Writings

Proxy fights get started: Raging River wants change at Taseko Mines

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It hasn’t taken really miss activist investors to obtain busy in 2016. In its first foray into Canada, Raging River Capital, a Chicago-based private equity/investment firm has requested a shareholder’s meeting of Vancouver-based Taseko Mines. Raging River includes a 5.1 per cent stake in the company that owns the country’s second largest open pit copper-molybdenum mine. In fact Raging River, ...

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The good, the bad and the ugly of Canadian household debt: Should we be worried?

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Borrowing from Aesop’s fable of the ant and the grasshopper, Canada as a country covered with ants (i.e. prudent, hard-working savers). Yet one would don’t know it judging from how certain high-profile statistics are bandied about. When ‘good’ debt goes ‘bad’: Why it can be dangerous to categorize that which you owe Eat a number of almonds or bite into ...

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Global markets lick wounds after torrid two days that wiped trillions of dollars off stocks

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LONDON – A bounce in European shares, a tentative stabilization in oil and soothing sounds from ECB head Mario Draghi helped steady global markets on Thursday, following a torrid few days which has wiped trillions of dollars off asset values. A 3-per cent slump in Chinese stocks had given Asia another bruising, there was relief like a a lot more ...

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Boardwalk REIT gets dinged for exposure to energy-reliant provinces

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Calgary-based Boardwalk Investment Trust is feeling the pain sensation from the ongoing rout in oil prices, as job layoffs across Alberta along with a reduction in net migration push rental apartment vacancy rates higher. Boardwalk’s unit price has sharply declined to about $41 since closing at an all-time high of $71.40 roughly 14 months ago. The company’s real estate portfolio is heavily exposed to Saskatchewan and Alberta, two provinces that ...

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Canadians’ household debt climbs to highest in G7 in world-beating borrowing spree

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OTTAWA – Canadian households are carrying the biggest debt-to-income loads in the Group of Seven, the government budget watchdog says – and that burden is likely to get even heavier. Canadians have piled up the biggest rise in debt-to-income within the G7 since 2000, based on a new report through the Parliamentary Budget Officer, released Tuesday. In fact, in the ...

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‘Absolutely it’s a buying opportunity,’ says CPPIB head of market rollercoaster

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The sell-off roiling stock markets from Shanghai to Ny offers an opportunity to buy assets as long-term prospects for economic growth remain favourable, the head of Canada’s largest pension fund said. “Absolutely it’s a buying opportunity, when the world is panicking and you’ve got a quintessentially long-term view,” Mark Wiseman, the chief executive officer of Canada Pension Plan Investment Board, ...

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Base metal miners may be ‘forced’ into dilutive equity issues

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The plunge in commodity prices has forced many mining companies to market assets or metal streams to enhance their liquidity. However their work is not even close to finished. TD Securities analysts Greg Barnes and Craig Hutchison studied the liquidity of base metal miners and found when prices remain low, liquidity will end up “extremely tight” for a lot of ...

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Bell Canada in no rush to defend $350M patent infringement law suit from MediaTube

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Put it down as another example of a little Canadian technology company taking on the large boys and the big boys doing their best to stretch the process out. A couple of years back it had been i4i Inc. versus Microsoft once the Toronto-based content development firm brought a patent infringement action against Microsoft.  Microsoft lost and was ordered by ...

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