NordStar raises bid for Torstar Corp. to $60 million days after rival offer

NordStar raises bid for Torstar Corp. to $60 million days after rival offer
TORONTO — A Canadian investment firm attempting to purchase Torstar Corp. has upped its bid in response to a rival offer for the media conglomerate. NordStar Capital LP has amended its agreement to purchase the owner of the Toronto Star and other community newspapers, saying it will now pay $60 million instead of the initially agreed-upon $52 million. Its offer of 74 cents... 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: Statistics Canada report Statistics Canada is scheduled to release its analysis of the effects of changing consumption patterns on consumer price indexes on Monday. The agency recently reported that the annual pace of inflation pulled back even further in May due to a drop... Read More