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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 ...

The Liberal government claims its new two-phase infrastructure spending program will boost Canada’s GDP by 0.2 percent this year and 0.4 per cent the coming year. Phase one consists of $11.9 billion for a mixture of “green,” social and transit projects within the next 2 yrs. Phase two will concentrate on the construction of projects within the next eight years ...

OTTAWA – Writing a federal finances are one thing, selling it can be quite a different matter. Bill Morneau sets Canada on path for near-record deficits, growing to a lot more than $29B over next fiscal year The Trudeau government has confirmed what a lot of private-sector analysts have predicted for months: Canada is headed for a string of near-record deficits ...