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Feb 19, 2015

Canada police lay charges against SNC-Lavalin, stock drops

TORONTO, Feb 19 (Reuters) – Canadian police laid corruption
charges against SNC-Lavalin Group Inc on Thursday, the
first time the engineering company has been directly charged
with alleged bribery as it conducted business in Libya over a
ten-year period until 2011.

Montreal-based SNC said it would plead not guilty and urged
that individuals, and not the company itself, be charged.

Feb 19, 2015

Barrick says focus on gold, no plans to boost copper position

TORONTO, Feb 19 (Reuters) – Barrick Gold said on
Thursday it is focused on gold mining and has no plans to boost
its copper operations.

“Our focus is gold. We have no plans to diversify into other
metals, and we have no plans to add to our existing copper
position,” Barrick Executive Chairman John Thornton told
investors on the company’s earnings conference call.

Feb 17, 2015

Weaker loonie no savior for ailing Canada auto sector, execs say

TORONTO, Feb 17 (Reuters) – A strong Canadian dollar has
wounded the country’s auto manufacturing sector over the last
decade, but the currency’s recent drop to a near six-year low is
unlikely to spur a rush of new investment, say senior industry
executives.

Canada has struggled in recent years to win new investment
from automakers, losing out to both the United States and
lower-cost Mexico. While some major automakers have announced
new investments in Canada in recent months, they are expected to
preserve jobs rather than significantly increase employment.

Feb 17, 2015

Canadian proxy firm Kingsdale readies U.S. launch, eyes acquisitions

TORONTO (Reuters) – Canadian proxy solicitation firm Kingsdale Shareholder Services will expand into the highly competitive U.S. market by opening a New York office next month and could bolster the move with acquisitions, its chief executive said on Tuesday.

Toronto-based Kingsdale, majority-owned by MDC Partners Inc, is also looking to launch in the United Kingdom and Australia in the next two years.

Feb 10, 2015

Canadian venture capital, private equity activity surges in 2014

TORONTO, Feb 10 (Reuters) – Deal-making activity in Canada’s
venture capital and private equity markets surged in 2014,
driven by a spate of deals in the burgeoning tech start-up
sector and large investments in oil and gas companies, data from
Thomson Reuters showed on Tuesday.

Private equity investments more than tripled from 2013
levels to C$32.2 billion ($25.62 billion) in 2014, while venture
capital funding rose 21 percent to C$2.36 billion.

Feb 10, 2015

Right-to-die ruling signals tough stance by top court

TORONTO/OTTAWA (Reuters) – A landmark decision to overturn a ban on physician-assisted suicide by Canada’s top court shows it could take a tough stance on federal government legislation, including security and citizenship bills, that challenge the boundaries of the country’s rights-based constitution.

Academics and lawyers said that even though right-leaning Prime Minister Stephen Harper has appointed 7 of its 9 justices since he became prime minister in 2006, the Supreme Court is proving to be a stern defender of the Canadian Charter of Rights and Freedoms that took force in 1982.

Feb 10, 2015

Right-to-die ruling signals tough stance by Canada’s top court

TORONTO/OTTAWA, Feb 10 (Reuters) – A landmark decision to
overturn a ban on physician-assisted suicide by Canada’s top
court shows it could take a tough stance on federal government
legislation, including security and citizenship bills, that
challenge the boundaries of the country’s rights-based
constitution.

Academics and lawyers said that even though right-leaning
Prime Minister Stephen Harper has appointed 7 of its 9 justices
since he became prime minister in 2006, the Supreme Court is
proving to be a stern defender of the Canadian Charter of Rights
and Freedoms that took force in 1982.

Feb 9, 2015

Tahoe Resources to buy Rio Alto Mining for $1.12 billion

TORONTO (Reuters) – Canadian gold miner Tahoe Resources Inc (THO.TO: Quote, Profile, Research) (TAHO.N: Quote, Profile, Research) said on Monday it has agreed to acquire smaller rival Rio Alto Mining (RIO.TO: Quote, Profile, Research) in a cash-and-share deal valued at C$1.4 billion ($1.12 billion), in a bid to expand its presence in Latin America.

The deal is the latest sign that precious metal miners, who went through an extended quiet phase amid a sharp decline in the price of bullion, are slowly coming to grips with new market realities and beginning to focus on long-term growth once again.

Jan 27, 2015

U.S. miner Cliffs seeks creditor protection in Canada

TORONTO, Jan 27 (Reuters) – Iron ore and coal miner Cliffs
Natural Resources has become the third major U.S.
company in the past six months to seek creditor protection for
its Canadian arm to try to isolate losses and protect
shareholders.

The miner said it had commenced restructuring proceedings in
Montreal on Tuesday. The move mirrors the route taken by U.S.
Steel, which sought creditor protection for its
money-losing Canadian operations in September, and by U.S.
discount retailer Target Corp, which announced this
month it was abandoning its Canadian expansion.

Jan 22, 2015

Canada Supreme Court ruling sets high bar for Competition Bureau

TORONTO, Jan 22 (Reuters) – A Canadian Supreme Court ruling
on Thursday about a tiny landfill deal in British Columbia is
set to make it a lot harder for Canada’s competition watchdog to
challenge potentially anti-competitive deals between companies,
lawyers said.

The ruling by Canada’s top court foiled the Competition
Bureau’s bid to unwind privately-held Tervita’s acquisition of a
hazardous waste disposal services company, that at the time of
the deal had just secured regulatory approval to open a waste
disposal facility in Northeastern British Columbia.

    • 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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