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Toronto stock market drops again on angst about global economy and Brexit risks

Toronto stock market drops again on angst about global economy and Brexit risks

TORONTO — Canada's main stock index fell again Wednesday as it continued to bob up and down on investor angst about the global economy and the outcome of Brexit.

Most actively traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,132.53, down 22.63 points ). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 40 cents, or 3.27 per cent, to $11.83 on 13 million shares.

Saudi Aramco acquires $69B stake in petrochemical firm SABIC

RIYADH, Saudi Arabia — Saudi Aramco signed a $69.1 billion deal Wednesday to purchase a 70 per cent share in petrochemical firm SABIC, helping pump capital into the kingdom's sovereign wealth fund that the crown prince oversees.
Southwest says grounded jets contribute to lower revenue

Southwest says grounded jets contribute to lower revenue

DALLAS — Southwest Airlines says thousands of cancelled flights, including 2,800 due to grounding its Boeing 737 Max 8 jets, are contributing to weaker bookings and $150 million less in first-quarter revenue than previously expected.
Statistics Canada reports trade deficit shrinks to $4.2B in January

Statistics Canada reports trade deficit shrinks to $4.2B in January

OTTAWA — Higher oil prices helped shrink the country's merchandise trade deficit in January from its record high set at the end of last year as exports rose for the first time since July.
Canada's board gender diversity behind U.S. as resources, small firms lag: TD

Canada's board gender diversity behind U.S. as resources, small firms lag: TD

TORONTO — The gender diversity of Canada's corporate boardrooms continues to lag that of the U.S., and "stronger headway" needs to be made in the country's resource sectors and small firms, a Toronto-Dominion Bank economist says in a new report.
Immersed in business feuds, Avenatti is charged with fraud

Immersed in business feuds, Avenatti is charged with fraud

LOS ANGELES — Even before federal prosecutors unsealed charges against Michael Avenatti, the lawyer best known for representing porn actress Stormy Daniels in legal battles against President Donald Trump was facing legal scrutiny for his business pra
Canadian tech group seeks to accelerate development of secure 'internet of things'

Canadian tech group seeks to accelerate development of secure 'internet of things'

TORONTO — Telus Corp., BlackBerry Ltd. and two Ottawa-based partners are looking for a select number of innovative early-stage Canadian companies that can quickly put together new secure technology for the "internet of things.
US trade gap falls 15 per cent to $51.1 billion in January

US trade gap falls 15 per cent to $51.1 billion in January

WASHINGTON — The U.S. trade deficit tumbled nearly 15 per cent in January as imports fell and exports rose.
Canada's board gender diversity behind U.S. as resources, small firms lag: TD

Canada's board gender diversity behind U.S. as resources, small firms lag: TD

TORONTO — The chief economist of Toronto-Dominion Bank says the gender diversity of Canada's corporate boardrooms lags that of the U.S., with 24 per cent aggregate female diversity compared with 25 per cent south of the border.