TORONTO – There’s one group of customers that do not seem everything bothered by a series of outbreaks at Chipotle Mexican Grill: teenagers and college-aged youth. How Chipotle is evolving its cooking methods after a devastating E. coli outbreak After an E. coli outbreak that sickened more than 50 people, Chipotle is tweaking its cooking methods.Continue reading. That could signal a ...
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Pension funds hope for better deal in de-risking marketplace
A pension risk exchange – a web-based marketplace that aims to bring those defined benefit pension plans looking to purchase de-risking annuities with those that provide such products C is here in Canada. This week saw the unveiling of the Mercer Pension Risk Exchange, which has the modest objective of “revolutionizing the majority annuity market for defined benefit pensions.” The ...
Read More »Shareholders increase pressure on Pivot Technology to pull deal
The board of Pivot Technology Solutions, a California-based TSX Venture listed company that recently agreed to a share exchange whereby several insiders would acquire control without having to pay any cash, have now been put on notice by certainly one of its large public shareholders. A few days back when Pivot announced its support for a deal whereby shareholders (apart ...
Read More »It’s time for Alberta to play hardball, oilpatch execs say before Trudeau meeting today
Prime Minister Justin Trudeau is in Alberta now to take stock of the devastation wrought through the collapse in oil prices. Trudeau’s rebranding of Canada offers sunshine to Davos, but it’s cold comfort for battered oilpatch Like it or otherwise, he will also get an earful within the spate of anti-energy moves produced by his government that can make a ...
Read More »Canadian pension funds pull back on infrastructure deals as prices climb beyond reason
TORONTO – Canada’s biggest pension funds say they are walking away from increasingly more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too much. Canadian pensions facing down fierce competition to pursue global growth strategy Hong Kong-based executives in the Canada Pension Plan Investment Board first introduced themselves to officials at Postal Savings Bank of ...
Read More »Chesapeake Energy Corp rebounds after bankruptcy fears wipe off half its value
Chesapeake Energy Corp. said it doesn’t have plans to seek bankruptcy protection, dismissing a report that destroyed half the U.S. gas driller’s value. Kirkland & Ellis LLP has served as one of Chesapeake’s counsel since 2010 and continues to advise the company because it seeks to further strengthen its balance sheet following its recent debt exchange, Chesapeake said in a ...
Read More »Interest rate shouldn’t be seen as main tool to shore up financial stability: Bank of Canada
OTTAWA – Rates of interest shouldn’t be the only real tool to promote financial stability, said the financial institution of Canada’s Timothy Lane, amid worries of highly indebted consumers and frothy housing markets in Toronto and Vancouver. Lane, deputy governor from the Bank of Canada, designed a speech in Montreal Monday concentrating on monetary policy’s effects on financial stability. The ...
Read More »Suncor Energy wins 73% Canadian Oil Sands shares, declaring takeover a done deal
CALGARY – Suncor Energy has announced that just about 73 per cent of Canadian Oil Sands shares and accompanying rights have been tendered to Suncor’s offer. Suncor officials asserted consequently, the organization will be able to make sure that a subsequent acquisition transaction will be completed and Suncor (TSX:SU) will acquire the remainder of the outstanding COS shares. In mid-January, ...
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