Canada’s unemployment rate rises, OMERS sells LifeLabs and Ottawa approves Glencore’s Teck coal deal: Business and investing news for July 7Getting 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.Canada’s unemployment rate hit its highest level in two years in June, according to Statistics Canada. The unemployment rate came in, up from 6.
, the country’s largest medical-testing company, to U.S.-based Quest Diagnostics Inc. for $1.35-billion including debt, James Bradshaw reports. The Ontario Municipal Employees Retirement System, which has owned LifeLabs for more than 17 years,in January. The two leading contenders were Quest and Vaughan, Ont.-based Andlauer Healthcare Group. Quest emerged as the front-runner after a six-month auction, outbidding Andlauer by $100-million.
over the implementation of measures under Ottawa’s Online Streaming Act, Marie Woolf reports. The Motion Picture Association’s Canadian affiliate, which represents Hollywood studios such as Paramount, Universal and Warner Bros. Discovery, launched dual legal challenges in Federal Court to decisions by Canada’s broadcasting regulator, which is implementing the act, also known as.
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