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RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up

RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up

TORONTO — The chief executive of one of the country's most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty.
Schwartz officially steps down as Onex CEO as share plan approved

Schwartz officially steps down as Onex CEO as share plan approved

TORONTO — Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive.
Insolvencies in Canada in March up 28.3% year-over-year, report says

Insolvencies in Canada in March up 28.3% year-over-year, report says

OTTAWA — The total number of insolvencies in Canada in March was up 28.3 per cent compared with the same month last year as both consumer and business insolvencies climbed higher.
Weekly US jobless claims highest since 2021, but companies avoid risk of being caught short-handed

Weekly US jobless claims highest since 2021, but companies avoid risk of being caught short-handed

The number of Americans filing for unemployment benefits last week rose to its highest level in a year-and-a-half, though jobs remain plentiful by historical standards even as companies cut costs as the economy slows.
Summer on a shoestring budget: Tips for surviving summer break as camp costs rise

Summer on a shoestring budget: Tips for surviving summer break as camp costs rise

Kelly Ho knows the importance of planning ahead — it's literally in her job description. But this year, as summer camp registration opened up, the financial planner and mom of two was travelling for work.
Crosspoint signs deal to buy Absolute Software for US$657 million

Crosspoint signs deal to buy Absolute Software for US$657 million

VANCOUVER — Absolute Software Corp. has signed a deal to be acquired by Crosspoint Capital Partners for US$657 million. Under the agreement, shareholders of the Vancouver-based security software company will receive US$11.50 per share in cash.
In major climate step, EPA proposes 1st limits on greenhouse gas emissions from power plants

In major climate step, EPA proposes 1st limits on greenhouse gas emissions from power plants

WASHINGTON (AP) — The Biden administration proposed new limits Thursday on greenhouse gas emissions from coal- and gas-fired power plants, its most ambitious effort yet to roll back planet-warming pollution from the nation’s second-largest contributo
US wholesale price data for April points to easing inflation pressures

US wholesale price data for April points to easing inflation pressures

WASHINGTON (AP) — Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates.
CI Financial shares soar after deal to sell stake in U.S. wealth management business

CI Financial shares soar after deal to sell stake in U.S. wealth management business

TORONTO — Shares in CI Financial Corp. soared after it announced a deal to sell a 20 per cent stake in its U.S. wealth management business to a group of institutional investors for about $1.34 billion. Shares in the company were up $5.
Brookfield reports US$424-million first-quarter net income

Brookfield reports US$424-million first-quarter net income

TORONTO — Brookfield Corp. reported first-quarter net income of US$424 million, down from US$2.96 billion in the same quarter last year. The company, which keeps its books in U.S.