Ottawa tabling bill on forced labour after Trump threatens new tariffs
The White House said last week it will impose tariffs on 60 countries, including Canada, ostensibly for not doing enough to address the issue
Report on Business
Glencore to cut air pollution at copper smelter after Quebec gives miner more time to hit emissions targets
Swiss mining giant says it needs concrete financial support from Ottawa to keep facility open in the long term
Musk’s SpaceX prices record $75-billion IPO at $135 a share
The biggest-ever U.S. IPO makes the rocket and spacecraft manufacturer one of the world’s most valuable companies
Ottawa commits to spending $1-billion over next decade to protect food security
New national strategy sets goals to increase competition in food retail sector, improve access to local goods
analysis
Apotex soars as private equity firm builds on legacy of founder Barry Sherman
The second generation of the Sherman clan can thank PE fund managers for turbocharging growth in their business, along with the family’s fortune
Transat plans to make use of Ottawa’s emergency loan fund after reporting $79-million loss
CEO Annick Guérard blames ‘factors largely beyond our control’
Top Kneat shareholder rebukes Thoma Bravo takeover offer, vows to vote against deal
PenderFund’s David Barr ‘disappointed’ Kneat board put company up for sale during software rout
Canada’s job market sees sharp decline in ‘quick quitting’ as new hires opt to stick around
More employees are holding onto their jobs for at least a year, suggesting there is pessimism about finding new work
Your money
Economy
Windsor truck traffic rebounds ahead of bridge opening, following years of decline
May traffic from U.S. jumps 20 per cent from a year ago
Energy & resources
Trump administration delays opening of Gordie Howe bridge on eve of ribbon cutting
Trump administration wants deal to help Ambassador Bridge owners mitigate losses from new competition, a source says
Finance
Trump’s threat not to renew USMCA an invitation to make a deal, U.S. Ambassador says
Washington knows it needs its international partners, even as it looks to reshore key industries, Pete Hoekstra told a business audience in Toronto
Technology & innovation
Glencore to cut air pollution at copper smelter after Quebec gives miner more time to hit emissions targets
Swiss mining giant says it needs concrete financial support from Ottawa to keep facility open in the long term
Report on Business magazine
Editor’s note: Bidding farewell to a one-of-a-kind editor
John Daly, a triple threat in the journalism business, is retiring from Report on Business magazine
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Streetwise
Investment giant Thoma Bravo continues Canadian acquisitions with $650-million offer for Kneat.com
Shareholders will receive $6.50 per share under the proposed deal, which Kneat noted was a 40-per-cent premium to the closing price on May 8
Work life
power points
The seven core beliefs that can power your career
‘Beliefs change the math about what is possible and probable. By changing the math, beliefs change our path,’ writes Shawn Achor in The Power of Beliefs
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