Business

CI Financial Confirms Talks on Possible Acquisition

Sean B. Pasternak, Sree Vidya Bhaktavatsalam Bloomberg.com 23.08.2008
CI Financial Confirms Talks on Possible Acquisition

Aug. 22 (Bloomberg) -- CI Financial Income Fund, Canada's second-biggest mutual-fund manager, said it has held talks with ``a number of parties'' about a merger or acquisition, sending the shares up 5.4 percent.

Billionaires Gates, Buffett tour oil sands

Jon Harding Ottawa Citizen 20.08.2008
Billionaires Gates, Buffett tour oil sands

CALGARY - Two of the world's three richest people, Microsoft Corp. founder Bill Gates and his friend, American investment magnate Warren Buffett, quietly flew into northeastern Alberta Monday, where they took in the oilsands, apparently with awe.


Household debt rises as economy slows

HEATHER SCOFFIELD The Globe and Mail 19.08.2008
Household debt rises as economy slows

OTTAWA -- Family finances are feeling the strain of the economic slowdown, but that discomfort could be just what is needed to encourage consumers to rein in worrying debt levels, a new report shows.

Toronto Firms Eye Sleep Country For $356M

Jupiter Kalambakal AHN 17.08.2008
Toronto Firms Eye Sleep Country For $356M

Toronto, Ontario (AHN) - Two Toronto-based investment firms, Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc., offered to buy Canada's biggest mattress retailer, Sleep Country Canada Income Fund, for $356 million.


Harper takes aim at Liberal Green Shift policy

FREDERICTON -- Prime Minister Stephen Harper took aim at the Liberal party's carbon tax policy Thursday, suggesting the so-called Green Shift proposal is really a "green shaft" that will stifle the Canadian economy.

Residents to be covered by insurance following explosion but pricetag unknown

TORONTO — Homeowners, businesses and insurance companies were tallying the damage Monday after a massive propane explosion in Toronto over the weekend that could wind up costing millions of dollars in damage and lost business.


Wi-Lan settles with RIM, raises outlook

Saskatoon StarPhoenix 12.08.2008
Wi-Lan settles with RIM, raises outlook

TORONTO (Reuters) - Technology licensing firm Wi-Lan Inc has settled a pending lawsuit with BlackBerry maker Research In Motion and said on Monday it was sharply raising its forecasts for fiscal 2008.

Market will solve text message concerns: Minister

OTTAWA - The federal government does not intend to impose regulations on cellphone companies for text messaging but will ensure consumers have enough choice so they can "vote with their feet," if they are unhappy with their providers, Industry Min...


Earnings tumble ahead of BCE sale

Chris Sorensen Toronto Star 07.08.2008
Earnings tumble ahead of BCE sale

BCE Inc.'s second-quarter results have given analysts comfort that the company's $52 billion privatization will be completed as planned, but continued losses in the traditional telephone business highlight the challenges facing the new owners as t...

Man. and Sask. to lead Canada in growth

Manitoba and Saskatchewan, not Alberta and British Columbia, will be the country's hottest areas economically in 2008, the Conference Board of Canada predicted on Tuesday. The two lower-profile prairie provinces should post the highest gross dome...


$100 million pledged to twin deadly stretch of highway

Robert Remington The Vancouver Sun 06.08.2008
$100 million pledged to twin deadly stretch of highway

BANFF -- The federal government will spend $100 million to complete the twinning of the Trans-Canada Highway to Lake Louise, but its funding commitment Tuesday fell short of what's needed to complete the project to the B.C. border.

Telsec Toronto Executive Offices Go Green

TORONTO, Aug 05, 2008 (MARKET WIRE via COMTEX) -- Telsec, a leading provider of Toronto executive offices, office space and virtual offices, announced today they have joined the "green" movement and taken steps to make its Toronto offices for rent...


Mackenzie buys Saxon for $287-million

Jamie Sturgeon Financial Post 05.08.2008
Mackenzie buys Saxon for $287-million

Mutual fund manager Saxon Financial Inc. (SFI/TSX) has agreed to a friendly $287-million takeover bid from financial services giant IGM Financial Inc. (IGM/TSX).

Scotiabank May Consider Asset-Management Takeovers

Sean B. Pasternak Bloomberg.com 05.08.2008
Scotiabank May Consider Asset-Management Takeovers

Aug. 5 (Bloomberg) -- Bank of Nova Scotia is open to making more acquisitions of money managers in North America following last month's $442 million agreement to buy the Canadian unit of E*Trade Financial Corp.


Hudson's Bay appoints department store head: report

Canadian retailer Hudson's Bay has lured a top executive from Hong Kong-based Lane Crawford to run its centuries-old department-store business, New York Post said. Citing sources, the paper said Canadian Bonnie Brooks had left the Chinese luxury c...

B.C. province wins in tobacco lawsuit

William Marsden, Joanathan Fowlie Vancouver Sun 03.08.2008
B.C. province wins in tobacco lawsuit

B.C. expects to receive an estimated $46.2 million after Canada's two largest tobacco manufacturers agreed to pay fines and penalties totalling more than $1.1 billion in an unprecedented settlement of criminal and civil cases.


Nortel loss triples in Q3

WOJTEK DABROWSKI Montreal Gazette 03.08.2008
Nortel loss triples in Q3

Nortel Networks Corp. said yesterday its quarterly loss tripled on restructuring charges and currency exchange losses, and its shares fell as the telecom equipment company warned that a tough U.S. market is choking wireless spending by carriers.

Mystery woman to head the Bay?

Toronto Star 31.07.2008
Mystery woman to head the Bay?

Glamorous, female, Canadian. The new head of Canada's oldest department store chain is rumoured to be all three. But who is she? The new U.S.-based owners of the Hudson's Bay Co. aren't ready to say who will take on the formidable task of transfor...


Canadians can sign on to telemarketer do-not-call list in two months

Canadians will be able to avoid unsolicited telemarketer calls by registering with the national do-not-call list in exactly two months, the federal telecommunications regulator confirmed Wednesday.

WestJet profits triple

Gina Teel Calgary Herald 31.07.2008
WestJet profits triple

WestJet Airlines Ltd., Canada's No. 2 carrier, posted second-quarter profits nearly triple that of a year ago, when it posted a one-time charge related to a failed reservation booking system.



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