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Special committee of Canaccord Genuity board to reject management-led buyout offer
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.
Feb 27, 2023 9:53 AM
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TD Bank to pay US$1.2 billion to settle Stanford Ponzi scheme lawsuit
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.
Feb 27, 2023 9:53 AM
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Tate: Romania OKs 3rd extension of influencer's detention
BUCHAREST, Romania (AP) — A Romanian court on Monday 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, an official said.
Feb 27, 2023 9:47 AM
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Pension fund manager OMERS earned 4.2% return for 2022
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.
Feb 27, 2023 9:04 AM
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'Virtual power plant' model could convince more Albertans to switch to solar
CALGARY — An electricity retailer in Alberta is betting it can entice more homeowners to make the switch to solar panels by launching what it calls Canada's first retail, 100 per cent green energy-based "virtual power plant.
Feb 26, 2023 8:00 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Bank earnings The parade of first-quarter results from Canada's big banks picks up this week with BMO Financial Group and Scotiabank reporting on Tuesday.
Feb 26, 2023 8:00 AM
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Iran's currency hits new low amid anti-government protests
DUBAI, United Arab Emirates (AP) — Iran’s currency fell to a new record low on Sunday, plunging to 600,000 to the dollar for the first time as the effects of nationwide anti-government protests and the breakdown of the 2015 nuclear deal continued to
Feb 26, 2023 4:37 AM
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G-20 meeting in India ends without consensus on Ukraine war
BENGALURU, India (AP) — A meeting of finance chiefs of the Group of 20 leading economies ended on Saturday without a consensus, with Russia and China objecting to the description of the war in Ukraine in a final document.
Feb 25, 2023 6:28 AM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,219.19, up 31): Suncor Energy Inc. (TSX:SU). Energy. Up 98 cents, or 2.17 per cent, to $46.22 on 10 million shares.
Feb 24, 2023 3:15 PM
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S&P/TSX holds steady despite U.S. market jitters over potential rate hikes
Canada's main stock index held firm Friday, buoyed by sturdy energy and financial sectors despite an initial dip prompted by a jitter-inducing inflation report out of the U.S. Meanwhile, U.S. markets fell Friday.
Feb 24, 2023 2:58 PM
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