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Sep 17, 2015

BlackBerry CEO sees company patents as key to turnaround strategy

By Euan Rocha

(Reuters) – BlackBerry Ltd sees its massive patent
portfolio as one of the key elements in its turnaround strategy
as it pivots to focus more on its software and enterprise
business, Chief Executive John Chen said on Thursday.

“We have today about 44,000 patents. The good thing about
this is that we also have one of the youngest patent portfolios
in the entire industry, so monetization of our patents is an
important aspect of our turnaround,” Chen said while speaking in
the company’s hometown at the Waterloo Innovation Summit.

Aug 23, 2015

Junior miners jump into medical marijuana, food service amid slump

TORONTO/VANCOUVER/SYDNEY, Aug XX (Reuters) – Many of the
world’s junior miners are laying down their picks and shovels to
start new ventures ranging from egg exporting to medical
marijuana farming, as they as try to survive a crash in metals
prices by shifting away from exploration.

Prices for copper, gold, iron ore, coal and almost every
other metal have collapsed, stalling exploration work and
hitting early stage miners particularly hard. These firms
typically find the deposits that larger miners often then go on
to acquire and develop into mines. But there’s scant demand for
new sources of metal now.

Aug 17, 2015

OMERS’ tech fund raises C$260 million from Cisco, Bank of Montreal

TORONTO, Aug 17 (Reuters) – OMERS Ventures, one of Canada’s
biggest venture-capital firms, said on Monday it has raised
about C$260 million ($200 million) for a second fund to invest
mainly in early-stage technology companies.

Lead investors in the fund are Bank of Montreal,
Cisco Systems and the Ontario Municipal Employees
Retirement System (OMERS), parent of OMERS Ventures.

Aug 17, 2015

Barrick scraps co-president structure in management shuffle

TORONTO, Aug 17 (Reuters) – Barrick Gold Corp said
on Monday Jim Gowans, a veteran miner and one of its
co-presidents, was retiring from the company, and appointed his
partner as the sole president.

Kelvin Dushnisky, who has served as co-president with Gowans
for a year, has been appointed president and will continue to
report to Executive Chair John Thornton, a former Goldman Sachs

Aug 11, 2015

Fairfax alters Watsa voting-stake plan after shareholder talks

TORONTO, Aug 11 (Reuters) – Canada’s Fairfax Financial
Holdings Ltd said on Tuesday it has added investor
safeguards to a plan to preserve founder Prem Watsa’s voting
stake, a move aimed at assuaging the concerns of minority
shareholders who had opposed the proposal.

The plan, which must be put to a shareholder vote, would
ensure that the family of Watsa, who is Fairfax’s chairman and
chief executive, maintains at least 41.8 percent voting control
via the multiple voting shares it owns.

Aug 10, 2015

Canada’s Telus brings back company veteran Entwistle as CEO

TORONTO, Aug 10 (Reuters) – Telus Corp announced a
surprise change in its leadership on Monday, with former Chief
Executive Officer Darren Entwistle returning as CEO of the major
Canadian telecoms company a little over a year after handing the
reins to Joe Natale.

Telus, which is based in Vancouver on Canada’s West Coast,
said it made the change after Natale said he would not move to
Western Canada by 2017, sparking an “extensive review.”

Jul 29, 2015

Fiat Chrysler sued in Canada following recent vehicle recalls

TORONTO (Reuters) – A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles (FCHA.MI: Quote, Profile, Research, Stock Buzz) on Wednesday seeking about $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July.

Merchant Law Group said the lawsuit, which seeks class action status, was filed in the Superior Court in Montreal. It said it plans to file claims later this week in courts in Ontario, British Columbia, Saskatchewan and Nova Scotia.

Jul 27, 2015

Canadian venture capital, private equity deals surge in 2015

TORONTO, July 27 (Reuters) – Deal-making activity in
Canada’s venture capital and private equity arena surged in the
first half of 2015, driven by a spate of financings in the tech
start-up space and large investments in energy assets, data from
Thomson Reuters showed on Monday.

The data indicates there was C$636 million ($488.48 million)
in venture capital invested in 143 deals in the second quarter,
a sum that was 15 percent higher than that invested by VC firms
in the first quarter.

Jul 24, 2015

Canadian investment bank Edgecrest puts itself up for sale – sources

TORONTO, July 24 (Reuters) – Canadian mining-focused
investment bank Edgecrest Capital has put itself on the auction
block, hurt by a prolonged downturn in the natural resource
sector that has hit fees and activity, according to two sources
familiar with the situation.

The move comes two years after Toronto-based Edgecrest,
which is led by investment banker David Beatty, opened shop. The
company acquired boutique dealer Stonecap Securities Inc and its
U.S. unit last year and made some hires earlier this year.

Jul 23, 2015

BlackBerry lays out security strategy as turnaround takes shape

NEW YORK (Reuters) – BlackBerry Ltd on Thursday showcased a suite of security products that safeguard everything from medical devices to Hollywood movie scripts, though its CEO acknowledged that his effort to transform the company remains a work in progress.

The Waterloo, Ontario-based company, whose smartphone market share has dwindled, is attempting to morph into a more software-focused entity.

    • 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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