Centrica Plc, the U.K’s largest home power company, and Tenaga Nasional Bhd, Malaysia’s biggest energy group, filed bids for the retail and power generation unit of state-owned gas company Bord Gais Eireann, people with knowledge of the matter said.
Royal Bank of Canada, the country’s largest lender by assets, will consider acquisitions of as much as C$5 billion ($4.9 billion) as it seeks to expand its wealth- management unit, Chief Financial Officer Janice Fukakusa said.
Mutual-fund investors pulling the most funds since December from the $3.7 trillion municipal market are creating an opportunity for buyers of individual local bonds as tax-exempt yields reach a 15-month high.
Iron Mountain Inc. and Equinix Inc., two technology companies planning to convert to real estate investment trusts, plunged after saying that the U.S. Internal Revenue Service is scrutinizing their eligibility.
Bank of Nova Scotia promoted Brian Porter to chief executive officer from president as current CEO Richard Waugh retires, according to Vlaad and Co., a Toronto- based financial services recruiting firm.
Canadian stocks fell for a fifth day, erasing gains for the year, as Canadian Western Bank reported lower-than-estimated profit and signs of weakening growth in China and Germany spurred losses in commodity producers.