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January 10, 2019 2:17 PM Aimia completes sale of Aeroplan loyalty program to Air Canada, repays debt

MONTREAL—Aimia Inc. says it has completed the sale of its Aeroplan loyalty program to Air Canada and used the majority of the proceeds to repay debt. The company says gross proceeds from the sale totalled roughly $497 million (U.S.) after adjustments related to working capital. At closing, about $308 million was used to repay and terminate Aimia’s credit 128

January 8, 2019 4:50 PM New Gold shares climb on operating results that met revised guidance

Production for the year at the two mines, plus the now-shut Cerro San Pedro mine, came in at 315,483 ounces to fall within its revised guidance of between 275,000 and 330,000 ounces. The company announced the sale of its Mesquite gold mine in California for US$158 million last September. The company revised down expected production for its Rainy River 135

December 17, 2018 3:08 AM Trudeau says canada wants out of Saudi vehicle export deal

Amid growing international outrage over the murder of Saudi journalist Jamal Khashoggi, the government has been reviewing the planned sale of the armoured vehicles made by London, Ontario-based General Dynamics Land Systems, a unit of U.S.-based General Dynamics Corp. Trudeau’s administration has said it wouldn’t issue new export permits during its review 129

December 13, 2018 2:22 PM Transat AT beats profit expectations, moving ahead with hotel plans

MONTREAL—Transat A.T. Inc. says it earned $7.8 million in its latest quarter, down from a year ago when its results were boosted by the sale of its interest in Ocean Hotels. The Montreal-based travel company says its fourth-quarter profit amounted to 21 cents per share for the quarter ended Oct. 31, compared with a profit of $148.1 million or $3.97 per share 113

December 12, 2018 11:07 PM Bausch Health looks to make first acquisition in more than three years

LAVAL, QUE.—Bausch Health Companies Inc. is looking to make its first acquisition in more than three years after focusing efforts on reducing its debt and dealing with highly damaging legacy issues. The Quebec-based pharmaceutical company formerly called Valeant Inc., says it has entered into a definitive agreement to acquire certain assets of Synergy 116

December 11, 2018 6:40 PM Mikael Kingsbury wins Lou Marsh trophy as Canada’s top athlete of 2018

The award, voted on by a panel of sports editors and broadcasters, is given annually to Canada’s outstanding athlete by the Toronto Star and named after the former sports editor. A spirited debate among the voting panel of sports media surrounded the inclusion of ice dancers Tessa Virtue and Scott Moir, who captured their eighth national title at the Canadian 114

December 10, 2018 10:26 PM Ariana Grande adds Toronto date to Sweetener world tour

It’s been quite the year for the 25-year-old Florida native. The former Nickelodeon TV star racked up professional honours — including “Thank U, Next” breaking the record for most Spotify streams of a song by a female artist in a week, and Grammy nominations for album Sweetener and single “God Is a Woman” — while enduring personal trials, including the death 129

December 10, 2018 6:04 PM Qualcomm say it won ban on sale of some iPhones in China

The patents are related to adjusting and reformatting the size and appearance of photographs and managing applications using a touchscreen, Qualcomm said. They are just two of a number of patents Qualcomm is using against Apple in disputes in several countries. China is the world’s largest market for smartphones and is home to the manufacturers of the iPhone 154

December 4, 2018 5:46 PM Vegas grabs Gaga, Aerosmith, Lady Antebellum in 2019

In August, when tickets went on sale to Aerosmith’s “Deuces are Wild” show at Park MGM, fans took to social media to brag about getting tickets and planning their Vegas getaway. Schwartz said today’s Las Vegas music lineup offers something for everyone in contrast to the days of Frank Sinatra and Wayne Newton. Here’s a look at seven new concert residencies 122

November 22, 2018 11:57 AM Sun Life vies for $3B Hong Kong insurer FTLife

FTLife’s owner, Chinese investment firm JD Capital, has asked for second-round bids within the next couple weeks, the people said. No final decisions have been made, and the suitors could decide against submitting offers, according to the people. JD Capital bought Ageas SA’s Hong Kong Life insurance in 2015 for $1.38 billion and rebranded it as FTLife 78