National Business

TORONTO — BMO Financial Group beat expectations and reported a first-quarter profit of $1.59 billion as the bank worked to expand its footprint south of the border. The Toronto-based bank said its profit for the quarter ended Jan. 31 was up from $1.

TORONTO — Mondelez International says it has signed a deal to buy a significant majority interest in Toronto-based Give & Go Prepared Foods Corp., maker of baked goods such as two-bite brownies.

The generic drugmaker Mallinckrodt has a tentative $1.6 billion deal to settle lawsuits over its role in the U.S. opioid crisis, it announced Tuesday.

TORONTO — Thomson Reuters says Steve Hasker has been appointed as the company's next president and chief executive. He will replace Jim Smith, who will become chairman of the Thomson Reuters Foundation.

Shares opened lower in Europe on Tuesday after a mixed session in Asia, where Tokyo's Nikkei 225 index skidded more than 3% as Prime Minister Shinzo Abe urged fresh efforts to contain the outbreak of a new virus that has spread from China to nearly t

HALIFAX — Nova Scotia's Liberal government is expected to table its fifth consecutive balanced budget today, and opposition leaders believe it could point towards an early election call this year.

Tensions over Indigenous rights, climate change and resource development that have escalated recently with the rail blockades helped push Teck Resources Ltd. to shelve its massive oilsands project, company CEO Don Lindsay said Monday.

ALBANY, N.Y.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange ( 17,562.74, down 280.79 points.) Acerus Pharmaceuticals Corp. (TSX:ASP). Health care. Up one cent, or 20 per cent, to six cents on 14.

TORONTO — U.S. stock markets suffered their worst day in more than two years Monday while Canada's main stock index posted a triple-digit decline amid concerns stemming from an increase in new cases of the novel coronavirus outside of China.