TORONTO (Reuters) – When retailer Lululemon Athletica (LULU.O: Quote, Profile, Research, Stock Buzz) pulled its “Define Jacket” off the shelves in 2013, customers were dismayed. When it embarrassingly recalled its signature yoga pants for being too sheer, they rushed for the exits.
Now the jacket is back, and so are customers, and that has helped boost Lululemon’s shares more than 70 percent from their low last June.
By Jonathan Stempel and Euan Rocha
(Reuters) – BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz) (BBRY.O: Quote, Profile, Research, Stock Buzz) on Friday won the dismissal of a U.S. lawsuit accusing it of fraudulently inflating its stock price by painting a misleadingly upbeat picture of the prospects for its BlackBerry 10 smartphone line.
U.S. District Judge Thomas Griesa in Manhattan said the plaintiffs failed to show that BlackBerry and top officials materially misled them in touting how well customers were accepting the devices, and failing to take writedowns fast enough when sales proved disappointing.
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.
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.
NEW YORK/TORONTO (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.
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.
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.
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
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
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.
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.