AGP Executive Report
Last update: 9 hours agoMajor Deals: Canada’s Weston family, partnering with Fairfax Financial, will buy U.K. pharmacy chain Boots for US$8.9 billion, with the deal expected to close in 2027. Cenovus agreed to acquire Athabasca Oil for C$5.7 billion, while Suncor will sell offshore stakes to Ithaca Energy for C$1.2 billion. Utilities: Emera and Canadian Utilities plan a C$72-billion merger, as ATCO spins off its industrial services business. Trade and Jobs: Canada’s August trade surplus widened to C$4.2 billion, but recent data shows the U.S. still takes nearly 62% of Canadian agri-food exports. Industry Minister Mélanie Joly warned Stelco’s U.S. owner it must honour job commitments or face enforcement as layoffs loom. Markets: The S&P/TSX fell more than 600 points Wednesday.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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