Business
Interprovincial migration helps fuel tight Calgary housing market as inventory falls
By The Canadian Press on April 1st, 2024
CALGARY – The Calgary Real Estate Board says March home sales were up 9.9 per cent from last year as interprovincial migration to Alberta contributed to tight market conditions. The board says 2,664 units changed hands last month, while the benchmark price across all home types was $597,600 for March – up 10.9 per cent ... Read More »
Be the first to comment!HSBC Canada branches reopening under RBC brand with takeover complete
By The Canadian Press on April 1st, 2024
TORONTO – RBC is reopening HSBC Canada branches under its own brand on Monday after closing its takeover of the bank last week. Ahead of the deal closing, RBC said it would also be shuttering 25 of HSBC Canada’s roughly 130 branches as part of its optimization of its branch network. The $13.5-billion acquisition of ... Read More »
Be the first to comment!Donald Trump’s social media company lost $58 million last year. Freshly issued shares tumble
By The Associated Press on April 1st, 2024
NEW YORK (AP) – Less than a week after a flashy stock market debut, Donald Trump’s social media company is disclosing that it lost nearly $58.2 million in 2023. Losses in 2023 for Trump Media & Technology Group – whose flagship product is Truth Social – mark a stark decline compared with the profit of ... Read More »
Be the first to comment!Payment technology company Nuvei Corp. signs deal to be taken private
By The Canadian Press on April 1st, 2024
MONTREAL – Payment technology firm Nuvei Corp. says it has signed a deal to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ. Under the agreement, shareholders will receive US$34 per share in cash in a deal that puts an enterprise value of US$6.3 billion on the company. Nuvei ... Read More »
Be the first to comment!Canadian Press NewsAlert: Nuvei Corp. signs deal to be taken private
By The Canadian Press on April 1st, 2024
MONTREAL – Nuvei Corp. says it has signed a deal to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ. Shareholders will receive US$34 per share in cash in a deal that puts an enterprise value of US$6.3 billion on the company. More coming. Companies in this story: (TSX:NVEI)... Read More »
Be the first to comment!Pembina Pipeline closes Alliance, Aux Sable purchases; raises guidance
By The Canadian Press on April 1st, 2024
CALGARY – Pembina Pipeline Corp. says it has closed its previously announced $3.1-billion purchase of Enbridge Inc.’s stakes in the Alliance pipeline and Aux Sable gas processing facility. The completed transaction sees the Calgary-based Pembina – which already owned 50 per cent of Alliance and 42.7 per cent of Aux Sable – acquire Enbridge’s 50 ... Read More »
Be the first to comment!Ballard shares up after signing largest order ever with European bus maker Solaris
By The Canadian Press on April 1st, 2024
VANCOUVER – Shares of Ballard Power Systems were up more than 10 per cent after it announced a long-term supply agreement with European bus manufacturer Solaris Bus & Coach that it called its largest order ever for fuel cell engines. Ballard shares were up 59 cents at $4.36 in late-morning trading on the Toronto Stock ... Read More »
Be the first to comment!Alex Murdaugh gets 40 years in federal prison for stealing from clients and his law firm
By Jeffrey Collins, The Associated Press on April 1st, 2024
CHARLESTON, S.C. (AP) – For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. Murdaugh was punished – this time in federal court – for stealing from clients and ... Read More »
Be the first to comment!Airlines, shippers pitch feds on sustainability to keep up with other countries
By The Canadian Press on April 1st, 2024
Airlines and marine shippers are asking Ottawa to beef up funding for sustainable transport that would be put toward infrastructure projects and updates to existing systems. Ahead of the federal budget to be tabled later this month, a pair of transportation groups say incentive programs, loans and grants are essential to help companies reduce carbon ... Read More »
Be the first to comment!Browning West releases plan for Gildan to cut costs and grow market share
By The Canadian Press on April 1st, 2024
MONTREAL – An activist investor seeking to reinstate Glenn Chamandy as chief executive of Gildan Activewear Inc. says it wants to reduce costs at the clothing manufacturer and increase its market share in a bid to boost its earnings and share price. Browning West LP has nominated eight people including Chamandy for election to the ... Read More »
Be the first to comment!Firms, consumers more optimistic about economy amid expected rate cuts: BoC surveys
By The Canadian Press on April 1st, 2024
OTTAWA – The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank released its business outlook and consumer expectations surveys today, which show increased optimism as people expect interest rate cuts are nearing. Although ... Read More »
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