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National Business
National Business
Schwartz officially steps down as Onex CEO as share plan approved
TORONTO — Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive.
May 11, 2023 11:02 AM
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Insolvencies in Canada in March up 28.3% year-over-year, report says
OTTAWA — The total number of insolvencies in Canada in March was up 28.3 per cent compared with the same month last year as both consumer and business insolvencies climbed higher.
May 11, 2023 10:30 AM
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Weekly US jobless claims highest since 2021, but companies avoid risk of being caught short-handed
The number of Americans filing for unemployment benefits last week rose to its highest level in a year-and-a-half, though jobs remain plentiful by historical standards even as companies cut costs as the economy slows.
May 11, 2023 9:10 AM
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Summer on a shoestring budget: Tips for surviving summer break as camp costs rise
Kelly Ho knows the importance of planning ahead — it's literally in her job description. But this year, as summer camp registration opened up, the financial planner and mom of two was travelling for work.
May 11, 2023 9:00 AM
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Crosspoint signs deal to buy Absolute Software for US$657 million
VANCOUVER — Absolute Software Corp. has signed a deal to be acquired by Crosspoint Capital Partners for US$657 million. Under the agreement, shareholders of the Vancouver-based security software company will receive US$11.50 per share in cash.
May 11, 2023 7:51 AM
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In major climate step, EPA proposes 1st limits on greenhouse gas emissions from power plants
WASHINGTON (AP) — The Biden administration proposed new limits Thursday on greenhouse gas emissions from coal- and gas-fired power plants, its most ambitious effort yet to roll back planet-warming pollution from the nation’s second-largest contributo
May 11, 2023 7:42 AM
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US wholesale price data for April points to easing inflation pressures
WASHINGTON (AP) — Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates.
May 11, 2023 7:25 AM
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CI Financial shares soar after deal to sell stake in U.S. wealth management business
TORONTO — Shares in CI Financial Corp. soared after it announced a deal to sell a 20 per cent stake in its U.S. wealth management business to a group of institutional investors for about $1.34 billion. Shares in the company were up $5.
May 11, 2023 7:01 AM
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Brookfield reports US$424-million first-quarter net income
TORONTO — Brookfield Corp. reported first-quarter net income of US$424 million, down from US$2.96 billion in the same quarter last year. The company, which keeps its books in U.S.
May 11, 2023 6:46 AM
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Algonquin Power and Utilities launches strategic review of renewable energy group
OAKVILLE, Ont. — Algonquin Power and Utilities Corp. says it has launched a strategic review of its renewable energy group. The company, which terminated its deal to buy Kentucky Power Company and AEP Kentucky Transmission Co. Inc.
May 11, 2023 5:44 AM
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