By Ketki Saxena
Investing.com - As broad-based risk sentiment dominated on worries of further aggressive moves from global central banks, the S&P/TSX Composite index reversed the morning's gains towards the close of the North American session, tracking a reversal in oil prices which sank again to 9-month lows.
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Scotiabank’s president and chief executive Brian Porter will be retiring at the end of January. He will be replaced by Finning International CEO Scott Thomson, who is also a current board member at Scotiabank (TSX:BNS).
As part of a consortium led by former Berkshire Hathaway Inc . (NYSE:BRKa) executive David Sokol, Fairfax Financial (TSX:FFH) Holdings Ltd raised its offer to buy Atlas Corp to US$4.4 billion. The cash bid increased to US $15.50 from $14.45 a share, representing a 14.6% premium on Friday’s closing price.
After the closing bell, investors will be watching for Q4 earnings from Dye& Durham. The software company last week cut its forward guidance and announced it would be walking away from its proposal to acquire Australia’s Link Administration.
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Statistics Canada announced early estimates for August wholesale sales. StatsCan estimates that wholesale sales rose 0.8%, reflecting higher sales in the food, beverage and tobacco subsector. These estimates are subject to revision.