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Gildan Activewear Inc. (GIL.TO, GIL) announced it has signed a definitive agreement to acquire 100% of the equity interest of Alstyle Apparel, LLC and its subsidiaries, which constitute the apparel division of Ennis, Inc., for a total cash purchase price of $110 million. The company said, while the...

Canadian stocks fell again Wednesday, extending May's losses amid lower metals prices and downbeat economic news from the U.S. Traders paid close attention to developments in Canada, where boomtown Ft. McMurray was evacuated due to an approaching wildfire. The S&P/TSX Composite Index was down 75.68...

Aeropostale-050416.jpg Fast changing fashion trends have been hitting Aeropostale badly for the last several quarters, and at last it opted for Chapter 11 bankruptcy filing on Wednesday.

The Canadian stock market has been fluctuating between small gains and losses since the open of trade Wednesday. Healthcare stocks are among the best performers this morning, while gold stocks are under pressure. Economic data from the U.S. has been disappointing this morning, which has cemented expectations...

The Canadian dollar continued to be lower against the other major currencies in early New York trading on Wednesday, after data showed that Canada's trade deficit widened to a record high in March, led by sharp fall in exports. Data from Statistics Canada showed that Canada's merchandise trade deficit...

Early signals mixed for Canadian stocks Wednesday morning, as markets react to downbeat economic news from the U.S. Payroll processor ADP reported 156,000 U.S. private sector jobs were added in April, versus market estimates for 200,000 new jobs. Meanwhile, the productivity of U.S. businesses and...

Following the release of Canada trade data for March at 8:30 am ET Wednesday, the loonie fell further against its major rivals. The loonie was trading at 1.2780 against the greenback, 83.25 against the yen, 1.4698 against the euro and 0.9556 against the aussie around 8:32 am ET.

At 8:30 am ET Wednesday, Statistics Canada releases Canada trade data for March. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie held steady against the greenback, it fell against the rest of major rivals. The loonie was worth 1.2741 against the greenback,...

The Canadian dollar declined against the other major currencies in European trading on Wednesday, as European stocks fell on the back of weak commodities and mixed earnings reports. Commodities are lower, weighed by a higher dollar. Concerns over Fed rate hike returned to the fore after the Atlanta...

Primero Mining Corp. (PPP, P.TO) reported Wednesday that its first-quarter net loss was $13.2 million or $0.08 per share, compared with net income of $3.6 million or $0.02 per share last year. Adjusted loss was $7.8 million or $0.05 per share, compared with adjusted income of $1.1 million or $0.01...

Loblaw Co. Ltd. (L.TO) Wednesday announced 34.2 percent increase in first quarter net income attributable to the shareholders to C$193 million from C$146 million in the prior year. Earnings per share increased 34.3 percent to C$0.47 from C$0.35 last year. On an adjusted basis, earnings attributable to...

The Australian dollar trimmed its early losses against some of the major currencies in pre-European deals on Wednesday. The aussie recovered to 0.9552 against the loonie, 1.5298 against the euro and 0.7514 against the greenback, from its early lows of 0.9510 and 1.5374, and near a near 2-month low...

The U.S. dollar strengthened against the other major currencies in the Asian session on Wednesday, after several Fed officials hinted at June rate hike, and as Asian stocks fell amid renewed worries about global economic growth. Fed officials on Tuesday hinted about considering U.S. interest rate...

The U.S. dollar strengthened against the other major currencies in the Asian session on Wednesday. The U.S. dollar rose to a 1-week high of 1.4520 against the pound and a 5-day high of 107.44 against the yen, from yesterday's closing quotes of 1.4534 and 106.55, respectively. Against the euro...

Pharma-050416.jpg Prothena Corp. plc (PRTA) has a couple of catalysts to watch out for in the coming months, related to its three lead protein immunotherapy programs - NEOD001, PRX002 and PRX003.

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