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Mar 12, 2015

Aequitas broadens shareholder base ahead of Neo launch

TORONTO, March 12 (Reuters) – Aequitas Innovations Inc said
on Thursday it has completed a “significantly oversubscribed”
round of funding, raising about C$30 million ($23.6 million)
and broadening its shareholder base ahead of the launch of its
Neo exchange this month.

The Toronto-based firm said indications of interest from
both founding shareholders and new shareholders represented
close to 150 percent of the amount Aequitas originally planned
to raise. It said the offering was distributed to ensure a fair
representation of all market participants and stakeholders.

Mar 11, 2015

Canada’s Neo stock exchange to waive market data fees for some

TORONTO, March 11 (Reuters) – A new Canadian stock exchange
set to launch in late March will offer attractive fees for
market data or waive them altogether in a challenge to the
dominance of TMX Group’s Toronto Stock Exchange (TSX).

Aequitas Innovations Inc said on Wednesday its Neo exchange
will not charge retail investors for access to real-time
displayed market data for securities listed on the primary and
TSX Venture exchanges.

Mar 11, 2015

Exclusive: UBS poaches Bank of Montreal oil banking team – sources

NEW YORK/TORONTO (Reuters) РHumakerUBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the matter said.

The moves come amid plummeting oil prices that have prompted banks to try to lure talented energy bankers with deep technical expertise. Such bankers can help them win new investment banking business from companies that want to shed assets.

Mar 11, 2015

UBS poaches Bank of Montreal oil banking team-sources

NEW YORK/TORONTO March 10 (Reuters) – HumakerUBS AG
has poached a U.S. team of some 15 oil and gas investment
bankers from Bank of Montreal (BMO), significantly
weakening the energy dealmaking capacity at Canada’s
fourth-largest bank, people familiar with the matter said.

The moves come amid plummeting oil prices that have prompted
banks to try to lure talented energy bankers with deep technical
expertise. Such bankers can help them win new investment banking
business from companies that want to shed assets.

Mar 6, 2015

Church says detained pastor has no ties to purged North Korean official

TORONTO (Reuters) – A Canadian pastor detained in North Korea has done only humanitarian work there, his church said on Friday as it denied a media report that he had ties to a purged and executed uncle of North Korean leader Kim Jong-un.

The Rev. Hyeon Soo Lim, 60, the leader of the 3,000-member Light Korean Presbyterian Church in suburban Toronto, was last heard from on Jan. 31 and is believed to be the Canadian who diplomats have confirmed is being detained by North Korean authorities.

Mar 5, 2015

Canada gold assets regaining lost luster, helped by soft C$

TORONTO, March 5 (Reuters) – Canadian gold projects once
shunned by miners in favor of more alluring opportunities
overseas are regaining their sheen, as a weaker currency, new
tax breaks and greater security of tenure are wooing miners to
return home.

In the gold rush during the last decade, Canadian miners had
largely focused on projects in far flung countries that often
offered much larger potential output than what was available at
home.

Mar 4, 2015

From prime rib to chips and dip: Lean times at mining’s annual conference

TORONTO, March 4 (Reuters) – When the world’s miners head
for Toronto each year to attend their industry’s annual
conference, they arrive with certain expectations. They’re
accustomed to finding oyster bars, rowdy parties, open bars with
high-end liquor and elegant hotel suites.

But this year’s gathering of the Prospectors and Developers
Association of Canada (PDAC) is a more subdued affair, with
lavish spreads and grand lodgings increasingly giving way to
cheese platters and Airbnb rentals.

Mar 3, 2015

BlackBerry unveils new mid-market Leap smartphone

BARCELONA/TORONTO, March 3 (Reuters) – BlackBerry unveiled a
new mid-market smartphone on Tuesday dubbed the BlackBerry Leap
that is set to replace the Z3 device launched a year ago, in a
move to woo buyers in certain emerging markets where BlackBerry
still has a fairly large client base.

The Waterloo, Ontario-based company said the phone, unveiled
at the Mobile World Congress (MWC) in Barcelona, would initially
hit stores in U.S and European markets around April and be
priced around $275.

Mar 2, 2015

BlackBerry takes its device management platform to the cloud

TORONTO, March 2 (Reuters) – BlackBerry Ltd
said on Monday it plans to offer a cloud-based version of its
device management platform BES12, a move that will make the
service more accessible to small- and medium-sized businesses
that need to secure devices on their own networks.

Waterloo, Ontario-based BlackBerry has built a reputation
around its device management and security capabilities, catering
mainly to the needs of large government agencies and
corporations. With data security needs becoming more critical,
and a number of new entrants in the field nipping at its heels,
BlackBerry said it is now broadening its offerings.

Mar 1, 2015

Canada extends, broadens tax credits to aid miners

TORONTO, March 1 (Reuters) – The Canadian government
outlined plans on Sunday to extend for a year exploration tax
credits offered to miners and broaden the scope of the credits,
in an attempt to boost a sector that has been ravaged by falling
commodity prices and a scarcity of funding.

The government said it hopes the tax credit, which is aimed
at boosting exploration activity within Canada, will support
hundreds of small companies.

    • 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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