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Another major US dairy producer seeks bankruptcy protection

The U.S. dairy industry, the largest in the world, is under severe pressure as the dietary habits of Americans shift.

Borden Dairy Co. filed for bankruptcy protection, the second major U.S. dairy to do so in as many months. Borden produces nearly 500 million gallons of milk each year for groceries, schools and others. It employs 3,300 people and runs 12 plants across the U.S.

Solvency ratios of defined benefit pensions rose to end 2019, reports find

Two reports say the solvency positions of Canada’s defined benefit pensions rose to close out 2019 because of rising bond yields and a late-year equity rally.

Aon says solvency positions approached all-time highs after increasing sharply in the fourth quarter of last year, according to its median solvency ratio survey.

LifeLabs pays ransom after cyber attack

TORONTO—Government privacy commissioners are investigating a data breach at LifeLabs, one of Canada's largest medical services companies, after hackers gained access to the personal information of up to 15 million customers.

Most of its customers are in B.C. and Ontario, with relatively few customers in other locations, the company said Tuesday.

Economy lost 71,200 jobs in November, unemployment rate climbs to 5.9 per cent

OTTAWA — The Canadian economy posted its biggest monthly job loss since the financial crisis as the unemployment rate also pushed higher in November.

Statistics Canada said Friday the economy lost 71,200 jobs last month and the unemployment rate rose four-tenths of a percentage point to 5.9 per cent to its highest point since August 2018 when it hit six per cent.