter profit up from year-ago mark

George Weston Ltd. reports fourth-quarter profit up from year-ago mark

TORONTO — George Weston Ltd.
Scotiabank reports $2.3B first-quarter profit, tops expectations by analysts

Scotiabank reports $2.3B first-quarter profit, tops expectations by analysts

TORONTO — Bank of Nova Scotia is optimistic its international ventures are headed for success after a recent overhaul saw it slash and simplify its overseas operations.
BMO Financial Group reports $1.59B first-quarter profit, tops expectations

BMO Financial Group reports $1.59B first-quarter profit, tops expectations

TORONTO — BMO Financial Group beat expectations and reported a first-quarter profit of $1.59 billion as the bank worked to expand its footprint south of the border. The Toronto-based bank said its profit for the quarter ended Jan. 31 was up from $1.

Mondelez buys majority stake in Canadian maker of two-bite brownies Give & Go

TORONTO — Mondelez International says it has signed a deal to buy a significant majority interest in Toronto-based Give & Go Prepared Foods Corp., maker of baked goods such as two-bite brownies.
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