National Business

VAUGHAN, Ont. — Phoena Inc. says chief executive Greg Guyatt has resigned. The Vaughan, Ont. cannabis company says Guyatt's resignation was effective Feb. 24 and comes three years after he joined the business.

TORONTO — Porter Aviation Holdings Inc. says it is partnering with the Montreal Saint-Hubert airport to develop a new terminal as the company aims to broaden its footprint in Quebec.

LONDON (AP) — The U.K. and the European Union sealed a deal on Monday to resolve their thorny post-Brexit trade dispute over Northern Ireland, hailing the agreement as the start of a “new chapter” in their often fractious relationship.

TORONTO — A special committee of independent directors at Canaccord Genuity Group Inc. says it will recommend shareholders do not accept a buyout offer by a management-led group of employees.

TORONTO — TD Bank Group said Monday it will pay US$1.2 billion to settle a lawsuit related to one of the largest Ponzi schemes ever orchestrated.

BUCHAREST, Romania (AP) — A Romanian court on Monday upheld a third 30-day detention for the divisive influencer and former professional kickboxer Andrew Tate, who is held on suspicion of organized crime and human trafficking, an official said.

TORONTO — OMERS says it earned an investment return of 4.2 per cent for 2022 as gains in its private investments lifted its results even as global stock and bond markets tumbled lower. The return for 2022 followed a gain of 15.7 per cent in 2021.

CALGARY — An electricity retailer in Alberta is betting it can entice more homeowners to make the switch to solar panels by launching what it calls Canada's first retail, 100 per cent green energy-based "virtual power plant.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Bank earnings The parade of first-quarter results from Canada's big banks picks up this week with BMO Financial Group and Scotiabank reporting on Tuesday.

DUBAI, United Arab Emirates (AP) — Iran’s currency fell to a new record low on Sunday, plunging to 600,000 to the dollar for the first time as the effects of nationwide anti-government protests and the breakdown of the 2015 nuclear deal continued to