Did the Ontario Securities Commission overplay its hand if this told everyone around you that it had garnered “the largest amount of investor compensation to date within an OSC no-contest”? Last week the OSC said it has reached a “no-contest settlement with CI Investments Inc.,” noting the “settlement involves approximately $156.A million being returned to harmed investors.” By any measure ...

Air Canada said its costs would fall this year when the Canadian dollar remained unchanged from 2015 levels, and announced plans to buy up to 75 CS300 aircraft from Bombardier Inc as part of an agenda to renew its fleet. A falling Canadian dollar continues to be weighing on Air Canada since the company makes major purchases such as fuel ...

TORONTO – The owner of Jack Astor’s and Canyon Creek restaurants will soon start serving eggs laid by hens not alone in cages. SIR Corp, who owns the 2 restaurant chains and many others, announced Thursday all 64 of its restaurants can make the shift by September. Related Canadian egg farmers to change over completely to more humane hen housing ...

QUEBEC CITY – Air Canada has decided to service as much as 75 passenger jets it’s buying from Bombardier Inc within the companies’ home province of Quebec for 20 years, officials said on Wednesday. Quebec will also drop a lawsuit it filed against Air Canada for not living up to a commitment to keep part of its aircraft maintenance operations ...

Air Canada’s decision to prevent providing capacity guidance was a shot over the bow at short-term investors, but the shrapnel is hitting long-term investors too. The airline’s stock fell for that second day in a row Thursday after it said it won’t release capacity forecasts as well as stop providing monthly operational data. The stock has now lost 15.9 per ...

Warren Buffett’s Berkshire Hathaway Inc. added an investment in Kinder Morgan Inc. during the fourth quarter, snapping up shares from the pipeline operator since it’s market price plunged. Shares in Kinder Morgan were up almost 10 % at US$17.16 in trading Wednesday. Berkshire held 26.5 million shares of the company as of Dec. 31, based on a regulatory filing Tuesday ...

Toyota Motor Corp. is recalling 2.87 million SUVs worldwide following a Transport Canada investigation found a defect that may result in the rear seatbelt being severed in a crash. The recall includes 150,000 RAV4s in Canada in the 2006 to 2012 model years. Transport Canada engineers discovered the defect once they reconstructed a fatal crash involving a 2011 RAV4 that ...

TORONTO – The CPP Investment Board along with a partner are jointly buying six seniors housing properties in Florida for US$555 million. The Toronto-based retirement fund manager will own 45 per cent of a new partnership which will buy the Aston Gardens properties, which have as many as 1,930 rental units in low-rise buildings in several communities throughout Florida. The ...