TORONTO, May 1 (Reuters) – Barrick Gold Corp on
Friday named Catherine Raw, a BlackRock executive and co-manager
of one of its flagship mining funds, as head of business
BlackRock, one of the world’s largest asset
managers, announced in March that Raw was leaving to take a
corporate position in the mining sector. She had headed the
firm’s mining fund with BlackRock veteran Evy Hambro since 2011.
TORONTO, April 30 (Reuters) – GMP Capital reported
a net loss on Thursday, as a slump in commodity prices damped
issuance and deal activity among small- and mid-tier companies
that account for a large portion of the independent brokerage
firm’s client base.
The results underscore the challenge that many small and
mid-market firms face in Canada, as weak commodity prices and
higher costs amid increased regulatory scrutiny weigh on
TORONTO (Reuters) – The uproar around yogawear retailer Lululemon Athletica two years ago was about a little too much transparency. Now some shareholders are complaining about a lack of it.
Lululemon shares tumbled and executives departed following a high-profile 2013 recall of its signature yoga pants that were deemed too see-through. Its founder Chip Wilson later clashed with the board over how things were being run.
TORONTO, April 28 (Reuters) – Barrick Gold Corp
Chairman John Thornton promised to fix the
miner’s executive compensation plan, especially his own package,
on Tuesday after shareholders voted overwhelmingly to reject it,
the second such rejection in three years.
Although the final tally of the nonbinding say-on-pay vote
was not in, Thornton said early returns indicated that about 75
percent of shareholders who voted rejected the plan.
TORONTO/MONTREAL, April 24 (Reuters) – Stingray Digital
Group, a business-to-business music provider and media company,
said on Friday it plans to go public through a listing on the
Toronto Stock Exchange.
A source familiar with the company’s plans, who asked not to
be named as the details of the offering are not yet public, said
Stingray plans to raise C$120 million ($99 million) via the IPO
that is expected to close sometime in early June.
TORONTO, April 24 (Reuters) – The Canada Pension Plan
Investment Board, the country’s largest pension fund manager, on
Friday joined a slew of other investors opposing Barrick Gold
Corp’s executive pay structure.
Toronto-based CPPIB said it plans to come out against the
advisory vote on executive compensation that Barrick will be
having at its annual shareholder meeting next week.
TORONTO (Reuters) – Fairfax Financial Holdings, which bet on the success of a Greek turnaround last year, said on Thursday it is confident that Greece will reach a deal with its counterparts in the euro zone and remain a part of the currency bloc.
Fairfax last year became a key player in the bailout of one of the country’s largest lenders Eurobank, after it bought a 13.6 percent stake in the bank. The Toronto-based firm recently boosted its position in the bank further, even as Greek banks suffered deposit outflows in the face of fears over the Greek government’s extended standoff with euro zone partners over reforms.
TORONTO (Reuters) – BlackBerry Ltd (BBRY.O: Quote, Profile, Research, Stock Buzz) (BB.TO: Quote, Profile, Research, Stock Buzz) said on Tuesday it is acquiring privately-held U.S. tech company WatchDox, which makes software that secures files for clients ranging from private equity firms to Hollywood studios, in a bid to boost its security offerings.
WatchDox’s software gives clients control over how their files are edited, copied, printed or forwarded. Network administrators will be able to revoke access to files, or delete them remotely even after they leave a company’s corporate network.
LONDON/TORONTO (Reuters) – Barrick Gold Corp is being advised on options for its Zaldivar copper mine in Chile by the boutique firm of mining rainmaker Michael Klein, in a deal potentially worth around $2 billion, three sources familiar with the matter said on Monday.
Toronto-based Barrick has already contacted a limited group of buyers including some diversified Chinese miners and copper companies, the sources said, declining to be identified since the matter is private.
TORONTO, April 17 (Reuters) – Two of Canada’s largest
pension funds, shareholders of Canadian Imperial Bank of
Commerce, said on Friday they will demonstrate their
unhappiness with CIBC’s executive pay structure at the lender’s
annual meeting next week.
The Ontario Teachers’ Pension Plan Board, vexed by
multimillion-dollar payments to two retired executives, plans to
withhold support for members of CIBC’s compensation committee
and to oppose the bank’s pay structure in a nonbinding vote.