TORONTO – Rubicon Minerals Corp. is at risk of collapse after breaching a debt covenant and halting its high-profile Ontario gold project because of technical problems. The junior miner announced Tuesday that there’s “significant doubt” it may continue like a going concern because of its debt, and could need to seek creditor protection. To stay onside using the terms of ...

WINDSOR – Be cautious what you boycott. The Condiment War: How ketchup was a rallying cry for Canadian nationalism Little did Heinz realize that two years after closing its Leamington, Ont. plant lingering anger would play right into both your hands of 1 of its biggest competitors. Read on The French’s-Heinz ketchup controversy, with Southwestern Ontario Ground Zero within the ...

MONTREAL – Hedge fund billionaire Bill Ackman has invested in Valeant, publicly defended Valeant and, quickly after joining the company’s board, it seems he’s already having an influence in running Valeant. In fact, just hours after Valeant Pharmaceuticals International Inc. announced Monday that CEO Michael Pearson would step down, Ackman was by his side addressing a town-hall meeting of just one,000 workers ...

MONTREAL – Saputo Inc. says it will close three plants in Eastern and Atlantic Canada employing some 230 workers after next year in a proceed to spend less and boost efficiency. The Montreal-based dairy processor and cheese maker said its plant in Sydney, N.S., will close in June, followed by another in Princeville, Que., in August. A third facility in ...

Analysis Longtime director of enforcement Tom Atkinson is leaving the Ontario Securities Commission, the securities regulator revealed Wednesday. While the move was not surprising given that rumours of Atkinson’s move to the Securities and Futures Commission of Hong Kong has been on offer in regulatory and legal circles, his departure is raising another issue that’s been hanging within the OSC ...

It may be a record for any takeover: the expense of closing the deal – defined within the circular as the per share estimated transaction cost – amount to about 25 per cent of the items shareholders will get. But this is the state of affairs at Opta Minerals, which is set to become put out of its misery at ...

The government is upgrading efforts to hack down on tax cheats, according to Budget 2016. In its first federal budget, the brand new Liberal government said it will give you $444.4 million to the Canada Revenue Agency within the next five years so it can crack down on tax evasion and combat tax avoidance.  The government says it expects these ...

Regulators are warning Canadians in regards to a spike in websites promoting “binary trading options platforms” accustomed to bet on how a stock or currency will work on the short time. “No business is currently registered or authorized to promote or sell options in Canada,” the Canadian Securities Administrators warned Tuesday, adding that while investors may see virtual gains around ...