Bell layoffs, Glencore-Teck’s new proposal and Michael Andlauer buys the Senators: Must-read business and investing stories

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Bell layoffs, Glencore-Teck’s new proposal and Michael Andlauer buys the Senators: Must-read business and investing stories
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Plus, how did Wayne Gretzky’s rookie card become the most valuable card ever produced on Canadian soil?

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, Simon Houpt and Jason Kirby report. The investor group will own 90 per cent of team, with the remaining 10 per cent retained by the two daughters of the club’s late former owner, Eugene Melnyk. The sale still needs to be approved by the NHL’s board of governors.Household finances are showing more signs of cracking under the weight of large debt loads and high interest rates. The strain is obvious in credit cards and vehicle loans. Well, everything except mortgages.

Wayne Gretzky’s rookie card is the most valuable card ever produced on Canadian soil. In fact, Dave Parkinson describes it as “the Holy Grail of Canadian sports collectibles” – and he happens to owns one. The card, which was produced by Canadian company The O-Pee-Chee Company, Ltd. and marks The Great One’s rookie year, is a centrepiece of multimillion-dollar sports-card auctions across the world.

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