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Vancouver-based PI Financial Corp. has become among the consolidators from the domestic brokerage business having a three-way deal announced Monday. PI has applied for a definitive agreement to acquire the retail clients of two Western Canadian firms, Wolverton Securities and Global Securities Corp. The two deals, announced at the same time, are scheduled to close at different times, in part ...

For the time being, a minimum of, the problem will stay something of a mystery. We are referring to the still high short-interest position in Enbridge, a few weeks after it closed a $2.3-billion equity offering after a period of substantial stock price gains. According to information released Friday by the TMX, rapid position in Enbridge as of March 15 ...

I pulled in to the filling station somewhat reluctantly. It was packed with a parade of cars, SUVs and pickups, each jockeying for their use nourish their internal combustion engines having a tank of gasoline. I do not like waiting. However i did, after the ordeal I went into the station to purchase coffee. “What’s going on out there,” Gurus ...

Suncor Energy Inc.’s closure of their $6.6 billion Canadian Oil Sands Ltd. purchase Monday and TransCanada Corp.’s US$13.3 billion proposed acquisition of Columbia Pipeline Group indicate a recovery in M&A deals, using the segment enjoying its best year-to-date performance since 2009, according to data. “You possess a little more upward momentum in oil prices and the fire is burning a ...

OTTAWA – 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 as it plows many billions of dollars into new programs – many of them promised, a few not – along with multi-year infrastructure projects that have yet to be decided. After eking out a ...

Usually when companies come forth with a brand new and improved formula, they want the general public to know. However when the item under consideration is an iconic food product, the calculus gets tougher. Every marketer remembers having a shudder the cautionary tale of New Coke. The Condiment Wars: The way a misstep by Heinz laid the path for French’s ...

TORONTO – Rubicon Minerals Corp. is at risk of collapse after breaching a debt covenant and halting its high-profile Ontario gold project because of technical problems. The junior miner announced Tuesday that there’s “significant doubt” it may continue like a going concern because of its debt, and could need to seek creditor protection. To stay onside using the terms of ...

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 ...