Productivity and hourly wages see small bump amid economic worries

EQB, Canada's seventh-largest bank, has announced its agreement to acquire PC Financial from Loblaw for approximately $800 million, marking a significant shift in the Canadian financial landscape. This acquisition is part of EQB's broader strategy to enhance its financial services offerings and market presence.

Canadian lender EQB Inc. is set to acquire the banking division of Canada’s largest supermarket chain, a strategic move aimed at enhancing its deposit and credit card operations.

Canada's services Purchasing Managers' Index (PMI) has fallen to a five-month low in November, indicating a contraction in the services sector amid ongoing economic challenges. This decline reflects a broader trend of weakening economic activity as businesses face uncertainty.

Canadian space-technology company MDA Space Ltd. is preparing to raise approximately C$250 million ($179 million) through its inaugural high-yield bond sale later this week, as reported by Bloomberg. This move indicates the company's strategy to tap into the high-yield bond market for funding.

Canada is set to change its federal income tax brackets in 2026, which may result in lower income tax payments for some taxpayers due to a reduction in the lowest income bracket. This adjustment aims to alleviate the tax burden on lower-income individuals and families.

Vale SA and Glencore Plc are exploring a joint copper project in Canada, aiming to capitalize on the anticipated surge in copper demand as global electrification accelerates. This collaboration reflects both companies' strategic interests in enhancing their market presence in the copper sector.

Fairstone Bank of Canada has entered into an agreement to acquire Laurentian Bank of Canada for approximately 1.9 billion Canadian dollars, equivalent to about $1.36 billion. This acquisition marks a significant move in the Canadian banking sector, indicating Fairstone Bank's strategy to expand its market presence.