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Payment technology company Nuvei signs deal valued at US$1.3B to buy Paya

Payment technology company Nuvei signs deal valued at US$1.3B to buy Paya

MONTREAL — Payment technology company Nuvei Corp. has signed a deal to buy U.S. company Paya Holdings Inc. valued at US$1.3 billion. Under the agreement, Montreal-based Nuvei will pay US$9.75 per share in cash.
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Lululemon raises revenue guidance, but lowers expectations for gross margins

Lululemon raises revenue guidance, but lowers expectations for gross margins

VANCOUVER — Lululemon Athletica Inc. raised its revenue guidance for its fourth quarter, but lowered its expectations for its gross margins. The company, which keeps its books in U.S.
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Czech ex-Premier Babis acquitted in EU funds fraud case

Czech ex-Premier Babis acquitted in EU funds fraud case

PRAGUE (AP) — A Prague court on Monday acquitted former Prime Minister Andrej Babis of fraud charges in a $2 million case involving European Union subsidies.
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Homebuyers hope 'patience pays off' as prices drop, recession predictions loom

Homebuyers hope 'patience pays off' as prices drop, recession predictions loom

TORONTO — Andrew Hamilton and his wife bid farewell to their home in Toronto's Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Banking conference RBC Capital Markets hosts its Canadian bank CEO conference on Monday.
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Cooler hiring and milder pay gains could aid inflation fight

Cooler hiring and milder pay gains could aid inflation fight

WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring .
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S&P/TSX composite gains 300 points Friday, U.S. markets up more than 2 per cent

S&P/TSX composite gains 300 points Friday, U.S. markets up more than 2 per cent

TORONTO — Canada's main stock index rose 1.58 per cent Friday on broad-based gains while U.S. markets were all up by more than two per cent. The S&P/TSX composite index was up 307.67 points at 19,814.51.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,814.51, up 307.67): Suncor Energy Inc. (TSX:SU). Energy. Up $1.03, or 2.50 per cent, to $42.16 on 11.4 million shares.
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Wall Street rallies on rate hopes, notches gain for the week

Wall Street rallies on rate hopes, notches gain for the week

NEW YORK — Wall Street rallied amid hopes inflation may continue to cool and the Federal Reserve may ease up on its interest rate hikes following some mixed readings on the U.S. economy. The S&P 500 shook off a shaky start and closed 2.
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Alzheimer's drug that modestly slows disease OK'd by FDA

Alzheimer's drug that modestly slows disease OK'd by FDA

WASHINGTON (AP) — U.S. health officials on Friday approved a closely watched Alzheimer’s drug that modestly slows the brain-robbing disease, albeit with potential safety risks that patients and their doctors will have to carefully weigh.
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