(MENAFN- ProactiveInvestors - Australia) From North America: Department store chain Sears Canada (TSE:SCC) announced Friday the grand opening of its first Corbeil store located in the Greater Toronto Area (GTA) in Vaughan, Ontario.
Dundee REIT (TSE:D.UN) Friday announced the closing of the acquisition of Toronto's Scotia Plaza complex for a total purchase price of approximately $1.266 billion.
Gold and silver producer Starcore International Mines (TSE:SAM) swung to a fiscal third quarter profit amid slightly higher revenue, though total production fell due to chemical supply issues.
Net earnings rose to $4.17 million, or three cents per share, on $13.9 million in revenue for the period that ended April 30.
Kraft pulp producer Fibrek (TSE:FBK) reported Friday it would idle the Saint-Felicien mill for 12-days to help control inventory.
The move, which takes effect June 23, will dampen production by roughly 12,000 tonnes of northern bleached softwood kraft pulp, the company said. Saint-Felicien has an annual capacity of 375,000 tonnes.
Resolute Forest Products (TSE:RFP) said Friday it would indefinitely idle its Mersey newsprint mill in Nova Scotia, citing it was unable to compete due to falling prices.
The plant, which will be idled starting on June 17, is a joint venture between Resolute Forest and media company the Washington Post (NYSE:WPO).
Valeant Pharmaceuticals International (NYSE:VRX)(TSE:VRX) agreed to buy specialty oral health company OraPharma from Water Street Healthcare Partners in a deal valued at $312 million.
The deal, which is slated to close by June, also includes a payment of up to $114 million based on certain milestone and revenue targets.
Theatre systems maker Imax Corp. (TSE:IMX) has snagged a deal to open three new theatre systems in Russia, the company said Friday.
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