Business

Manulife Financial will acquire independent financial planning firm Wellington West Financial Services Inc. from the National Bank Financial Group, adding about $900 million in assets to Manulife Securities.

Citigroup has agreed to pay $590 million US to settle legal claims by shareholders that its executives lied about the bank's growing problems before the financial crisis.

Canada's international travel deficit with the rest of the world rose by $91 million to $4.2 billion in the second quarter, possibly helped along by increased cross-border shopping in the United States, Statistics Canada said Wednesday.

Canadians are more optimistic this year about their job security as well as hiring and growth prospects at their companies, and many expect a raise, a survey to coincide with Labour Day suggests.

High-definition TVs roughly quadrupled the resolution of the sets that came before them. Now, the industry is poised to do it again. Sony says by December, U.S. stores will sell a TV set with four times the resolution of today's best HDTVs.

Campbell Soup is tapping Andy Warhol for a few mmore miutes of fame.

CMLS Financial Ltd., Canada's largest independently-owned commercial mortgage services operation, is going into the residential mortgage business.

A Chinese-born software engineer convicted of stealing trade secrets from Motorola was sentenced to four years in federal prison, according to the office of the U.S. Attorney in Chicago. Hanjuan Jin, a 41-year-old naturalized U.S.

Canada Mortgage and Housing Corp. reported lower second-quarter profits as it predicted a cooling off in housing starts in the coming months.

The party considered the front-runner in the Quebec election is poised to shut down what is left of Canada's asbestos industry, following its lengthy and controversial decline.