TORONTO — Ontario’s newly privatized Hydro One electric utility includes a $373-million deal to buy Great Lakes Power Transmission, which operates north and east of Sault Ste. Marie, Ont. Hydro One says it’ll acquire Great Lakes Transmission from various entities controlled by Brookfield Infrastructure, that is a part of a Toronto-based asset management group. Related Hydro One’s ‘showcase’ IPO offered ...

More economists are weighing in on negative interest rates in Canada following the Bank of Japan had become the latest central bank to adopt the experimental monetary policy a week ago. The Bank of Canada has said that it doesn’t have plans to adopt such rates here in the near-term, but has discussed the insurance policy oral appliance has studied ...

Royal Bank of Canada hired BNP Paribas SA’s Raffaele Prencipe as head of financials trading because of its capital- markets operations in London. Prencipe, 30, will concentrate on building RBC Capital Markets’ financials trading offerings as the firm develops its European credit business, the Toronto-based lender said Monday in an internal memo. Prencipe, who spent six years like a credit flow ...

People purchase newspaper subscriptions, mobile phone service, and gym memberships on the monthly basis-why not flights? A startup called OneGo is ready to apply that model towards the skies, hoping to attract business travelers with a few measure of financial predictability – and savings – within the often chaotic world of airfare prices. Don’t let the low loonie clip your ...

When you mix an inside bid with complexity there’s a reasonable chance the deal benefits one party in the cost of others. When, within the same proposed transaction, you get change of control using a “business combination” but no exchange of money, then more alarm bells go off. That’s the state of affairs at San-Diego based, TSC-Venture listed Pivot Technology ...

Canada’s biggest banks are relying more heavily on wholesale funding than their global peers, a scenario that tends to raise the risk of periodic difficulties in refinancing debt, according to Moody’s Investors Service. However, the ratings agency says the large Canadian banking institutions offset these risks C which can also raise the risk of failure C through their funding mix ...

HAVANA – Bacardi this week sought U.S. records to explain the U.S. government’s decision to strip the spirits company of their right to the Havana Club brand name and hand it to a Cuban state company partnered with a global rival. Bacardi’s Freedom of Information Act request may be the latest step in an extended battle with the Cuban government ...

I have a proposition for you personally. Let me borrow $100. How much are you prepared to pay me for the privilege? I know, I understand. The custom has long been that when I borrow money from you, I pay out interest. However in the upside-down, inside-out new world of “negative rates of interest,” which to date went farthest in ...