Investment

Amaya CEO David Baazov says his takeover bid is still in the works

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MONTREAL – Amaya Inc. CEO David Baazov says he still intends to make a bid to accept gambling online company private, though he can’t say when he will officially announce his offer. “I’m capable of move towards submitting a proposal to get the outstanding shares of Amaya, in line with my previously announced intentions,” said Baazov throughout a conference call Monday, ...

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TSX, Wall Street surge, Canadian dollar gains almost a full cent

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TORONTO – Rising oil and other commodity prices helped push the Toronto stock market higher for that third straight session as investors warmed to indications of an improving economy coming. The S&P/TSX composite index advanced 312.18 points or 2.49 per cent to 12,867.16, more than creating ground lost in a five-day string of downturns last week. The resource-heavy market benefited ...

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Untapped loans double Canadian banks oil exposure to $107 billion

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Canadian banks’ exposure to the struggling oil-and-gas industry totals $107 billion when including untapped credit lines with outstanding loans, according to overview of company filings. That’s double the amount $50 billion as a whole outstanding loans generally highlighted by Royal Bank of Canada, Toronto-Dominion Bank and also the country’s four other large lenders in quarterly earnings calls and presentations. The ...

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Taseko battle puts directors on hot seat

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In the seven plus years because the Supreme Court ruled on the planned going private transaction at BCE, the roles of directors have become more complicated. While a legal court relieved directors of their duty to maximize shareholder value in the context of change-of-control transaction, the administrators are now necessary to think about the interests of stakeholders. A live transaction ...

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Global stocks fall, yen jumps as commodity prices slide for second day

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Global stocks dropped as the biggest two-day slide in commodity prices in a month awakened memories of the financial market turmoil that marked the start of this year. The Australian and Canadian dollars fell and the yen jumped probably the most per week. Benchmark share gauges in Europe and Asia retreated using their highest closes since January, while U.S. stock index ...

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Pivot Technology Solutions’ special committee says it did its job

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As far because the special committee of Pivot Technology Solutions is worried they’ve done their job: After months of negotiations, they’ve agreed to place a proposal, brought forward by some insiders, to the company’s shareholders for his or her consideration. And they have done that whenever a search of potential customers showed that neither a private equity firm nor an ...

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How to play market volatility as Canada gets ‘hit by both sides of the storm’

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Volatility has turned into a focal point for investors, whether they’re watching existing equity market positions, or sitting with cash and looking for the right time to begin. The Canadian economy, left for dead just a couple months ago, is showing indications of life Real GDP inched ahead, and while the imploding energy sector had its thumbprints all over the ...

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Is emerging market debt the third leg of the global financial crisis? Maybe

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Emerging market debt is not at a level that could trigger a market crash, but it’s “too soon” to sound the all clear, says Capital Economics. The concept that emerging market debt could be the next leg from the global financial crisis has been floating around for a few years now. Proponents see emerging market debt because the third domino ...

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