National Business

TORONTO — A management-led group of Canaccord Genuity Group Inc. employees has made a takeover bid for the company valued at $1.127 billion. The employee group is offering $11.25 per share for the financial services firm.

MONTREAL — Payment technology company Nuvei Corp. has signed a deal to buy U.S. company Paya Holdings Inc. valued at US$1.3 billion. Under the agreement, Montreal-based Nuvei will pay US$9.75 per share in cash.

VANCOUVER — Lululemon Athletica Inc. raised its revenue guidance for its fourth quarter, but lowered its expectations for its gross margins. The company, which keeps its books in U.S.

PRAGUE (AP) — A Prague court on Monday acquitted former Prime Minister Andrej Babis of fraud charges in a $2 million case involving European Union subsidies.

TORONTO — Andrew Hamilton and his wife bid farewell to their home in Toronto's Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Banking conference RBC Capital Markets hosts its Canadian bank CEO conference on Monday.

WASHINGTON — Familiar North American irritants — U.S. protectionism, intransigence on continental trade, irregular migration — return to the fore this week as the so-called "Three Amigos" meet for a trilateral summit in Mexico City.

OTTAWA — Advocates on both sides of the vaping debate say the government must do more to enforce penalties for selling vapes to kids after a review concluded no changes to the legislation were warranted.

WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring .

TORONTO — Canada's main stock index rose 1.58 per cent Friday on broad-based gains while U.S. markets were all up by more than two per cent. The S&P/TSX composite index was up 307.67 points at 19,814.51.