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Financial crisis

Suncor attacks Canadian Oil Sands leadership as having ’almost no skin in the game’

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CALGARY — Suncor Energy’s latest appeal to Canadian Oil Sands shareholders attacks the leadership of the reluctant takeover target for having ‘almost no skin in the game.’ Suncor CEO Steve Williams says COS directors and executives own less than 0.1 per cent of the company’s shares. He says if COS …

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Why the Star Wars rebel alliance needs a central bank

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ST. LOUIS, MO. – The U.S. Federal Reserve has it easy — at least compared to the problems that would face a Central Galactic Bank after the smoke clears from the anti-Empire rebellion when Star Wars episode VII premieres this week. Blowing up the Death Star in Star Wars would …

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TMX readying for showdown with Nasdaq over Canadian tech unicorns

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 The owner of Canada’s largest stock exchange is trying to make the company more enticing to technology startups amid new competition from Nasdaq Inc., the global heavyweight in tech listings. TMX Group Ltd. wants more tech firms on its venue for small companies, the TSX Venture Exchange, with the goal …

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Twas the week before Christmas … a poetic year in review by the company whose motto is ‘Be boring. Make money’

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Calgary headquartered Mawer Investment Management, is known for many things: it was founded more than 40 years ago, it manages more than $30 billion of client assets, it is home to 40 employees, it now has offices in two other cities, Toronto and Singapore and is a regular winner of …

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Centerra Gold shares slide after Kyrgyzstan halts talks over Kumtor project

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BISHKEK/TORONTO — Kyrgyzstan’s government said on Tuesday it had stopped talks with Canada’s Centerra Gold on restructuring their joint Kumtor project because the current agreement “ran counter to the country’s national interests.” The decision, the latest twist in a drawn-out tussle over the mine’s fate, sent shares in Centerra sliding …

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Perpetual Energy Inc shares plunge as Alberta Securities Commission rules in favour of its rights offering

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CALGARY – Perpetual Energy Inc.’s share price plunged more than 20 per cent Thursday after securities regulators ruled in favour the company’s planned $25 million rights offering. Lawyers for Perpetual argued at an Alberta Securities Commission hearing Tuesday and Wednesday that an application to cease trade the offering would have …

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

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

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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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China Investment Corp retreats from Canada after mining, energy investments sour

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After a string of bad investments, China Investment Corp. (CIC) has shut down its Toronto office and is opening a new one in New York, part of a quiet retreat from Canadian natural resources by China’s state-controlled entities. Fortune Lost: The short, brutal and costly ride of China Investment Corp. …

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World’s worst carry trade found in Brazil as 2016 outlook dims

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Investors who bet on Brazil’s local bonds this year were saddled with the biggest losses among major economies. The outlook for 2016 isn’t much better. Borrowing dollars at the end of 2014 and buying reais, a practice known as the carry trade, left investors with losses of 22 per cent …

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