If you think commodity producers are from the woods as markets rally, here’s a real possibility check: many are still grappling to contain debt. Five reasons this commodities rebound is perfect for real Martin Pelletier says five key factors makes this feel diverse from the dead-cat bounces of history and that could mean there is a bright light after what’s ...
Read More »A new gold standard: BitGold offers a fresh way to buy and sell the yellow metal
The last decade is a tough time to be a saver, but the new phenomenon of negative rates of interest combined with recent resurgence in the price of gold causes savers to appear again to gold like a savings vehicle capable of preserving purchasing power. All which helps make the timing of the recent launch of BitGold, a new digital ...
Read More »Potential short squeeze at Mainstreet Equity as issuer bid meets large short position
Good luck being short a thinly-traded, fairly-tightly-held stock at the same time as the issuer is starting your substantial issuer bid. But this is the state of affairs at Mainstreet Equity Corp., which “could be set up for a short squeeze,” according to one market participant. Mainstreet promises to purchase as much as 1.2 million of their shares at $36 a ...
Read More »Corus Entertainment Inc shareholders approve $2.65 billion deal to buy Shaw Media Inc
Despite vigorous opposition from a dissenting shareholder, Corus Entertainment Inc. class B shareholders on Wednesday voted 78.52 percent to proceed with a $2.65-billion acquisition of Shaw Media Inc. from Shaw Communications Inc. The proposed transaction, that was announced Jan. 13, remains susceptible to approval by Canada’s broadcasting regulator. Corus has previously said hello wishes to close the offer in the ...
Read More »Alimentation Couche-Tard’s $1.6-billion deal to buy 279 Esso gas stations is heavy on the Timbits
TORONTO – Alimentation Couche-Tard Inc. waited for more than three years to get the Ontario and Quebec retail assets of Calgary-based gas and oil company Imperial Oil Ltd. Couche-Tard leader Brian Hannasch known as the acquisition of 279 Esso brand gasoline stations for $1.6-billion a “transformative” cope with an attractive link-up to the Tim Hortons brand, one which provides a ...
Read More »Petronas believes final decision on Pacific NorthWest LNG project close, but denies deadline
The leader from the Petronas-led North american LNG project said he expects a virtually three-year environmental review tactic to ended March 22 and a “timely” cabinet decision right after. But within an interview from Kuala Lumpur, where Petronas is based, Michael Culbert, the project’s president, denied proponents have given Ottawa a March 31 ultimatum for a decision on where it ...
Read More »Volkswagen AG says its top U.S. executive is stepping down immediately
Volkswagen AG said on Wednesday its top U.S. executive is stepping down nearly six months after the German automaker admitted to installing software to allow 580,000 diesel U.S. vehicles to emit excess emissions. Michael Horn, that has been president and ceo of Volkswagen of the usa since 2014, is leaving “to pursue other opportunities effective immediately,” the organization said. The ...
Read More »Canadian banking complaints on the rise, says ombudsman
Complaints against banks are on the rise, according to the financial services industry’s ombudsman. Overall complaint volumes remained stable, but banking-related complaints increased, based on the Ombudsman for Banking Services and Investments (OBSI), which released its annual report for 2015 on Wednesday. The Ombudsman opened 273 banking cases last year, up 21 per cent in the year before. The increase ...
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