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OMERS appoints chief pension officer to chief executive, replacing Latimer

TORONTO — OMERS says it has appointed the pension fund's president and chief pension officer as chief executive effective in June.
Poloz says global growth to remain slow, low global interest rates likely

Poloz says global growth to remain slow, low global interest rates likely

TORONTO — Bank of Canada governor Stephen Poloz said Thursday the global economy appears set for continued slow growth and that low global interest rates are likely to persist.
Transcontinental Q4 core earnings fall due to ongoing printing challenges

Transcontinental Q4 core earnings fall due to ongoing printing challenges

MONTREAL — Transcontinental Inc. beat expectations even though its core earnings fell in the fourth quarter due to lower revenues from ongoing challenges in its printing sector.
Higher ticket prices boost Transat fourth-quarter profits by 200 per cent

Higher ticket prices boost Transat fourth-quarter profits by 200 per cent

MONTREAL — Higher ticket prices and fees helped Transat AT Inc. triple its profits last quarter as it worked to complete its takeover by Air Canada. Net income jumped to $20.3 million in the quarter ended Oct. 31, up from $6.8 million a year earlier.
Royal Bank selling Eastern Caribbean banking operations to consortium

Royal Bank selling Eastern Caribbean banking operations to consortium

TORONTO — Royal Bank of Canada has signed a deal to sell its banking operations in the Eastern Caribbean to a consortium of banks based in the region.
Where you live and how much you drive may decide if hybrids are worth the cost

Where you live and how much you drive may decide if hybrids are worth the cost

Hybrid cars are taking up a growing share of new auto purchases as options increase and prices come down. But to figure out if a hybrid makes financial sense, consumers need to do some math.
Wholesale prices unchanged in November as energy prices cool

Wholesale prices unchanged in November as energy prices cool

WASHINGTON — U.S. wholesale prices were unchanged in November as the rise in energy costs slowed following a big gain in the previous month.

Lululemon revenue up as direct sales climb, results beat expectations

VANCOUVER — Lululemon Athletica Inc. plans to expand sales of its self-care line and loyalty program next year, as well as keep growing its so-called experiential stores as it looks to maintain strong quarterly earnings and revenue growth.

Fed leaves low rates alone and foresees no moves in 2020

WASHINGTON — The Federal Reserve left its benchmark interest rate alone Wednesday and signalled that it expects to keep low rates unchanged through next year.
Saudi stock offering creates world's most valuable company

Saudi stock offering creates world's most valuable company

RIYADH, Saudi Arabia — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the