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Waterloo's OpenText to acquire U.K. software giant Micro Focus in $6B deal

Waterloo's OpenText to acquire U.K. software giant Micro Focus in $6B deal

Waterloo, Ont.-based tech company OpenText says it will acquire Micro Focus International plc in a deal valued at $6 billion. The all-cash deal will see OpenText acquire the U.K.
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Many Canadian doctors struggle with burnout, depression and anxiety: survey

Many Canadian doctors struggle with burnout, depression and anxiety: survey

TORONTO — The well-being of physicians across Canada has significantly decreased with many doctors reporting poorer mental health than before the COVID-19 pandemic, a new survey suggests.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,172.34, up 150.96 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down four cents, or 0.19 per cent, to $21.15 on 17.
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North American markets move higher as investors await Jackson Hole conference

North American markets move higher as investors await Jackson Hole conference

Canada's main stock index gained more than 150 points Thursday and U.S. markets also edged higher in advance of a highly anticipated meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index closed up 150.
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TD Bank follows peers in preparing for economic downturn, hitting Q3 profit

TD Bank follows peers in preparing for economic downturn, hitting Q3 profit

TORONTO — TD Bank Group followed several of its peers in reporting a profit drop for the third quarter as banks set aside funds for a potential recession ahead, even as loans continued to grow and consumer savings rates remained elevated.
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Bank of Canada starts search for new deputy governor with revised role

Bank of Canada starts search for new deputy governor with revised role

OTTAWA — The Bank of Canada has started its search for its next deputy governor, which it says will now be a part-time, non-executive role. The fourth deputy governor of the central bank will replace Timothy Lane, who is set to retire on Sept. 16.
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US stocks rise again as countdown to Fed speech nears end

US stocks rise again as countdown to Fed speech nears end

NEW YORK (AP) — Stocks are closing higher on Wall Street, clawing back more of their recent losses, as the countdown clicks closer to zero for a highly anticipated speech about interest rates. The S&P 500 rose 1.4% Thursday.
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CIBC sees profit dip as it set aside more money for potentially bad loans

CIBC sees profit dip as it set aside more money for potentially bad loans

TORONTO — CIBC reported a drop in earnings Thursday from a year ago as it set aside more money for potentially bad loans amid rising interest rates. The bank reported a net income of $1.67 billion in its third quarter, down from $1.
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Beware the high-wire act of wire transfers, which carry unexpected risks

Beware the high-wire act of wire transfers, which carry unexpected risks

TORONTO — When Alexander Nachaj needed to wire the down payment on a house, he didn't worry much about it — he just headed down to his local bank branch to send it along to the notary.
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Competition Bureau reaches deal with Parkland and Federated Co-operatives

Competition Bureau reaches deal with Parkland and Federated Co-operatives

OTTAWA — Parkland Corp. and Federated Co-operatives Ltd. have signed agreements with the Competition Bureau, which had raised concerns about their acquisition of 337 Husky retail gas stations.
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