Corporate governance - Vigil

Canopy Growth Corp. is cutting ties with its venture capital arm, Canopy Rivers Inc., as the investment company continues to struggle with a number of poorly performing assets and massive losses on a greenhouse project in Leamington, Ont.

Under the agreement, CAE is paying US$25-million, plus up to an additional US$10 million in the form of an earn-out.

Starting in January, CPCs will be able to raise $10-million, up from a previous limit of $5-million. The Venture Exchange is also removing a 24-month time limit that has required capital pools to conduct a “qualifying transaction” in two years or be delisted.

A new variant of the COVID-19 virus that is spreading rapidly in Britain may already be in Canada and awaiting identification among samples that have been gathered but not yet analyzed, Health Canada said on Monday.

The Canadian government has rejected Shandong Gold Mining’s bid to acquire Canada’s debt-saddled TMAC Resources, the companies said, with the Chinese miner adding that the sale was blocked on national security grounds.

Outlook 2021: Manulife's chief economist speaks about what factors from 2020 will affect the economy in the year ahead

As 2020 ends, and with vaccination against the coronavirus ramping up, would-be travelers wonder what they can expect in the coming year, and beyond. Here’s what we know.

Scientists warn that global carbon emissions will rebound next year and continue to surge unless governments prioritize climate change in their Covid economic recovery plans.

Virtual care should become a central pillar of a new health delivery system that ensures all Canadians get the right care at the right time

Ontario is expected to go into a province-wide lockdown on Christmas Eve as the government tries to gain control of a surge in COVID-19 cases in the most densely populated parts of the province.

Fiat Chrysler  and French rival PSA gained EU antitrust approval on Monday for their $38-billion merger to create the world’s No.4 carmaker after pledging to boost Japanese rival Toyota Motor .

Apollo Global Management Inc. increased its offer for casino operator Great Canadian Gaming Corp. by 15 per cent, winning over a group of shareholders that had threatened to block the deal.

The chairman of Ford Motor and the great-grandson of Henry Ford is an elder statesman in an industry where C.E.O.s come and go.

Airbus is set to beat Boeing to be the world’s largest jetmaker for the second year in a row, ending 2020 by resuming deliveries of its A380 superjumbo to Emirates, though its final deliveries are likely to have dropped 35% from 2019 due to the pandemic.

Metro Inc. paid out near-maximum bonuses to its top executives, saying that while the COVID-19 pandemic indeed fuelled a rise in sales in the past year, the supermarket chain was well on its way to topping its profit targets anyway.

The head of Canada’s banking regulator will leave his post next June, choosing not to seek a second mandate after helping steer the country’s banking sector through an intense period as it responded to the fallout from the novel coronavirus.

We have learned that we can actually accomplish a lot without having to be as physically present as we were used to being'

The chief executive officers of 68 Canadian companies that paid out dividends while receiving the pandemic wage subsidy earned an estimated $30 million in dividends themselves during the quarters in which their firms accepted the Canada Emergency Wage Subsidy (CEWS), according to an analysis of share ownership stakes by the Financial Post.

Brussels urged EU member states to ditch their blanket travel bans on the UK as London and Paris raced to strike a deal to reopen cross-Channel trade routes, which have been closed due to fears over Britain’s new strain of coronavirus.

In a filing to the Shanghai Stock Exchange on Tuesday, Shandong Gold, one of China’s biggest gold miners, said it had received notice of a decision by Canadian authorities on Dec. 18 that it should not proceed with the deal.

The coronavirus-relief bill passed by Congress on Monday will likely spur a stronger economic recovery in the second half of 2021, though it may be arriving too late to stave off a further slowdown this winter, analysts say.

Ottawa a donc accepté de mettre passablement d’eau dans son vin. D’abord, seules les grandes entreprises en Bourse seront visées par le resserrement de la mesure. Sont donc exclues les petites capitalisations en Bourse – dont le revenu annuel brut n’excède pas 500 millions – de même que toutes les entreprises privées, non inscrites en Bourse.

Montreal startup Element AI Inc. was running out of money and options when it inked a deal last month to sell itself for US$230-milion to Silicon Valley software company ServiceNow Inc., a confidential document obtained by the Globe and Mail reveals.

The federal government is restricting travel from the U.K. for 72 hours in an effort to keep a contagious new strain of the virus that causes COVID-19 out of Canada.

More transmissible than other strains, it may require stricter lockdowns