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Sun Life Financial Inc. (SLF, SLF.TO) and BCE Inc. (BCE, BCE.TO) announced a new agreement that further advances BCE's pension de-risking strategy by transferring longevity risk for C$5 billion of pension plan liability to Sun Life Assurance Company of Canada or Sun Life. As per the new longevity...

The Australian dollar recovered from its early lows against the other major currencies in the Asian session on Wednesday, following the release of the nation's economic growth figures. Data from the Australian Bureau of Statistics showed that Australia's GDP grew at a faster rate in the fourth quarter,...

The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday. The yen rose to more than a 1-1/2-month high of 124.32 against the Swiss franc, from yesterday's closing value of 124.49. The yen, which ended yesterday's deals at 133.80 against the euro and 183.87...

Canadian stocks ended sharply lower on Tuesday, tracking declining global equity markets and after earnings from Bank of Nova Scotia fell short of expectations, with broad declines across all major sectors except energy. All major indices ended in the red, except the energy as oil prices rose on geopolitical...

The Canadian stock market is pulling back Tuesday morning, following the modest gains of the previous session. Nearly every sector is trading in the red this morning, with the exception of the energy sector, which is only modestly higher. Global equity markets are weak overall Tuesday. Profit taking...

chrysler-030315.jpg Automaker FCA US LLC, owned by Italy-based Fiat Chrysler Automobiles NV, said it is voluntarily recalling all the 2015 Dodge Challenger SRT coupes and Dodge Charger SRT sedans equipped with 6.2 liter V-8 engines, known as the Hellcats, citing possible fire risks due to leakage from hose seals.

Ambassadors on the North Atlantic Council (NAC) are preparing to rehearse Alliance and partner consultation and decision making procedures against the backdrop of a fictitious crisis. CMX15 will take place between March 4 and 10. This is the Alliance's 19th Crisis Management Exercise (CMX) since 1992. The...

The Canadian dollar firmed against its major rivals on Tuesday, after data showed the economy grew at a faster pace than expected in the fourth quarter. Data from Statistics Canada showed that Canadian economy grew 2.4 percent in the fourth quarter on a quarterly basis, beating expectations for a...

Canada GDP for fourth quarter and industrial product price index for January have been released at 8:30 am ET Tuesday. The loonie climbed against its major rivals after these data. The loonie was trading at 1.2443 against the greenback, 1.3903 against the euro, 96.16 against the yen and 0.9738 against...

Canada GDP for fourth quarter and industrial product price index for January are due to be released at 8:30 am ET Tuesday. Ahead of these reports, the loonie held steady against its major rivals. The loonie was quoted at 1.2516 against the greenback, 1.3984 against the euro, 95.68 against the yen...

Consumer price inflation in the developed economies eased for the third straight month in January to its lowest level in more than five years, dragged down by further decline in energy prices, figures from the Organization for Economic Cooperation and Development, or OECD, revealed Tuesday. The consumer...

The euro drifted lower against the Canadian dollar in Europe on Tuesday. The euro fell to a 4-day low of 1.3959 against the loonie, compared to yesterday's closing value of 1.4017. The next possible downside target for the euro may be found around the 1.39 zone.

TheBankofNovaScotia-030315.jpg Canadian financial services provider Bank of Nova Scotia or Scotiabank, reported Friday a profit for the first quarter that edged up from last year, reflecting higher net interest income, growth in wealth management revenues, and the positive impact of foreign currency translation.Adjusted earnings per share missed analysts' expectations, while quarterly revenues topped their estimates.

Oncolytics Biotech Inc. (ONCY, ONC.TO) said that the U.S. Food and Drug Administration or FDA has granted Orphan Drug Designation for its lead product candidate, Reolysin, for the treatment of primary peritoneal cancers. The designation was granted on the basis of the company's December 2014 application...

Bristol-Myers Squibb Canada, an indirect wholly-owned subsidiary of Bristol-Myers Squibb Company (BMY), reported that a combination of two once-daily medications for chronic hepatitis C infection has been shown in newly released study results to cure almost all the patients who participated, despite...

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