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Toronto stock index and Wall Street hit new record highs, loonie down

Toronto stock index and Wall Street hit new record highs, loonie down

TORONTO — Rallying oil prices helped push Canada's main stock index and its U.S. counterparts into record territory on Wednesday, while the loonie lost ground. The S&P/TSX composite index advanced 61.56 points to 16,371.

CanniMed says hostile takeover bid by Aurora weighing on share value

TORONTO — CanniMed Therapeutics Inc. is urging its shareholders to reject a hostile takeover bid by competitor Aurora Cannabis Inc., criticizing the value of the proposed deal and its effect on its share price.
Montreal's port eyes another record year in 2018 for cargo and cruise passengers

Montreal's port eyes another record year in 2018 for cargo and cruise passengers

MONTREAL — The Port of Montreal started 2018 with hopes of another record year for cargo traffic as the Canadian free trade agreement with Europe begins to bear fruit.
Newly formed fertilizer giant Nutrien rises after analysts publish high ratings

Newly formed fertilizer giant Nutrien rises after analysts publish high ratings

CALGARY — Shares in newly formed Canadian fertilizer giant Nutrien Ltd. rose on its second day of trading Wednesday after CIBC assigned it an "outperformer" rating and set a 12-month price target of US$62.

Foreign fishermen settle human trafficking suit

Two Indonesian fishermen who say they were enslaved on an American fishing boat have settled their lawsuit against the vessel's owner seven years after escaping and receiving special U.S.
RBC hit with service disruptions a day after TD investment platform goes down

RBC hit with service disruptions a day after TD investment platform goes down

TORONTO — The Royal Bank of Canada is working to fix its online banking and web brokerage platforms after users complained of sporadic service.
US construction spending hit record high in November

US construction spending hit record high in November

WASHINGTON — U.S. builders spent 0.8 per cent more on construction projects in November, the fourth consecutive monthly gain. November advance follows October's revised 0.9 per cent gain, the Commerce Department said Wednesday.

Knowledge First Financial, Heritage Education Funds merge into RESP powerhouse

MISSISAUGA, Ont. — Knowledge First Financial has acquired Heritage Education Funds to create a 1,600-member sales force for registered education savings plans, a type of Canadian tax shelter. Together they have a total of $6.
Joint venture including CPPIB buys U.S. student housing portfolio for US$1.1B

Joint venture including CPPIB buys U.S. student housing portfolio for US$1.1B

TORONTO — A joint venture including the Canada Pension Plan Investment Board, GIC and the Scion Group LLC has bought a portfolio U.S. student housing properties for US$1.1 billion.

Stingray Digital acquires Qello Concerts for on-demand concerts, music

MONTREAL — Stingray Digital Group Inc. has acquired Qello Concerts, an over-the-top streaming service for on-demand concerts and music documentaries. Financial terms of the deal were not immediately available.