Report on Business - The Globe and Mail

telecoms

Aggressive discounts by BCE, Rogers and Telus keep Ottawa happy – but hurt their chances of winning investors back

Share prices for the companies are struggling and a weaker return on investment will make it harder to bring their stocks back to life

economy

The U.S. Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

A rate reduction this fall – the first since the pandemic – would amount to a momentous shift and a potential boost to the U.S. economy

mining

BHP and Lundin Mining to buy Filo for $3.25-billion

BHP and Lundin have offered $33 per Filo share, reflecting a 12.2 per cent premium

tech

BlackBerry replaces CFO as company sheds loyalists to ex-CEO John Chen

Tim Foote replaces Steve Rai as chief financial officer as the tech company makes three internal finance promotions

Judge strikes claims from sexual-harassment suit against BlackBerry and CEO, saying case lacks substance

real estate

How former child TV star Robby Clark’s crumbling real estate empire has left hundreds of private lenders on the hook

Today’s highlights

Trans Mountain Corp. to have new CEO as Farrell moves to board chair role

Read this before you bite into A&W’s proposed new publicly traded company

Manipulated video shared by Elon Musk mimics Kamala Harris’ voice, raising concerns about AI in politics

Point Lepreau station is among North America’s worst-performing nuclear power plants. Can NB Power turn it around?

Why unemployment is rising, but jobless benefits aren’t keeping pace

Fresh quakes damage West Texas area with long history of tremors caused by oil and gas industry

A teenaged Donovan Bailey was delivering fish and chips at record speed

Funds dump copper as rising stocks dampen bull spirits

Which of these 17 managerial mistakes are you making?

Opinion

Paris Olympics is a waste of money. So is Canada’s hosting World Cup

Ontario should be thanking Ford for pivoting away from electric vehicles

Bitcoin’s Trump pump: Why the star of crypto rises with the Republican nominee

Britain is planning a housing revolution - Canada should take note

Employees accused of workplace misconduct can become the victim. If accused, here are your legal rights

Personal Finance

A teenaged Donovan Bailey was delivering fish and chips at record speed

Why unemployment is rising, but jobless benefits aren’t keeping pace

The hidden cost of entrepreneurship is the emotional toll on couples

Jasper wildfire another hit to insurers battling extreme weather events

financial facelift

Can Kai and Sandra get back on track after five years living on a financial ‘shoestring’?

How the interest rate drop affects your mortgage, the Home of the Week and more top real estate stories

What inflation? FIRE advocates on how their aggressive retirement savings plans are holding up

Why is Loblaw’s parent company paying $500-million to settle class-action lawsuits? Take our business and investing news quiz

Interact with The Globe

Streetwise

Canadian Western Bank debated Laurentian Bank’s woes and a juicy acquisition premium before accepting $5-billion takeover

CWB said its directors were enticed by the 110-per-cent buyout premium National Bank offered and the potential to grow as a bigger bank, according to a proxy circular

Scotiabank says technical glitch that disrupted direct deposit, cheque payments has been resolved

RBC hires Frances Donald from Manulife as its new chief economist

Flirting with insolvency, Slate Office REIT sees board battle erupt between executives and activist investor

CPA Canada plans to offer access to Ontario, Quebec accountants after provincial bodies leave national organization

Economy

Paris Olympics is a waste of money. So is Canada’s hosting World Cup

Bitcoin’s Trump pump: Why the star of crypto rises with the Republican nominee

Ontario should be thanking Ford for pivoting away from electric vehicles

Financial services

Aggressive discounts by BCE, Rogers and Telus keep Ottawa happy – but hurt their chances of winning investors back

Canadian Western Bank debated Laurentian Bank’s woes and a juicy acquisition premium before accepting $5-billion takeover

Caisse de dépôt sells $700-million of Couche-Tard shares back to the company

Globe Investor Quick Links

Energy and Resources

Oil falls by 2% as Israel officials seek to avoid broader Middle East war

Oil falls more than 1 per cent, ends week lower on China demand fears

Oil edges higher on upbeat U.S. economic data

Technology

Global CrowdStrike disruption brings to mind lessons from 2022 Rogers outage

Lately: An assassination attempt in the age of social media, battery packs for blackouts and two weeks without a smartphone

U.S. chip stocks volatile after Asian dip with China-U.S. spat in focus

International Business

Fresh quakes damage West Texas area with long history of tremors caused by oil and gas industry

Oil falls by 2% as Israel officials seek to avoid broader Middle East war

Abbott must pay US$495-million in premature infant formula trial, jury finds

ROB Magazine

Boston Pizza scales down in bid to expand into underserved markets

Even as the restaurant brand retains its core appeal, adaptability is a key part of its strategy, president Jordan Holm says

Specialty health care company Bioscript’s success comes from putting patients first

Editor’s Note: Family-controlled enterprises are the juggernauts of the Canadian business world

Download the June 2024 edition of Report on Business magazine

A debate is raging over Canadian pension plans’ domestic investments — and Caisse’s CEO is at the centre of it all

More business news

BHP and Lundin Mining to buy Filo for $3.25-billion

Aggressive discounts by BCE, Rogers and Telus keep Ottawa happy – but hurt their chances of winning investors back

Trans Mountain Corp. to have new CEO as Farrell moves to board chair role

Fresh quakes damage West Texas area with long history of tremors caused by oil and gas industry

Airbus to restructure Space Systems as consolidation talks continue

Manipulated video shared by Elon Musk mimics Kamala Harris’ voice, raising concerns about AI in politics

U.K. public sector workers get above-inflation pay rises

BlackBerry replaces CFO as company sheds loyalists to ex-CEO John Chen

Video

U.S. consumer prices post first drop in four yearsVideo1:20

South Korean AI robot customizes cosmetics to your skinVideo2:56

France takes on counterfeits ahead of OlympicsVideo2:47

Elon Musk withdraws lawsuit against OpenAIVideo1:17

Why Russia, China and big tech all use faux females to get clicksVideo1:28

Apple brings ChatGPT to iPhone in AI pushVideo1:24

Pizza chefs compete in dough acrobatics in ArgentinaVideo0:36

U.S. adds far more jobs than expected in MayVideo0:59

In case you missed it

The latest interest rate cut means it’s time to stop hating on variable-rate mortgages

We may soon need a second car. Why I want the EV feature that everyone else hates

These Canadians want the ‘right to repair’ their stuff: ‘We can’t continue on the same way of consuming’

Business owners should plan ahead for life in retirement

Sections

Future of work

Meet the young people leaving Canada for an affordable life Podcast

Where is the land of opportunity? You are standing on it

With AI, workplace surveillance has ‘skyrocketed,’ leaving Canadian laws behind

Careers

‘Don’t try to mix the two’: Why workcations can be detrimental to work-life balance

Which of these 17 managerial mistakes are you making?

OMG, ESG – what 300 executives are thinking about sustainability policies

Taxes

Barcelona will raise tourist tax for cruise passengers, mayor says

South Korea’s SK Hynix to invest US$75-billion by 2028 in AI, chips

U.S. Treasury finalizes new crypto tax reporting rules

Small business

Small businesses’ latest headache? Endless construction

The hidden cost of entrepreneurship is the emotional toll on couples

Business owners should plan ahead for life in retirement

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