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Tag Archives: nbsp

How Canada is becoming the orphan equity market nobody wants


Canada is the orphan equity market nobody wants. First oil, now Canada's corporate heroes are crashing — no wonder bond investors are running for the exit Turmoil with market heavyweights Valeant Pharmaceuticals and Bombardier has helped push Canadian high-yield bonds to their worst performance since 2008. Read on Hammered by …

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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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Enbridge Inc cuts 500 staff, about 5% of workforce, amid collapse in oil prices


CALGARY – Canada’s largest pipeline company Enbridge Inc. confirmed it laid off 500 people on Monday and will not be hiring for an additional 100 unfilled positions. The layoffs represent about five per cent of the company’s total workforce and are spread across Enbridge’s operations in Canada and the U.S. …

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More layoffs to come in drilling sector, as activity levels to remain low in 2016


CALGARY – Canada’s drilling industry is expected to post its worst year in more than three decades in 2016 with more layoffs and a record number of idled rigs. “We are predicting one of the lowest utilization rates of our equipment since we started collecting this information in 1977,” Canadian …

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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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Target Corp oversold – J.P. Morgan


For the first time since chief executive Brian Cornell took over in August 2014, Target Corp. failed to beat earnings expectations and reported a year-over-year decline in gross margins. This has investors wondering whether the retail giant’s upward earnings revision cycle is running out of steam, and if its turnaround …

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Tim Hortons abruptly shutters some stores in New York and Maine


TORONTO — Turns out not everyone has time for Tim Hortons, especially in the United States. The coffee and doughnut chain took surprise measures this week when it pulled the plug on some restaurants in New York and Maine as part of a performance review. The closures sparked plenty of …

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Oil industry vows more investment, more action on climate change


CALGARY – Canada’s largest oil and gas industry association has vowed to do more to tackle climate change by investing in technologies that would “take carbon out of the barrel.” Canadian Association of Petroleum Producers president and CEO Tim McMillan was in Ottawa on Friday, meeting with officials and trying …

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Alberta gives the oilsands a climate change deal it can live with


Alberta announced Sunday a sweeping climate change policy to show it is “bucking up” — including $3 billion in carbon taxes that will pick everyone’s pockets and make for a super-fast transition from coal to renewable energy. But it also protects the oilsands industry by putting a cap on overall …

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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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