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CMHC: majority of mortgage deferrals have ended, risk of arrears could re-emerge

CMHC: majority of mortgage deferrals have ended, risk of arrears could re-emerge

OTTAWA — Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge.
High Liner Foods reports US$7.4-million Q4 profit, sales down from year ago

High Liner Foods reports US$7.4-million Q4 profit, sales down from year ago

LUNENBURG, N.S. — High Liner Foods Inc. says it earned a profit in its latest quarter compared with a loss a year ago even as its sales declined. The frozen seafood company, which keeps its books in U.S. dollars, says it earned US$7.
Bausch Health Companies reports fourth-quarter loss of US$153 million

Bausch Health Companies reports fourth-quarter loss of US$153 million

LAVAL, Que. — Bausch Health Companies Inc. reported a loss of US$153 million in its latest quarter as its revenue edged lower compared with a year ago. The company, which keeps its books in U.S.
Hydro One reports Q4 profit down from year ago as it faced COVID-19 related costs

Hydro One reports Q4 profit down from year ago as it faced COVID-19 related costs

TORONTO — Hydro One Ltd. reported its fourth-quarter profit fell compared with a year earlier as the power utility faced higher costs related to the pandemic.
Higher oil prices boosting Alberta's bottom line as budget looms Thursday: Kenney

Higher oil prices boosting Alberta's bottom line as budget looms Thursday: Kenney

EDMONTON — Premier Jason Kenney says a recent bump in energy prices in the third quarter of the current budget is helping the bottom line as his government prepares to introduce its 2021-22 budget.
Top board leaders resign after deadly Texas power outages

Top board leaders resign after deadly Texas power outages

AUSTIN, Texas — Top board leaders of Texas’ embattled power grid operator said Tuesday they will resign following outrage over more than 4 million customers losing electricity last week during a deadly winter storm, including many whose frigid homes
Trican Well Service reports lower Q4 revenue as oilfield slump drags on

Trican Well Service reports lower Q4 revenue as oilfield slump drags on

CALGARY — Trican Well Service Ltd. says an ongoing slump in Canadian oilfield activity linked to the COVID-19 pandemic resulted in lower revenue in the fourth quarter.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (18,330.09, down 86.65 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 18 cents, or 0.73 per cent, to $24.44 on 18.
Technology dropoff pushes TSX lower despite financials gains on strong bank results

Technology dropoff pushes TSX lower despite financials gains on strong bank results

TORONTO — A falling technology sector pushed Canada's main stock index lower to offset strong bank results that lifted the heavyweight financials. "It's certainly a trend now after we had a really, really nice run up since November.
Estee Lauder to buy Canadian skincare company Deciem at US$2.2-billion valuation

Estee Lauder to buy Canadian skincare company Deciem at US$2.2-billion valuation

The Estee Lauder Cos Inc. has struck a deal to buy Canadian skincare company Deciem Beauty Group Inc. at a valuation of US$2.