National Business

TORONTO — TD Bank Group's profit slipped in the fourth quarter compared with a year ago as it recorded restructuring charges and increased provisions for credit losses compared with last year.

DUBAI, United Arab Emirates — Saudi Arabia's state-owned oil company Aramco on Thursday set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.

CALGARY — An application from Chevron Canada for a 40-year licence to export natural gas from the proposed Kitimat LNG project has been approved despite environmental opposition, says the Canada Energy Regulator.

ATLANTA — In a story Dec. 3 about Mercer Music at Capricorn, The Associated Press reported erroneously that one of the co-founders of Capricorn Records was Frank Fenton. It should have said his last name was Fenter, not Fenton.

TORONTO — Ontario's government and consumer services minister says she asked the CEO of the corporation that enforces warranties on new homes to step down. That follows a recent auditor general report that slammed Tarion Warranty Corp.

CALGARY — The developer of a 12,000-barrel-per-day thermal oilsands project approved Thursday by the Alberta government says actually going ahead with construction depends largely on when new pipelines can be in service.

The Second Cup Ltd. shares soared after the company announced it will acquire a popular Ottawa-based coffee chain in its first deal since it revealed plans to become a conglomerate of players in the coffee, food service and cannabis sectors.

OTTAWA — The Canadian economy remains resilient despite the global uncertainty caused by the trade war between the United States and China, a senior Bank of Canada official said Thursday.

OTTAWA — Statistics Canada says the country's merchandise trade deficit with the world was $1.1 billion in October. The result came as figures for September were revised to show a deficit of $1.

TORONTO — About 400 Aeroplan workers have ratified a collective agreement that standardizes wages for employees of the newly acquired loyalty program.