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OpenText divesting AMC business to Rocket Software for US$2.3 billion

OpenText divesting AMC business to Rocket Software for US$2.3 billion

OpenText Corp. says it's divesting its AMC business to Rocket Software, Inc. for US$2.275 billion in cash. The Waterloo, Ont.-based company says it has reached a definitive agreement with Rocket, a Bain Capital portfolio company.
Coastal GasLink pipeline mechanically complete before year-end deadline

Coastal GasLink pipeline mechanically complete before year-end deadline

VANCOUVER — The Coastal GasLink pipeline that stretches across northern B.C. is mechanically complete ahead of the company's year-end deadline. A statement from TC Energy Corp.
Alimentation Couche-Tard reports net earnings of US$819.2 million in second quarter

Alimentation Couche-Tard reports net earnings of US$819.2 million in second quarter

LAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings for the second quarter were US$819.2 million, up from US$810.4 million a year earlier. The Laval, Que.-based company says total merchandise and service revenues were US$4.
Charlie Munger, Warren Buffet's longtime sidekick at Berkshire Hathaway, dies at 99

Charlie Munger, Warren Buffet's longtime sidekick at Berkshire Hathaway, dies at 99

OMAHA, Neb. (AP) — Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99.
Digital services tax still part of the plan, says Freeland, but timing unclear

Digital services tax still part of the plan, says Freeland, but timing unclear

OTTAWA — Finance Minister Chrystia Freeland is pushing back against the idea that the federal government is wavering on its Jan. 1 timeline for implementing a new digital services tax.
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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,036.77, up 4.11 points): Suncor Energy Inc. (TSX:SU). Energy. Up 58 cents, or 1.32 per cent, to $44.52 on 12.0 million shares.
Energy stocks help S&P/TSX composite eke out gain, U.S. markets rise

Energy stocks help S&P/TSX composite eke out gain, U.S. markets rise

TORONTO — Canada's main stock index eked out a gain Tuesday as strength in energy and base metals helped offset softness across the rest of the market, while U.S. markets also rose. The S&P/TSX composite index closed up 4.11 points at 20,036.77.
Liz Rodbell to take over as president and CEO of Hudson's Bay

Liz Rodbell to take over as president and CEO of Hudson's Bay

TORONTO — Hudson's Bay says Liz Rodbell will take over as president and CEO of the company, returning to the helm after serving as president from 2013 to 2017. The Canadian retail arm of Hudson's Bay Co.
First Quantum suspends commercial operations at Cobre Panama mine after Panama court declares contract unconstitutional

First Quantum suspends commercial operations at Cobre Panama mine after Panama court declares contract unconstitutional

PANAMA CITY (AP) — First Quantum Minerals Ltd. is suspending operations at its Cobre Panama mine as intense environmental protests block crucial accesses to the site.
Porter, Air Transat launch joint venture to gird against domestic competition

Porter, Air Transat launch joint venture to gird against domestic competition

MONTREAL — Porter Airlines and Air Transat have announced a joint venture, as the two carriers look to expand their range of destinations, tap each other's markets and gear up for a battle with Canada's biggest carrier.
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