The cuts prompted a pretax charge of US$134 million, the company said in a statement Tuesday as it reported earnings. The revamp will lead to pretax savings of as much as US$120 million a year.

Harley-Davidson Inc.’s quarterly profit and revenue missed estimates in the fourth quarter as the motorcycle maker’s sales slump continued, sending shares plunging as much as 8.7%.

Global stocks are stabilizing this morning after yesterday’s selling pressure that sent the TSX composite index and S&P 500 to their biggest declines since October. Meanwhile, Boris Johnson’s government today announced Huawei will be granted a limited role in developing the United Kingdom’s 5G infrastructure.

Governments, companies and international health organizations rushed to contain a SARS-like coronavirus that has claimed more than 100 lives, with Hong Kong the latest to announce travel restrictions on people moving in and out of the mainland.

On Jan. 3, the company that owns the chain of department stores announced a group headed by executive chairman Richard Baker raised its going-private offer to $11 per share, satisfying Catalyst Capital Group, its leading rival shareholder which controls about 17.5 per cent of the company's common shares.

China has purchased Australian, Canadian and French wheat as Beijing looks to fill import quotas set by the World Trade Organization, according to people familiar with the matter.

Online mattress retailer Casper Sleep Inc. plans to raise as much as $159 million in its initial public offering, setting up a test of investor appetite for pioneering firms whose losses have grown with their revenue.

iPod co-inventor Tony Fadell is backing a battery company that says it’s found a way to store more energy using silicon scrap waste.

Canada has only about a ninth as many people as the U.S., and many drugs there are already in short supply. So sucking drugs out of Canada and shipping them to the U.S. in volumes large enough to affect prices in the American market would create serious shortages in Canada.

Labatt Breweries of Canada has acquired a Delta, B.C.-based distillery known for its ready-to-drink alcoholic beverages -- a growing segment in a struggling beer market.

Freeland spelled out the math of the minority government in the House of Commons after tabling a notice that the Liberals will introduce enabling legislation for the trade pact later this week.

It may not be apparent when you’re spending $70 on CBD foot cream, but hemp prices are plunging amid a “grossly oversupplied” market, according to the head of the industry’s first price provider.

Top picks from Hap Sneddon, cheap portfolio manager and founder at Castlemoore.

Alberta's premier says Prime Minister Justin Trudeau needs to move swiftly to approve the Teck Frontier oil sands mine north of Fort McMurray.

Justin Trudeau’s top diplomat said Canada will keep pressing Cuba to help resolve Venezuela’s political crisis.