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Nov 6, 2015

BlackBerry Priv wins plaudits, but price tag questioned

TORONTO, Nov 6 (Reuters) – BlackBerry Ltd
launched its first Android-based device on Friday, with the
future of the company’s hardware business riding on a slick
smartphone called Priv that boasts an impressive array of
features and a hefty price tag.

The company is betting the Priv’s large curved screen, full
array of Android apps from the Google Play store and blend of
productivity and security features will help it rebuild its
share of the smartphone market, which has slid to under one
percent.

Nov 6, 2015

Exclusive: First Quantum hires Jefferies to sell nickel assets – sources

TORONTO/LONDON (Reuters) – First Quantum Minerals has retained Jefferies to explore a sale of its two nickel mines as the Canadian base metal miner looks to trim debt levels and double down on its bets in copper, three sources familiar with the matter said

The sources, who declined to be named as details of the plan are not public, said the move to sell the assets would help the company achieve its goal of reducing its debt levels by over $1 billion.

Nov 4, 2015

Aequitas, TMX rivalry set to heat up over fund trading platforms -sources

TORONTO, Nov 4 (Reuters) – The rivalry between Canada’s TMX
Group Ltd and smaller rival Aequitas Innovations Inc is
set to intensify as the two exchange operators race to create
platforms for the buying and selling of some actively managed
funds.

Two sources with knowledge of the plans, who asked not to be
named as details are not yet public, said Aequitas is aiming to
launch a platform that will be operational in the first quarter
of 2016.

Nov 4, 2015

Aequitas, TMX rivalry set to heat up over fund trading platforms -sources

TORONTO, Nov 4 (Reuters) – The rivalry between Canada’s TMX
Group Ltd and smaller rival Aequitas Innovations Inc is
set to intensify as the two exchange operators race to create
platforms for the buying and selling of some actively managed
funds.

Two sources with knowledge of the plans, who asked not to be
named as details are not yet public, said Aequitas is aiming to
launch a platform that will be operational in the first quarter
of 2016.

Nov 3, 2015

Bombardier sees new Global business jets in service by 2018

Toronto (Reuters) – Bombardier Inc‎ is confident its all new Global 7000 business jet will meet the target for entering service in the second half of 2018, the head of its business aircraft unit, David Coleal, said on Tuesday.

The company, which provided an update on the business jet program at its facilities in Toronto, said despite obstacles it has faced, demand for the new jet is strong.

Nov 3, 2015

Canada’s Hydro One drew buying interest from pension funds: Ontario minister

TORONTO (Reuters) – Canada’s Hydro One [HYDRO.UL] drew buying interest from some pension funds that covet such assets, but an initial public offering of the electricity distributor was always the government’s preferred option, Ontario’s finance minister said on Monday.

The IPO, which is expected to close later this week, is set to raise up to C$1.83 billion ($1.4 billion) for Canada’s most populous province, which is only selling a roughly 15 percent stake in the utility.

Nov 2, 2015

Quebec sees no trade dispute risk around Bombardier investment

TORONTO, Nov 2 (Reuters) – Quebec is sure that its $1
billion lifeline for Bombardier Inc will not result in
any trade disputes triggered by concerns from the train and
plane maker’s rivals, the Canadian province’s finance minister
said on Monday.

“We have structured this as a separate company and a limited
partnership between the government and Bombardier,” said Quebec
Finance Minister Carlos Leitão, while speaking with media on the
sidelines of the P3 2015 investment conference in Toronto.

Nov 2, 2015

Hydro One IPO almost did not happen: Ontario minister

TORONTO (Reuters) – The initial public offering of Hydro One [HYDRO.UL] almost never happened because of strong interest from Canadian pension funds in buying out the entire government-owned electricity distributor, Ontario’s finance minister said on Monday.

The IPO, which is expected to close later this week, is set to raise up to C$1.83 billion ($1.4 billion) for Canada’s most populous province, which is only selling a roughly 15 percent stake in the utility.

Oct 30, 2015

Canadian Natural in talks over royalty land sale -sources

TORONTO, Oct 30 (Reuters) – Canadian Natural Resources
has held discussions with some pension plans and
strategic buyers over options for royalty assets it has been
looking to spin off, according to three sources familiar with
the situation.

The company, which had said in May it intended to sell the
assets this year, has engaged with the Canada Pension Plan
Investment Board, Ontario Teachers’ Pension Plan and PrairieSky
Royalty, said the sources, who spoke on condition of
anonymity as the talks are not public.

Oct 29, 2015

Canada’s Hydro One IPO prices near high end of range

TORONTO, Oct 29 (Reuters) – Ontario electric utility Hydro
One’s initial public offering priced at C$20.50 per
share on Thursday, raising C$1.66 billion ($1.26 billion) and
marking one of the biggest IPOs in Canadian history.

The pricing suggested demand was high for a roughly 15
percent stake in the province’s largest electric utility.

    • About Euan

      "Euan Rocha covers mining and minerals in Canada, where he focuses on gold, base metals and fertilizer companies. Euan, who is currently based in Toronto, has previously worked with Reuters in the United States and India. While based in New York for four years, Euan headed the Reuters Alerts team, before moving on to cover the U.S. chemical industry. Euan began his career with Reuters in Bangalore, India in 2004."
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