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

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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

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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

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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

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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

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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’

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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

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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

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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

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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

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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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