February 2018 Archives

Ontario helps small business and commercial sectors

Small businesses are getting an injection to give them the help to continue to grow. Ontario is giving small business owners added tools to help them with such things as hiring and training employees. The initiative, called Small Business Access, will have all these tools in one location to make it less complicated to access. In essence, it's a one-stop shop for entrepreneurs.

Weston fattens its coffers in huge mergers and acquisitions deal

One of Canada's most wealthy families, the Westons, is aiming to create a real estate investment trust (REIT) worth almost $4 billion. In the world of mergers and acquisitions in Canada, this deal will see Choice Properties REIT, a Weston holding that's traded publicly, buy Canadian Real Estate Investment Trust (CREIT), bringing Weston's portfolio to 752 properties.  The company's holdings currently include Loblaw's, Shopper's Drug Mart and the Joe Fresh fashion line.

Business and commercial law: Fairfax buys part of Carillion

A recent deal between two companies is saving about 4,500 jobs. Carillion Canada recently filed papers in court for protection against its creditors, but Fairfax Financial Holdings Ltd. decided to buy the company's facilities management sector. This particular part of the business will provide services to places such as airports, health care and defence facilities, along with oil, mining and gas companies as well as to retail and commercial facilities. In this business and commercial deal, thousands of Carillion jobs in Canada will be saved and moved over to Fairfax.

Mergers and acquisitions: Accounting firms make major deals

Experts have said  business deals around accounting companies will be on the rise in 2018. They said they are expecting a busy year with increases in mergers and acquisitions, and recent business deals in Canada with some high-profile companies may prove those predictions correct. Grant Thornton, MNP and BDO recently announced mergers that are starting 2018 off with a business bang.

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