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ISS recommends shareholders vote against Baker-led offer for Hudson's Bay Co.

ISS recommends shareholders vote against Baker-led offer for Hudson's Bay Co.

Hudson's Bay Co. minority shareholders should vote against a privatization bid led by the retailer's executive chairman, says an influential proxy advisory service that points to a rejected, higher-priced offer.
'Frozen 2' leads box office again; 'Playmobil' flops

'Frozen 2' leads box office again; 'Playmobil' flops

NEW YORK — “Frozen 2” blanketed multiplexes for the third straight weekend, continuing its reign at No. 1 with $34.7 million in ticket sales, according to studio estimates Sunday. The Walt Disney Co. animated sequel has already grossed $919.
Pace of housing starts edges up in November on strength in B.C., Alberta

Pace of housing starts edges up in November on strength in B.C., Alberta

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
Storytelling platform Wattpad to open office in Halifax in the new year

Storytelling platform Wattpad to open office in Halifax in the new year

TORONTO — Storytelling platform Wattpad says it will open what it calls a second headquarters in Halifax to tap into the city's talent pool as the company grows.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: HBC earnings Hudson's Bay Co. releases its third-quarter financial results before markets open and holds a conference call on Tuesday.
Google taps into Montreal's rich gaming industry for first-party Stadia content

Google taps into Montreal's rich gaming industry for first-party Stadia content

Sebastien Puel has seen Montreal evolve into a game development powerhouse over the past 17 years, and the new general manager of Google's first game studio says there are "no limits" on how much the industry in the city can still grow.
HBC minority shareholder files lawsuit to block privatization bid

HBC minority shareholder files lawsuit to block privatization bid

The bid to take Canada's oldest retailer private faces another obstacle as a minority shareholder seeks to block the proposal, led by Hudson Bay Co.'s executive chairman Richard Baker, in court. The group behind the $10.
Toronto stock index rises with U.S. markets, loonie falls on poor jobs report

Toronto stock index rises with U.S. markets, loonie falls on poor jobs report

TORONTO — The Canadian loonie shed nearly half a cent following a poor jobs report, while Canada's main stock index shrugged off the disappointing employment figures. The Canadian dollar traded at 75.44 cents US down from an average of 75.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,996.97, up 142.05 points.) Encana Corp. (TSX:ECA). Energy. Up 16 cents, or 3.08 per cent, to $5.35 on 6.88 million shares.
Observers say four main candidates in line to be Bank of Canada governor

Observers say four main candidates in line to be Bank of Canada governor

Attention turned quickly Friday to who might succeed Stephen Poloz as governor of the Bank of Canada after he confirmed he will not seek a second appointment when his seven-year term expires next year.