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Normal Course Issuer Bid Announced by Primary Petroleum
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Category Archives: Stock Market News
2011 in review | Debt dominated business headlines
Debt dominated business headlines in 2011 as U.S. politicians bickered over deficit reduction, earning the country an unprecedented ratings downgrade, and years of European borrowing turned the public purse into a public curse. In Europe, even as the global recovery struggled for traction, governments cut spending, laid off public servants and raised taxes, often in return for international bailouts made necessary by the high cost of borrowing from banks
Top court sends Flaherty back to the drawing board for securities regulator
OTTAWA – If Finance Minister Jim Flaherty still wants a national securities regulator, the Supreme Court has left him an option to get a deal done with Quebec, Alberta and other provinces who have opposed the idea for years. Though the top court on Thursday turned down the minister’s plan for a single regulator, it acknowledged Ottawa has a role in addressing systemic risk to the financial system and left the door open for a national regulator if the provinces agree to a co-operative plan. “It is open to the federal government and the provinces to exercise their respective powers over securities harmoniously, in the spirit of co-operative federalism,” the court said.
TSX accepts Maple Leaf Foods shareholder plan
(Reuters) – Shareholders of Maple Leaf Foods Inc have approved the company’s shareholder rights plan, and the Toronto Stock Exchange has accepted it, Maple Leaf said on Thursday. The leading Canadian baker and meat processor said in July that it had adopted the plan and that Chief Executive Michael McCain would acquire nearly a third of its shares. The company denied at the time that the poison pill was in response to any actual or anticipated transaction, saying it merely replaced a rights plan that expired last year.
Thomson Reuters suspends search for buyer for its health-care data business
NEW YORK, N.Y. – Thomson Reuters (TSX:TRI) said Thursday its health-care data business is no longer up for sale because global economic conditions make it tough to get the right price for the division
Miranda Technologies doesn’t expect activist shareholders to have enough support
MONTREAL – Broadcast equipment and software maker Miranda Technologies Inc. said Thursday that dissident shareholders are unlikely to have enough support to force a change in its executive team and take control of the company
Deutsche Boerse, NYSE deal wins U.S. approval (Reuters)
WASHINGTON (Reuters) – Deutsche Boerse (DB1Gn.DE) won U.S.
Opmedic Group says in vitro fee cut in Quebec could hurt bottom line
MONTREAL – Opmedic Group Group Inc.
Justice to require sale before NYSE merger (AP)
WASHINGTON – The Justice Department announced Thursday that it will allow the creation of the world’s largest stock exchange operator after the German conglomerate that wants to buy the New York Stock Exchange sells its stake in a third, smaller American stock exchange operator. Justice Department lawyers filed papers in U.S
Environmental paperwork nudges northwestern B.C. mine closer to reality
VANCOUVER – Efforts to restart a mothballed molybdenum mine in northwestern B.C.