National Business

MONTREAL — Dollarama Inc. remained bullish on the future of the discount chain in Canada even as its profits slipped amid higher costs and restrictions related to the pandemic in its latest quarter.

LAVAL, Que. — Bausch Health Companies Inc. has signed a deal to sell its interest in Amoun Pharmaceutical Company SAE to Abu-Dhabi-based holding company ADQ for US$740 million. Amoun is one of the largest pharmaceutical companies in Egypt.

STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter.

Delta Air Lines, the last U.S. airline still blocking middle seats, will end that policy in May as air travel recovers and more people become vaccinated against COVID-19.

OTTAWA — Statistics Canada says the Canadian tourism sector shrank by nearly half in 2020 as the disastrous year was capped off by a 3.3 per cent decrease in the fourth quarter.

TORONTO — Torstar Corp. has signed a deal to acquire the publishing and exclusive theatre distribution rights of Cineplex Magazine. The deal with Cineplex Inc.

TORONTO — The Canada Pension Plan Investment Board has signed a deal to sell its 45 per cent stake in GlobalLogic Worldwide Holdings, Inc., the parent company of GlobalLogic Inc., to Hitachi Ltd. The pension fund manager says it expects US$3.

NEW YORK — The trajectory of the conservative network Newsmax is a clear example of how statistics can tell different stories, depending on how you look at them.

CALGARY — No surprises are expected today as shareholders in ARC Resources Ltd. and Seven Generations Energy Ltd. vote virtually on an all-shares transaction to form Canada's sixth-largest oil and gas producer. The merger, valued at $8.

WELLINGTON, New Zealand — Australia announced Wednesday it would begin building its own guided missiles in close collaboration with the U.S. as it seeks to boost its defence capabilities.