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National Business
National Business
Gains mostly fade for stocks, leaving Wall Street mixed
NEW YORK (AP) — Stocks gave up early gains and drifted to a mixed close on Wall Street. Weakness in health care companies worsened throughout the day.
Jan 9, 2023 4:15 PM
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Bank CEOs say cash reserves are ready ahead of potential slowdown
TORONTO — Canada's big banks say they have the cash reserves needed ahead of a potential economic slowdown, while minimizing the risks it poses to their finances.
Jan 9, 2023 4:07 PM
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Manitoba reveals new tourism slogan to pitch to post-pandemic visitors
WINNIPEG — Manitoba's tourism industry has a new slogan and marketing campaign to try to lure more visitors.
Jan 9, 2023 3:03 PM
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Nova Scotians warned about 'pig-butchering' crypto scam that has cost victims $750K
HALIFAX — The Nova Scotia securities regulator is warning about a cryptocurrency scam that has so far cost residents hundreds of thousands of dollars.
Jan 9, 2023 1:29 PM
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Energy price volatility to continue in 2023 amid geopolitical uncertainty: Deloitte
TORONTO — Energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues, Deloitte said.
Jan 9, 2023 12:19 PM
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Gonez Media acquires Toronto's Now Magazine, plans relaunch under Now banner
TORONTO — Online media company Gonez Media (GMI) says it has acquired Now Magazine. Financial terms of the agreement were not immediately available. Now Magazine published its last print edition last year, but has maintained its website.
Jan 9, 2023 11:45 AM
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Cenovus says extreme winter weather affected refinery production
CALGARY — Cenovus Energy Inc. says its refinery throughput for the fourth quarter of 2022 and the first quarter of 2023 will be weaker than expected.
Jan 9, 2023 11:35 AM
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TMX Group buys 21% stake in VettaFi Holdings for $234 million
TORONTO — TMX Group Ltd. has signed a deal to buy a 21 per cent stake in VettaFi Holdings LLC for $234 million. U.S.-based VettaFi is a privately owned data, analytics, indexing and digital distribution company.
Jan 9, 2023 10:29 AM
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Management-led group makes takeover bid for Canaccord Genuity
TORONTO — A management-led group of Canaccord Genuity Group Inc. employees has made a takeover bid for the company valued at $1.127 billion. The employee group is offering $11.25 per share for the financial services firm.
Jan 9, 2023 9:45 AM
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Payment technology company Nuvei signs deal valued at US$1.3B to buy Paya
MONTREAL — Payment technology company Nuvei Corp. has signed a deal to buy U.S. company Paya Holdings Inc. valued at US$1.3 billion. Under the agreement, Montreal-based Nuvei will pay US$9.75 per share in cash.
Jan 9, 2023 9:26 AM
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