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Nov 9, 2014

BlackBerry CEO sees fewer new devices, focus on profitability

TORONTO (Reuters) – BlackBerry, which has completed the first phase of its two-year turnaround plan, is now focused on profitability and will not spread itself thin by attempting to launch too many new devices, its chief executive said.

John Chen, who took the reins at the struggling mobile technology company in November 2013, has moved rapidly to try to get the one-time investor darling back on track. The company has sold assets, struck partnerships to lower manufacturing costs and broaden app offerings, and raised cash via the sale of real estate holdings in its hometown of Waterloo, Ontario.

Nov 4, 2014

Canada to launch yuan clearing hub, deal imminent -sources

OTTAWA/TORONTO, Nov 4 (Reuters) – Canada expects to finalize
the creation of a yuan clearing hub in the country, sources
familiar with the government’s talks with Chinese officials said
on Tuesday, with an announcement expected during Prime Minister
Stephen Harper’s trip to China later this week.

The two sides “expect to be able to finalize and announce
the currency hub,” said one source, speaking on condition of
anonymity because the matter is not yet public.

Nov 3, 2014

MasterCard, RBC to test if the heart is always true, for payments at least

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.

Oct 30, 2014

Energy company Seven Generations set to raise C$810 million in IPO

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.

Oct 27, 2014

Canada pushes for new anti-terror laws, critics say money needed

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.

Oct 24, 2014

Canada to deliver spy agency bill next week, more to come

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.

Oct 24, 2014

Canada says will move soon on tough anti-terrorism legislation

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.

Oct 20, 2014

Amaya Gaming to explore sale of Cadillac Jack subsidiary

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, 2014

Canadian Pacific Railway ends merger talks with CSX

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
percent.

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.

Oct 20, 2014

BlackBerry shares up after unconfirmed report on possible Lenovo bid

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.

    • 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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