MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M

MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M
MONTREAL — MTY Food Group Inc. is growing beyond the shopping mall food court with a $248-million stock-and-cash deal to buy Imvescor Restaurant Group Inc. and its full-service restaurant and grocery products businesses. The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor’s Baton Rouge, Pizza Delight and Scores restaurants to create... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,103.51, up 7.44 points) Pure Technologies Ltd. (TSX:PUR). Technology. Up $4.47, or 100.68 per cent, to $8.91 on 13.2 million shares. The Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc.... Read More

Construction to go ahead on Site C dam, but cost soars to $10.7 billion

Construction to go ahead on Site C dam, but cost soars to $10.7 billion
VICTORIA — The Site C hydroelectric dam will be completed with the backing of British Columbia’s NDP government, but it is warning the price tag will be higher than estimated. Site C was projected to cost $8.3 billion to complete, but the government now estimates the project will total $10.7 billion. “Megaproject mismanagement by the old government has left B.C. in a terrible situation,” Premier John... Read More

Onex Corp. to buy venue manager SMG Holdings for undisclosed price

Onex Corp. to buy venue manager SMG Holdings for undisclosed price
TORONTO — Onex Corp. (TSX:OCX) says it has agreed to acquire a U.S. company that manages hundreds of sports, entertainment and business venues including Soldier Field, home to the NFL’s Chicago Bears. The Toronto-based private equity company didn’t disclose how much it will pay for privately held SMG Holdings Inc., in partnership with its existing management team. The deal is... Read More

Calgary-based water pipeline company accepts $509M offer from New York partner

Calgary-based water pipeline company accepts $509M offer from New York partner
CALGARY — A Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc. Pure Technologies Ltd. says the offering price of $9 per share or $509 million in cash is more than double its closing share price last Friday. The stock rose to $8.93 on Monday morning. Xylem CEO... Read More

SNC-Lavalin reaches agreement to repay Quebec municipalities for contracts

SNC-Lavalin reaches agreement to repay Quebec municipalities for contracts
MONTREAL — Engineering giant SNC-Lavalin has reached agreement to pay restitution to seven Quebec municipalities for obtaining contracts through questionable means. Neil Bruce, CEO of the Montreal-based engineering and construction firm, says the settlements under the province’s voluntary reimbursement program are “final and fair.” The provincial government launched the program in November 2015 aimed at recovering money paid in connection with... Read More

Lyft starts global expansion with Toronto service launch Tuesday

Lyft starts global expansion with Toronto service launch Tuesday
TORONTO — Ride-hailing service Lyft will launch its service in Toronto on Tuesday, marking its first expansion outside the United States. The addition of Lyft brings increased competition to Uber in Canada’s largest city. The company announced plans to expand to Toronto last month, but had not set a date for its start. Lyft will operate between Hamilton and Oshawa, Ont., and as... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,096.07, up 80.39 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 41 cents, or 6.14 per cent, to $7.09 on 13.9 million shares. Canopy Growth Corp. (TSX:WEED). Health care. Up $1.17, or 6.41 per cent, to $19.42 on 5.3 million shares. Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up $2.68, or... Read More

Nova Scotia commits another $25 million to two venture capital funds

Nova Scotia commits another $25 million to two venture capital funds
HALIFAX — Nova Scotia’s government has plans to put another $25 million into two venture capital funds, with the expectation that other Atlantic provinces and private investors will join it as well. Innovacorp Inc., a Crown agency that already has invested in a $65-million regional venture capital fund started in 2013, announced today plans to put a second round of investment into startup... Read More

GM Canada proposing first of its kind renewable energy project at Ontario facility

GM Canada proposing first of its kind renewable energy project at Ontario facility
OSHAWA, Ont. — General Motors of Canada is proposing to build a renewable energy project at its St. Catharines Propulsion Plant in Ontario, a first of its kind endeavour for the automaker which it estimates will reduce greenhouse gas emissions by 77 per cent from the facility. The project proposes to build a 6.4 megawatt co-generation plant that will use renewable landfill... Read More