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Annick Guérard has long wanted to run an airline. Just not like this. Not amid a global pandemic that has devastated the airline industry and grounded the company she sought to lead, burdening it with a massive debt, new government oversight and zero revenue as takeover talks swirl.
Ontario’s securities regulator could face challenges in enforcing a ban on unregistered foreign cryptocurrency trading platforms doing trades for Ontario residents, especially if the agency does not receive adequate co-operation from international authorities, legal experts say.
Welcome to FP Magazine’s latest ranking of Canada’s largest corporations by revenue. Our research includes public firms, private companies, subsidiaries and Crown corporations, making the FP500 the most authoritative survey of Canadian business available.
COVID-19 added one more challenge to the world’s boards and their governance role. Along with unimagined personnel, logistics and revenue drama, boards could no longer convene meetings in person. Traditionally (“tradition” is a big thing when it comes to governance), boards would gather around their oaken tables for several times yearly for day-long sessions. But since April of 2020, directors have been forced to join the rest of the world in working remotely, squinting at each other on Zoom.
Britain will seek to exclude the City of London’s financial services companies from a global tax overhaul targeting the world’s most profitable businesses agreed between G7 finance ministers last weekend.
In a statement on Thursday, Brookfield said if it was successful in eliminating or reducing the break fee, it would further increase its takeover offer for Inter Pipeline by an equivalent amount.
The Canadian Chamber of Commerce is warning there could be a wave of bankruptcies among heavily indebted companies in the tourism, travel and hospitality sectors after government support programs wind down in the coming months.
Push to set minimum tax rates for big companies that operate internationally is in line with many of Beijing’s objectives, but its support isn’t a given
JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation’s meat supply, the company’s chief executive said.
There is concern in Germany about rising prices, but expectations and wage data show no sign of excess pressures; German inflation should exceed 2% to support euro-area rebalancing but is unlikely to do so on sustained basis.
Over the past 10 years, stakeholders have increasingly been specifying and demanding what they want from boards and, most importantly, showing they are willing to take aggressive steps when boards don’t do/produce what they want.
The energy giant’s stunning loss was the work of a tiny hedge fund that believes investing for social good is also good for the bottom line.
The battle for a controversial Canadian oil pipeline is heating up, with Pembina Pipeline Corp. forming a partnership with an indigenous group to buy the key Trans Mountain pipeline in a challenge to another native group seeking full ownership.
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Toronto-based Intact says it will receive 50 per cent of the proceeds and plans to use them to repay debt and for general corporate purposes.
Air Canada says it will recall more than 2,600 employees as it prepares for an increase in demand for flights, while also extending the deadline for COVID-19 refunds.
What if the actions of global policy makers to cut carbon emissions pose equal or even greater risks than the ones they are trying to eliminate?
Accelerating digitalization puts new pressures on companies to overhaul their business models and, indeed, fundamentally reimagine how they conduct business. Given that companies are increasingly judged on how well they protect their own information as well as the data entrusted to them by customers and partners, cybersecurity and cyber resilience have become vital concerns for any trustworthy organization.
Germany’s largest bank on Tuesday informed staff that Louise Kitchen, head of Deutsche’s asset wind-down unit, and Jonathan Tinker, co-head of global foreign exchange, were both stepping down and would leave the bank. The sudden departure of two veteran Deutsche Bank executives is linked to a continuing investigation into the alleged mis-selling of foreign exchange derivatives to corporate clients in Spain, people familiar with the matter told the Financial Times.
The Bank of Canada seems pretty intent on ignoring, as much as possible, the raging Canadian dollar. In most instances, that would be a bad idea. In the current circumstances, it may be good policy.
Chinese e-commerce leader Alibaba Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday. Cheng also said Cainiao aims to introduce 1,000 autonomous delivery robots in China over the next year.
Companies such as e-commerce leader Flipkart and fintech giant Paytm are considering initial public offerings
The European Central Bank said it would keep its aggressive monetary stimulus in place despite mounting evidence of a vigorous economic recovery and rising inflation in the eurozone as the Covid-19 pandemic recedes.
Japan's influential trade ministry effectively colluded with Toshiba Corp's management to influence shareholders votes on director nominees at last year's annual general meeting, an independent probe has found.
The energy giant’s stunning loss was the work of a tiny hedge fund that believes investing for social good is also good for the bottom line.
Mr. Sims, a New Zealander who joined WestJet in 2017 and became CEO in 2018, led the airline through international expansion, its takeover by Onex, and the global pandemic that sent the industry into a crisis from which it has yet to emerge.
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Scoop.it!
