Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.Lowe’s is selling its Canadian retail operations
– about 450 stores that operate under the Lowe’s, Rona, Reno-Depot and Dick’s Lumber banners – after a frustrating six-year run. Nicolas Van Praet reports the buyer is New York private-equity firm Sycamore Partners, which is buying the stores for US$400-million in cash plus unspecified performance-based benefits. Lowe’s entered the Canadian market in 2007 and expanded its footprint in 2016 with the purchase of Rona for $3.2-billion.
this week, acknowledging what many Canadians are fretting about as they cope with affordability challenges: the increasing odds the country will go into recession. Matt Lundy writes that Ottawa outlined several risks to the economic outlook, including a “more aggressive” reaction to inflation from the U.S. Federal Reserve, via higher
As usual, by coming up with that type of information, you are losing integrity, and respect from Canadians. The Trumpway of informing people is a disgrace from a Newspaper like you. Still demonstrated political bias.
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I wonder if Jacques Daoust is still benefiting from the controversial deal that brought Lowes takeover of Rona in the first place
More TFWs? Trudeau hates Canadians.
Why are Canadian taxpayers funding a paywalled newspaper?