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

Negotiators at COP27 strike potential breakthrough deal on climate fund

Negotiators at COP27 strike potential breakthrough deal on climate fund

A general view of the entrance to the Sharm El-Sheikh International Convention Center grounds, during the COP27 climate summit, in Sharm el-Sheikh, Egypt, Nov. 19, 2022.MOHAMED ABD EL GHANY/Reuters Negotiators say they have struck a potential breakthrough deal on the thorniest issue of United Nations climate talks in Egypt: the creation of a fund for … Read more

Quebecor did not want Shaw Mobile’s ‘heavily subsidized’ customers in deal to acquire Freedom Mobile

Quebecor did not want Shaw Mobile’s ‘heavily subsidized’ customers in deal to acquire Freedom Mobile

Quebecor Inc. QBR-BT did not want Shaw Mobile’s customers included as part of its $2.85-billion deal to acquire Shaw Communications Inc.’s SJR-BT wireless assets because they did not fit the company’s business model, an executive for Quebecor’s Videotron Ltd . subsidiary told the Competition Tribunal. Earlier this year, Rogers Communications Inc. RCI-BT and Shaw agreed … Read more

Ontario Teachers’ Pension Plan faces a hit on investment in crypto trading platform FTX

Ontario Teachers’ Pension Plan faces a hit on investment in crypto trading platform FTX

A big cryptocurrency investment by the Ontario Teachers’ Pension Plan is in jeopardy amid the latest market turmoil for the sector. Teachers, which is Canada’s third-largest pension fund, invested in trading platform FTX Ltd. a year ago at an announced US$25-billion valuation. Teachers watched Tuesday as FTX sold itself to rival Binance Holdings Ltd. after … Read more

RTX 3070-powered Asus TUF Dash F15 drops to US$999 in latest gaming laptop sale

RTX 3070-powered Asus TUF Dash F15 drops to US9 in latest gaming laptop sale

Best Buy has an intriguing deal for the RTX 3070 configuration of the Asus TUF Dash F15 gaming laptop (Image: Asus) The well-performing gaming laptop made by the reputable Taiwanese manufacturer is currently discounted by a notable US$500, which makes the Asus TUF Dash F15 one of the most affordable gaming laptops with an RTX … Read more

Competition Bureau wants full block of Rogers-Shaw deal

Competition Bureau wants full block of Rogers-Shaw deal

The Competition Bureau is attempting to block the merger of Canada’s two largest cable companies, arguing that the deal would reduce competition and result in higher cellphone bills, poorer service and less choice for consumers.DADO RUVIC/Reuters The Competition Bureau says it will only accept a full block of Rogers Communications Inc.’s RCI-BT acquisition of Shaw … Read more

Alberta NDP says BC doctor deal a wake-up call to Smith to knock off pseudo-science

Alberta NDP says BC doctor deal a wake-up call to Smith to knock off pseudo-science

Alberta’s Opposition NDP leader says a proposed pay deal for BC doctors is a wake-up call to Premier Danielle Smith to knock off the pseudo-science and put down the wrecking ball aimed at the province’s health system. Rachel Notley says the BC contract shows the race is on for scarce talent in the health field … Read more

Bidding for HSBC Canada narrows as two major banks drop out

Bidding for HSBC Canada narrows as two major banks drop out

All six of Canada’s largest banks held preliminary meetings for possible bids in the auction for the Canadian arm of Britain-based HSBC Holdings Inc., but sources say two potential bidders have backed away.Sean Kilpatrick/The Canadian Press The field of contenders to acquire HSBC Bank Canada is narrowing, with at least two major Canadian banks now … Read more

Rogers, Shaw, Quebecor say mediation talks with Canada’s competition watchdog failed to resolve merger objections

Rogers, Shaw, Quebecor say mediation talks with Canada’s competition watchdog failed to resolve merger objections

A woman holds two cellphones in this photo illustration, Monday March 29, 2021 in Chelsea, Que. THE CANADIAN PRESS/Adrian WyldAdrian Wyld/The Canadian Press The proposed $26-billion merger between Rogers Communications Inc. and Shaw Communications Inc. is headed for a lengthy tribunal hearing, after mediation talks failed to resolve the Competition Bureau’s objections to the deal. … Read more

Ottawa attaches conditions to Quebecor’s acquisition of Freedom Mobile as part of Rogers-Shaw merger

Ottawa attaches conditions to Quebecor’s acquisition of Freedom Mobile as part of Rogers-Shaw merger

Industry Minister Fran├žois-Philippe Champagne laid out strict conditions under which he would allow Quebecor Inc. QBR-A-T to acquire Shaw Communications Inc.’s SJR-BT wireless business, a transaction that could help clear the way for Shaw’s proposed $26- billion merger with Rogers Communications Inc. RCI-BT. He made his comments days before Rogers and Shaw were set to … Read more