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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 16, 2018 5:02 PM Blue Rodeo, Miranda Lambert, Kamasi Washington announce Toronto concerts

Rapper, a YouTube gaming star, and much more headed for Toronto. Sharp-eyed country-music fans have known she was coming for some time, but Monday’s armload of concert announcements made it official: Miranda Lambert is coming to town on Aug 23. Lambert, with support acts Little Big Town, Turnpike Troubadours and Alberta’s Tenille Townes, takes to the Budweiser 15

April 7, 2018 9:00 AM Should National Gallery sell off international works to buy Canadian art?

The upcoming sale of a masterpiece by the National Gallery of Canada has started an interesting debate. Should Canada's gallery be selling off international works to pay for more Canadian art? The news has stirred a fierce debate within the Canadian art world: Should the National Gallery of Canada sell off its international collection to fund Canadian 11

April 2, 2018 4:04 PM Tory Lanez, Kenny Chesney and more announce Toronto concert dates

Rising Toronto-born rapper, country superstar, Jill Scott, some British indie-rock and a trio of Gen X faves all coming this summer. Toronto-born rapper Tory Lanez continues his rapid ascent by playing Rebel on July 4, promoter Live Nation announced Monday, leading a list of new local concert dates by country superstar Kenny Chesney, ’90s rockers Bush, and the Vaccines 17

April 1, 2018 4:53 PM Hudson's Bay Co. says Saks 5th Avenue stores affected by data breach

Company didn't say whether any Canadian locations were affected Hudson's Bay Co. says customer payment card information was involved in a "data security issue" at certain Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores in North America. It says the investigation is ongoing, but there's no indication that the breach affects the company's digital 11

March 27, 2018 4:56 PM Pharmaceutical company Novartis sells joint venture stake to GSK for $13 billion

GENEVA—Swiss pharmaceutical firm Novartis is selling its stake in a consumer health care joint venture with GlaxoSmithKline to the British company for $13 billion. The joint venture was formed in 2015 and Novartis holds a 36.5-per cent stake. Novartis CEO Vas Narasimhan said in a statement Tuesday that it “is progressing well,” but “the time is right 12

March 25, 2018 7:42 PM Calgary housing market faces 'moderate risk' of overvaluation

Soaring prices have put Calgary’s record-setting housing market at moderate risk of overvaluation, Canada Mortgage and Housing Corp. said Monday in a report that assessed conditions in the country’s biggest cities. Its House Price Analysis and Assessment looked at four risk factors in the Canadian housing market — overheating, acceleration in house prices 44

March 23, 2018 3:33 PM U.S. Congress invites Mark Zuckerberg to testify at future Facebook user data hearing

'Hearing will examine the harvesting and sale of personal information,' House committee says ​The leaders of the U.S. House energy and commerce committee on Friday wrote Facebook CEO Mark Zuckerberg detailing new concerns about the social media company's use of data and formally requesting that he testify at a future hearing. "The hearing will examine 38

March 22, 2018 9:13 PM Jukebox Hero: The Musical brings the songs of Foreigner to a Toronto stage

Musical being written by team behind The Commitments, Dick Clement and Ian La Frenais, to play Ed Mirvish Theatre next February. “As far as the writing of the songs, I’ve already taken care of that,” quipped Mick Jones of Foreigner at a news conference Thursday at the Sony Centre. The musical will feature 16 Foreigner hits including, of course, the anthem 14