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National Business
National Business
Insurance regulator takes action against life insurance sales practices
TORONTO — Ontario's insurance regulator says it has taken enforcement action after finding widespread deficiencies related to the sale of life insurance products.
Oct 3, 2023 9:36 AM
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Brookfield raises US$12 billion for new global private equity fund
TORONTO — Brookfield Asset Management Ltd. says it has raised US$12 billion for its latest global private equity fund. The company says Brookfield Capital Partners VI is the largest private equity fund it has raised.
Oct 3, 2023 9:29 AM
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Calgary home sales jump 29 per cent in September, hitting record high
CALGARY — The Calgary Real Estate Board says there were 2,441 home sales in September, setting a record high last month.
Oct 3, 2023 9:25 AM
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Private sector plays key role in boosting housing supply but must 'up its game': CMHC
Canada Mortgage and Housing Corp.'s deputy chief economist says the private sector must be given the proper incentives to invest more in housing in order to address the need for 3.5 million additional units by 2030.
Oct 3, 2023 9:02 AM
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More evidence that the US job market remains hot after US job openings rise unexpectedly in August
WASHINGTON (AP) — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.
Oct 3, 2023 8:32 AM
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Shopify CEO discouraging staff from side hustles that divert attention from company
OTTAWA — The chief executive of Shopify Inc. is discouraging staff from taking on side gigs that divert their attention away from the company.
Oct 3, 2023 6:56 AM
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IA Financial buying U.S. insurance company Vericity for US$170 million
QUEBEC — IA Financial Corp. has signed a deal to buy U.S. insurance company Vericity Inc. for US$170 million in a move to grow its business in the United States.
Oct 3, 2023 6:10 AM
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EQB signs deal for 75 per cent stake in alternative asset manager ACM Advisors
TORONTO — EQB Inc. has signed a deal to acquire a 75 per cent stake in independent alternative asset manager ACM Advisors Ltd. Financial terms of the cash-and-share agreement were not immediately available.
Oct 3, 2023 4:57 AM
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Neighbourly Pharmacy signs deal with largest shareholder to go private
TORONTO — Neighbourly Pharmacy Inc. has signed an agreement to be taken private by its largest shareholder in a deal that values the company at about $916 million. Under the letter of intent, Persistence Capital Partners (PCP) has offered to pay $20.
Oct 3, 2023 4:32 AM
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Central Kansas police chief who led raid on small weekly newspaper has resigned, official says
TOPEKA, Kan. (AP) — The police chief who led an August raid on a small weekly newspaper in central Kansas has resigned, just days after he was suspended from his post, a City Council member confirmed Monday.
Oct 2, 2023 5:56 PM
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