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Sluggish loan growth eats into CIBC's Q2 profits in the wake of five rate hikes

Sluggish loan growth eats into CIBC's Q2 profits in the wake of five rate hikes

TORONTO — Canadian Imperial Bank Of Commerce saw slow growth in personal and small business banking, offsetting its gains in capital markets and U.S. commercial banking as total earnings fell short of analysts' expectations.

Virginia airline founder charged with fraud, tax evasion

NEWPORT NEWS, Va. — The leader of an ill-fated effort to revive the People Express airline has been indicted on fraud and tax evasion charges. The Daily Press reports Michael D.
Statistics Canada reports retail sales rose 1.1 per cent in March

Statistics Canada reports retail sales rose 1.1 per cent in March

OTTAWA — Statistics Canada says retail sales rose 1.1 per cent to $51.3 billion in March boosted by higher sales at gas stations and sellers of building materials, garden equipment and supplies. Economists had expected an increase of 1.
Aimia buying back 34.9 million shares at $4.30 per share

Aimia buying back 34.9 million shares at $4.30 per share

MONTREAL — Aimia Inc. says it will buy back 22.9 per cent of its outstanding shares at a price of $4.30 each under a plan announced last month. The loyalty rewards company says it will buy back roughly 34.
Canopy Growth to acquire skin-care company This Works for $73.8 million

Canopy Growth to acquire skin-care company This Works for $73.8 million

SMITHS FALLS, Ont. — Canopy Growth Corp. has signed a deal to buy skin-care company This Works for $73.8 million in cash.
Barrick proposes to consolidate ownership of Acacia Mining with stock swap

Barrick proposes to consolidate ownership of Acacia Mining with stock swap

TORONTO — Barrick Gold Corp. has made a proposal to acquire the shares in Acacia Mining that it does not already own. Under the proposal, Barrick, which holds a majority stake in the African gold miner, would swap 0.
British Steel collapses, threatening thousands of jobs

British Steel collapses, threatening thousands of jobs

LONDON — British Steel has been ordered into compulsory liquidation after talks with the government failed to secure a bailout, Britain's Insolvency Service said Wednesday.
California sues over $1B in cancelled high-speed rail money

California sues over $1B in cancelled high-speed rail money

SACRAMENTO, Calif. — California sued Tuesday to block the Trump administration from cancelling nearly $1 billion for the state's high-speed rail project, escalating the state's feud with the federal government.

First Cobalt strikes partnership with Glencore for Ontario cobalt refinery

TORONTO — First Cobalt Corp. says it has struck a partnership with commodities giant Glencore AG for the development of its cobalt refinery in Ontario.

Most actively traded companies on the TSX

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,426.47, up 24.72 points ). Avalon Advanced Materials Inc. (TSX:AVL). Materials. Up five cents, or 111.1 per cent, to 9.5 cents on 9.