January 25th, 2021

Business

Italian premier to offer resignation as government wobbles

By The Associated Press on January 25th, 2021

ROME – Italian Premier Giuseppe Conte will formally tell his wobbly coalition government on Tuesday that he intends to offer his resignation, his office said Monday. Conte survived two confidence votes in Parliament last week but crucially lost his absolute majority in the Senate with the defection of a centrist ally, ex-Premier Matteo Renzi. That ... Read More »

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TFI expanding North American reach with US$800 million acquisition of UPS Freight

By The Canadian Press on January 25th, 2021

MONTREAL – Trucking and logistics firm TFI International Inc. is expanding its reach in a deal to buy UPS Freight for about US$800 million. Most of the business being acquired from UPS will operate independently within TFI’s less-than-truckload business under a new name, TForce Freight. The transport of freight that does not need the entire ... Read More »

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N.S. food delivery startup offers restaurants lower fees, customer service control

By Brett Bundale, The Canadian Press on January 25th, 2021

HALIFAX – Delivery was never on the menu at restaurateur Craig Flinn’s neighbourhood eateries. Even when spring lockdowns shuttered restaurants and forced diners to stay home, the chef and proprietor of Two Doors Down offered only curbside pickup, rejecting the sky-high fees charged by food-service delivery companies. “I flat-out refused,” says Flinn, who has two ... Read More »

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Telus International prices public offering in bid to expand digital business

By The Canadian Press on January 25th, 2021

VANCOUVER – Telus Corp. says it is planning a US$958.3 million public offering for its subsidiary Telus International, as it brings on outside investors to boost its digital and artificial intelligence business. Documents filed with the U.S. Securities and Exchange Commission say Telus International expects to price its shares between US$23 and US$25 each on ... Read More »

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Shell buys European electric car charging firm ubitricity

By The Associated Press on January 25th, 2021

BERLIN – Oil and gas giant Shell is buying ubitricity, a major provider of electric vehicle charging points in Europe. Shell said Monday that it would buy a 100% stake in the Berlin-based startup, without disclosing the price. “The move represents a further step in Shell’s efforts to support drivers as they switch to lower-carbon ... Read More »

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Greece, France sign $2.8 billion fighter jet deal

By Derek Gatopoulos, The Associated Press on January 25th, 2021

ATHENS, Greece – Greece signed a 2.3 billion-euro ($2.8 billion) deal with France on Monday to purchase 18 Rafale fighter jets, as tensions remain high with neighbour Turkey. Florence Parly, the French defence minister, signed the agreement in Athens to deliver 12 used and six new aircraft built by Dassault Aviation over two years, starting ... Read More »

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Premium Brands, Indigenous groups complete $1-billion bid to buy Clearwater

By The Canadian Press on January 25th, 2021

HALIFAX – A billion-dollar deal that marks the single biggest investment in Canada’s seafood industry by an Indigenous group was finalized on Monday, with one First Nation’s chief calling it a “significant achievement for the Mi’kmaq.” Vancouver-based Premium Brands Holdings Corp. and a coalition of First Nations in Atlantic Canada have each acquired half ownership ... Read More »

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U.S. president to sign executive orders enacting stringent new Buy American regimen

By The Canadian Press on January 25th, 2021

WASHINGTON – Less than a week after the economic gut punch of Keystone XL, Canada is bracing for more bad news today from the White House. President Joe Biden is enacting a new Buy American regime to ensure U.S. workers and companies reap the benefits of government spending. The plan promises to increase the amount ... Read More »

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Technology sector helps lift Toronto market in early trading, U.S. markets mixed

By The Canadian Press on January 25th, 2021

TORONTO – Gains in the technology sector helped lift Canada’s main stock index even as the heavyweight energy and metals and mining sectors fell in early trading. The S&P/TSX composite index was up 11.80 points at 17,857.71. In New York, the Dow Jones industrial average was down 154.69 points at 30,842.29. The S&P 500 index ... Read More »

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Payette shouldn’t get same benefits as other ex-governors general: O’Toole

By The Canadian Press on January 25th, 2021

OTTAWA – Conservative Leader Erin O’Toole says it’s not appropriate for former governor general Julie Payette to receive the customary benefits afforded to those who’ve left the post. Payette resigned last week ahead of the release of a report concluding she oversaw a highly toxic work environment at Rideau Hall. Former governors general are entitled ... Read More »

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Premium Brands, Indigenous groups’ $1-billion bid to buy Clearwater completed

By The Canadian Press on January 25th, 2021

HALIFAX – A billion-dollar deal that marks the single biggest investment in Canada’s seafood industry by an Indigenous group has been finalized. Vancouver-based Premium Brands Holdings Corp. and a coalition of First Nations in Atlantic Canada say their acquisition of Clearwater Seafoods Inc. has been completed. The Mi’kmaq First Nations partnership and Premium Brands have ... Read More »

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