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National Business
National Business
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 8:45 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 8:35 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 7:29 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 6:45 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 6:26 AM
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Lululemon raises revenue guidance, but lowers expectations for gross margins
VANCOUVER — Lululemon Athletica Inc. raised its revenue guidance for its fourth quarter, but lowered its expectations for its gross margins. The company, which keeps its books in U.S.
Jan 9, 2023 6:24 AM
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Czech ex-Premier Babis acquitted in EU funds fraud case
PRAGUE (AP) — A Prague court on Monday acquitted former Prime Minister Andrej Babis of fraud charges in a $2 million case involving European Union subsidies.
Jan 9, 2023 1:13 AM
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Homebuyers hope 'patience pays off' as prices drop, recession predictions loom
TORONTO — Andrew Hamilton and his wife bid farewell to their home in Toronto's Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.
Jan 8, 2023 7:00 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: Banking conference RBC Capital Markets hosts its Canadian bank CEO conference on Monday.
Jan 8, 2023 7:00 AM
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'Three Amigos' gather this week in Mexico City to talk North American excellence
WASHINGTON — Familiar North American irritants — U.S. protectionism, intransigence on continental trade, irregular migration — return to the fore this week as the so-called "Three Amigos" meet for a trilateral summit in Mexico City.
Jan 8, 2023 4:00 AM
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