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Toronto’s BlueCat sells for $700-million plus amid slew of deals for Canadian tech firms

BlueCat co-founders Richard Hyatt, left, and Michael Hyatt._Beyond Infiniti Photography/Handout Toronto network security vendor BlueCat Networks has been purchased by an American private equity firm for more than $700-million, one of a flurry of Canadian technology takeovers announced this week. The purchase by Audax Private Equity comes five years after US private equity firm Madison …

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The ‘Mount Everest’ of bacteria discovered in Caribbean swamps

This microscope photo provided by the Lawrence Berkeley National Laboratory in June 2022 shows thin strands of Thiomargarita magnifica bacteria cells next to a US dime coin.Tomas Tyml/The Associated Press The largest-known bacterium – a vermicelli-shaped organism that was discovered in shallow mangrove swamps in the Caribbean and is big enough to be seen with …

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Bank of Canada says high inflation ‘keeping us up at night’

Bank of Canada Senior Deputy Governor Carolyn Rogers said on Wednesday that inflation in Canada was much too high and did not rule out a 75-basis-point increase at the central bank’s July decision. “We know inflation is keeping Canadians up at night. It’s keeping us up at night,” Rogers said at an event organized by …

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Higher rates but less inflation panic: What CIBC’s Benjamin Tal is predicting for stocks, home prices and the economy

Benjamin Tal, deputy chief economist at CIBC Capital Markets, in Toronto on June 7, 2019.Tijana Martin/The Globe and Mail Mounting fears of a recession have gripped equity markets, with the S&P/TSX Composite Index now firmly in correction territory. The S&P/TSX is down 13 per cent from its record closing high of 22,087, reached on March …

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Welcome Athena Club, a wellness brand and success story launched by two Canadians

Shaving ad campaign for Athena Club.Handout When Canadian entrepreneurs Maria and Charles Desmarais set out to launch their self-care essentials brand Athena Club across Canada, they were primed to upend the country’s hypercompetitive wellness industry. Through a regimen-ready range of products, a clever combination of culturally-aware marketing campaigns, and a direct-to-consumer business model that addresses …

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Extreme heat forces cancellation of Manitoba Marathon midway through race

Extreme heat forced a mid-race cancellation of the Manitoba Marathon in Winnipeg on Sunday, as runners complained of humidity that left them drenched in sweat and dehydrated. The race started Sunday morning, despite warnings from meteorologists of temperatures over 30 degrees, with humidex values ​​above 40 degrees. Environment Canada had a heat warning in effect …

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