Desjardins Group, North America’s largest financial services co-operative, agreed to acquire the assets of Canadian investment manager Hexavest Inc., adding C$5 billion ($4.1 billion) in institutional funds. The purchase is in line with a the co-operative’s growth goal of targeting C$100 billion in assets under management by
Ottawa to launch $2.6B home retrofit program today. The Canadian government is introducing a new initiative today that will provide Canadians with up to $5,000 in subsidies to help them pay for energy-saving home improvements.According to a federal government source familiar with the scheme, the Canada
The U.S. moved to set up a dispute-settlement panel to review Canada’s dairy quotas, which Washington alleges undermine the ability of American dairy exporters to sell a wide range of products to Canadian consumers. The U.S. is challenging Canada’s tariff-rate quotas, or TRQs, which apply a
However, don't use the invasive, biting insects as an arachnid repellent in your house. Bring on the fire ants to make a spider flee. Or, more precisely, their chemical signals.Researchers report in Royal Society Open Science on May 19 that certain spiders commonly found in North
Canada’s Algoma Steel Inc. is in talks to go public through a merger with Legato Merger Corp., a blank check-firm, according to people with knowledge of the matter. A deal is set to value the combined entity at more than $1 billion, one of the people said, asking not
Satellite data is being mined to hunt down hidden sources of pollution. Spotting methane plumes, a potent greenhouse gas, is at the top of the list for many countries. A cloud of methane was detected by satellite over a natural gas field in Canada, identifying a hidden source of pollution from one of North America’s most
Alphabet Inc.’s Google said it’s working with Shopify Inc. to let more merchants sell across the search giant’s properties and beef up its e-commerce business. The news, announced during Google’s I/O software developer conference, sent Shopify shares up more than 5%. With the new integration, Google said Shopify’s 1.7
Canadian dream of a house with a yard is becoming unaffordable as real estate prices surge and space to build runs short. Canada’s housing market is running hotter than just about anywhere else in the world. But despite the anxiety about irrational bidding wars and fears of the bubble bursting, what's fundamentally driving
KKR & Co. has agreed to buy sustainability consultancy ERM Group Inc. at a time when the business world is paying ever-closer attention to green issues amid pressure from investors. The private equity firm has acquired a majority stake in ERM from Canada’s Omers Private Equity and Alberta Investment
Canadian industrial prices are rising at the fastest pace in more than 40 years amid soaring demand for lumber. Factory prices rose 14.2% in April from a year earlier, the biggest gain since 1980, according to an early estimate released Thursday by Statistics Canada. The price increases were led
