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TSX and Dow plunge in worst day of the year on growing fears of recession

TSX and Dow plunge in worst day of the year on growing fears of recession

TORONTO — The main stock indexes in Canada and the U.S. suffered their worst day of the year on Wednesday as North American markets plunged on growing fears of a global recession.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,045.94, down 304.90 points ). Manulife Financial Corp. (TSX:MFC). Financial. Down 41 cents, or 1.83 per cent, to $21.96 on 8.
SNC-Lavalin faces renewed questions over future following bombshell report

SNC-Lavalin faces renewed questions over future following bombshell report

MONTREAL — SNC-Lavalin's sudden return to the spotlight brings renewed focus on the beleaguered engineering firm's health, along with the potential economic consequences if it continues its path of decline. SNC-Lavalin Group Inc.
Canada Goose shares down despite higher sales as loss, margins widen

Canada Goose shares down despite higher sales as loss, margins widen

TORONTO — Shares of Canada Goose Holdings Inc. fell as much as 10 per cent Wednesday as it reported a wider loss and worsened margins in its first quarter compared to a year earlier. The luxury parka company reported a loss of $29.
Indigo shares drop on earnings miss as it works through strategy shift

Indigo shares drop on earnings miss as it works through strategy shift

TORONTO — Shares of Indigo Books & Music Inc. closed down almost 15 per cent Wednesday as the company missed earnings expectations amid a strategy change.
An explainer on inverted yield curves and is it a good predictor of recession

An explainer on inverted yield curves and is it a good predictor of recession

TORONTO — For the first time since before the Great Recession, the yield curve on two- and 10-year U.S. government bonds has inverted, a possible warning that another recession is on the way.
Metro to fast-track tech deployment to boost productivity and profits

Metro to fast-track tech deployment to boost productivity and profits

Metro Inc. will fast-track the deployment of technology such as self-service checkouts and electronic shelf labels to its stores in an effort to lower labour costs, the grocer's chief executive said Wednesday.
Aimia CEO says legal fight with biggest shareholder no barrier to M&A strategy

Aimia CEO says legal fight with biggest shareholder no barrier to M&A strategy

MONTREAL — The head of Aimia Inc. says its legal battle against its largest shareholder has not hampered the loyalty company's hunt for bolt-on acquisitions as it charts a new course after the sale of its Aeroplan business.
Flights resume at Hong Kong airport as protesters apologize

Flights resume at Hong Kong airport as protesters apologize

HONG KONG — Flights resumed Wednesday at Hong Kong's airport after two days of disruptions that descended into clashes with police, highlighting the hardening positions of pro-democracy protesters and the authorities in the semi-autonomous Chinese ci
Air Canada launches routes with fuel-efficient A220 to seize U.S. market share

Air Canada launches routes with fuel-efficient A220 to seize U.S. market share

MONTREAL — Canada's largest airline aims to boost its presence in the U.S. with a pair of Airbus A220 jetliners on two new non-stop routes between Montreal and Seattle and from Toronto to San Jose, Calif.