TORONTO (Reuters) – Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard Inc (MA.N: Quote, Profile, Research, Stock Buzz) and Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) to test whether the beat of your heart is true enough to verify payments.
The Nymi wristband, which authenticates identity by using a person’s cardiac rhythm, is designed to eliminate the need for passwords, pin codes and even keys.
TORONTO, Oct 30 (Reuters) – Seven Generations Energy Ltd
is poised to raise C$810 million ($724.31 million) via
an initial public offering that priced at the lower end of a
previously anticipated range, according to regulatory documents.
The independent petroleum company, which is selling some 45
million shares, priced the share offering at C$18, compared with
an earlier projected range of C$17 to C$21. The offering is set
to value the company at over C$5 billion.
TORONTO/OTTAWA (Reuters) – Canadian police need more resources and not extra powers to deal with the threat posed by extremists after two deadly attacks, say legal and security experts, as the government pledged to deliver tough new anti-terror legislation.
Canada’s Conservative government said it will soon introduce a bill to enhance the Canadian Security Intelligence Service (CSIS) spy agency and is planning other legislation designed to allow police to preempt threats and crack down on hate speech.
BRAMPTON Ontario/OTTAWA (Reuters) – Canada will introduce legislation next week to give more powers to its spy agency, a bill that will be largely unchanged from one drafted before this week’s attack in Ottawa, a government source said on Friday.
The government will put forward more measures later, the source said, and they will include wider powers to address security threats in the wake of the killing this week of two soldiers and the assault on Parliament on Wednesday.
BRAMPTON Ontario (Reuters) – Canada will introduce tough anti-terrorism legislation soon that could include measures designed to preempt attacks and limit speech that might incite violence, the country’s justice minister said on Friday.
Justice Minister Peter MacKay said the moves, which come after the killing of two soldiers this week, will go beyond measures in a bill the government was already working on. That bill was set to strengthen the powers of the Canadian Security Intelligence Service (CSIS), enhancing the spy agency’s ability to track terrorists when they travel abroad, and ultimately leading to their prosecution.
TORONTO, Oct 20 (Reuters) – Amaya Gaming Group Inc,
which has pivoted to focus on the fast-growing online gambling
market, said on Monday it is exploring a sale of its Cadillac
Jack subsidiary that makes slot machines and electronic bingo
games for casinos.
Earlier this summer, Montreal-based Amaya closed on the $4.9
billion takeover of Rational Group, operator of online gambling
website PokerStars, just as several U.S. states have begun to
move on legislation to legalize online gambling.
Oct 20 (Reuters) – Canadian Pacific Railway Ltd said
on Monday that it had ended talks to buy CSX Corp and
that the two companies planned no further discussions, sending
shares of the No. 3 U.S. railroad operator down nearly 3
A source familiar with the matter told Reuters recently that
the two railroads had held exploratory talks this month and that
they were contemplating whether to take things further. Neither
side had confirmed the talks, first reported by the Wall Street
Journal a week ago.
TORONTO (Reuters) – BlackBerry (BB.TO: Quote, Profile, Research, Stock Buzz) (BBRY.O: Quote, Profile, Research, Stock Buzz) shares rose more than 3 percent on Monday after a news website said Chinese computer maker Lenovo Group (0922.HK: Quote, Profile, Research, Stock Buzz) might offer to buy the Canadian technology company.
Benzinga.com, citing an unnamed source familiar with the matter, said an offer worth $15 a share could come as early as this week.
TORONTO, Oct 8 (Reuters) – A provincial court on Wednesday
approved U.S. Steel Corp’s C$185 million ($167 million)
debtor-in-possession (DIP) financing facility for the company’s
Canadian unit and extended its protection from creditors until
The subsidiary, U.S. Steel Canada, said the funding should
allow it to operate until the end of 2015.
TORONTO (Reuters) – Postmedia Network (PNCa.TO: Quote, Profile, Research) said on Monday it will buy Quebecor Inc’s (QBRb.TO: Quote, Profile, Research) Sun Media newspaper assets for C$316 million (£176.4 million) in a deal that would give a single publisher control of most of the major English-language dailies in Canada.
The agreement, likely to be closely scrutinized by antitrust authorities, would transform the country’s newspaper landscape, making Postmedia the owner of competing major local dailies in cities such as Ottawa, Edmonton and Calgary.