02:05 PM EDT, 07/04/2024 (MT Newswires) -- CGI is acquiring Celero, a joint venture providing IT solutions to Canadian credit unions and financial institutions, from Credit Union Central of Manitoba, SaskCentral, and Alberta Central. National Bank's take is that this is a small tuck-in acquisition (only 150 people coming on board) that fortifies CGI's market position in Canada. Analyst Richard...

OTTAWA, July 4 (Reuters) - Global streaming companies said on Thursday they were challenging new Canadian rules that oblige them to help pay for local news, saying Canada's federal government had acted unreasonably and provided no legal basis for the demand. The Canadian Radio-television and Telecommunications Commission (CRTC), the national broadcasting regulator, said in June that major online streaming services...

July 4 (Reuters) - Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs. The deal comes with luxury retailers battling slowing demand as high interest rates and inflation force customers to crimp budgets, following a luxury...

July 4 (Reuters) - Suncor Energy ( SU ) has shut down its 215,000 barrel-per-day (bpd) Firebag oil sands site in northern Alberta as a precaution due to a wildfire about eight kilometres (5 miles) away, an Alberta government minister said on social media on Thursday. Suncor, Canada's second-largest oil producer, said it was keeping only essential workers at the...