TORONTO ? Lowe’s Cos. is in a powerful position in Canada even before the house improvement giant closes its pending $3.2 billion acquisition of Rona Inc. The North Carolina-based retailer, which announced a friendly takeover from the Quebec-based hardware chain earlier this month, posted its third consecutive year of double-digit Canadian same-store sales growth on Wednesday. For the fourth quarter ...

Fifteen months ago, the Ecofiscal Commission was launched, with some of Canada’s most renowned self-appointed commissioners which makes it their goal to reduce carbon emissions by developing a more effective tax system. By either of those two criteria, the project might be rechristened the EcoFailure Commission, since it has not made any progress on either. How can I refer to ...

It took awhile, however in the end common sense won out: TSX-Venture listed Pivot Technology Solutions and the Founder Group aren’t proceeding using their heavily criticized proposed plan of arrangement. In that plan, shareholders other than the Founder Group were being offered higher yielding preferred securities in exchange for their common shares. No cash was offered. Plans required the non-public ...

Regulators have ordered two men in the centre of a high-profile insider trading case to “cease dealing with the general public immediately.” The Investment Industry Regulatory Organization of Canada (IIROC) convened an expedited hearing Jan. 28 to do this against Paul Azeff and Korin Bobrow, who was simply working in a brokerage in Quebec. IIROC, which registers and monitors dealers ...

TORONTO ? PC Decadent chocolate chip cookies and other popular Loblaw food brands are having a sweet impact on Shoppers Drug Mart’s performance. Canada’s biggest pharmacy retailer sold greater than a quarter of a billion dollars of Loblaw’s house-branded President’s Choice with no Name merchandise in the stores across Canada this past year, Loblaw Cos. executives told a fourth quarter ...

Valeant Pharmaceuticals International Inc. Ceo Mike Pearson’s health is improving, a business spokeswoman said Thursday, although he remains on medical leave. Former Chief Financial Officer Howard Schiller is still acting as interim CEO, said Laurie Little, the spokeswoman. Pearson was hospitalized at the end of December with severe pneumonia. At that time, he was trying to regain investors’ trust after ...

TORONTO – The planned development of Northern Ontario’s “Ring of Fire” mineral belt got a potential boost on Wednesday when an appeals court ruled that the small junior mining firm should not have exclusive access to a transportation corridor. The decision opens the door to construction of the north-south road to the Ring, which is thought to contain about $60 ...

Shopping mall owner Rouse Properties Inc. has applied for an agreement to become bought by a joint venture partner of Brookfield Asset Management Inc. within an all-cash deal worth $2.8 billion, including debt. Brookfield will acquire all the outstanding shares of Rouse’s common stock at $18.25 per share, New York-based Rouse said in a statement today. The purchase price represents ...