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Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank’s proposed takeover of First Horizon Corp., but they were unprepared for what happened Thursday when the US$13.4 billion transaction melted down. The deal spread had been widening in...

Stan Wong, portfolio manager, Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: Since the October 2022 intraday lows, the MSCI World Index has advanced by more than 20 per cent and the S&P 500 Index has climbed ove...

Sales of Apple Inc.’s iPhone rebounded last quarter, helping the world’s most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup. Overall revenue amounted to US$94.8 billion in the fisc...

Open Text Corp. says its net income was US$57.6 million in the third quarter, down 22.9 per cent from US$74.7 million a year earlier.  The Waterloo-based company, which reports in U.S. dollars, says revenues were US$1.24 billion, up 41.1 per cent from US$8...

Analysts are split on potential upside and downside scenarios for Shopify Inc., following the company’s latest move to reduce staff and offload a significant portion of its logistics business.  On Thursday, the Canadian e-commerce company announced it ente...

Air Canada hiked its earnings outlook Thursday, saying it expects earnings to rise due to an improvement in traffic as well as stronger-than-anticipated demand and lower-than-expected fuel prices.  The Montreal-based airline says adjusted earnings before i...

Jamie Golombek: Mandated annual withdrawal forces retirees to pay tax on retirement assets before they need to spend them Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commissio...

'We are prepared to raise rates further' OTTAWA — Inflation risks getting stuck significantly above the Bank of Canada’s two per cent target, and if that happens the central bank is ready to hike interest rates further, governor Tiff Macklem sa...

Unable to get clarity on if and when they would get the regulatory approvals Get the latest from Stephanie Hughes straight to your inbox Sign Up Toronto-Dominion Bank and First Horizon Corp. have agreed to terminate their merger agree...

Canada's main stock index was lower in late-morning trading, weighed down by losses in energy stocks as the price of oil fell below US$70 a barrel, while U.S. stock markets were mixed.  The S&P/TSX Composite Index was down 6.08 points, or 0.03 per cent, at...