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Tag Archives: Canadian

Three Canadian pensions to pay US$2.8 billion for operator of Chicago Skyway toll road


A consortium of the Canada Pension Plan Investment Board, OMERS, and the Ontario Teachers’ Pension Plan have struck a US$2.8 billion deal to acquire Skyway Concession Company LLC, which operates the Chicago Skyway toll road. Each pension will own a 33.33 per cent interest, and contribute an equity investment of about …

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Bombardier Inc in talks with Canadian government on CSeries investment: CEO


LAS VEGAS — Bombardier Inc is in talks with the new Canadian government about a further cash infusion into its struggling CSeries jet program, which the planemaker expects to turn a profit by around 2020, according to Chief Executive Alain Bellemare. The long-delayed single-aisle passenger jet program is already billions …

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Canadian beef producers expecting to double, even triple exports to Japan thanks to TPP


OTTAWA — After years stuck in the doldrums, Canadian beef exporters finally see opportunity for growth. Thanks to the Trans-Pacific Partnership, they say their exports to Japan could double, or even triple, after years of trade difficulties imposed, in part, by Canadian mad-cow scares. Trans-Pacific Partnership: Full text — Here’s …

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Riots destroy Canadian mine in Mozambique, Pacific Wildcat Resources’ second project to face trouble


TORONTO — Rioters have destroyed a Canadian-owned tantalum mine in Mozambique, injuring security officers and setting fire to the site, the company says. Pacific Wildcat Resources, in a press release issued late last week, said company representatives had fled its Muiane mine to the city of Nampula, around 120 kilometres …

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Bayfield Strategy Inc starts Canadian proxy advisory firm


Bayfield Strategy Inc., a financial communications firm, is starting a proxy solicitation company called Evolution Proxy Inc. Evolution Proxy will be co-led by industry veterans Riyaz Lalani as president, and Chang Park as chief operating officer, the Toronto-based company said Friday in a statement. Lalani will continue to serve as …

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Canadian economy rebounding amid adjustment to low commodity prices: Bank of Canada’s Patterson


Canada is adjusting to the damage from lower commodity prices and the economy will use up its idle capacity to produce more goods by mid-2017, a central bank policy maker said Tuesday. Lower interest rates and a weaker Canadian dollar are helping with the adjustment, Bank of Canada Deputy Governor …

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Canadian Oil Sands Ltd has received interest from 25 potential buyers, and four are ‘highly credible’


CALGARY – There are four “highly credible parties” interested in Canadian Oil Sands Ltd., which will take its battle against a hostile takeover bid by Suncor Energy Inc. to a Calgary securities commission hearing Thursday. Canadian Oil Sands' ‘fear-mongering’ in Suncor Energy Inc takeover talks no help to shareholders With …

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Canadian companies have ‘false sense of security’ when it comes to cyber threats: report


Many Canadian businesses have “wrapped themselves in a false sense of security” when it comes to resisting cyber attacks, according to a new survey by Deloitte. A false feeling of preparedness, often because there has been no attack to date, leaves the door open “even wider for the would-be attackers,” …

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Where have all the Canadian tourists gone? Weak dollar keeps them from visiting the U.S.


ORLANDO, Fla. — Around this time of year, Joel and Lorraine Leydier usually make their annual drive from their home in a small town east of Toronto to Myrtle Beach, South Carolina, where they love watching the beach from the balcony of their hotel, shopping and listening to music at The …

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Norfolk Southern Railway snubs Canadian Pacific’s $28-billion offer as ‘grossly inadequate’


Norfolk Southern Corp. has rejected Canadian Pacific Railway Ltd.’s US$28.4-billion takeover proposal, calling it “grossly inadequate” and emphasizing that it’s unlikely to receive regulatory approval at any price. But CP chief executive Hunter Harrison is not one to give up easily, and analysts said he’s now likely to sidestep the …

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