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In two months the recently published amendments towards the country’s take-over bid regime will require effect. For some observers the important thing changes C the 105-day minimum deposit period, the minimum target condition and the mandatory 10-day extension – strike a balance between your 120-day original proposal and comments received by the regulators. A recent report prepared by Stikeman Elliott said ...

CSX Corp. jumped as much as 8 percent following the close of trading in New York, following a are convinced that Canadian Pacific Railway Ltd. approached the U.S. railroad about a takeover in January and was rebuffed. Shares rose to US$25.60 in the latest trade at 6:22 p.m. in New York after climbing as high as US$26.60, up in the ...

Canada’s big banks wrapped up the very first quarter of the fiscal year with increased profits and widely expected dividend hikes. However the early impact of the oil rut was evident, with an increase of provisioning and reports of accelerating charge card and loan delinquencies within the hardest hit provinces, primarily in Western Canada. Scotiabank hikes dividend as profit rises, ...

MONTREAL – Imperial Tobacco has launched a legitimate challenge of song of Quebec’s tobacco-control law and it is asking the court to strike them recorded on constitutional grounds. The company has filed an application for judicial review with Quebec Superior Court, saying various elements of the legislation are punitive. In its court action, dated last Friday, Imperial argues a section ...

Enbrige Inc.’s $2.3 billion equity offering has been viewed as a sensible move during challenging times for many energy-related companies. The company also reduced its dividend growth forecast to Ten to twelve per cent between 2015 and 2019, from 14 to 16 per cent previously, an expression of their more cautious outlook. Calling the offering a “key catalyst,” J.P. Morgan ...

VANCOUVER – The premiers of Canada’s two most populous provinces have joined forces to push for federal help for Bombardier’s CSeries aircraft. Quebec Premier Philippe Couillard drew support from his Ontario counterpart in calling for Ottawa to back the airliner, saying the CSeries is important towards the Canadian economy. The province wants the federal government to join it in contributing ...

It’s always been common practice for Americans to head north for bargains whenever the Canadian dollar falls meaningfully underneath the greenback. Throughout the current slump, they’re doing so from the comfort of their houses by shopping online from small-time Canadian merchants. The Canadian dollar – the loonie – has fallen about 18 per cent against its U.S. counterpart over the ...

WASHINGTON – U.S. economic activity continued to expand in many districts from early January to late February but conditions varied considerably across regions and within sectors, the Federal Reserve said on Wednesday. The decidedly mixed picture illustrates the headache Fed policymakers face once they next meet to determine the path of great interest rates on March 15-16. Consumer spending increased ...