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April 23, 2018 4:43 PM Toys "R" Us ends Canadian stores auction with Fairfax as sole bidder

Hearing to approve sale to be held Tuesday in a Virginia court Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's Canadian operations. According to U.S. bankruptcy court documents, the auction received no qualified bids other than the stalking horse offer from Toronto-based 11

April 20, 2018 4:08 PM Fairfax Financial in $300M bid for Toys 'R' Us Canadian operations

Auction of Toys 'R' Us Canadian operations to take place on April 23 Ahead of an auction scheduled next week for the Canadian assets of Toys "R" US, Fairfax Financial Holdings Ltd. has put in a $300-million offer. According to court documents filed April 19 with the the United States Bankruptcy Court for the eastern district of Virginia, Toys "R" Us plans 7

April 19, 2018 7:24 PM Developer unveils plans for massive highrise complex at Bloor and Dundas

Choice Properties on Thursday revealed a plan that calls for multiple highrise towers offering 2,500 residential units and office space for more than 3,000. Bloor and Dundas is undergoing a big change, which developers say could bring thousands of residential housing units, jobs, park space, and a new modernized school. Choice Properties REIT revealed 14

April 17, 2018 4:22 PM Air Canada to offer premium price lie-flat seats on some flights

Routes with the perk will include overnight daily flights from Vancouver, Los Angeles and San Francisco to Toronto, the airline says. Routes with the lie-flat seats will include overnight daily flights from Vancouver, Los Angeles and San Francisco to Toronto, the airline says. This new service, branded as Air Canada Signature Service, will also include 10

April 15, 2018 4:53 PM Alberta wildfire was ‘traumatic, stressful’ for Parks Canada staff, report says

Waterton Lakes National Park was evacuated on Sept. 8, 2017, as a nearby fire was poised to spread into the southwestern Alberta park. “This is not a helpful nor compassionate answer, and needs to be reconsidered,” Thomsen wrote. “Your intervention is requested ASAP.” Parks Canada said in an emailed statement that employees who lived within park boundaries 12

April 13, 2018 3:45 PM Toys 'R' Us stores in Canada, U.S. draw $890M bid

Bid includes $675 million to buy U.S stores and $215 million for Canadian outlets The head of U.S. toy company MGA Entertainment Inc. revealed Friday that he has made a formal bid to acquire the Toys "R" Us stores in both Canada and the United States. In a release, Isaac Larian, the CEO of MGA Entertainment, said the bid is for $675 million US to buy the U.S stores 14

April 11, 2018 7:05 PM Fox Networks raided by EU antitrust authorities

The raid, which is part of an investigation into the distribution of sports-media rights, has provided fodder for opponents of Fox’s takeover of Sky, the big European pay-TV service. Fox Networks and Ziggo Sport were among companies raided by European Union antitrust regulators as part of a probe into the distribution of sports-media rights. The inspections 13

April 11, 2018 4:23 PM Rail link connecting Newfoundland, Labrador would cost $1.7 billion: report

The fixed link under the Strait of Belle Isle would also take 15 years to complete. ST. JOHN’S, N.L. — A new study says a single rail link connecting Labrador to the island of Newfoundland would cost about $1.7 billion and take 15 years to complete. Premier Dwight Ball released the preliminary study on the economic feasibility of a fixed link under the Strait 8

April 9, 2018 8:00 AM North American workers wait for raises as job growth continues: Don Pittis

A NAFTA deal could boost wages which should make the economy more efficient, not less One of the simplest rules of economics is that when things are in short supply, prices rise enough to make the problem go away. Yet as unemployment rates in Canada and the United States reach lows not seen for decades, so far, that rule seems to have been broken 13

April 3, 2018 4:41 PM Albertans would be hardest hit by interest rate hikes, Royal Bank says

Households in Alberta will feel the most pressure from rising interest rates, because residents in the province carry the highest debt loads in the country, according to a new report from the Royal Bank of Canada. Households in Alberta will feel the most pressure from rising interest rates because residents in the province carry the highest debt loads 13