Article content (Bloomberg) — Canadian women’s clothing retailer Groupe Dynamite Inc. launched its initial public offering with a dual-class share structure and a valuation of C$2.3 billion ($1.7 billion), a deal that would cement its top executive as a billionaire. The company behind the Garage and Dynamite chains said in public filings that Andrew Lutfy, […]
Article content (Bloomberg) — Prime Minister Justin Trudeau warned that US workers would suffer the consequences of any tariffs or trade barriers imposed on Canadian goods by Washington. “The interconnectedness between the supply chains in Canada and the United States, the reliableness of Canada as a partner to so many, and so much of the […]
Article content (Bloomberg) — Canadian asset manager Fiera Capital Corp. is losing a C$5.5 billion ($4 billion) mandate as another fund manager ends its sub-advisory deal with the firm. Fiera announced Friday that Canoe Financial LP will end the companies’ arrangement in January, which involves both Fiera and PineStone Asset Management Inc., a firm run […]
Article content (Bloomberg) — Dye & Durham Ltd shares fell as much as 13%, the most in a year, after Canada’s Competition Bureau obtained a court order to investigate alleged anti-competitive conduct at the legal and business software company. The probe is focused on Dye & Durham’s conveyancing software used in residential real estate transactions. […]
Breadcrumb Trail Links PMN Business Meta Platforms Inc. has granted approval for US government agencies and defense contractors to use its AI models, opening the door for Meta’s technology to play a key role in military and national security efforts. Author of the article: Bloomberg News Kurt Wagner Published Nov 04, 2024 • 3 minute […]
Article content (Bloomberg) — OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook. The group led by Saudi Arabia and Russia had intended to begin a series of monthly production increases by adding […]
Article content (Bloomberg) — Air Canada posted quarterly earnings that beat estimates while announcing a new buyback program, boosting the airline’s shares the most in more than a year. The Montreal-based company raised its full-year outlook for adjusted Ebitda, a measure of profit that excludes items such as taxes and interest, to C$3.5 billion ($2.5 […]
Article content (Bloomberg) — Canada’s largest pension fund and Singapore’s GIC Pte are in advanced talks to back PSG Equity’s plan to transfer $1.8 billion of company stakes into a new vehicle designed specifically for this type of asset-shifting. PSG plans to move roughly a half-dozen investments from several older funds into a new one […]
Breadcrumb Trail Links PMN Business Million Air, a luxury aviation company catering to the ultra-rich and high-flying executives, is borrowing $120.5 million from Wall Street to expand its operations in Austin to meet pent-up demand for hangar space to park private jets. Author of the article: Bloomberg News Erin Hudson and Amanda Albright Published Oct […]
Breadcrumb Trail Links PMN Business General Motors Co. said governments in Canada are pulling back on subsidies for electric cars at an awkward time — just as they want carmakers to ramp up sales of cleaner vehicles. Author of the article: Bloomberg News Thomas Seal Published Oct 24, 2024 • 2 minute read A Chevrolet […]