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Wells Fargo hires New York Mellon's Scharf as its new CEO

NEW YORK — Wells Fargo named its third CEO in as many years as it attempts to move on from a series of scandals. The bank said Friday that Charles Scharf, chief executive of the Bank of New York Mellon, will take over for C.
North American markets fall on threats to Chinese and U.S. investments

North American markets fall on threats to Chinese and U.S. investments

TORONTO — North American stock markets sustained losses to end a poor week as uncertainty over the trade war resurfaced with American government threats to investments in the U.S. and China. The movement followed reports that the U.S.
Alberta premier says restraint coming, but no Klein-era budget cuts

Alberta premier says restraint coming, but no Klein-era budget cuts

EDMONTON — Alberta Premier Jason Kenney says there will be spending restraint in the upcoming budget but it won't resemble the fiscal bloodletting of the early 1990s. "This does not have to be 1993.
Ontario considering alternative to pot wholesale model: sources

Ontario considering alternative to pot wholesale model: sources

TORONTO — Ontario is considering alternative cannabis distribution models and intends to launch a consultation process in the coming weeks, according to sources familiar with the matter. This comes after the Ontario Cannabis Retail Corp.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,694.27, down 96.13 points). The Bank of Nova Scotia. (TSX:BNS). Financials. Up 11 cents, or 0.14 per cent, to $76.25 on 6.

Court dismisses legal challenge to Ontario's pot shop lottery

An Ontario court has dismissed a legal challenge filed by 11 people who were disqualified from applying to open a cannabis retail store in the province.
Climate strikers naive but have right to protest, say energy sector leaders

Climate strikers naive but have right to protest, say energy sector leaders

BANFF, Alta. — Oil and gas industry insiders say demands by organizers of Friday's Global Climate Strike to transition swiftly away from fossil fuels to 100 per cent renewable energy are naive and unrealistic.

Data breach at DoorDash sees 4.9 million users' personal information stolen

An undisclosed number of Canadians are among the roughly 4.9 million DoorDash users, drivers and merchants who had their personal information stolen during a May data breach — the latest in a string of privacy scares in recent years.
Convenience stores could benefit from e-cigarette ban, say analysts

Convenience stores could benefit from e-cigarette ban, say analysts

TORONTO — A growing move to ban flavoured e-cigarettes due to health concerns particularly in youth could actually benefit convenience stores in the long run, say retail analysts.
Wells Fargo hires New York Mellon's Scharf as its new CEO

Wells Fargo hires New York Mellon's Scharf as its new CEO

NEW YORK — Wells Fargo named its third CEO in as many years as it attempts to move on from a series of scandals. The bank said Friday that Charles Scharf, chief executive of the Bank of New York Mellon, will take over for C.