July 2018 Archives

Mergers and acquisitions: Group wants aeroplane business

Two Canadian banks along with the nation's airline made a hostile bid recently for the Aeroplan rewards program of Aimia Inc. The bid, worth $2.25 billion, and which involves Air Canada, rocked the world of mergers and acquisitions in Canada. The bid was a shocker in the business world since about a year ago Air Canada said it would be cutting its ties with Aimia to start its own reward program.

Business and commercial: Costco offers online shopping, delivery

One of the largest bulk buying chains in Canada has introduced a new service. In business and commercial news, Costco is now adding online shopping and delivery to its roster of services. The company is putting its feelers out for the new service in Southern Ontario first before rolling it out to the rest of the province and into Quebec. Shoppers who spend upwards of $75 can take advantage of the service.

Mergers and acquisitions: Company receives $10M termination fee

A medical marijuana grower in Aylmer has been paid $10 million after it was pushed aside in a business deal. In terms of mergers and acquisitions deals, the Ontario grower was set to merge with a larger foreign company in what would have been a $240-million deal. The other company inked a deal with the nation's biggest grower instead.

Business and commercial: Tariffs and hot dog toppings

The tariff war between Canada and the United States is not being very complimentary to condiments. When it comes to business and commercial decisions, Canada's mustard seed farmers are breathing a collective sigh of relief. Canada has decided to drop mustard seed from its list of items on its retaliatory tariffs list, but ketchup, its cousin, is still on that list.

Mergers and acquisitions: Insurance companies looking healthy

The nation's three largest insurance companies are seeing real action in many respects. At their annual general meetings recently Canada's Great-West Lifeco, Manulife and Sun Life Financial presidents let their shareholders and employees know about what's been happening. In the world of mergers and acquisitions, Great-West Lifeco is on the acquisitions trail, Manulife is focused on customer service, while Sun Life continues to grow.

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