Quebec firm Group Mach makes rival offer for Transat worth $14 per share
Quebec real estate developer Group Mach Inc. has made a takeover bid for Transat AT Inc. worth $14 per share or $527.6 million in cash,
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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.
Small business to get help on energy efficiency upgrades from carbon tax money
Small businesses in the four provinces with a national carbon price will share $1.4 billion over the next four years to help them reduce their
Central bank holds rate as it balances domestic economic pickup with trade risks
The Bank of Canada left its key interest rate steady Wednesday as it looked to balance mounting evidence of a domestic economic pickup against the
Balsillie decries toxic, unchecked technology at big data committee
A Canadian high-tech pioneer says a “toxic” social media business model is a threat to democracy. Jim Balsillie, the retired chief executive of Research In
Ontario government cancels retroactive cuts to municipalities
Ontario’s Progressive Conservative government has backed down on retroactive funding cuts to municipalities after sustained pressure from local leaders, who warned of devastating impacts to
Feds launch tourism strategy to boost sector’s revenues 25% by 2025
Tourism Minister Melanie Joly says a federal new tourism strategy can boost international visits to Canada during non-peak seasons by more than a million people.
Feds launch tourism strategy to boost sector’s revenues 25% by 2025
Tourism Minister Melanie Joly says a federal new tourism strategy can boost international visits to Canada during non-peak seasons by more than a million people.
Long-awaited end to Canada’s tariff standoff with U.S. finally at hand
Canada’s year-long standoff with the Trump administration over punitive U.S. steel and aluminum tariffs is finally over, removing a key hurdle in efforts to ratify
Provinces asking feds for $138 million to help buy out flooded properties
Flood-ravaged provinces are asking the federal government to provide almost $138 million to move or buy out homeowners affected by previous years’ inundations, according to
Update: Air Canada stock hits new high on news of exclusive talks to buy Transat AT
Air Canada’s interest in buying rival Transat AT Inc. for about $520 million got positive feedback from industry watchers and stock traders after the two
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