National Business

TORONTO — Tim Hortons is considered part of the fabric of Canada, but long before the chain became synonymous with the country, it had humble beginnings as a coffee and doughnut shop.

TORONTO — Gold miner Agnico Eagle Mines Ltd. has acquired a minority stake in Canada Nickel Co. Ltd. in what it says is an early stage investment in the growing critical minerals sector. Under the deal, Agnico Eagle says it has bought 19.

WINNIPEG — Great-West Lifeco Inc. says it has closed the sale of Putnam Investments. The company first announced the deal to sell the business to Franklin Resources Inc., which operates as Franklin Templeton, in May 2023.

TORONTO — Hydro One Ltd. says chief financial and regulatory officer Chris Lopez is stepping down on June 30 to pursue other opportunities. The company says it will now begin an internal and external search for his replacement.

Canada’s 100 highest-paid CEOs broke records with their compensation in 2022, according to the Canadian Centre for Policy Alternatives. “The data this year is breaking new all-time highs,” said senior economist David Macdonald.

Asian markets opened the year on a downward trend after Wall Street benchmarks ticked lower on the last trading day of 2023. U.S. futures were mixed and oil prices gained more than $1 a barrel. Japan's markets were closed for a holiday.

OTTAWA — A national recall has been issued for a brand of hypoallergenic infant formula over concerns it may be contaminated with a bacteria.

HALIFAX — Not so long ago, the largest community in Cape Breton was best known as home to one of the most toxic waste sites in North America: the infamous Sydney tar ponds.

TORONTO — The Forlers could see their family of five was growing fast and would soon need a bigger place to live. So they started to think farther afield. Brandon Forler said he found their dream home in Cochrane, Alta.

As of 2024, the CPP includes a new, second earnings ceiling. For those who make more than a given amount, additional payroll deductions now apply.