National Business

MONTREAL — Aimia Inc. continued to rely on investments in a pair of foreign loyalty programs to keep earnings in the black last quarter as it came off a tumultuous year of shareholder dissidence and litigation.

TORONTO — Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc. Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.

NEW YORK — Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major restructuring.

TORONTO — George Weston Ltd.

TORONTO — Bank of Nova Scotia is optimistic its international ventures are headed for success after a recent overhaul saw it slash and simplify its overseas operations.

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