Business

Couche-Tard’s dashed French merger won’t end global ambitions of founder Bouchard

The low-profile Canadian businessman built Couche-Tard from a single store in Quebec in 1980 to a global network of convenience…

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Couche-Tard’s bid for Carrefour gets ‘a clear and final no’ from French finance minister

“Food security is strategic for our country so that’s why we don’t sell a big French retailer,” French Finance Minister…

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Canadian homes sales up 47% year-over-year in December, prices up 13%

Home sales set another all-time record in the last month of 2020, data from the Canadian Real Estate Association show.…

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France opposes Couche-Tard’s $25B Carrefour bid citing food security

France’s finance minister objected to the takeover bid in public remarks, citing ‘strategic challenges.’ Read More source

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CERB repayment: What are your options if you can’t afford it?

The CRA said it will work with taxpayers who can’t afford to repay the CERB they received amid the COVID-19…

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New York City cancelling Trump business contracts after U.S. Capitol riots

“I’m here to announce that the city of New York is severing all contracts with the Trump Organization,” New York…

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Couche-Tard exploring combination with French grocery giant Carrefour

A deal could help Canada’s convenience-store operator expand into the supermarket business and Europe. Read More source

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Shaw Communications reports $163M Q1 profit, up from $162M a year ago

The cable and wireless company says the profit amounted to 31 cents per diluted share for the quarter ended Nov.…

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Markets bet on Bank of Canada ‘micro rate cut’ amid tightening coronavirus restrictions

The Bank of Canada has ruled out negative interest rates, so further easing would likely be a so-called “micro rate…

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GM makes push into electric delivery vehicle business, will supply FedEx with vans

Shares of General Motors jumped General Motors Co shares jumped as the automaker announced its entry into the growing electric…

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Deutsche Bank won’t do future business with Trump in wake of U.S. Capitol riots: Report

The move, reported by the NYT comes as Signature Bank – where Trump’s ethics disclosures show he has checking and…

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Received CERB payments? Watch your mailbox for T4A tax slips from the CRA

Canadians that received emergency coronavirus benefits in 2020 will begin receiving their T4A slips, which the Canada Revenue Agency is…

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RBC CEO says at least 4M Canadians need to be vaccinated before reopening economy

Canada’s top bank CEO believe an economic rebound is on the horizon, but warn the short-term looks difficult. Read More…

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Bitcoin faces biggest one-day drop since March after red-hot rally

If sustained, the one-day drop would be the biggest since COVID-19 caused chaos in financial markets in March. Read More…

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Staples offers to buy Office Depot owner nearly five years after second takeover bid rejected

The U.S. Federal Trade Commission blocked Staple’s US$6.3 billion offer in 2016, saying the merger could reduce competition. Read More…

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Canada lags far behind pioneering Norway in phasing-out gasoline vehicles

Data from the Norwegian Road Federation shows that 54.3% of all new cars sold in Norway last year were electric-only,…

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December lockdown was ‘the last straw.’ Job numbers show impact of new COVID-19 restrictions

As of StatCan’s last count, 1.1 million Canadian workers had either lost their job or were working on reduced hours…

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Bitcoin rally ‘blows-the-doors-off prior bubbles,’ Bank of America says

Bitcoin jumped to fresh record highs Friday. Read More source

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