National Business

One of the largest clothing retailers in the United States is cutting ties with Peter Nygard following multiple allegations of sexual assault against the Canadian fashion mogul.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,041.92, down 135.45 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.67 per cent, to $1.18 on 22.

OTTAWA — Shares of Kinaxis Inc. shot up about 11 per cent after the company announced it had acquired India-based Prana Consulting Inc. to boost its global supply chain business.

LUNENBURG, N.S. — High Liner Foods Inc. beat expectations as it capped what the Nova Scotia company called a transformative year.

TORONTO — Canadian Imperial Bank of Commerce is in the midst of an overhaul involving job losses and a slew of new faces in top roles with a goal of simplifying the bank.

MONTREAL — The Desjardins Group says last year's theft of the personal data of its 4.2 million members ultimately cost the co-operative $108 million.

TORONTO — Torstar Corp. reported a profit in its fourth-quarter, boosted by one-time gains related to its pension plans and the sale of two real estate properties in Ontario, even as print revenue continued to decline.

TORONTO — GMP Capital Inc. has signed an agreement to acquire the stake in investment manager Richardson GMP Ltd. that it doesn't already own in an all-stock deal.

BEIJING — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy.

WASHINGTON — U.S. sales of new homes jumped 7.9% in January to the fastest pace in more than 12 years, a positive sign for economic growth.