Finance

Manitoba voices its objection to national securities regulator again

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It took 16 pages but when there is any doubt that Manitoba wasn’t towards a national securities regulator the message came through within the final paragraph. “The existing regulatory scheme has capably met the needs of investors, market participants and businesses in Manitoba by managing risks during the 2008 global financial trouble,” said Donald Murray, chair from the Manitoba Securities ...

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Two weeks in the life of a Titan Medical shareholder: It’s been quite the ride

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For all equity investors recent years weeks happen to be a brutal experience: everyone is poorer than they were at the start of the entire year. Investors in Titan Medical Inc., a business that’s focused “on the design and growth and development of a robotic surgical system for application in non-invasive surgery,” have observed exactly the same pattern. But by ...

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Apple Inc CEO Tim Cook commits to annual dividend hike

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Chief Executive Tim Cook said on Friday Apple Inc is dedicated to raising its dividend annually, moving designed to please investors but additionally a sign the world’s most well-known technology company may no longer be a growth stock. As concerns mount that development in sales of iPhones may have peaked, major U.S. growth mutual funds happen to be one of ...

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Pressure mounts on Lowe’s to up its offer for Rona’s preferred shareholders

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The battle for the support of Rona’s preferred shareholders – who in the takeover by Lowe’s are being offered $20 per share, a $5 discount towards the original cost – is placed to get a a bit more interesting three weeks prior to parties gather in Montreal to approve the transaction. This week, and possibly as early as Thursday, more ...

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Royalty changes hit oilfield service providers hard

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Canadian oilfield services stocks swooned over fears Alberta government’s new royalty regime would erode margins for just one from the worst hit segments of the oilpatch. The structure, announced on Friday, is “one more aspect to be worried about for oilfield services,” according Mark Westby, analyst at Calgary-based AltaCorp Capital Inc. “In accessory for significantly decreased oil prices leading to ...

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All eyes on the data dump: What you need to know before markets open

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North American markets look going to a higher open today as oil prices recover slightly and investors digest a brand new batch of U.S. economic data, together with a report on job development in the private sector. U.S. home improvement retailer Lowe’s Cos Inc said it would buy Rona Inc in a deal worth $3.2 billion to go in Canada’s ...

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Apple Inc. said to plan multi-billion-dollar bond sale for capital return to shareholders

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Apple Inc. is planning to sell bonds to come back capital to shareholders because it taps the marketplace for its fifth multi-billion dollar offering since 2013. The iPhone maker will sell the securities in as many as 10 parts, with the longest-dated bonds maturing in 30 years, based on you aren’t knowledge of the matter. Proceeds will also back general ...

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Canadian pension plans buy London City Airport, but the rich price could drive away its biggest customer

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London City Airport’s sale to some Canadian-led group of investors at a steep premium received a cool reception from both its biggest user and the top U.K. airline, which said they will not accept the higher fees that might be imposed to warrant the price. Willie Walsh, ceo of British Airways owner IAG SA, said Friday that an offer reckoned to ...

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