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Shareholder Luxor Capital Goup opposes Ritchie Bros. deal to buy IAA

Shareholder Luxor Capital Goup opposes Ritchie Bros. deal to buy IAA

TORONTO — A shareholder of Ritchie Bros. Auctioneers Inc. says the company's plan to buy vehicle auction company IAA Inc. lacks compelling logic and it plans to oppose the deal. Ritchie Bros. has signed a deal to buy the U.S.
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Hudson's Bay Company unveils 25 Zellers locations to open inside select stores

Hudson's Bay Company unveils 25 Zellers locations to open inside select stores

TORONTO — Hudson's Bay Company has unveiled a list of the first 25 Zellers locations to open inside select Hudson's Bay department stores across Canada.
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BMO receives regulatory approval for Bank of the West acquisition

BMO receives regulatory approval for Bank of the West acquisition

TORONTO — BMO Financial Group has secured the all-clear from U.S. regulators to close its US$16.3-billion takeover of California-based Bank of the West from BNP Paribas. The deal, expected to close on Feb.
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MTY Food Group hikes dividend amid post-pandemic restaurant rebound, new acquisitions

MTY Food Group hikes dividend amid post-pandemic restaurant rebound, new acquisitions

MONTREAL — MTY Food Group Inc. has raised its quarterly dividend as the operator and franchisor of restaurants like Cold Stone Creamery, Manchu Wok and Thai Express continues its post-pandemic rebound.
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Fed's Powell tests positive for COVID, has 'mild' symptoms

Fed's Powell tests positive for COVID, has 'mild' symptoms

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell tested positive Wednesday for COVID-19 and is experiencing “mild symptoms," the Federal Reserve announced.
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Women's tech collective Toast launches with aim to diversify hiring, reduce wage gaps

Women's tech collective Toast launches with aim to diversify hiring, reduce wage gaps

TORONTO — When Marissa McNeelands was hiring a senior artificial intelligence product manager last year, she asked recruiters to suggest an equal number of male and female candidates.
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Wholesale inflation in US slowed further in December to 6.2%

Wholesale inflation in US slowed further in December to 6.2%

WASHINGTON (AP) — Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight slowdown and a hopeful sign that inflation pressures will continue to cool. The latest year-over-year figure was down from 7.
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BDC leads US$50M funding round for Calgary-based lithium company

BDC leads US$50M funding round for Calgary-based lithium company

CALGARY — A new fund launched in November by the Business Development Bank of Canada to help foster the growth of homegrown climate technology has made its largest investment yet.
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Qantas plane lands safely after mayday call made over ocean

Qantas plane lands safely after mayday call made over ocean

SYDNEY (AP) — A Qantas flight traveling from New Zealand to Sydney landed safely after it issued a mayday call over the Pacific Ocean on Wednesday. Qantas Flight 144 landed at Sydney Airport from Auckland, New Zealand, after a 3.
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Nobel winner Maria Ressa, news outlet cleared of tax evasion

Nobel winner Maria Ressa, news outlet cleared of tax evasion

MANILA, Philippines (AP) — Nobel Peace Prize winner Maria Ressa and her online news company were cleared Wednesday of tax evasion charges she said were among a slew of legal cases used by former Philippine President Rodrigo Duterte to try to muzzle c
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