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Activist shareholders target Dominion Diamond


Dominion Diamond Corp. is officially in play as the miner is being targeted by an activist shareholder group and is reportedly studying a potential sale. The stock jumped 22 per cent to $14.01 on Tuesday as investors absorbed the news. It is still down 33 per cent on the year. …

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Four ways to fix the ‘broken’ TSX Venture Exchange


The TSX Venture Exchange has real problems. TSX Venture Exchange by the numbers in 2015 -34% drop in total equity capital raised by Venture issuers$3.1 billion amount of equity capital raised$677 million amount raised in public offerings-9% decline in total listings to 1,806-15% decline in trading volume-29% decline in number …

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Canadian lawsuit names Bank of Nova Scotia in gold price manipulation


TORONTO — Bank of Nova Scotia, embroiled in a lawsuit in the United States along with a handful of international banks over alleged manipulation of a key benchmark based on the gold price, is facing a fresh lawsuit filed in Canada. Lawyers at Sotos LLP, Koskie Minsky LLP and Camp …

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Canada well positioned to become Islamic banking hub, according to report


TORONTO — Islamic banking is being touted as the next big thing for Canada’s financial services sector, but experts say it’s up to the new federal government to demonstrate that it welcomes Shariah-compliant investments. “It’s absolutely fundamental that the Canadian government signal that, in fact, it is open to Islamic …

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You can’t judge high frequency trading by the view from the stock pits, study finds


Nearly two years after author Michael Lewis made waves with Flash Boys, his book that claimed the capital markets are “rigged” as a result a new breed of traders making ultra-fast electronic high-frequency trades, the debate rages on about their true impact. The Investment Industry Regulatory Organization of Canada compiled …

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Long Run Exploration convert holders ask: Who is looking out for us? Where is our full value?


Judging from the response to a recent column, Long Run Exploration, which this week agreed to a takeover offer from an unnamed Chinese investor, is in trouble with holders of its convertible debentures. In that takeover, which comes with a $770 million value, the debenture holders are being offered $750 …

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LNG hope and OPEC’s tightrope: What’s in store for Canada’s oil patch in 2016


There’s no rest for the weary. The Canadian oil and gas industry weathered one of its worst years in a generation, and there’s no guarantee 2016 is going to be any better, especially if oil prices remain range-bound at their current level of US$38 per barrel. But a number of …

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Paying down debt remains top priority, but many Canadians making little headway, poll finds


TORONTO — Paying down debt remains the top financial priority of Canadians, but it’s a goal many appear to be having difficulty meeting, according to a new poll conducted for CIBC (TSX:CM). The poll found that 26 per cent of respondents named debt reduction as their key financial goal for …

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How an emerging labour movement in China’s Wal-Mart stores threatens expansion ambitions of all Western retailers


When Zhang Jun, a 44-year-old electrician at a Wal-Mart store east of Beijing, shared a Mao-era propaganda poster on his Weibo blog, he was making a point. Why China is still a foreign territory to Canadian retailers Why have so few Canadian retailers looked to expand into the populous, burgeoning …

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Two of Dominion Diamond’s independent directors quit board amid strategic review


TORONTO — Dominion Diamond Corp. says two of its independent directors have resigned, as the board of Canada’s largest publicly traded diamond producer faces shareholder pressure for a shakeup. One resignation is Fiona Perrott-Humphrey, an investment analyst who has worked with the London-based Rothschild group, which has been hired by …

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