Sears Canada assessing revised bid, receives creditor protection extension
Sears Canada has just over a week to assess another revised bid from a buyer group led by its executive chairman as its lenders press
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
TD to open cybersecurity office in Tel Aviv, plans to spend up to $5M
Toronto-Dominion Bank is opening a new office in Tel Aviv to tap Israel’s cybersecurity talent as companies of all stripes race to fortify their defences
CMHC looks to Airbnb in bid to boost withering supply of affordable rental units
Canada’s housing agency is looking to an unlikely ally in a bid to boost the stock of affordable rental housing: Airbnb. The head of the
Feds receive more warnings over tax proposals as public consultation closes
With its public outreach winding down, the Trudeau government received fresh warnings this week from major industry associations about the negative fallout from its controversial
RioCan to sell 100 properties worth about $2B over two to three years
Canada’s largest real-estate trust says it’s planning to sell about $2 billion worth of properties – primarily open-air malls or power centres – in secondary
Canada needs to nurture local tech champions and protect research, says AI pioneer
Some of the biggest names in tech are lining up to join Canada’s burgeoning artificial intelligence sector, but harnessing the sector’s full potential depends on
Five Canadian business stories to watch this week
Bombardier’s no good, very bad week: After having its CSeries jets slapped with a 219 per cent duty by the U.S. Commerce Department on Tuesday,
Stop the presses? Newspapers snubbed in Liberal government’s cultural policy
The Canadian government’s new cultural strategy all but snubs so-called legacy media, industry experts say, and left out some key measures that could have given
Morneau talks of ‘technical fixes’ to reassure farmers over tax proposals
Finance Minister Bill Morneau tried to reassure farmers Thursday that Ottawa’s controversial tax proposals, if introduced, wouldn’t impair their ability to bequeath the family farm
Metro says it’s in talks with Jean Coutu about possible merger
Another Canadian grocery store and pharmacy chain conglomerate could be on the horizon as Metro Inc. and Jean Coutu Group are “engaged in exclusive discussions”
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