The nomination of 59-year-old Maureen Jensen as the new head from the Ontario Securities Commission is viewed as a palatable choice because the province is constantly on the push for the establishment of the national regulatory body. If approved, the present OSC executive director will be appointed to a two-year term as the capital markets watchdog’s chair and leader – ...

TORONTO – Barrick Gold Corp. shares were lower in pre-market trading, following its advance notice of a US$3-billion asset writedown. Barrick (TSX:ABX) says it will likely be recording the value of its stalled Pascua-Lama mining project on the border of Chile and Argentina and its Pueblo Viejo gold operation in Dominican Republic with a total of between US$1 billion and ...

Everybody who’s nobody is rejecting Alberta’s pipelines these days. Nobody who has any official capacity to do so, anyway. But get enough of those nobodies together, plus they may have a powerful effect that can sure get somebody’s attention. The latest is Montreal’s mayor Denis Coderre, former Liberal cabinet minister under Jean Chrtien, who together with mayors from Laval and ...

TORONTO – A lot more than 87,000 child booster child car seats sold at Canadian Tire stores are now being recalled simply because they neglect to meet safety regulations. The retailer says four types of booster seats made by Transtek Trading Co. Ltd. and sold under the brand names Kukuxumusu and Apramo are being recalled. The Kukuxumusu units possess a ...

LONDON — German sportswear company Adidas AG would be to end its sponsorship cope with the International Association of Athletics Federations (IAAF) almost 4 years early due to the scandal surrounding the sport, the BBC reported on Sunday. The BBC said Adidas, whose 11-year deal managed to get the biggest sponsor of athletics’ governing body, decided against continuing using the ...

Thanks to its latest issue, the quantity of green bonds issued by the federal government of Ontario has risen to $1.25 billion. Last Friday, Ontario priced its second issue. The province is placed to boost $750 million in a coupon of 1.95 per cent. (Because the bonds were issued at a slight discount to par, the yield becomes a tad ...

OTTAWA – The us government has confirmed it promises to sign the controversial Trans-Pacific Partnership trade deal in a meeting in a few days in New Zealand. But when it comes to ratification from the 12-country treaty, the Liberals continue to be perched squarely atop a fence. “Just because it is too early to endorse the TPP, it is also ...

It took about a year of discussions and negotiations; it was incredibly innovative and thought as the first available in Canada. But if this was throughout two Canadian pension funds – whose names have not been disclosed – paid Sun Life Assurance Company of Canada a combined one-time premium of $530 million and transferred so-called investment, longevity and inflation risk ...