National Business

GATINEAU, Que. — Rogers chief executive Joe Natale and his team of executives made several attempts Wednesday to dispel a widely held view that this country's wireless services are overly high by world standards.

MONTREAL — WSP Global Inc. missed expectations as it capped 2019 with a weaker fourth quarter than in the previous year. The Montreal-based engineering consultant says its net income attributable to shareholders was $40.

TORONTO — Canada's main stock index saw all of this year's gains wiped away Wednesday with a fourth day of triple-digit declines over concerns about the impact of the novel coronavirus outbreak. The S&P/TSX composite index closed down 135.

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.