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Banking & Finance in Canada

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  • Ontario legislative panel to approve TMX-LSE deal
    An all-party committee of the Ontario government appears set to support a proposed transaction to merge Toronto Stock Exchange owner TMX Group Inc. with the London Stock Exchange, with some tweaking involving regulation and governance
    - 13 Apr 11, 8:45pm -
  • Blackstone joins shale frenzy with US$1B venture
    Blackstone said on Tuesday it teamed up with shale gas developer Alta Resources to form Alta Energy Partners and they are committing to invest up to US$1-billion to acquire and develop unconventional oil and gas assets in North America
    - 12 Apr 11, 2:49pm -
  • RBC shops its U.S. bank: sources
    Royal Bank of Canada is shopping its struggling U.S. retail banking operation on the heels of results suggesting profitability may be in striking range, sources said
    - 8 Apr 11, 2:35pm -
  • With 90 teachers over 100 OTPP's problem is clear
    The plan continues to face what chief executive Jim Leech calls 'systemic funding problems,' including some teachers whose retirement periods exceed their working years
    - 6 Apr 11, 3:45pm -
  • Why Rick Waugh likes a strong loonie
    A strong loonie is good for Canada because it forces companies to be more productive and it shows what the rest of the world thinks about us, said Rick Waugh, chief executive of the Bank of Nova Scotia
    - 6 Apr 11, 1:42pm -
  • Blankfein reaps US$19M as cash bonuses return to Goldman
    Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd C. Blankfein’s US$19-million compensation for 2010, almost double the prior year, ended two years in which the firm’s top executives gave up cash bonuses
    - 4 Apr 11, 5:12pm -
  • TMX can go it alone, Clark says
    Ed Clark, the chief executive of Toronto-Dominion Bank, spoke out for the first time against the controversial stock exchange merger involving TMX Group Inc. on Thursday
    - 31 Mar 11, 11:00pm -

Canadianbusiness.com

  • Herbalife agrees to settle federal class-action lawsuit filed by ex-salesman
    LOS ANGELES, Calif. – Herbalife says it has agreed to settle a lawsuit that claimed the company’s business structure and marketing practices violated federal and state laws.The weight loss…The post Herbalife agrees to settle federal class-action lawsuit filed by ex-salesman appeared first on Canadian Business.
    - 52 mins ago, 1 Nov 14, 12:03am -
  • Space tourism: Virgin Galactic has big backers, ambitious dreams, celebrity passengers
    The explosion of a Virgin Galactic rocket ship during a test flight over California has almost certainly dashed founder Richard Branson’s goal of starting passenger flights next spring. Information about…The post Space tourism: Virgin Galactic has big backers, ambitious dreams, celebrity passengers appeared first on Canadian Business.
    - 58 mins ago, 31 Oct 14, 11:57pm -
  • Insurer AIG to pay $35M fine to New York to resolve licensing probe of 2 subsidiaries
    ALBANY, N.Y. – Insurance company American International Group Inc. has agreed to pay New York state $35 million to settle claims that two former subsidiaries did business without licenses and…The post Insurer AIG to pay $35M fine to New York to resolve licensing probe of 2 subsidiaries appeared first on Canadian Business.
    - 1 hour ago, 31 Oct 14, 11:38pm -
  • Space tourism rocket explosion stirs mixed emotions of sadness, acknowledgement of dangers
    The explosion of Virgin Galactic’s passenger rocket is stirring up mixed emotions as scientists and others involved in the space industry wait for more details on what happened over the…The post Space tourism rocket explosion stirs mixed emotions of sadness, acknowledgement of dangers appeared first on Canadian Business.
    - 2 hours ago, 31 Oct 14, 10:52pm -
  • Insurer AIG to pay $35M fine to New York to resolve licensing probe of 2 subsidiaries
    ALBANY, N.Y. – Insurance company American International Group Inc. has agreed to pay New York state $35 million to settle claims that two former subsidiaries did business without licenses and…The post Insurer AIG to pay $35M fine to New York to resolve licensing probe of 2 subsidiaries appeared first on Canadian Business.
    - 2 hours ago, 31 Oct 14, 10:27pm -
  • Business Highlights
    ___Gas falling under $3 nationwide: What to knowNEW YORK (AP) — The sight is so surprising that Americans are sharing photos of it, along with all those cute…The post Business Highlights appeared first on Canadian Business.
    - 3 hours ago, 31 Oct 14, 10:00pm -
  • Halifax Chronicle Herald cites declining advertising in issuing 20 layoffs
    HALIFAX – The Halifax Chronicle Herald issued layoff notices to 20 unionized newspaper employees Friday in a bid to cut costs and stem advertising losses.Herald CEO Mark Lever said…The post Halifax Chronicle Herald cites declining advertising in issuing 20 layoffs appeared first on Canadian Business.
    - 3 hours ago, 31 Oct 14, 9:29pm -

Invest in Canada

  • BHP Billiton to invest $2.6B in Saskatchewan potash project
    BHP Billiton will invest $2.6-billion in the Jansen potash project in Saskatchewan, but will develop it at a slower pace than previously expected and with the possible addition of a partner. The Anglo-Australian mining company’s investment in Jansen will be spread over a number of years with completion of two mining shafts expected during 2016.
    - 20 Aug 13, 3:00am -
  • Facebook opens Montreal office
    Facebook has opened an office in Montreal to increase business opportunities in Quebec. The company has two employees based in Montreal to serve businesses looking to expand their presence on the social network. Facebook also launched a temporary office in Vancouver in June, which was expected to stay open for a year-long stint.
    - 10 Jul 13, 3:00am -
  • Montreal researcher revolutionizes brain mapping
    Brain researcher Alan Evans has developed a 3-D atlas of the brain, BigBrain, which provides a data set that is 125,000 times bigger than a typical MRI. BigBrain atlas will offer resolution that is almost at the cellular level. Evans, a researcher at the Neuro and professor of neurology at McGill University, has been working on the project for six years, along with researchers at Forschungszentrum Julich, in Germany. The results of the BigBrain model were published in the journal Science. The brain atlas will be made available to researchers worldwide at no charge.
    - 21 Jun 13, 3:00am -
  • Canadian scientists develop new way to store renewable energy
    Researchers based at the University of Calgary, Curtis Berlinguette and Simon Trudel, have developed an innovative way to make new affordable and efficient catalysts for capturing solar power. The discovery is a new type of electrolyzer device that uses catalysts to start a chemical reaction that converts electricity into chemical energy by splitting water into hydrogen and oxygen fuels. These fuels can then be stored and re-converted to electricity for future use. The technological breakthrough offers a relatively cheaper method of storing and reusing electricity produced by wind turbines and solar panels. The technology is set to be commercialized through a new start-up company called FireWater Fuel Corp. The findings have been reported in the journal Science.
    - 3 Jun 13, 3:00am -
  • Canadian Video Game Industry critical component of digital economy, contributes $2.3B to GDP
    The Entertainment Software Association of Canada (ESAC) unveiled new research about the Canadian video game industry. The research shows that Canada's overall video game industry is still growing at a moderate pace, even as the sector and its business models continue to evolve. Jayson Hilchie, President & CEO of ESAC, showed that Canada's 329 video game studios are a critical component of this country's new digital economy generating over $2.3 billion in GDP for the Canadian economy in 2012.
    - 31 May 13, 3:00am -
  • U.S.-based fund administrator Conifer joins growing hedge fund administration centre in Halifax
    San Francisco-based fund administrator Conifer Fund Services will open a fund administration office in Halifax as part of its strategy to grow in North America. Halifax was selected over competing locations based on Nova Scotia's nearshore advantages including cost, proximity to clients, and access to skilled talent. According to KPMG, Halifax is the fastest growing hedge fund administration centre in Canada. In KPMG's Competitive Alternatives 2012 Report, Halifax ranks number one out of all Canadian and U.S. cities surveyed for lowest business operating costs in the International Financial Services sector.
    - 29 May 13, 3:00am -
  • Marsh announces growth plans in Nova Scotia
    Marsh is expanding its Captive Solutions Group by adding 60 jobs to its Halifax operation over the next five years. Marsh expanded to Halifax in 2006, when it had 10 international accounts under management, and today it has 300. It provides consulting, design and management services to more than 1,200 captive insurance companies around the world. A captive is a form of self-insurance by corporations, groups and consortiums. Many of Marsh's clients are Fortune 500 companies.
    - 27 May 13, 3:00am -

Canada News Centre - Finance