Saudi Aramco seeks record-setting IPO with value up to $1.7T

Saudi Aramco seeks record-setting IPO with value up to $1.7T
DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale, potentially becoming the most-valuable initial public offering in history. The newly released figures also revealed a valuation for the company that’s between $1.6 trillion and... Read More

Beyond self-checkouts: Carts, apps look to make grocery shopping hassle-free

Beyond self-checkouts: Carts, apps look to make grocery shopping hassle-free
Shoppers pushing one of 10 new smart carts at a Toronto Sobeys store can scan their items on the spot, track their total bill and accept payment, which means they can skip the cashier or self-checkout altogether. The artificial intelligence-equipped carts are the latest aspect in grocers’ efforts to streamline the shopping experience as consumers became increasingly accustomed to convenience. Despite all the advancements found... Read More

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: Bank of Canada speech Bank of Canada senior deputy governor Carolyn Wilkins will give a speech Tuesday to the International Finance Club of Montreal on safeguarding the financial system. Last week, the central bank’s chief operating officer Filipe Dinis called for greater collaboration between... Read More