MDA Space to Acquire Blue Canyon Technologies for $620 Million
Canadian space technology company MDA Space has announced an agreement to acquire U.S.-based Blue Canyon Technologies from RTX Corporation’s Raytheon business for $620 million in cash. The acquisition is aimed at strengthening MDA Space’s...
UK Wage Growth Remains Strong as Unemployment Falls Ahead of Bank of England Rate Decision
Britain’s labour market showed unexpected resilience in the three months to April, with wage growth remaining stronger than forecast and unemployment edging lower, according to data released by the Office for National Statistics (ONS)....
LATAM Brazil to Cut July Capacity as Fuel Costs Rise
LATAM Airlines’ Brazilian unit is expected to reduce its flight capacity by around 3% in July compared to its original plans, as rising fuel costs continue to pressure airline operations. The announcement was made...
Apotex Health Targets Up to C$1.2 Billion in Toronto IPO
Canadian healthcare company Apotex Health announced on Monday that it plans to raise up to C$1.2 billion through an initial public offering (IPO) on the Toronto Stock Exchange (TSX), marking one of the largest...
U.S. Economic Growth Revised Down to 0.5% in Q4, Corporate Profits Surge
U.S. economic growth slowed more sharply than previously estimated in the fourth quarter, according to fresh data released by the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized...
Canadian Futures Dip as Investors Turn Cautious Ahead of U.S. Data and Nvidia Earnings
Futures for Canada’s main stock index slipped on Tuesday as global investors shifted away from risk ahead of key U.S. economic data releases and earnings from AI heavyweight Nvidia. December futures on the S&P/TSX...