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Tag Archives: nbsp

Investors rights at most REITs not up to standards, governance group warns


TORONTO — Real estate income trusts, which are proliferating on public stock exchanges in Canada, are coming under pressure to make it easier for discontented unit holders to be heard and to seek remedies. The push is coming from a corporate governance group backed by some of Canada’s largest pension …

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Mackenzie Investments to introduce active ETFs in Canada in first half of 2016


Canada’s largest independent asset manager is getting into the exchange-traded fund business. Mackenzie Investments, owned by IGM Financial Inc., the Winnipeg-based investment company with $130.9 billion under management, will introduce a suite of actively managed exchange-traded funds in the first half of 2016, Mackenzie confirmed in an e-mail. “Active ETFs …

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‘It has been hard and it’s going to get harder’: Calgarians share their stories of being laid off


Earlier this month, the Calgary Herald asked Calgarians to share their stories of how losing their job in the economic downturn has changed their lives. They received dozens of replies. Here are some of them. Laid-off Calgarians losing hope as prospects dwindle and money runs short Almost 15,000 Albertans have …

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3 reasons to be bullish on gold in 2016


Gold prices recently hit yet another five-year low, but HSBC is calling for a bounce back in 2016. James Steel, the firm’s chief precious metals analyst, highlighted three primary reasons to get a little more bullish on bullion. The first is emerging-market demand for gold, particularly the likelihood of increased …

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TransAlta Renewables gets $200M investment from Alberta fund manager AIMCo


CALGARY – Alberta’s provincially owned investment management company bought a $200-million stake in a local renewable power provider Monday, the day after the province announced it would phase out coal-fired electricity generation. Alberta Investment Management Corp., which manages more than $75-billion worth of investments from the province’s government pension funds, …

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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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Enbridge may be high water mark for bought deals that go awry


Most of the time a bought deal – a Canadian-invented system of raising capital for issuers – runs smoothly: a deal is announced, buyers rush in to participate and within a couple of weeks the company gets the net proceeds. Every so often a deal doesn’t work out: either the …

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Two SPACs remain in limbo for the time being


For the time being at least the score will remain 5-2. We are referring, respectively, to the number of Special Purpose Acquisition Companies (SPACs) that have been formed and that have raised capital in Canada this year and the number that are in line to raise capital. It remains to …

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Get best Black Friday deals on your phone as Cyber Monday becomes obsolete


The last thing shoppers need is another name for their holiday binge; and yet here it is. First there was Black Friday. Then there was Cyber Monday. Now there’s Cyber Friday as the lines blur between online and traditional shopping in a weekend of frenzied consumption. Black Friday or Boxing …

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Glencore can withstand downgrade to junk: RBC


There has been plenty of speculation over the past few months that Anglo-Swiss commodities giant Glencore PLC could lose its investment-grade credit rating. Currently, the debt-laden company is two notches above junk status. Many investors are alarmed about a potential downgrade to junk, given that it would increase funding costs …

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