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IA Financial buying U.S. insurance company Vericity for US$170 million

IA Financial buying U.S. insurance company Vericity for US$170 million

QUEBEC — IA Financial Corp. has signed a deal to buy U.S. insurance company Vericity Inc. for US$170 million in a move to grow its business in the United States.
EQB signs deal for 75 per cent stake in alternative asset manager ACM Advisors

EQB signs deal for 75 per cent stake in alternative asset manager ACM Advisors

TORONTO — EQB Inc. has signed a deal to acquire a 75 per cent stake in independent alternative asset manager ACM Advisors Ltd. Financial terms of the cash-and-share agreement were not immediately available.
Neighbourly Pharmacy signs deal with largest shareholder to go private

Neighbourly Pharmacy signs deal with largest shareholder to go private

TORONTO — Neighbourly Pharmacy Inc. has signed an agreement to be taken private by its largest shareholder in a deal that values the company at about $916 million. Under the letter of intent, Persistence Capital Partners (PCP) has offered to pay $20.
Central Kansas police chief who led raid on small weekly newspaper has resigned, official says

Central Kansas police chief who led raid on small weekly newspaper has resigned, official says

TOPEKA, Kan. (AP) — The police chief who led an August raid on a small weekly newspaper in central Kansas has resigned, just days after he was suspended from his post, a City Council member confirmed Monday.
Lundin Mining says CEO to step down, names Jack Lundin as successor

Lundin Mining says CEO to step down, names Jack Lundin as successor

VANCOUVER — Lundin Mining Corp. says chief executive Peter Rockandel is stepping down at the end of the year.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,177.18, down 364.09 points): Toronto-Dominion Bank (The). (TSX:TD). Finance. Down $1.42, or 1.7 per cent, to $80.41 on 16.
S&P/TSX composite closes down more than 300 points, U.S. stock markets mixed

S&P/TSX composite closes down more than 300 points, U.S. stock markets mixed

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index closed down more than 300 points Monday as utility and energy stocks led widespread losses, while U.S. markets were mixed. The S&P/TSX composite index ended down 364.09 points, or 1.86 per cent, at 19,177.
Arajet latest entrant to sa¹ú¼Ê´«Ã½'s crowded budget airline market

Arajet latest entrant to sa¹ú¼Ê´«Ã½'s crowded budget airline market

MONTREAL — Arajet, a discount airline based in the Dominican Republic, is set to launch flights between that country and Toronto and Montreal this fall, marking the latest entrant to an already crowded field of low-cost carriers.
Major wireless carriers now active on Toronto's subway network after months of talks

Major wireless carriers now active on Toronto's subway network after months of talks

TORONTO — More than a decade after embarking on a plan to offer wireless service on the Toronto subway, the TTC has joined the global ranks of transit systems where riders can make phone calls, send text messages or browse the web underground — regar
Stock market today: Most of Wall Street slips as the bond market cranks up the pressure

Stock market today: Most of Wall Street slips as the bond market cranks up the pressure

NEW YORK (AP) — Most stocks closed lower as the constrictor of higher interest rates tightens its coils around Wall Street. The S&P 500 ended little changed Monday. The Dow Jones Industrial Average fell 74 points, and the Nasdaq composite rose 0.