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L’Assemblée nationale du Venezuela a avalisé lundi un premier vote en faveur de la révision du code minier visant à attirer des capitaux étrangers, quelques jours après l’annonce du rétablissement des relations diplomatiques entre Washington et Caracas. Aucune date n’a été fixée pour le second des deux débats parlementaires prévus par la loi, qui impose l’approbation de chaque article individuellement. Ce débat intervient après la visite mercredi au Venezuela du ministre américain de l’Intérieur, Doug Burgum, connu pour sa proximité avec l’industrie pétrolière et minière.
Nissan Motor Co. said CFO Jérémie Papin will step down for personal reasons, with the struggling Japanese carmaker appointing a long-serving executive to replace him. Leondis will succeed Papin as finance chief from April 1, the company said in a statement Tuesday. Papin will remain with Nissan through mid-May to shepherd the carmaker through the end of the fiscal year. Papin became CFO in 2025 in the run-up to a leadership shuffle that coincided with the beginning of the carmaker’s push to slash costs and rescue itself from its worst crisis in almost three decades. Most recently Nissan narrowed its operating-loss forecast and touted progress in its cost-cutting drive.
Monte dei Paschi di Siena CEO Luigi Lovaglio has cancelled investor meetings he was due to hold to discuss the strategy for the combined MPS-Mediobanca banking group that he unveiled at the end of February, two sources close to the matter said. However, since unveiling the business plan on February 27, Lovaglio has been excluded from the rooster of CEO candidates the MPS board has put forward for a shareholder vote in April.
Shopify's CEOTobias Lütke could earn proceeds worth hundreds of millions of dollars by selling company stock this year, and has already filed to sell tens of millions of dollars’ worth this month, filings show. On Friday, the Ottawa-based e-commerce company said that Mr. Lütke had entered into an automatic securities disposition plan to sell up to 1,987,032 class-A subordinate voting shares, held both directly and indirectly. Shopify shares traded at $176.78 on the Toronto Stock Exchange at the end of the day Friday. If all sold at that price, those shares would generate gross proceeds of approximately $350-million.
Prime Minister Mark Carney will attend question period Tuesday after a day’s worth of criticism from opposition MPs that he was hiding from a debate on his Middle East policy. Mr. Carney did not attend Monday night’s take-note debate on the hostilities in the region and Canada’s response, prompting criticism throughout the evening about his absence. The Conservatives, Bloc Québécois and NDP have accused the government of changing its position multiple times on the U.S. and Israeli air strikes against Iran and the regime’s subsequent response. They say Canadians deserve to hear directly from the Prime Minister on the issue.
Transat A. T. remporte une autre manche contre Pierre Karl Péladeau, son deuxième actionnaire en importance. L’homme d’affaires, qui souhaitait prendre les commandes du conseil d’administration du spécialiste du voyage d’agrément, n’a pas récolté suffisamment d’appuis pour y arriver. Dans le cadre d’une assemblée annuelle, mardi, les actionnaires ont voté en faveur du plan de la compagnie à l’étoile bleue. Il prévoit la poursuite des initiatives en cours ainsi qu’une réduction de la taille du C. A., qui passera de onze à huit membres.
Exxon Mobil plans to move its legal home to Texas from New Jersey, joining other companies that have flocked to the Lone Star state in search of a more business-friendly environment. Exxon, which has been incorporated in New Jersey since 1882, plans to ask its shareholders to vote on a proposal to redomicile in Texas. If successful, Exxon will follow Tesla, Coinbase Global and others that have reincorporated in Texas. Exxon Chief Executive Darren Woods told The Wall Street Journal in an interview that the move is about protecting the company from shareholder “abuse,” a reference to what companies see as a proliferation of frivolous shareholder lawsuits in certain venues.
Détenant plus de 16 % des actions, la Caisse et le Fonds de solidarité FTQ, qui obtiennent un siège au conseil, ont annoncé qu’ils se rangeront derrière Transat. Ces appuis représenteraient « un obstacle imposant » sur le chemin de M. Péladeau, a indiqué le président-directeur général de l’Institut sur la gouvernance d’organisations privées et publiques (IGOPP), François Dauphin, dans une entrevue récente à La Presse Canadienne.
Pour l’année en cours, le gouvernement du Québec prévoit un déficit de quelque 12,4 milliards de dollars, en incluant les versements au Fonds des générations, soit 1,9 % du PIB. Ce déficit devrait s’effacer progressivement d’ici quatre ans, si l’on s’en remet au plan de retour à l’équilibre budgétaire du gouvernement caquiste. Si tel est le cas, la situation budgétaire du Québec est soutenable à moyen terme, soit d’ici 12 ans, estiment les chercheurs Suzie St-Cerny, Luc Godbout et Yves St-Maurice. Soutenable ne signifie pas que les surplus se multiplieront, mais plutôt que les déficits avoisineront 0,5 % du PIB entre 2026 et 2038, quatre fois moins qu’actuellement, en moyenne.
Plusieurs gouvernements ont déchanté en misant sur les logiciels « clés en main » de Cúram, comme celui qu’a retenu Ottawa pour la Sécurité de la vieillesse, l’assurance-emploi et le Régime de pensions du Canada. À Toronto, des consultants d’IBM ont facturé des taux élevés pour corriger leurs propres erreurs de programmation dans le système de versement de l’aide sociale, selon la vérificatrice générale de l’Ontario. Au Maryland, la multinationale a accepté de payer près de 15 millions de dollars américains pour éviter des poursuites pour fausses déclarations concernant l’état de développement de Cúram.
The Group of Seven industrialized countries are to discuss plans to release oil from strategic reserves as the price reached almost US$120 at one point in early European trading on Monday and Iran warned that it would pursue triple-digit oil prices as an economic weapon. On social media, the head of Iran’s parliament, Mohammad Baqer Qalibaf, said Iran’s strategy was to force energy prices up to the point that the U.S. and Israel were forced to back down on their attacks on his country. “The economic consequences of this war spilling over to the level of infrastructure across the region and the world will be vast and long-lasting,” he wrote. “Oil prices could remain in triple digits for some time. The grounding of global economies is the likely outcome of this war.”
The CAAT Pension Plan is parting ways with chief executive officer Derek Dobson, who has agreed to repay a controversial $1.6-million vacation payout he received last year as he ends his nearly 17-year tenure at the helm of the plan. CAAT said in a statement on Friday that “Mr. Dobson has tendered his resignation and will leave CAAT effective immediately” as part of a settlement agreement that “brings closure to his employment at the plan.” Mr. Dobson was placed on administrative leave last month after concerns about his leadership and the board’s oversight of his actions caused upheaval in the senior ranks of the $23-billion fund.
En fin de règne, François Legault s’est assuré de prolonger les mandats de deux alliés de longue date dont les contrats venaient à échéance tout juste après la prochaine élection, afin qu’ils conservent leur place dans la haute fonction publique malgré un éventuel changement de gouvernement. Le 12 avril prochain, François Legault quittera ses fonctions de premier ministre du Québec. D’ici là, son gouvernement semble vouloir consolider l’influence de certains proches à des postes stratégiques.
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L’Iran a menacé mardi le président américain, en rejetant ses avertissements de la veille et en jurant que plus aucune goutte de pétrole ne sortirait du Moyen-Orient « jusqu’à nouvel ordre ». « Des plus puissants que vous ont essayé d’éliminer la nation iranienne et n’ont pas réussi. Faites attention à ne pas être éliminé vous-même ! », a écrit Ali Larijani, chef du Conseil suprême de sécurité nationale iranien, sur X. La République islamique balaye ainsi les propos la veille de Donald Trump, qui promettait de frapper « plus fort » si Téhéran continuait de paralyser la circulation du pétrole dans la région.
Singapore's DBS Group said the bank paid CEO Tan Shu Shan S$9.64 million ($7.5 million) in total remuneration last year, comprising a salary of S$975,250, cash bonus of S$3.69 million, a deferred award of S$4.92 million and other benefits of S$68,694. The package covered Tan's time as CEO from March 28, 2025 and as deputy CEO from January 1 to March 27, 2025, Singapore's biggest bank by assets said in its annual report released on Monday. Her predecessor Piyush Gupta received S$17.6 million for 2024, his final full year as CEO when the bank reported record annual net profit.
Jay Graber is stepping down as the CEO of Bluesky and will transition to the role of chief innovation officer at the social media platform. Graber, who was named to lead Bluesky in 2021, will be replaced by advisor Toni Schneider as interim CEO, she said in a blog posted to the company's website. Bluesky, with more than 40 million users, was one of the apps looking to be an alternative to the platform formerly known as Twitter after Elon Musk's takeover of the company. It was started by Jack Dorsey as a project within Twitter in 2019 and was set up as an independent company in 2021.
iA Financial Group Inc. executive Julie Gallagher will take over as chief executive officer of RF Capital Group Inc. RCG-T, an independent wealth management firm acquired by iA last summer. Quebec-based iA announced Tuesday that Ms. Gallagher – who is the head of investment products, solutions and capital markets – will step into the role of president and CEO of RF Capital, known as Richardson Wealth, replacing Dave Kelly, who joined the boutique firm in 2024. Mr. Kelly, who told The Globe and Mail last year he would remain as CEO until a new leader was found, will be appointed vice-chair of Richardson’s board of directors during the transition period, which will end in June.
Quebecor CEO Pierre Karl Péladeau lost his bid to take control of the board of Transat at the airline operator’s annual meeting on Tuesday. Mr. Péladeau, who controls 9.5 per cent of Transat through Financière Outremont Inc., nominated three directors to the board, including himself, and proposed cutting the number of directors to six. Mr. Péladeau has said he is unhappy with the company’s operational and financial performance. However, Transat said preliminary ballot results showed shareholders rejected Mr. Péladeau’s nominees and his plan to reduce the size of the board. Results were to be made final later on Tuesday. Shareholders approved the board’s eight nominees, including Transat chief executive officer Annick Guérard.
Sturm Roger said Beretta is seeking to gain control of the company through discounted share purchases and outsize governance rights. The statement comes after Beretta acquired a nearly 10% stake in Ruger and last month nominated four directors to the company’s board, setting the stage for a potential proxy fight between the rival gun makers. Beretta first disclosed its stake in September, stating at that time that it had no “present intention” to take control of Ruger, according to Ruger. In the days and weeks that followed, Ruger representatives reached out to Beretta, repeatedly offered to meet, and asked that Beretta pause its share accumulation pending discussions, the company said.
Détenant plus de 16 % des actions, la Caisse et le Fonds de solidarité FTQ, qui obtiennent un siège au conseil, ont annoncé qu’ils se rangeront derrière Transat. Ces appuis représenteraient « un obstacle imposant » sur le chemin de M. Péladeau, a indiqué le président-directeur général de l’Institut sur la gouvernance d’organisations privées et publiques (IGOPP), François Dauphin, dans une entrevue récente à La Presse Canadienne.
Le gouvernement Carney annonce qu’il va investir 900 millions de dollars dans la recherche et l’innovation dans le cadre de sa stratégie industrielle de défense. Et il se tourne vers le Conseil national de recherches du Canada (CNRC) et Bombardier pour donner le coup d’envoi à ces premiers efforts qui doivent mener à des débouchés dans les secteurs militaire et civil. Une bonne partie de cette somme (environ 500 millions) servira à augmenter les capacités nationales dans le secteur des drones – devenus incontournables dans le réarmement des pays – et dans le domaine des technologies aérospatiales.
La Chine adopte un ton largement positif avant le sommet prévu entre les dirigeants des deux pays à la fin du mois. Le ministre chinois des Affaires étrangères, Wang Yi, a déclaré dimanche, en marge de la réunion annuelle de l’Assemblée législative chinoise, que cette année serait « importante » pour les relations entre les deux puissances mondiales. Il a affirmé que, malgré de nombreuses divergences, « les deux chefs d’État ont personnellement maintenu de bonnes relations », offrant ainsi une « garantie stratégique » pour les relations bilatérales.
Le maire de Laval, Stéphane Boyer, juge « inacceptable » de devoir verser un million de dollars à l’ancien maire Gilles Vaillancourt, afin que celui-ci puisse payer de l’impôt sur des sommes qu’il avait dérobées à la population. Son administration réclame une intervention d’Ottawa. C’est l’Agence du revenu du Canada (ARC) qui oblige la Ville à faire un chèque à M. Vaillancourt. Le gouvernement fédéral compte prélever environ 14 % d’impôt sur un montant de 7 millions de dollars qui avait été volé par l’ex-maire. Dissimulées dans un compte banquier en Suisse, les sommes ont été rapatriées à Laval dès 2016, au moment où M. Vaillancourt avait plaidé coupable à des accusations de fraude, d’abus de confiance et de complot.
Canada’s banking regulator warned bank executives in a meeting last October that a widespread practice of blanket home appraisals for condominium mortgages could breach a federal mortgage rule, according to meeting minutes seen by Reuters. Reuters obtained the meeting minutes through an access to information request. They show how the Office of the Superintendent of Financial Institutions, the regulator responsible for the stability of Canada’s financial sector, is scrutinizing some mortgage approval practices more closely amid growing concern over the potentially broad economic impact of a collapse in Canada’s housing market.
With some notable exceptions, Canadian companies have limited traction in the Indian market. Prime Minister Mark Carney’s trip to the country this week was an effort to change that. He met the leaders of some of India’s great business houses in Mumbai last weekend, then travelled to New Delhi on Monday to patch things up with Prime Minister Narendra Modi after several years of diplomatic strife. The goal: Get more Canadian uranium into Indian nuclear reactors, more Canadian code into Indian software systems and more Canadian-branded coffee into India’s rapidly growing middle class.
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