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Bausch Health preparing for fall eyecare spinoff, open to better alternative: CEO

Bausch Health preparing for fall eyecare spinoff, open to better alternative: CEO

Bausch Health Companies Inc. is preparing to spin off its eyecare business this fall while also considering suitable alternatives including a sale of the business, the company's CEO said Tuesday. "We have a value in our mind for that business.
Desjardins drops disease-related liability, property damage coverage for some claims

Desjardins drops disease-related liability, property damage coverage for some claims

Insurance experts say consumers can expect more companies to introduce exclusions around COVID-19 after Desjardins dropped liability and property damage coverage related to communicable diseases.
Nutrien shares rise on higher earnings outlook as farmers enjoy robust crop prices

Nutrien shares rise on higher earnings outlook as farmers enjoy robust crop prices

CALGARY — Shares in fertilizer manufacturer Nutrien Ltd. rose Tuesday after it increased its annual earnings guidance based on rising sales expectations as its farm customers loosen purse strings in view of multi-year high crop prices.
Bombardier to sell remaining 3.1 per cent stake in Alstom from sale of rail unit

Bombardier to sell remaining 3.1 per cent stake in Alstom from sale of rail unit

MONTREAL — Bombardier Inc. says it plans to sell 11.5 million shares in Alstom S.A. that it obtained in January with the sale of its railway business to the French company. The Montreal-based maker of business jets says it will sell its entire 3.
'Stronger' commercial leasing environment emerged amid COVID: RioCan REIT CEO

'Stronger' commercial leasing environment emerged amid COVID: RioCan REIT CEO

TORONTO — RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.
Domtar shares surge after producer acknowledges talks with Paper Excellence

Domtar shares surge after producer acknowledges talks with Paper Excellence

FORT MILL, S.C. — Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it's in talks with B.C.'s Paper Excellence about a possible merger or sale of the company.

Ferrari 1Q profits rebound, postpones 2022 targets

MILAN — Italian luxury sportscar maker Ferrari announced Tuesday that it won’t hit 2022 financial targets due to the impact of the coronavirus pandemic, despite a strong rebound in the first quarter of 2021.
US trade deficit hits record $74.4 billion in March

US trade deficit hits record $74.4 billion in March

WASHINGTON — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
ConocoPhillips selling its shares in Canadian energy company Cenovus

ConocoPhillips selling its shares in Canadian energy company Cenovus

CALGARY — ConocoPhillips plans to sell its roughly 10 per cent stake in Cenovus Energy Inc. as part of a plan to pay for a repurchase of its own shares. The U.S.
Canada's April vehicle sales up 254 per cent from last year's pandemic low

Canada's April vehicle sales up 254 per cent from last year's pandemic low

TORONTO — Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic.