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Welcome to Canada, where it seems the rules as practiced favour issuers, insiders and also the agents who service them. The rights of shareholders, another group necessary for capital formation, seem quite a distance on the list – and further down when minority shareholders would be the spotlight. The latest example of that process is being played out now. The ...

TORONTO – Danier Leather Inc.’s recent insolvency filing is only the latest reminder that Canada is a formidable market for its very own legacy retailers. How the rise of puffy parkas in Canada led to the downfall of Danier Leather Inc A balmy winter gave Danier Leather Inc. its final push towards initiating insolvency proceedings last week, but the rising ...

The federal Liberal government is projecting a deficit of at least $18.4 billion next year, nearly five times its $3.9-billion projection just 3 months ago, it was revealed today. That means the shortfall may exceed $20 billion when a number of big-ticket Liberal campaign promises are factored in. So that’s the third fiscal benchmark the Libs have blown through, following ...

HOUSTON ? The growing tensions between OPEC and non-OPEC producers came to the fore in a global energy conference here Monday.  OPEC producers fear any cuts in their output could be immediately replaced by nimble U.S. shale oil producers, leaving the group with lower oil revenues with little effect on prices, a panel discussion at the IHS Ceraweek event here heard. ...

Two market regulators happen to be urged to review whether enough information about Corus Entertainment Inc.’s proposed $2.65-billion acquisition of Shaw Media Inc. has been publicly disclosed to permit minority shareholders to create an informed decision. Shaw Communications to sell Global TV network, specialty channels to Corus Entertainment for $2.65 billion Should the deal be completed, Shaw will exit the ...

The Ontario Chamber of Commerce says the province’s businesses will require offset measures to help transition towards the new Ontario Retirement Pension Plan. The 60,000-member business lobby said inside a release Tuesday that the new ORPP increases costs for employers, even if existing offset measures are taken into account. Those measures include  a decrease in Employment Insurance (EI) and Workplace ...

OTTAWA – The us government has confirmed plans to provide $251.4 million to Alberta within program designed to help provinces hit by sudden revenue downturns. Alberta has been sideswiped by collapsing oil prices and also the little-known fiscal stabilization program provides help when provincial revenues fall by a lot more than five percent from one year to another. Money in ...

OTTAWA – As debut performances go, Finance Minister Bill Morneau managed to stick close to the Liberal script on the requirement for deficit-fuelled stimulus spending, and avoided any major policy pratfalls, in his first appearance before Canadian lawmakers. Bill Morneau names Dominic Barton, head of McKinsey & Co., to government’s economic advisory council Dominic Barton, the brand new head from ...