Toronto and Vancouver’s office vacancies on the rise as companies try to get rid of space

Toronto and Vancouver’s office vacancies on the rise as companies try to get rid of space

Office vacancy rates in downtown Toronto and Vancouver are climbing quickly, as well-known businesses such as Plenty of Fish, Air Miles and PricewaterhouseCoopers LLP try to get rid of unneeded space amid the shift to remote work and economic uncertainty. Toronto’s vacancy rate reached 15 per cent at the end of September, according to new … Read more

After criticism, European developer submits new Ontario Place design with more parkland

After criticism, European developer submits new Ontario Place design with more parkland

The European company set to build a spa and waterpark complex at Ontario Place says it has enlarged the planned parkland that would surround its facility.Therm Group The European company chosen to build a spa and waterpark at Ontario Place says it has listened to local concerns and enlarged the proposed parkland that would surround … Read more

Opinion: Disney’s fired CEO Bob Chapek was an absolute disaster – good riddance

Opinion: Disney’s fired CEO Bob Chapek was an absolute disaster – good riddance

Mickey Mouse waves during the 96th Macy’s Thanksgiving Day Parade in New York on Nov. 24.ANDREW KELLY/Reuters Gus Carlson is a US-based columnist for The Globe and Mail. There’s a basic guiding principle that every company leader must understand: Know your core business. Yet virtually every decision Bob Chapek made during his two years as … Read more

Huge Foxconn iPhone plant in China rocked by new worker unrest

Huge Foxconn iPhone plant in China rocked by new worker unrest

Hundreds of workers joined protests at Foxconn’s flagship iPhone plant in China, with some men smashing surveillance cameras and windows, footage uploaded on social media showed. The rare scenes of open dissent in China mark an escalation of unrest at the massive factory in Zhengzhou city that has come to symbolize a dangerous buildup in … Read more

Dentalcorp considers deals to sell itself a year after IPO

Dentalcorp considers deals to sell itself a year after IPO

Dentalcorp Holdings Ltd. DNTL-T, Canada’s largest consolidator of dental clinics, is considering selling itself just a year and a half after setting a record for an initial public offering of a health care company. Dentalcorp announced Monday its board had launched a strategic review to assess its options to “unlock shareholder value.” The company raised … Read more

Canadian-owned armored vehicle producer sparks concerns with new Uganda deal

Canadian-owned armored vehicle producer sparks concerns with new Uganda deal

An armored vehicle in the Sudan armed forces, deployed in Khartoum, manufactured by Streit Group, a Canadian-owned company.Geoffrey York/The Globe and Mail Ugandan President Yoweri Museveni, a long-ruling autocrat with a history of using deadly force to crush political protests, is telling his security forces to start buying their riot-control vehicles from a new source: … Read more

Alternative mortgage lender Home Capital to be bought by Smith Financial for $1.7-billion

Alternative mortgage lender Home Capital to be bought by Smith Financial for .7-billion

A company controlled by billionaire financier Stephen Smith has reached a deal to acquire alternative mortgage lender Home Capital Group Inc. HCG-T for $44 per share in cash, for a purchase price of nearly $1.7-billion. The offer from a subsidiary of Smith Financial Corp., which already owns 9.1 per cent of Home Capital, represents a … Read more

Ex-CFO says Donald Trump’s oldest sons raised his pay after learning of scheme

Ex-CFO says Donald Trump’s oldest sons raised his pay after learning of scheme

How did Donald Trump’s oldest sons – entrusted to run his real estate empire when he became president – ​​react when they learned that a top executive was scheming to dodge taxes on lavish corporate perks? They gave him a raise, according to testimony Friday at the Trump Organization’s tax fraud trial. Allen Weisselberg, the … Read more

Why FTX’s collapse conjures nightmares from 2008′s global financial crisis – and fears of crypto pyramid schemes

Why FTX’s collapse conjures nightmares from 2008′s global financial crisis – and fears of crypto pyramid schemes

Sam Bankman-Fried, the chief executive of FTX, during a panel at Crypto Bahamas conference in Nassau, Bahamas, on April 27.ERIKA P. RODRIGUEZ/The New York Times News Service More than one million direct creditors are estimated to suffer from FTX’s demise, but the cumulative pain from yet another crypto collapse is raising the specter of something … Read more

Algonquin must repair its finances – and investors’ trust

Algonquin must repair its finances – and investors’ trust

I’ve been a shareholder of Algonquin Power & Utilities Corp. (AQN-T) for more than a decade, and it’s been a terrific investment until now. Thanks to a combination of organic growth and profitable acquisitions, the renewable power producer and utility operator has steadily increased its asset base, earnings and dividends, rewarding shareholders with double-digit total … Read more