Cameron's Feed
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.

Feb 26, 2014

Royal Bank of Canada raises dividend as profit edges higher

TORONTO, Feb 26 (Reuters) – Royal Bank of Canada
reported a higher quarterly profit on Wednesday and raised its
dividend by 6 percent after surging capital markets income more
than offset charges from a restructuring of Caribbean
operations.

Canada’s largest bank earned C$2.09 billion ($1.89 billion),
or C$1.38 a share, in the first quarter ended Jan. 31, up from
C$2.05 billion, or C$1.34 a share, a year earlier.

Feb 25, 2014

BMO profit tops estimates on wealth, domestic loans

TORONTO, Feb 25 (Reuters) – Bank of Montreal
reported higher-than-expected quarterly earnings on Tuesday
after a strong performance in its wealth management business and
growth in domestic banking profits in spite of worries about a
slowing housing market.

Shares of Canada’s No. 4 bank rose modestly, outperforming
most of its peers as investors looked past year-on-year profit
declines in BMO’s closely watched U.S. retail bank.

Feb 21, 2014

Canadians exhale as country tops U.S. in men’s hockey semifinal

TORONTO (Reuters) – There may not have been an Olympic medal on the line, but Canadians celebrated Friday’s semifinal hockey win versus the United States as if the weight of the world were off their backs.

One day after the Canadian women’s hockey team stormed back from a 2-0 deficit versus its U.S. rival to win Olympic gold, Canada beat the men’s team 1-0 in front of a packed Bolshoy Ice Dome, shutting out a team that had scored 20 goals in its first four games in the Olympic tournament.