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GM’s future in Canada still uncertain as Oshawa’s Camaro production set for move to Michigan


General Motors of Canada Ltd. is no closer to making a decision about the future of its assembly operations in Oshawa, Ont., but the company is nonetheless trying to position Canada as a global hub for automotive technology as the Trans-Pacific Partnership moves closer to reality. The last Chevrolet Camaro will roll …

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AGF enters world of ETFs with purchase of Boston-based FFCM


A few weeks back CI Financial made its first steps into the world of exchange traded funds when it acquired First Asset Capital Corp., a firm with about $3 billion under management, half of which were in ETFs. Tuesday AGF Management Limited announced that it acquired the majority of the …

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Bombardier Inc gets boost to balance sheet with $1.5-billion from Quebec pension fund


Quebec’s pension fund has been guaranteed “bond-like protection with the upside of equity” in exchange for a US$1.5-billion investment in Bombardier Inc.’s train-making business. The deal, announced Thursday, gives Bombardier a “nice safety net” while also guaranteeing a healthy minimum annual return of 9.5 per cent for the Caisse de …

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Preferred shareholders at Dominion Citrus get beaten up again


The long and unpleasant times for preferred shareholders at Dominion Citrus Income Fund, a public entity since early 2006, continue. The latest blow – the preferred shares were issued in late 2002 by Dominion Citrus Ltd. to help finance a takeover — occurred this month when investors were told Dominion …

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B.C. city loses Trans Mountain pipeline court battle, ordered to pay company’s costs


VANCOUVER — The City of Burnaby’s bylaw battle against Kinder Morgan’s Trans Mountain pipeline expansion has been shut down by a B.C. Supreme Court judge who has declared that the National Energy Board rules take precedence over the city’s. The Metro Vancouver city has tried to hamper preliminary planning in …

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‘Dr. Copper’ plunges to US$2 for first time since 2009: ‘Things are quite horrible and about to get worse’


Copper goes by the nickname “Dr. Copper,” because the red metal is viewed as a barometer for the global economy. And unfortunately, it hasn’t been saying anything cheery of late. Copper prices plunged back to US$2.00 a pound this week, the first time they have touched that level since the …

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Mainland Chinese investors expected to be growing force in Canada’s commercial real estate in 2016


Investment in commercial real estate is expected to decline for the fourth straight year in 2016 despite the growing presence of Mainland Chinese investors in the marketplace, according to a new forecast. In a report out Tuesday, provided exclusively to the Financial Post, real estate firm CBRE predicts investment in commercial …

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Ontario deficit drops by $1 billion, which is ‘mainly the result’ of the Hydro One sell-off


Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon The Ontario Liberals are under fire after their fall economic statement revealed a lower-than-projected deficit was “mainly the result of the government’s… recent Hydro One initial public offering.” The deficit this fiscal year is expected to fall to $7.5 billion from …

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Perpetual Energy Inc’s convertible debt holders won’t be joining the offering party


It’s a good deal for the issuer and its common shareholders but way less attractive for the company’s convertible debenture holders. That’s the situation at Calgary-based Perpetual Energy Inc.,  which recently announced a number of recapitalization measures, all of which flowed from a decision on how to repay a $50 …

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RBC loses bid to overturn US$76 million judgment over sale of ambulance company Rural/Metro


The Delaware Supreme Court upheld on Monday a ruling that RBC Capital Markets is liable for US$76 million for its role in the 2011 sale of ambulance company Rural/Metro, which was found to have shortchanged investors. The case has been closely watched on Wall Street because the 2014 ruling by …

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