Allied Properties REIT explores selling assets worth $1.3-billion to ease debt woes after interest rates soar

Allied Properties REIT explores selling assets worth .3-billion to ease debt woes after interest rates soar

Michael Emory, CEO of Allied Properties REIT, stands in the lobby of offices on Adelaide in Toronto.Ashley Hutcheson/The Globe and Mail Office property owner Allied Properties REIT AP-UN-T is considering the sale of its data-centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of … Read more

‘Pokémon Scarlet And Violet’ Have Sold More Than 10 Million Copies In Their First Three Days

‘Pokémon Scarlet And Violet’ Have Sold More Than 10 Million Copies In Their First Three Days

‘Pokémon Scarlet’ and ‘Violet’ have had amazing launch sales. Nintendo, The Pokémon Company It seems that pokemon scarlet and Purple have sold incredibly well, amassing more than 10 million sales in their first three days and breaking records in the process. Specifically, pokemon scarlet and Purple have sold more than 10 million copies worldwide in … Read more

Opinion: No, Lowe’s Canadian odyssey was not doomed from the outset

Opinion: No, Lowe’s Canadian odyssey was not doomed from the outset

Throughout its 15 years in Canada, Lowe’s head office was constantly distracted by bigger problems the chain faced in the US market: activist shareholders and unflattering comparisons with Home Depot.Alan Diaz/The Associated Press If only to save face, Lowe’s Companies chief executive officer Marvin Ellison had to come up with something good to say about … 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

Lowe’s leaves Canada, interest-free student loans and more temporary foreign workers: Must-read business and investing stories

Lowe’s leaves Canada, interest-free student loans and more temporary foreign workers: Must-read business and investing stories

US hardware giant Lowe’s has sold its Canadian retail operations, which includes 450 stores, to New York private equity firm Sycamore Partners for US$400-million in cash.Mark J. Terrill/The Associated Press Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and … Read more

Switch Sales Have Only Now Surpassed The Xbox One In The UK

Switch Sales Have Only Now Surpassed The Xbox One In The UK

Image: Gemma Smith/Nintendo Life We don’t need to tell you that the Nintendo Switch has proven to be a remarkable success since its launch over five years ago. The numbers speak for themselves; as per the last official announcement from Nintendo, global sales for the console have surpassed 111 million (although we should have some … Read more

Why selling HSBC Canada, the country’s most lucrative bank deal in decades, is unusually challenging

Why selling HSBC Canada, the country’s most lucrative bank deal in decades, is unusually challenging

HSBC’s Canadian bank has been very profitable, churning out $717-million in net income last year and its 13.3-per-cent return on equity makes it globally competitive.Fred Lum/The Globe and Mail The dream scenario Big Six bank chiefs used to salivate over has come true: HSBC Bank Canada, the country’s seventh-largest lender, is up for sale. Yet … Read more

Cameco buys stake in Brookfield nuclear company Westinghouse

Cameco buys stake in Brookfield nuclear company Westinghouse

Cameco Corp. CCO-T and Brookfield Asset Management Inc.’s BAM-A-T renewables company will acquire nuclear company Westinghouse Electric Co. for US$4.5-billion plus more than US$3-billion in assumed debt. The seller is another Brookfield unit, Brookfield Business Partners, which says it’s had a sixfold return on its 2018 investment. The sale reflects nuclear power’s hot status. The … Read more

Land value drives nine bids for 1950s Don Mills home

Land value drives nine bids for 1950s Don Mills home

Sotheby’s International Realty Canada 83 Larkfield Dr., Toronto Asking price: $1,995,000 (August, 2022) Selling price: $2,230,000 (August, 2022) Tax: $9,618 (2022) Days on the market: Two Listing agent: Elli Davis, Sotheby’s International Realty Canada The action This brick house has a split-level design typical of Don Mills, one of the first master-planned communities in Ontario … Read more

HSBC looks to sell Canadian operations that could fetch upwards of $10-billion

HSBC looks to sell Canadian operations that could fetch upwards of -billion

HSBC has put its Canadian business up for sale as part of a strategic review, exploring a possible deal that could fetch upwards of $10-billion as the British-based bank comes under pressure from its largest shareholder to boost its performance. “We are currently reviewing our strategic options with respect to our wholly owned subsidiary in … Read more