National Business

CALGARY — A formalized takeover bid for Inter Pipeline Ltd. that matches an informal offer made about two weeks ago suggests that Brookfield Infrastructure Partners L.P. doesn't expect a white knight to drive up the price, an analyst said Tuesday.

When Hieu Tran went searching for a new job earlier this year, a prospective employer told him he could expect to hear back from a representative three business days after his interview.

BMO Financial Group beat expectations as it reported its first-quarter profit was up compared with a year ago, before the pandemic began, as clients found ways to make their loan payments. The bank's executives also said on Tuesday that U.S.

WASHINGTON — U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs.

Moet Hennessy is acquiring a 50% stake in rapper and entrepreneur Jay-Z’s Champagne brand in an effort to up its cool factor and expand distribution. Terms of the deal, which was announced Monday, weren’t released.

TORONTO — Thomson Reuters Corp. raised its dividend as it reported a fourth-quarter profit of US$562 million and beat expectations. The company, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of 40.

MEXICO CITY — Mexico has received its first shipment of Russia’s Sputnik V COVID-19 vaccine. Some 200,000 doses arrived to Mexico City’s international airport late Monday night aboard a British Airways flight from Moscow.

Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this past weekend, and most carriers that fly those planes said they would temporarily pull them from service. The U.S.

CALGARY — Brookfield Infrastructure Partners L.P. and its partners have formally launched a hostile bid to acquire Inter Pipeline Ltd., nearly two weeks after its public interest was rebuffed.

EDMONTON — Alberta’s chief medical officer of health says the next round of reduced economic restrictions likely won’t happen for two more weeks. Dr.