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McKinsey agrees to pay nearly $600M over opioid crisis

McKinsey agrees to pay nearly $600M over opioid crisis

The global consulting firm McKinsey & Company agreed to pay nearly $600 million for its role in advising businesses on how to sell more prescription opioid painkillers amid a nationwide overdose crisis.
Online sales growth, new stores in China boost Canada Goose's third-quarter results

Online sales growth, new stores in China boost Canada Goose's third-quarter results

Canada Goose Holdings Inc. beat expectations in its biggest quarter of the year, returning the luxury parka maker to growth for the first time since the onset of the pandemic.
Saputo reports uptick in third-quarter profit amid strong retail sales

Saputo reports uptick in third-quarter profit amid strong retail sales

MONTREAL — Saputo Inc. reported an uptick in its third-quarter profit on Thursday as strong retail sales at grocery stores outweighed weak demand from restaurants, cafeterias and other foodservice costumers.
Longtime Merck CEO, minority advocate Ken Frazier to retire

Longtime Merck CEO, minority advocate Ken Frazier to retire

Longtime Merck executive Ken Frazier, whose leadership helped bring the drugmaker one of the most lucrative medicines in history and who is one of the few remaining Black CEOs of a major corporation, is retiring.
Suncor Energy restarts carbon emission cutting projects despite vow of austerity

Suncor Energy restarts carbon emission cutting projects despite vow of austerity

CALGARY — The CEO of Suncor Energy Inc. says it will not increase capital spending this year despite higher oil prices, instead vowing to spend any increases in free cash flow on debt repayment and share buybacks.
Resolute Forest Products reports fourth-quarter loss, sales up from year ago

Resolute Forest Products reports fourth-quarter loss, sales up from year ago

MONTREAL — Shares in Resolute Forest Products Inc. fell on Thursday after it reported a net loss of US$52 million in the fourth quarter compared with a loss of US$71 million in the same period a year earlier.
Air Canada to suspend Rouge operations indefinitely, lay off 80 employees

Air Canada to suspend Rouge operations indefinitely, lay off 80 employees

MONTREAL — Air Canada will pause all operations of its Rouge aircraft indefinitely and lay off 80 employees starting Feb. 8, the latest round of cuts at Canada's struggling airlines.
BCE plans to spend $1 billion more to double 5G coverage over two years

BCE plans to spend $1 billion more to double 5G coverage over two years

BCE Inc. is launching what executives call the biggest investment program in the company's history as it speeds up plans for its 5G and fibre networks.
Montreal airport estimates $300 million loss for 2020, raises fees amid budget crunch

Montreal airport estimates $300 million loss for 2020, raises fees amid budget crunch

Montreal's airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide.

Yellen warns of 'tough months' ahead, urges congress to act

WASHINGTON — Treasury Secretary Janet Yellen warned of “tough months ahead” with COVID-19 continuing to flare, making it critical that Congress pass President Joe Biden's $1.9 trillion relief package.