Corporate governance - Vigil

Ehren Cory has taken the helm of the Canada Infrastructure Bank following three years of dashed hopes, underwhelming performances and a raft of departures from the $35-billion institution. As the former CEO of Infrastructure Ontario during a period of massive growth, Cory is there “to get the money out of the door,” as one former bank executive put it. 

At least three Canadian utilities saw predictable cash flows in loosely regulated market, but failed to foresee climate risk

Opinion: We do not have to choose between health and the economy

The improving overall economic outlook helped both Bank of Montreal and Bank of Nova Scotia report better-than-expected earnings for their fiscal first quarters, which ended Jan. 31.

It is a sign that investors are paying attention. Many think it is a one-way bet

In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years.

The number of female directors at FTSE-100 firms has increased by 50% in the last five years, and women now hold more than a third of roles in the boardrooms of Britain’s top 350 companies, according to the final report of a review into female representation at the top of business.

Fed likely to hold interest rates near zero and continue asset purchases for some time, chairman says

This year, IVIS, the IA’s Institutional Voting Information Service, for the first time, will issue an ‘amber-top’ to FTSE 350 companies that do not disclose either the ethnic diversity of their board, or a credible action plan to achieve the Parker Review targets of having at least one director from an ethnic minority background by 2021.

Several key measures of inflation were higher in January than previously reported, Statistics Canada said on Monday, after backtracking on a methodological change that had painted a more mild picture of inflation only five days ago.

Brookfield Infrastructure Partners on Monday formally launched a hostile bid to buy Inter Pipeline Ltd with the same $16.50-per-share offer that the Canadian oil and gas transportation company had rejected as inadequate weeks ago.

Top stakeholder tells shareholders they have until June 7 to accept deal

Telefonica SA is in advanced talks with Canadian pension fund Caisse de Depot et Placement du Quebec to form a wholesale fibre-optic broadband operator in Brazil, according to people familiar with the matter.

The beats from CIBC and TD made it a clean sweep for Canada’s Big Six banks for their first-quarter results, as all of the lenders managed to surpass earnings expectations for the period.

After such high-flying achievements in aerospace, what could be more unlikely than landing in the earthbound struggles of passenger rail in a country that puts cargo first? And what could be more challenging than transforming money-losing VIA Rail in the midst of a pandemic that has crushed ridership? Yet that’s the task Garneau is facing. At this point, the only thing more improbable might be her failure to succeed.

Canada’s largest bank by market cap reported net income of approximately $3.85 billion for the three months ending Jan. 31, an increase of 10 per cent from a year earlier.

Group of 20 countries should take strong policy actions to reverse a “dangerous divergence” that threatens to leave most developing economies languishing for years, the head of the International Monetary Fund said in a blog on Wednesday.

Australian bosses say the climate crisis is the biggest challenge facing their businesses – in contrast to their overseas counterparts, who have ranked recovering from the Covid-19 pandemic their top concern.

Departure comes as CEO Jeff Bezos to become chairman, other leadership changes

Bristol-Myers Squibb is requiring executives to hold three-quarters of their equity grants for at least a year after they vest

Thomson Reuters Corp. reported higher sales and operating profits and said it would reshape its corporate structure for a post-pandemic world, closing offices, streamlining technology and relying more on artificial intelligence and machines.

The share of women in senior leadership positions at Canadian companies is on the rise despite the economic fallout from the COVID-19 pandemic. But the number of racialized, Indigenous and disabled women in top roles remains small, and many companies don’t disclose any leadership diversity data, according to a new report that is among the first to explore the varied experiences of women in Corporate Canada.