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Feb 20, 2014

BlackBerry shares surge after Facebook bid for WhatsApp

TORONTO (Reuters) – Facebook Inc’s stunning $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd surging after the closing bell on Wednesday, as investors were cheered by the lofty valuation for the messaging platform.

The deal sent shares in BlackBerry up as much as 9 percent in trading after the bell because it put a rough valuation metric around the smartphone maker’s own BlackBerry Messaging service.

Feb 18, 2014

Canada to reveal wireless spectrum auction results on Wednesday

TORONTO, Feb 18 (Reuters) – The Canadian government
confirmed on Tuesday that it has completed an auction of prized
wireless spectrum and will reveal those results on Wednesday.

The 700 megahertz spectrum, which is valued for its ability
to carry a signal over long distances and to penetrate
buildings, will be used by Canada’s big wireless companies and
some smaller ones to build more powerful mobile networks.

Feb 18, 2014

Canada wireless auction is over; results expected in days -sources

TORONTO, Feb 18 (Reuters) – The Canadian government has
completed an auction of prized wireless spectrum and is poised
to reveal the results within days, several sources with
knowledge of the process said on Tuesday.

The 700 megahertz spectrum, which is valued for its ability
to carry a signal over long distances and to penetrate
buildings, will be used by Canada’s big wireless companies and
some smaller ones to build more powerful networks.

Feb 14, 2014

Labrador Iron says needs new funding to continue mining

TORONTO, Feb 14 (Reuters) – Canada’s Labrador Iron Mines
Holdings (LIM) warned on Friday it needs new investment
to continue mining operations in 2014, underscoring the
challenges facing some of the small and established iron ore
miners in Canada and overseas.

The warning, which sent LIM shares sharply lower, came days
after a Reuters poll indicated that iron ore prices were set to
test five-year lows this year after hitting a six-month trough
in January, on rising global supply and slower growth in Chinese
steel output.

Feb 13, 2014

Goldcorp reports loss on impairment, tax-related charges

TORONTO, Feb 13 (Reuters) – Goldcorp Inc reported a
quarterly loss of $1.1 billion on a slew of one-time charges,
but better-than-expected production costs and a rising gold
price pushed the miner’s stock higher on Thursday.

Vancouver, British Columbia-based Goldcorp said a number of
tax and impairment charges hurt results, along with reclamation
and closure costs at its inactive mine sites.

Feb 12, 2014

Canada Bread rises on news Grupo Bimbo to buy it for $1.7 bln

TORONTO/WINNIPEG, Manitoba, Feb 12 (Reuters) – Mexico’s
Grupo Bimbo will buy Canada Bread Company
for C$1.83 billion ($1.66 billion) in cash, Canada Bread said on
Wednesday, allowing the Canadian company’s parent Maple Leaf
Foods to focus on its meat business.

Grupo Bimbo, one of the world’s largest bread makers, will
pay C$72 for each share of Canada Bread, a 7 percent premium to
the Canadian company’s closing price on the Toronto Stock
Exchange on Tuesday.

Feb 10, 2014

HudBay eyes Arizona copper deposit with Augusta offer

TORONTO, Feb 10 (Reuters) – Canadian base metal miner HudBay
Minerals Inc said it plans to buy exploration company
Augusta Resource Corp in a bid to gain control of its
Rosemont project in Arizona, an asset widely viewed as one of
the most promising copper projects in the United States.

The strategically timed bid, announced late Sunday, comes
just weeks before Augusta is expected to receive final approvals
that would allow it to begin development and construction work
on the asset that could account for as much as 10 percent of
U.S. copper output, making Rosemont the third largest copper
mine in the country.

Feb 6, 2014

Big law firms pick off lawyers from Heenan Blaikie’s ranks

Feb 6 (Reuters) – Two of the world’s largest law firms are
picking off lawyers from Canada’s Heenan Blaikie, which moved to
wind down operations on Wednesday in the biggest collapse of a
law firm in the country’s history.

DLA Piper, the world’s largest law firm, is in talks to
recruit a group of 55 to 70 lawyers from the firm’s Toronto and
Calgary offices, while Dentons, which ranks as the world’s
seventh largest firm, has hired five real estate lawyers and
three corporate lawyers in Toronto and Montreal.

Feb 5, 2014

Canada pension board opens Brazil office, eyes real estate, infrastructure

TORONTO, Feb 5 (Reuters) – Canada Pension Plan Investment
Board said on Wednesday it will open an office in Sao Paulo in
April, intent on boosting real estate and infrastructure
investments in the region even as money is flowing out of
emerging markets.

CPPIB, a global dealmaker intent on diversifying its C$192.8
billion ($174 billion) portfolio, said the timing for opening
its fifth global office is perfect, though it noted competitors
like sovereign wealth funds are also hunting similar assets.

Feb 4, 2014

Silver Standard to buy Nevada mine from Goldcorp, Barrick

TORONTO, Feb 4 (Reuters) – Silver Standard Resources Inc
said on Tuesday it will buy the Marigold mine in Nevada
for $275 million in cash from joint owners Goldcorp Inc
and Barrick Gold in a move aimed at its boosting its
gold exposure.

Vancouver-based Silver Standard, which owns the Pirquitas
silver mine in Argentina, said the transaction adds an operating
mine in a well-established, low-risk mining jurisdiction to its
asset base.

    • 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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