TORONTO – So long as Sears Canada has viable property to sell – and management is able to keep shaving costs – the struggling retailer will likely stay alive despite posting many years of declining sales and substantial operating losses. That’s the view of the new report from Desjardins Securities, which notes the department store’s management is not in a ...
Read More »Monthly Archives: January 2017
Columbus Gold launches proxy fight against Eastmain Resources
As Robert Giustra sees it, the management team at Eastmain Resources Inc. is so entrenched there wasn’t any reason to even attempt a friendly method of the organization. “The overwhelming consensus was that many others have tried and been averted, there was no point,” the chairman and leader of Columbus Gold Corp. said in an interview. Columbus launched a proxy ...
Read More »Banker accused of ‘shameful charade’ to bilk investors of $95 million seemed to have it all
Andrew Caspersen, the banker accused of stealing $25 million, appeared to get it all, at least in writing. Scion of a family that built and sold a finance company for billions, Caspersen went from Princeton University to Harvard School, where students can read rare books in the Caspersen Room or study within the Caspersen Student Center. Until Monday, he was ...
Read More »Parkland Fuel Corp settles its fight with the Competition Bureau
To settle a fight with the Competition Bureau of Canada, Parkland Fuel Corp. will have to sell off assets in Ontario and Manitoba. Parkland, a Red Deer, Alta.-based gasoline retailer, announced after markets closed Tuesday it had reached funds using the Bureau, requiring the company to sell a fill-up station in Kapuskasing, Ont. and either divest or terminate fuel supply ...
Read More »U.S. FTC sues Volkswagen for falsely advertising its diesel vehicles were environmentally friendly
WASHINGTON – The U.S. Federal Trade Commission sued against Volkswagen AG for falsely advertising that thousands and thousands of its diesel vehicles were eco-friendly, when the German automaker knew these were actually emitting excess pollution. The FTC filed suit in U.S. District Court in San Francisco, stating that U.S. consumers suffered “billions of dollars in injury” because of VW’s deception. ...
Read More »Israel’s incubator Trendlines Group gets shunned by Canadians, lists in Singapore
The reaction was straightforward: why not here and why there. We are talking about the current presentation by Israel-based Trendlines Group to some number of clients from the Horwood Team, which is a part of Richardson GMP. In 2014 that company C a seed-stage incubator that concentrates on medical and agricultural technology C tried to go public in Canada, but ...
Read More »Podcast: Jerome Hass of Lightwater Partners on his firm’s investing strategy and three small cap ideas (SFD, CBL)
Jerome Hass is a portfolio manager with Lightwater Partners Ltd. Lightwater manages two long short equity funds: the Lightwater Long Short Fund and the Nimble Fund. He spoke to us about his firm’s investment strategy and shared some of his small cap ideas. Listen towards the podcast interview with Jerome Hass:http://wpmedia.business.financialpost.com/2016/03/jerome-haas-lightwater-partners-ltd-162216-podcast1.mp3 James West is an investor and also the ...
Read More »Uber asks Toronto to emulate Edmonton’s new ride-sharing bylaw, one month after pulling out of Alberta city
TORONTO – Uber Technologies Inc. might have suspended its operations in Edmonton this month, but it is still calling on Toronto city council to emulate the Alberta capital when it votes on new ride-sharing regulations this spring. Edmonton had become the first city in Canada to legalize Uber when city council passed a vehicle-for-hire bylaw in January. The company applauded ...
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