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Jan 20, 2012

U.S. activists eye Canadian proxy battles

TORONTO (Reuters) – More U.S. investors are targeting Canadian companies for proxy battles to boost the value of their stakes, encouraged by favorable laws and activist attacks on such blue chips as Canadian Pacific Railway (CP.TO: Quote, Profile, Research, Stock Buzz) and Research In Motion.

Brad Allen, senior vice-president at Laurel Hill Advisory Group, said the attack on CP and shareholder restiveness at BlackBerry maker Research in Motion show that shareholders are more willing to take on larger Canadian companies.

Jan 20, 2012

China coal firm shares extend loss after fraud claims

TORONTO/HONG KONG, Jan 20 (Reuters) – Shares in
China’s Winsway Coking Coal Holdings Ltd (1733.HK: Quote, Profile, Research) fell further
on Friday even after the company dismissed allegations of fraud
from a mysterious research firm and sought to reassure investors
that a proposed C$1 billion ($991.23 million) takeover of Grande
Cache Coal Corp (GCE.TO: Quote, Profile, Research) is still on track.

A series of fraud allegations against China-focused
companies last year rattled investors and led to scrutiny of
Chinese accounting standards, regulatory probes and dozens of
investor lawsuits.

Jan 12, 2012

The surprising strength of Canada’s pension funds

TORONTO, Jan 12 (Reuters) – Deep in the financial
crisis, a Canadian pension fund entrusted with the nest eggs of
17 million workers bet a chunk of that money on Internet phone
service Skype, venturing well outside its tradition of
long-term, conservative investing.

The investment, made by Canada Pension Plan Investment
Board(CPPIB) in partnership with private equity, more than
tripled in less than two years and marks the clearest sign to
date that Canada’s once-staid pension funds have become a huge
new force in a globalized market.

Jan 12, 2012

Insight: The surprising strength of Canada’s pension funds

TORONTO (Reuters) – Deep in the financial crisis, a Canadian pension fund entrusted with the nest eggs of 17 million workers bet a chunk of that money on Internet phone service Skype, venturing well outside its tradition of long-term, conservative investing.

The investment, made by Canada Pension Plan Investment Board(CPPIB) in partnership with private equity, more than tripled in less than two years and marks the clearest sign to date that Canada’s once-staid pension funds have become a huge new force in a globalized market.

Jan 5, 2012

CIBC ranks as top financial adviser on Canada M&A

TORONTO, Jan 4 (Reuters) – CIBC (CM.TO: Quote, Profile, Research) emerged as
Canada’s top financial adviser on mergers and acquisitions in
2011 after bringing its expertise to some of the biggest mining
deals of the year, according to data released on Thursday.

CIBC World Markets, the capital markets arm of Canadian
Imperial Bank of Commerce, advised on 38 deals worth $35.6
billion in the year, including serving as adviser to Equinox
Minerals on its C$7.3 billion ($7.2 billion) sale to Barrick
Gold (ABX.TO: Quote, Profile, Research).

Jan 3, 2012

Rio sees 1/3 capacity at smelter through lockout

TORONTO, Jan 3 (Reuters) – Rio Tinto Alcan is prepared
to operate its Alma aluminum smelter in eastern Canada at
one-third capacity during a union lockout that began on Jan. 1,
a spokesman said on Tuesday.

“There are 200 managers that are operating the plant right
now and are going through the process of shutting down the
second third of production,” spokesman Bryan Tucker told
Reuters.

Dec 19, 2011

Could RIM’s survival mean ditching the BlackBerry?

TORONTO (Reuters) – It might seem like corporate heresy but an increasing number of technology investors and experts are asking whether Research in Motion (RIM.TO: Quote, Profile, Research, Stock Buzz)(RIMM.O: Quote, Profile, Research, Stock Buzz) needs to ditch its BlackBerry handset business to survive.

The idea that is gaining favour, albeit only among a minority of shareholders, would see the Canadian company fully open its secure and highly respected network to rival smartphone providers and concentrate on that business while getting out of the hardware game altogether through a sale.

Dec 17, 2011

Could RIM’s survival mean abandoning the BlackBerry?

TORONTO (Reuters) – It might seem like corporate heresy but an increasing number of technology investors and experts are asking whether Research in Motion (RIM.TO: Quote, Profile, Research)(RIMM.O: Quote, Profile, Research) needs to ditch its BlackBerry handset business to survive.

The idea that is gaining favor, albeit only among a minority of shareholders, would see the Canadian company fully open its secure and highly respected network to rival smartphone providers and concentrate on that business while getting out of the hardware game altogether through a sale.

Dec 17, 2011

Analysis: Could RIM’s survival mean abandoning the BlackBerry?

TORONTO (Reuters) – It might seem like corporate heresy but an increasing number of technology investors and experts are asking whether Research in Motion needs to ditch its BlackBerry handset business to survive.

The idea that is gaining favor, albeit only among a minority of shareholders, would see the Canadian company fully open its secure and highly respected network to rival smartphone providers and concentrate on that business while getting out of the hardware game altogether through a sale.

Dec 9, 2011

Alpha’s price still a thorny issue in TMX deal

TORONTO (Reuters) – A Canadian financial consortium is still negotiating terms of a side deal it considers crucial to its plan to take over TMX Group and bring most of the country’s major exchanges under a single roof, months after the proposal came to light.

In agreeing to pay C$3.8 billion ($3.72 billion) for TMX, the operator of the Toronto Stock Exchange, Maple Group stipulated that it would also take over Alpha Group, the TMX’s main domestic competitor. The sweeping proposal would give the enlarged group 80 percent of all Canadian equity trades.