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Mega Bloks to lay off nearly 580 as it moves to close Montreal toy factory

Mega Bloks to lay off nearly 580 as it moves to close Montreal toy factory

MONTREAL — Mattel Inc. says the Mega Bloks toy factory it acquired in 2014 will shut down next year, triggering 580 layoffs in Montreal.
TSX has worst performance of the week; U.S. markets down on virus anxiety

TSX has worst performance of the week; U.S. markets down on virus anxiety

TORONTO — Canada's main stock index suffered its worst performance of the year Friday as investors were spooked by a potential corporate earnings hit from the coronavirus. The S&P/TSX composite index closed down 56.44 points or 0.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (17,565.34, down 56.44 points.) Encana Corp. (TSX:ECA). Energy. Down 23 cents, or 4.43 per cent, to $4.96 on 16 million shares.

Encana completes corporate restructuring to Ovintiv, shift to U.S.

CALGARY — Encana Corp. says it has completed its corporate reorganization under the new name Ovintiv Inc. The shake-up also includes technically moving the company to be U.S.
Barrick signs agreement with Tanzanian government that ends tax dispute

Barrick signs agreement with Tanzanian government that ends tax dispute

TORONTO — Barrick Gold Corp. has signed an agreement with the Tanzanian government to formalize a joint venture relating to three mines that ends a long-running tax dispute with the African country.
Canada slips in global corruption ranking in aftermath of SNC-Lavalin scandal

Canada slips in global corruption ranking in aftermath of SNC-Lavalin scandal

MONTREAL — Canada has slipped in the annual Transparency International ranking of countries considered among the least corrupt, in light of the SNC-Lavalin controversy.

Domtar warns of expected operating loss ahead of quarterly results

MONTREAL — Domtar Corp. has warned of an expected operating loss for the fourth quarter and sales that are below analyst expectations.
Statistics Canada says retail sales rose 0.9 per cent in November

Statistics Canada says retail sales rose 0.9 per cent in November

OTTAWA — Canadian retail sales bounced back in November, boosted by gains in the auto sector. Statistics Canada said Friday retail sales rose 0.9 per cent for the month, largely offsetting a revised 1.1 per cent decline in October.
Cannabis firm Aphria signs deal for $100M investment from institutional investor

Cannabis firm Aphria signs deal for $100M investment from institutional investor

LEAMINGTON, Ont. — Aphria Inc. says it has signed a deal with an unidentified institutional investor who has agreed to invest $100 million in the cannabis company. The investor will acquire roughly 14 million units of the company at a price of $7.
Despite renewed strikes, France pushes on with pension plan

Despite renewed strikes, France pushes on with pension plan

PARIS — Women workers danced in protest and striking Eiffel Tower employees shuttered France's most famed monument Friday — but the government pushed ahead anyway with a troubled bill redesigning the national retirement system.