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Magna International to buy Veoneer's active safety business for US$1.525 billion

Magna International to buy Veoneer's active safety business for US$1.525 billion

TORONTO — Magna International Inc. has signed a deal to buy Veoneer's active safety business from investment firm SSW Partners for US$1.525 billion in cash.
In a surprise move, Bank of Japan loosens bond yield cap

In a surprise move, Bank of Japan loosens bond yield cap

The Bank of Japan broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and dinged stocks in Asia.
Imperial Oil plans $1.7 billion in capital spending in 2023

Imperial Oil plans $1.7 billion in capital spending in 2023

CALGARY — Imperial Oil Ltd. is planning $1.7 billion in capital spending for next year.
Amazon to make big business changes in EU settlement

Amazon to make big business changes in EU settlement

Amazon has agreed to make major changes to its business practices to settle antitrust investigations that found the ecommerce giant gave itself an unfair advantage over rival merchants, European Union regulators said Tuesday.
'A long time coming’: Unifor’s new president on where workers stand in 2023

'A long time coming’: Unifor’s new president on where workers stand in 2023

TORONTO — The new president of Canada's largest private-sector union is looking to pave a new path heading into 2023 after a year filled with economic uncertainty and worker strikes, all on top of a months-long scandal that shook members' trust.
Employers boosting fertility treatment benefits but critics say provinces can do more

Employers boosting fertility treatment benefits but critics say provinces can do more

More companies are offering or boosting coverage for fertility treatments as they fill a void left by Canada's health-care system, which provides limited coverage in most of the country for people trying to have a baby.
FTX founder agrees to extradition to US, attorney says

FTX founder agrees to extradition to US, attorney says

Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas.
Teck to sell closed Quintette mine to Conuma Resources for $120M, plus royalties

Teck to sell closed Quintette mine to Conuma Resources for $120M, plus royalties

VANCOUVER — Teck Resources Limited says it has reached a deal to sell its closed Quintette steelmaking coal mine in northeast British Columbia to Conuma Resources Ltd.
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 Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,200.76, down 242.52 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or 0.90 per cent, to $40.60 on 15.7 million shares.
S&P/TSX composite suffers triple-digit losses as December decline continues

S&P/TSX composite suffers triple-digit losses as December decline continues

North American stock markets suffered broad-based declines Monday, continuing the downward momentum that's been the story for equities since the start of December. The S&P/TSX composite index was down 242.52 points at 19,200.76.