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HBC says Catalyst declined a request to extend its offer for stake in retailer

HBC says Catalyst declined a request to extend its offer for stake in retailer

TORONTO — The special committee of the board at Hudson's Bay Co. says Catalyst Capital Group Inc. has turned down a request to extend a deadline for its offer for a roughly 10.7 per cent stake in the retailer.

Bank of Mexico lowers interest rate, citing global concerns

MEXICO CITY — Mexico's central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and tensions including the trade war between the United States and China. The drop from 8.
TSX rebounds from worst day of year but still closes lower on economic worries

TSX rebounds from worst day of year but still closes lower on economic worries

TORONTO — Canada's main stock index rebounded from its worst day of the year but still closed at a five-month low Thursday amid continuing concerns about a global economic slowdown.
Federal appeal court greenlights airlines' challenge to passenger bill of rights

Federal appeal court greenlights airlines' challenge to passenger bill of rights

OTTAWA — The Federal Court of Appeal has agreed to hear airlines' legal challenge to Canada's new passenger bill of rights.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,012.53, down 33.41 points ). Encana Corp. (TSX:ECA). Energy. Down 14 cents, or 2.47 per cent, to $5.52 on 9.4 million shares.
Russian pilot safely lands jetliner disabled by bird strike

Russian pilot safely lands jetliner disabled by bird strike

MOSCOW — A Russian pilot whose passenger jet lost power in both engines after colliding with a flock of gulls shortly after takeoff Thursday managed to land in a cornfield smoothly enough that only one person was hurt seriously enough to be hospitali
Intact inks $1B deal for two insurers as a portal to rich clients

Intact inks $1B deal for two insurers as a portal to rich clients

TORONTO — Intact Financial Corp. has signed a deal to buy two specialty insurers in a move that gives it a foothold in the market for wealthy clients, part of a broader push among financial services firms toward high-net-worth customers.

Economic outlook credits major projects in B.C. for continued growth: Central 1

VANCOUVER — A financial services organization in British Columbia is forecasting modest but slower growth for the province through 2022. Central 1 says economic growth in B.C. should remain just above two per cent over the next 28 months.
Halifax-based Irving shipyard gets $500 million frigate maintenance contract

Halifax-based Irving shipyard gets $500 million frigate maintenance contract

Halifax-based Irving Shipbuilding Inc. has been awarded a $500-million federal contract to carry out maintenance work for the Royal Canadian Navy.
Canadian Real Estate Association reports home sales climbed higher in July

Canadian Real Estate Association reports home sales climbed higher in July

Canadian home sale rose in July in broad gains as markets start to recover from the stress test tightening last year, though economists say global concerns raise some uncertainties for the future.
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