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Hudson's Bay lease sale may negatively impact pension fund: OMERS' real estate arm

Hudson's Bay lease sale may negatively impact pension fund: OMERS' real estate arm

TORONTO — The real estate investment arm of one of the country's largest pension funds is worried about the value of its assets if a B.C. billionaire is able to buy Hudson's Bay leases at its properties.
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Barrick Mining reports rise is Q2 profits despite US$1-billion writedown on Mali mine

Barrick Mining reports rise is Q2 profits despite US$1-billion writedown on Mali mine

TORONTO — Barrick Mining Corp. took a US$1.04-billion charge in its second quarter related to its loss of control of a gold mine in Mali, but still reported a rise in profit thanks to higher gold prices and an asset sale.
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Travel doc info included in WestJet cyberattack, but not credit and debit cards

Travel doc info included in WestJet cyberattack, but not credit and debit cards

CALGARY — WestJet says some personal data including information about travel documents such as passports was stolen in a cyberattack earlier this year, but credit and debit card numbers as well as user passwords were not compromised.
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Paramount will become the new home to all UFC events in the US under 7-year deal with TKO Group

Paramount will become the new home to all UFC events in the US under 7-year deal with TKO Group

NEW YORK (AP) — Paramount will become the new home to Ultimate Fighting Championship events across the U.S. next year, through a seven-year agreement announced with TKO Group on Monday.
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ATB Financial signs deal to acquire independent investment bank Cormark Securities

ATB Financial signs deal to acquire independent investment bank Cormark Securities

EDMONTON — ATB Financial has signed a deal to acquire Cormark Securities Inc., an independent investment bank with offices in Toronto and Calgary. Financial terms of the deal were not immediately available.
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Software company Open Text names James McGourlay as interim CEO

Software company Open Text names James McGourlay as interim CEO

TORONTO — Software company Open Text Corp. has named veteran company executive James McGourlay as interim chief executive, effective immediately.
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Return trips from U.S. drop again in July as Canadians continue to shun U.S.

Return trips from U.S. drop again in July as Canadians continue to shun U.S.

OTTAWA — Statistics Canada says the number of Canadian-resident return trips from the U.S. by automobile in July dropped 36.9 per cent compared with a year ago, the seventh consecutive month of year-over-year declines.
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Ford to invest nearly $2 billion in Kentucky assembly plant to produce electric vehicles

Ford to invest nearly $2 billion in Kentucky assembly plant to produce electric vehicles

LOUISVILLE, Ky. (AP) — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models.
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Bell to provide customers free access to Perplexity Pro for a year in latest AI move

Bell to provide customers free access to Perplexity Pro for a year in latest AI move

MONTREAL — Bell Canada is partnering with Perplexity, an AI-powered conversational search engine, to give its customers a year of free artificial intelligence services.
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Ontario Teachers' earns 2.1 per cent net return for first half of 2025

Ontario Teachers' earns 2.1 per cent net return for first half of 2025

TORONTO — The Ontario Teachers' Pension Plan Board says it earned a six-month net return of 2.1 per cent for the first half of 2025. The fund's 12-month net return was 7.1 per cent. The pension fund manager says net assets totalled $269.
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