Cameron's Feed
Apr 11, 2014

Ontario eyes potential sale of some government assets, GM stake

TORONTO (Reuters) – The Ontario government said on Friday it plans to sell its stake in General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) over the next year or so and will consider other options to raise funds, including the sale of real estate and government-owned assets.

The announcement, unveiled by Finance Minister Charles Sousa at a Toronto business luncheon, comes as Ontario’s minority Liberal government prepares to unveil a budget that could throw the Canadian province into a summer election.

Apr 11, 2014

Ontario eyes potential sale of some gov’t assets, GM stake

TORONTO, April 11 (Reuters) – The Ontario government said on
Friday it plans to sell its stake in General Motors Co
over the next year or so and will consider other options to
raise funds, including the sale of real estate and
government-owned assets.

The announcement, unveiled by Finance Minister Charles Sousa
at a Toronto business luncheon, comes as Ontario’s minority
Liberal government prepares to unveil a budget that could throw
the Canadian province into a summer election.

Apr 10, 2014

Canada Finance Minister Flaherty ruffled feathers, tackled crisis

OTTAWA/TORONTO (Reuters) – Jim Flaherty, who died on Thursday less than a month after stepping down from his post as Canada’s finance minister, was a straight talker who shepherded the country’s economy through a global financial crisis, and quit shortly after laying out a plan to reach his goal of balancing the government’s budget.

Flaherty, 64, died peacefully in Ottawa, his family said in a statement.

He had been suffering from a rare skin disease when he resigned on March 18, but he denied at the time his decision had anything to do with his health.

Apr 9, 2014

Fairfax’s Watsa says BlackBerry a good long-term investment

TORONTO (Reuters) – Struggling smartphone maker BlackBerry Ltd is a good long-term investment that is being unfairly punished by the stock market, the chief executive of the company’s top shareholder said on Wednesday.

“We think over time BlackBerry is going to do well,” Prem Watsa, CEO of Canada’s Fairfax Financial Holdings, which holds about 10 percent of BlackBerry’s shares, said at Fairfax’s annual general meeting in Toronto.

Apr 3, 2014

Scotiabank leads in quarterly Canadian M&A as resources rebound

TORONTO, April 3 (Reuters) – Bank of Nova Scotia
led investment banks in advising on mergers and acquisitions in
Canada and finished second in equity issues in a first quarter
that brought a rebound in overall activity in both categories
after a weaker 2013.

Driven by brisker activity in the energy and mining sectors,
the total value of M&A deals in the quarter rose by 20 percent
to US$35.7 billion from the first quarter of 2013, according to
data released by Thomson Reuters on Thursday.

Mar 27, 2014

Canada regulator seeks wiretap powers for insider-trading cases

TORONTO, March 27 (Reuters) – Canada’s largest capital
markets regulator is pushing for an amendment to the country’s
Criminal Code that would allow investigators to use wiretaps to
investigate insider trading.

Such a step would give Canadian investigators a tool that
their U.S. counterparts already have, and one that Ontario
Securities Commission (OSC) Chairman Howard Wetston said on
Thursday is needed to successfully prosecute a crime where
proving intent is key.

Mar 25, 2014

TMX to move into private market in race with rival Aequitas

TORONTO, March 25 (Reuters) – TMX Group Ltd, the
operator of the Toronto Stock Exchange and the TSX Venture
Exchange, said on Tuesday it plans to launch a new business to
allow capital raising and the trading of securities of privately
owned entities.

The move to launch the business appears to be a pre-emptive
gambit to thwart the threat posed by privately-held Aequitas
Innovations Inc, which is in the process of seeking regulatory
approval in order to launch a new Canadian stock exchange.

Mar 4, 2014

Scotiabank raises dividend, still seeks growth abroad

TORONTO, March 4 (Reuters) – Bank of Nova Scotia
capped off Canada’s bank earnings period with a higher quarterly
profit and a dividend increase on the back of strong domestic
lending volumes and wealth management income, but its
international retail operations posted softer results.

Still, Scotiabank Chief Executive Officer Brian Porter said
the bank planned to keep looking for international acquisitions,
particularly in its wealth management and insurance business.

Feb 27, 2014

TD, CIBC post profit gains and hike dividends

TORONTO, Feb 27 (Reuters) – Toronto-Dominion Bank
and Canadian Imperial Bank of Commerce both posted
better-than-expected quarterly profits and raised their
dividends on Thursday, benefiting from recent acquisitions and
strong wholesale banking income.

The results, which pushed shares of both lenders higher,
built on generally stronger-than-expected results from rivals
Royal Bank of Canada, Bank of Montreal and
National Bank of Canada earlier this week.

Feb 27, 2014

TD Bank Q1 profit rises on wholesale unit; boosts dividend

TORONTO, Feb 27 (Reuters) – Toronto-Dominion Bank
said on Thursday its first-quarter profit rose 15 percent on the
back of stronger wholesale banking and U.S. retail banking
income, and the lender boosted its dividend by a robust 9
percent.

However, the bank’s chief financial officer told Reuters the
dividend increase might be the only one for TD in 2014, which
would break its past cycle of one increase every second quarter.