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Tag Archives: buy

Ontario enlarged loans to unions so they could buy more shares in hot Hydro One Inc IPO


On a day when the overall Canadian equity market fell 0.75 per cent, Thursday proved a rewarding first day in public trading for shareholders in Hydro One Inc., with the beneficiaries of the 5.5 per cent jump including the Power Workers’ Union (PWU) and the Society of Energy Professionals (SEP). …

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Couche-Tard to buy Ireland’s Topaz in addition to European convenience store network


MONTREAL — The company that owns Mac’s and Couche-Tard stores is making further advances in Europe with the acquisition of Ireland’s leading operator of gas bar and convenience store stations. The Quebec-based company says it has an agreement to buy the Topaz chain for an undisclosed price. Couche-Tard says Topaz …

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Be ready to buy gold equities: J.P. Morgan


Most analysts are cautious on gold these days, especially since the market anticipates a rate hike from the U.S. Federal Reserve next week. But there is some mild optimism seeping into the forecasts for 2016, including the one from J.P. Morgan analyst John Bridges, who pointed out that gold has …

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Best Buy Canada sales slump after Future Shop consolidation, soft holiday sales


TORONTO  — Best Buy Canada will see a dramatic reduction in fourth-quarter revenue after a tepid holiday sales season and the fallout from shuttering the Future Shop chain last year, its parent company said Thursday. In a holiday report that released nine weeks’ worth of results ended Jan. 2, Minneapolis-based …

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Aviva Canada Inc to buy RBC General Insurance Company for $582 million


Royal Bank of Canada is selling its home and auto insurance business to Aviva Canada Inc. for $582 million in a deal that includes a 15-year distribution arrangement allowing the bank to continue selling a “full suite” of insurance products. RBC chief executive Dave McKay indicated last year that the bank …

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German billionaire to buy Vancouver’s coveted Royal Centre office tower for more than $400 million


German multi-billionaire Klaus-Michael Kuehne is close to a deal to buy one of Vancouver’s largest office towers, which houses Royal Bank of Canada’s British Columbia head office, the Financial Post has learned. Kuehne, who Forbes estimates is worth about US$10.6 billion, is said to have paid about $725 per square …

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A Canadian first, a combined annuity buy-in leads to big savings for two Canadian pension funds


Put it down serendipity, or just plain good luck. Unbeknown to each other, two large pension plan sponsors were both looking around for ways to de-risk their obligations. Both were working with the assistance of the same consultant, Mercer’s, which had a team in Montreal working with one of the …

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Speculator under review for alleged crowdfunding to buy real estate snaps up more property in Vancouver


Real-estate investment company Sun Commercial Real Estate has just closed a share-sale deal to buy two low-rise apartment buildings in Vancouver’s West End. Located at 1075 Nelson and 1059 Nelson, they are assessed at $16 million and sold for about $60 million, according to real estate sources. The deal is …

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Canadians rushing to buy foreign securities, while foreign investors dump ours


Domestic investors put a record amount of cash into foreign securities in December as a struggling economy and crumbling stock market at home sent Canadian cash abroad. Statistics Canada said Wednesday that domestic investors scooped up $17.4 billion in foreign securities for the month, breaking November’s record of $16.5 billion. …

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Air Canada announces plans to buy 75 Bombardier CSeries planes worth $3.8 billion


Air Canada said its costs would fall this year if the Canadian dollar remained unchanged from 2015 levels, and announced plans to buy up to 75 CS300 aircraft from Bombardier Inc as part of a plan to renew its fleet. A falling Canadian dollar has been weighing on Air Canada …

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