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The decision, announced on Monday by financial data provider Refinitiv, amounts to a significant change to the country’s financial plumbing. The benchmark, referred to as CDOR, has been in use since the 1980s and underpins more than $20-trillion worth of financial contracts.
Canada is facing a trade dispute from New Zealand over dairy imports, in what experts say will be an uphill battle for a government already beleaguered by accusations of failing to meet trade obligations.
Speaking at a conference in Ottawa on Monday, Mr. Péladeau highlighted a slew of recent decisions by federal regulators that he believes will benefit consumers, including the Canadian Radio-television and Telecommunications Commission’s April, 2021, ruling that forces the Big Three national wireless carriers and SaskTel to sell network access to eligible regional competitors.
The merger of two self-regulatory organizations that oversee Canada’s investment industry is heading into the last stages of approval, with regulators announcing the final framework and a new board of directors.
Billionaire Gautam Adani is betting that India is on the cusp of a multiyear boom in housing and infrastructure construction, striking an up-to-$10.5 billion deal that will turn his conglomerate into the country’s second-largest cement producer.
Executive bonuses were up in 2021 – the first full year of the pandemic – at the public companies that operate Canadian long-term care homes.
Elon Musk on Saturday tweeted that Twitter Inc.’s legal team accused him of violating a non-disclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100.
Du point de vue des actionnaires et des dirigeants des entreprises du secteur pétrolier, il s’agit plutôt d’un pactole ardemment attendu après quelques années de faible rendement.
Canadian ETFs added $1.5 billion in April, led by inflows to Canadian equity, thematic equity and Canadian aggregate bonds, bringing the total year-to-date inflow to $15 billion. Inflows slowed down in April, but remained positive despite the wide selloff in equity markets.
The CSA also revealed the names of board members for a new, single investor protection fund for the industry and released for public comment several documents outlining the structure of the new organization and fund.
The $10-billion LiUNA Pension Fund of Central and Eastern Canada, along with Musqueam Capital Corp., the Tsleil-Waututh Nation and infrastructure investor Fengate Asset Management, which manages $6-billion, made an offer for Freedom and presented it last week to federal government officials for approval, according to sources working on the acquisition. The Globe and Mail is not identifying the sources because they are not authorized to speak for the consortium.
The company said Wednesday that its slate of 13 directors were all re-elected according to a preliminary tally of votes at its annual shareholder meeting.
Shareholders of Duke Realty, a real-estate investment trust that specializes in industrial properties, would receive 0.466 shares of Prologis stock for each share of Duke Realty they own.
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“I’ve committed that I will not go back and ask for another general fund” to bankroll VC firms, Kim Furlong, chief executive officer of the Canadian Venture Capital and Private Equity Association, said in an interview. “This is not a crutch the industry should rely on. I think this is the last time we’ll see a major fund-to-fund initiative from the federal government.”
As we sit squarely in the middle of proxy season, we have a useful vantage point from which to consider already announced shareholder proposals and anxiously await investor feedback on those matters presented for shareholder votes. From this vantage point, corporate directors can better anticipate and prepare for trends that may ultimately be presented to them.
The federal pay equity legislation, which came into force at the end of August, 2021, and follows in the footsteps of similar laws in Ontario and Quebec, requires that public and private federally regulated employers with 10 employees or more develop plans to address gender-based pay inequities by September, 2024.
Activist investor HG Vora Capital Management LLC is offering to acquire Ryder System Inc. in a $4.4 billion deal that would take the fleet management and supply-chain operator private.
JetBlue Airways Corp on Monday commenced a hostile all-cash takeover bid for Spirit Airlines Inc, two weeks after the discount carrier rejected an offer from the larger rival.
More than three decades after it became the first American fast food restaurant to open in the Soviet Union, McDonald’s MCD-N said Monday that it has started the process of selling its business in Russia, another symbol of the country’s increasing isolation over its war in Ukraine.
On Wednesday, Kohl’s shareholders rejected activist investor Macellum Advisors’ push to replace up to 10 directors. Macellum had renewed its push for changes at Kohl’s starting in January, including for a sale process, which Kohl’s subsequently hired Goldman Sachs to run. The department-store chain has said on its website that it engaged with more than 20 interested parties.
Activist shareholders at Toshiba may have finally pushed the company to consider selling itself, after years of corporate drama. But they still face a final hurdle: the Japanese government.
Founder and chief executive officer Tobias Lutke stated that he placed an order for US$10-million in Shopify stock. “It’s time to build,” he tweeted.
Brookfield Asset Management says it will spin off a new asset-management business to shareholders by the year’s end, creating a roughly US$80-billion entity that will pay most of the dividends its shareholders now receive.
Swedish Match AB said Wednesday that its board agreed to a 161.2 billion Swedish krona cash offer, equivalent to $16 billion, from Philip Morris International Inc.
Through the deal, Pfizer will gain Biohaven’s migraine drug Nurtec, a potential blockbuster that analysts say could add billions of dollars in yearly sales to a big drugmaker facing several costly patent expirations in the coming years.
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