CALGARY – Enbridge Inc. says it raised $2.3 billion in the latest stock offering since it’s syndicate of underwriters fully exercised their option to buy additional shares within the pipeline operator. The Calgary-based company had initially planned to raise $2 billion, but the underwriters – including Canada’s five biggest banks – bought one more 7.4 million shares. The underwriters paid ...

A former adviser at RBC Dominion Securities Inc. and Scotia Capital Inc. is purported to have “impersonated his clients” in a firm he soon started after settling disciplinary actions regarding the his work at  the 2 major banks. The Ontario Securities Commission says Mark Steven Rotstein and the new firm Equilibrium Partners Inc. (EQ) obtained personal and company information from clients, ...

Rocky stock markets and cratering oil prices shook up Forbes’ listing of the world’s wealthiest this year, using the first decline in billionaires since 2009. The 30th annual guide found 1,810 billionaires, by having an aggregate value of $6.48 trillion, $570 billion under this past year. All together 221 people fell off the list, while 198 newcomers joined the ranks. ...

Bank of Quebec was upgraded and Royal Bank of Canada was hit having a downgrade, following a latest round of earnings in the Canadian banking sector. Mario Mendonca at TD Securities raised his rating on Scotiabank to buy from hold after its first quarter earnings arrived slightly above expectations. The analyst noted that the bank reported higher energy-related credit losses, ...

Florence Swanson has lived through every American car in the Ford Model T to the Tesla Model S. Now, at 94, she’s entered into what Google hopes would be the automotive future: self-driving vehicles. The coming chronilogical age of self-driving cars: What’s going to auto insurers do when there aren’t any drivers left to insure? Accident-prevention systems, already in position ...

OTTAWA – An analysis by certainly one of Canada’s biggest banks says the us government is on track to operate $150 billion in budgetary deficits within the next five years. How reckless, excessive borrowing became Canada's national pastime Philip Cross: Total borrowing in Canada across all categories increased by $77.9 billion last year, a lot more than the $71.6 billion ...

Money manager AGF Management Ltd. has achieved the first close on its infrastructure fund, a task it launched about 1 . 5 years back as a way of diversifying an investment opportunities open to its institutional and retail clients. After the markets closed on Wednesday AGF and InstarAGF Asset Management Inc., the entity which will manage the investments, announced they ...

Rumblings from Enbridge’s $2 billion equity financing – an offer that’s expected to be upsized by 15 per cent which closes Tuesday – continue. One rumbling concerns the way in which the stock was allocated. With a cast of 17 firms, four more dealers were involved this time around compared with the company’s previous equity offering, a $460 million issue ...