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 ...

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 ...

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 ...

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 ...

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 ...

WINDSOR – Be cautious what you boycott. The Condiment War: How ketchup was a rallying cry for Canadian nationalism Little did Heinz realize that two years after closing its Leamington, Ont. plant lingering anger would play right into both your hands of 1 of its biggest competitors. Read on The French’s-Heinz ketchup controversy, with Southwestern Ontario Ground Zero within the ...

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 ...

MONTREAL – Saputo Inc. says it will close three plants in Eastern and Atlantic Canada employing some 230 workers after next year in a proceed to spend less and boost efficiency. The Montreal-based dairy processor and cheese maker said its plant in Sydney, N.S., will close in June, followed by another in Princeville, Que., in August. A third facility in ...