Business
Phoena CEO Greg Guyatt steps down, Corné Melissen takes helm of pot company
By The Canadian Press on February 27th, 2023
VAUGHAN, Ont. – Phoena Inc. says chief executive Greg Guyatt has resigned. The Vaughan, Ont. cannabis company says Guyatt’s resignation was effective Feb. 24 and comes three years after he joined the business. Guyatt is leaving the company behind the Liiv, SYNR.G, Xscape and Estora brands to “pursue new challenges and opportunities.” He has been ... Read More »
Be the first to comment!Rural Ontario parents say mobile autism support services difficult to access
By The Canadian Press on February 27th, 2023
OTTAWA – More Ontario parents are raising concerns with the province’s autism program, which was revamped in 2017. Lori Byveld says her 13-year-old son needs at least two behavioural therapy sessions per week through the Children’s Hospital of Eastern Ontario. She lives outside Ottawa, so she signed up for at-home therapy because it’s not feasible ... Read More »
Be the first to comment!Porter partners with a Montreal airport to build South Shore terminal
By The Canadian Press on February 27th, 2023
TORONTO – Porter Aviation Holdings Inc. says it is partnering with the Montreal Saint-Hubert airport to develop a new terminal as the company aims to broaden its footprint in Quebec. The owner of regional carrier Porter Airlines says it aims to apply the same strategy in Montreal as it has in Toronto, where it has ... Read More »
Be the first to comment!UK, EU hail ‘new chapter’ with deal to fix Brexit trade spat
By Jill Lawless, The Associated Press on February 27th, 2023
LONDON (AP) – The U.K. and the European Union sealed a deal on Monday to resolve their thorny post-Brexit trade dispute over Northern Ireland, hailing the agreement as the start of a “new chapter” in their often fractious relationship. British Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen announced the grandly ... Read More »
Be the first to comment!Special committee of Canaccord Genuity board to reject management-led buyout offer
By The Canadian Press on February 27th, 2023
TORONTO – A special committee of independent directors at Canaccord Genuity Group Inc. says it will recommend shareholders do not accept a buyout offer by a management-led group of employees. The recommendation comes after an independent valuation prepared for the committee put the fair market value of the shares higher than the employee group’s offer ... Read More »
Be the first to comment!TD Bank to pay US$1.2 billion to settle Stanford Ponzi scheme lawsuit
By Ian Bickis, The Canadian Press on February 27th, 2023
TORONTO – TD Bank Group said Monday it will pay US$1.2 billion to settle a lawsuit related to one of the largest Ponzi schemes ever orchestrated. The bank, along with several other financial institutions, was about to face trail in the case in Texas for its alleged role in the $7 billion scheme operated by ... Read More »
Be the first to comment!Base metals and energy stocks help lift S&P/TSX composite, U.S. stocks also higher
By The Canadian Press on February 27th, 2023
TORONTO – Strength in the base metal and energy sectors helped lead Canada’s main stock index higher in late-morning trading, while U.S. stock markets also moved up. The S&P/TSX composite index was up 67.58 points at 20,286.77. In New York, the Dow Jones industrial average was up 88.72 points at 32,905.64. The S&P 500 index ... Read More »
Be the first to comment!Tate: Romania OKs 3rd extension of influencer’s detention
By Stephen Mcgrath And Andreea Alexandru, The Associated Press on February 27th, 2023
BUCHAREST, Romania (AP) – An official says a Romanian court has upheld a third 30-day detention for the divisive influencer and former professional kickboxer Andrew Tate, who is held on suspicion of organized crime and human trafficking. Tate lost his appeal Monday against a judge’s Feb. 21 decision to extend his arrest a third time ... Read More »
Be the first to comment!Pension fund manager OMERS earned 4.2% return for 2022
By The Canadian Press on February 27th, 2023
TORONTO – OMERS says it earned an investment return of 4.2 per cent for 2022 as gains in its private investments lifted its results even as global stock and bond markets tumbled lower. The return for 2022 followed a gain of 15.7 per cent in 2021. The pension fund manger for municipal employees in Ontario ... Read More »
Be the first to comment!U.S. auto parts supplier signs deal to buy Quebec’s Uni-Select in $2.8-billion deal
By The Canadian Press on February 27th, 2023
BOUCHERVILLE, Que. – LKQ Corp. has signed a deal to buy Quebec-based Uni-Select Inc. in a roughly $2.8-billion deal that aims to boost the U.S. automotive equipment supplier’s aftermarket business amid a thriving market. Under the agreement, LKQ will pay $48 per Uni-Select share in cash for the aftermarket auto parts distributor. The purchase marks ... Read More »
Be the first to comment!UK says Sunak, von der Leyen seal deal to fix EU trade spat
By Jill Lawless, The Associated Press on February 27th, 2023
LONDON (AP) – The U.K. and the European Union ended years of wrangling and acrimony on Monday, sealing a deal to resolve their thorny post-Brexit trade dispute over Northern Ireland. Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen signed off on the deal at a meeting in Windsor, England. Afterwards Sunak ... Read More »
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