Euan's Feed
Mar 1, 2015

Sun Life eyeing acquisitions in areas more immune to low rates

TORONTO, March 1 (Reuters) – Canadian insurance company Sun
Life Financial Inc said it was looking for acquisition
opportunities in business areas such as wealth management that
are less impacted low interest rates.

“We are investing in areas of growth that are less dependent
on what interest rates do,” Chief Executive Dean Connor told
Reuters in an interview before the company kicks off
celebrations to mark its 150-year anniversary on Monday.

Feb 27, 2015

Canada’s OMERS posts solid 2014 results, targets asset mix shift

TORONTO, Feb 27 (Reuters) – Canadian pension plan OMERS said
on Friday it generated a 10 percent return in 2014 on the back
of big gains in investments in public and private markets, and
it plans to make a gradual shift in its portfolio asset mix over
the next 3 to 5 years.

OMERS, or the Ontario Municipal Employees Retirement System,
said net assets rose to C$72 billion ($57.71 billion) at the end
of 2014, from C$65.1 billion at the end of 2013.

Feb 25, 2015

Canada’s HBC to form real estate joint ventures, stock soars

TORONTO (Reuters) – Canadian retailer Hudson’s Bay Co (HBC.TO: Quote, Profile, Research, Stock Buzz) said on Wednesday it has agreed to form two real estate joint ventures that would cut its debt by about C$1.1 billion ($885.60 million) and pave the way for an initial public offering or alternate transaction.

The separate deals with two real estate investment trusts, or REITs, U.S.-based Simon Property Group Inc (SPG.N: Quote, Profile, Research, Stock Buzz) and Canada’s RioCan Real Estate Investment Trust (REI_u.TO: Quote, Profile, Research, Stock Buzz), sent HBC’s shares soaring more than 22 percent to C$27.15 on the Toronto Stock Exchange.

Feb 22, 2015

Investors sour on Canadian banks ahead of earnings

TORONTO (Reuters) – Investor sentiment in Canadian banks has begun to sour ahead of earnings this week as short interest positions in the stocks have jumped and analysts have begun to get increasingly skittish about their prospects in a weakening Canadian economy.

Canadian financials have been the worst performing among the 10 major sectors on the benchmark stock index year-to-date and the sector has fallen nearly 5 percent in the last three months. Some investors now fear that the banks, a major component of the financial sector, could be in for more pain.

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

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.

    • 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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