NAFTA: As deadline nears, Trudeau, Trump discuss prospects of quick deal

NAFTA: As deadline nears, Trudeau, Trump discuss prospects of quick deal
WASHINGTON — President Donald Trump and Prime Minister Justin Trudeau discussed the possibility Monday of immediately wrapping up a NAFTA deal despite signs of skepticism about whether that goal is feasible. U.S. officials are sounding less than bullish about the prospects of a NAFTA deal by week’s end, which is considered the unofficial deadline for finalizing an agreement this year. That’s because some... Read More

Brookfield in $4.2-billion bid for Australian health-care provider Healthscope

Brookfield in $4.2-billion bid for Australian health-care provider Healthscope
TORONTO — Brookfield Asset Management Inc. has made a $4.2-billion bid for Australian hospital group Healthscope Ltd. that has trumped a rival bid for the health-care provider. Healthscope says the unsolicited, non-binding indicative proposal came in at $2.41 cash per share, topping a bid of $2.27 it received in late April from a consortium of financial investors. Melbourne-based Healthscope says Brookfield has... Read More

Jean Coutu price was high but will pay long-term dividends, says Metro CEO

Jean Coutu price was high but will pay long-term dividends, says Metro CEO
MONTREAL — The cost of buying the Jean Coutu Group was high but the pill wasn’t too difficult to swallow because it will generate a good return on the investment, Metro Inc. chief executive Eric La Fleche said Monday. “Yes, the price was not ‘cheap,’ but it was justified and the potential is there,” he said after speaking to the Canadian Club... Read More

A&W’s first female CEO doubles down on burger chain’s growth strategy

A&W’s first female CEO doubles down on burger chain’s growth strategy
The first woman to take the helm of A&W Food Services of Canada Inc. spent nearly three decades preparing to lead the company and said the transition “happened very naturally,” even if the possibility first crossed her mind five years ago. Susan Senecal, who in February became the company’s fifth CEO in its 62-year history, plans to double down on the fast-food chain’s... Read More

Feds stepping up inspections of foreign worker job sites following audit

Feds stepping up inspections of foreign worker job sites following audit
OTTAWA — The federal Liberal government, chastised last year in an auditor’s report that found a lack of oversight of Canada’s controversial temporary foreign workers program, is stepping up employer inspections and naming and shaming those caught breaking the rules. Since the start of the year, roughly 1,600 employers have been flagged as “high-risk employers” and selected for inspections by the Employment... Read More

Owners of multimillion dollar Vancouver home owners say they can’t stomach tax bump

Owners of multimillion dollar Vancouver home owners say they can’t stomach tax bump
VANCOUVER — Lynne Kent says owning a home in Vancouver that’s valued at $4 million isn’t the blessing it may appear to be. She and her husband are among a small group of homeowners in British Columbia facing a tax bump on homes assessed at over $3 million who say they simply can’t afford it — a claim that some are questioning. “I... Read More

DHX Media to cut its debt load with money from Sony-Peanuts deal: CEO

DHX Media to cut its debt load with money from Sony-Peanuts deal: CEO
DHX Media Ltd. said Monday the sale of nearly half of its stake in the Peanuts entertainment business to a Sony Corp. division for $237 million in cash will help reduce the Canadian animation company’s debt load and improve its operating results. The Halifax-based company will retain 41 per cent of the Peanuts empire, which revolves around characters such as Snoopy, Charlie Brown and... Read More

Aurora Cannabis to buy rival MedReleaf in $3.2 billion all-stock friendly deal

Aurora Cannabis to buy rival MedReleaf in $3.2 billion all-stock friendly deal
TORONTO — Aurora Cannabis Inc.’s friendly $3.2-billion all-stock deal to acquire MedReleaf Corp. marks the biggest transaction to date in Canada’s nascent marijuana industry and creates what MedReleaf’s CEO describes as “the undisputed world leader in cannabis”. The transaction will create a cannabis behemoth capable of producing more than 570,000 kilograms of marijuana per year, the companies said Monday, as the... Read More