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Globe Columnists
Friday, October 18




  Andrew Willis
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Torys law firm names first new leader in 21 years space
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By ANDREW WILLIS, CHRISTINE DOBBY
Thursday, October 17, 2019 – Page B1
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-- Torys LLP, one of Canada's top law firms for mergers and acquisitions, has named its first new leader in 21 years, with private-equity specialist Matt Cockburn poised to take over as managing partner.  FULL STORY arrow
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Morguard stands to benefit when a real estate downturn strikes space
Property owner's plan to buy office and retail spaces could prove profitable should a recession arrive
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By ANDREW WILLIS
Monday, October 14, 2019 – Page B2
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-- Most investors dread the prospect of a recession. Morguard Corp. chief executive Rai Sahi, on the other hand, is setting up his company to take advantage of an inevitable downturn in real estate markets.  FULL STORY arrow
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Hockey, baseball and buzzwords space
Rogers Media's new boss talks a good game. But does Jordan Banks have the answers? Susan Krashinsky Robertson and Andrew Willis report
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By SUSAN KRASHINSKY ROBERTSON, ANDREW WILLIS
Saturday, October 12, 2019 – Page B1
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-- When Rogers Communications Inc. hired Jordan Banks as the new president of its media division this summer, it was not just announcing new leadership. It was sending a message.The symbolism was clear. On the way out was a seasoned broadcaster, Rick Brace, who first went into the television business more than 40 years ago and had been pulled out of retirement to take the job in 2015. On the way in was a former eBay Inc.  FULL STORY arrow
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Oil's insider buying hints at faith in market space
Canadian industry executives are purchasing stock at a steadily rising number of domestic energy companies, report finds
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By ANDREW WILLIS
Saturday, October 5, 2019 – Page B4
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-- Oil patch executives are showing their faith in made-in-Canada energy by stepping up their purchases of shares in their own companies, a trend that flies in the face of rising insider sales in other sectors.  FULL STORY arrow
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Northland Power shows public markets still matter space
Green energy company bucks recent trend as its aggressive international growth plan gets strong stock-sale endorsement
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By ANDREW WILLIS
Monday, September 30, 2019 – Page B2
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-- Green energy company Northland Power Inc. raised $346-million in a stock sale this month to pay for an acquisition in Colombia, a deal that gave comfort to Canadian CEOs with ambitions outside the borders.  FULL STORY arrow
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A sound economic plan for a better Canada, not attack ads, will win votes space
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By ANDREW WILLIS
Monday, September 23, 2019 – Page B1
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-- The CEOs of Canada's largest companies were worried about exactly the same thing as you were going into this federal election campaign. Which party leader is best prepared to run this country for the future?  FULL STORY arrow
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Chinese mining company Jiangxi targeting First Quantum for potential takeover bid, sources say space
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By ANDREW WILLIS, NIALL MCGEE
Saturday, September 21, 2019 – Page B2
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-- State-controlled mining company Jiangxi Copper Corp. Ltd. is stalking Vancouverbased First Quantum Minerals Ltd., owner of the largest copper mine in Africa, an approach driven by the Chinese government's drive to lock up supplies of natural resources in the continent.  FULL STORY arrow
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AGF cashes out of Britain in merger of money managers space
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By ANDREW WILLIS
Friday, September 20, 2019 – Page B1
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-- AGF Management Ltd. scored a bigger-than-expected $320-million payday from the planned merger of two large British money managers, leading analysts to shift their views on a Toronto-based investment company that had been in a long slide.  FULL STORY arrow
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CannTrust has shot at redemption but a breakup is more likely space
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By ANDREW WILLIS
Wednesday, September 18, 2019 – Page B1
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-- Health Canada handed CannTrust Holdings Inc. a slim shot at redemption by setting out the steps the company must take to win back government licences that are now suspended. But don't count on a comeback.  FULL STORY arrow
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Canadians can expect to pay as insurers brace for bad weather space
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By ANDREW WILLIS
Saturday, September 14, 2019 – Page B1
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-- I n the dry language of actuaries, the islands of the Bahamas are experiencing what's known as an insurance gap.After being devastated by Hurricane Dorian earlier this month, the island nation faces an estimated US$32-billion in cleanup costs. Insurance companies are expected to pay just US$5-billion of the bill, according to RBC Capital Markets Inc. That leaves an insurance gap -- the difference between cost of damage and what insurers will cover - at 85 per cent of the capital required to rebuild the Bahamas. There's untold human suffering behind that gap, as home owners, businesses and governments struggle to find the money for repairs and to restore communities. The insurance industry, on the other hand, sailed through the storm.  FULL STORY arrow
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ANDREESCU A HOT PROPERTY FOR ENDORSEMENT DEALS space
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By ANDREW WILLIS
Thursday, September 12, 2019 – Page B18
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-- TORONTO Bianca Andreescu expects to sign at least two major endorsement deals in the next few months, according to her agent, Jonathan Dasnieres de Veigy, at sports-management agency Octagon Sports and Entertainment Network. Andreescu is currently sponsored by Nike, BMW and vegan restaurant chain Copper Branch, which signed her for approximately $50,000 annually last year.  FULL STORY arrow
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THE BRANDING OF BIANCA space
Canada's first winner of a Grand Slam singles title is set to cash in on endorsements: 'She's a very hot commodity right now'
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By ALEXANDRA POSADZKI, ANDREW WILLIS
Tuesday, September 10, 2019 – Page B1
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-- Bianca Andreescu may be a proud Canadian, but becoming the country's first Grand Slam singles champion in tennis has catapulted her to international fame - and with that comes global sponsorship opportunities.  FULL STORY arrow
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Cenovus looks to share buyback to cure its financial ills space
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By ANDREW WILLIS
Monday, September 9, 2019 – Page B1
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-- Cenovus Energy Inc. is suffering from a two-year, deal-induced hangover.The oil sands company's improving fortunes are finally offering a chance to cure its lingering financial headache.  FULL STORY arrow
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Marketing appeal rises with Andreescu's star power space
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By ALEXANDRA POSADZKI, ANDREW WILLIS
Saturday, September 7, 2019 – Page B1
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-- When Copper Branch, a Montreal-based vegan restaurant chain, signed a marketing deal with Bianca Andreescu in March, for a mere $50,000 or so, its timing could not have been better.  FULL STORY arrow
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Li Ka-shing company made $12.4-billion Inter Pipeline bid space
Calgary-based utility rejected offer amid tensions between Canada, China
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By ANDREW WILLIS, JEFFREY JONES
Friday, September 6, 2019 – Page B1
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-- Hong Kong-based CK Infrastructure Holdings Ltd., a company backed by one of Asia's wealthiest families, bid $12.4-billion for Inter Pipeline Ltd. this summer, only to see the Calgary-based utility spurn the takeover for reasons that include perceived political risks.  FULL STORY arrow
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CannTrust expected to lose spot on Canada's benchmark index space
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By ANDREW WILLIS
Tuesday, September 3, 2019 – Page B1
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-- CannTrust Holdings Inc. is likely to be dropped from Canada's benchmark stock index this month, the latest setback for a company that was rocked this summer by a Health Canada investigation into unlicensed cannabis production and subsequent executive departures.  FULL STORY arrow
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On Bay Street, companies turn to their own version of an ATM to get cash space
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By ANDREW WILLIS
Monday, September 2, 2019 – Page B1
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-- You and I stop by an ATM to pick up a little cash. An increasing number of Canada's largest companies are starting to hit their own version of an ATM to find the money for their biggest projects.  FULL STORY arrow
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Details emerge in O'Leary boat crash space
Provincial police say both parties involved in last Saturday's fatal collision on Ontario lake called 911 for help
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By ANDREW WILLIS, LAURA STONE, VJOSA ISAI
Saturday, August 31, 2019 – Page A3
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TORONTO TORONTO -- On the Muskoka lakes that form the heart of Ontario's cottage country, most everyone travels by boat between multimilliondollar vacation homes, grocery stores, golf resorts and waterfront bars. Most trips are a summer dream, a chance to skim across the water past granite cliffs and pine forests.  FULL STORY arrow
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RBC, TD case a reminder of need for adult supervision space
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By ANDREW WILLIS
Wednesday, August 28, 2019 – Page B1
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-- With the benefit of hindsight, executives at Royal Bank of Canada and Toronto-Dominion Bank must be kicking themselves for ever letting their currency traders into chat rooms without adult supervision.  FULL STORY arrow
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Just Energy founder faces tough time getting company back on its feet space
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By ANDREW WILLIS
Monday, August 26, 2019 – Page B1
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-- Just Energy Inc. founder Rebecca MacDonald counts some of the country's wealthiest business leaders as friends and supporters of her business. Now, she's trying to turn those relationships into a bailout for the struggling energy retailer.  FULL STORY arrow
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RBC Capital Markets chief to retire after decade of expansion space
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By ANDREW WILLIS
Thursday, August 22, 2019 – Page B1
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-- On Doug McGregor's 11-year watch as chief executive, RBC Capital Markets grew from a regional player into a leading global investment bank, navigating storms that swept away far larger institutions.  FULL STORY arrow
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Expect Richard Baker to raise his HBC bid space
Retailer's executive chairman can leverage his access to a number of real estate groups to help him sweeten his takeover offer
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By ANDREW WILLIS
Tuesday, August 20, 2019 – Page B4
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-- Here are two fearless predictions on the Hudson's Bay Co. takeover battle: Richard Baker and his allies will increase their $1-billion offer for the department store chain, and they will do it with other people's money.  FULL STORY arrow
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Newton Glassman, broken promises and the inglorious exit of Callidus space
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By ANDREW WILLIS
Saturday, August 17, 2019 – Page B4
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-- Newton Glassman has all the trappings of a successful investor. But one of his most prominent investments is a resounding failure.Mr. Glassman unveiled what is likely to be the final stage of a brutal trip through public markets on Friday as Callidus Capital Corp., a lending company that the Toronto-based financier took public at $14 a share five years ago, announced plans to be taken private for 75 cents a share.  FULL STORY arrow
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The BMO connection space
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By ANDREW WILLIS
Thursday, August 15, 2019 – Page A1
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-- B ank of Montreal is never specifically mentioned in the federal Ethics Commissioner's damning report on Prime Minister Justin Trudeau's crusade for SNC-Lavalin, but the institution is now caught up in a scandal that will haunt the federal Liberals in the fall election campaign.  FULL STORY arrow
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Who will take the reins from Pattison? space
As the billionaire looks to add the minority interest of Canfor to his empire, a group of potential successors is emerging
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By ANDREW WILLIS
Tuesday, August 13, 2019 – Page B4
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-- Make no mistake: The public face and driving force at Jim Pattison Group remains the company's 90-year-old founder.However, as Jimmy Pattison vies to add another trophy to his crowded mantelpiece with a $982-million bid for the minority interest in lumber producer Canfor Corp., the supporting cast at the Vancouver-based conglomerate is stepping out of his considerable shadow. And a look at the executives involved in this deal, and other Jim Pattison Group investments, shows who is in the running to lead Canada's secondlargest private company once its irrepressible, but not irreplaceable, leader leaves the stage.  FULL STORY arrow
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U.S. ambassador to step down, return to private sector space
MacNaughton will move to Palantir, company with ties to U.S. immigration agency
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By ANDREW WILLIS, ROBERT FIFE
Friday, August 9, 2019 – Page A1
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TORONTO OTTAWA -- David MacNaughton, who played a critical role in the renegotiation of the North American free-trade agreement, is leaving as Canada's ambassador to the United States to join a Silicon Valley technology company.  FULL STORY arrow
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CannTrust appoints head of committee investigating hidden cannabis space
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By MARK RENDELL, ANDREW WILLIS
Friday, July 19, 2019 – Page B1
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-- The board of CannTrust Holdings Inc. has hired Bay Street law firm McCarthy Tetrault LLP and appointed U.S. sporting goods executive Robert Marcovitch to lead a special committee that is investigating how the company illegally grew 12,700 kilograms of cannabis in unlicensed facilities, and who knew about it.  FULL STORY arrow
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CannTrust probe, sector woes hurt push for U.S. pot legalization, experts say space
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By ANDREW WILLIS
Tuesday, July 16, 2019 – Page B1
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-- Health Canada's investigation into CannTrust Holdings Inc. and other coming-of-age issues in the domestic cannabis industry are becoming roadblocks to legalization of recreational marijuana in the U.S. market, according to industry experts, jeopardizing the growth plans at many Canadian companies.  FULL STORY arrow
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The future is plastics: Murray Edwards, Li Ka-Shing add to oil patch holdings as others flee space
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By ANDREW WILLIS
Tuesday, July 9, 2019 – Page B1
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-- In one of the great contrarian investments of our time, billionaires such as Murray Edwards and Li Ka-Shing are pouring money into Alberta's oil sands.While foreign energy companies were selling their oil sands holdings and investors were purging domestic energy stocks from their portfolios, Mr. Edwards's Canadian Natural Resources Ltd. (CNRL) and Li family-controlled Husky Energy Inc. have increased their stakes in the region.  FULL STORY arrow
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Canada's missed opportunity: Pot industry now being run out of U.S. space
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By ANDREW WILLIS
Thursday, July 4, 2019 – Page B1
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-- $151-million Value of Bruce Linton's shares and options in Canopy based on Tuesday's closing stock price.$323-million Amount Canopy lost in its most recent quarter.26% The decline in the company's stock price since late April.  FULL STORY arrow
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Losses, rising tensions led to Linton's firing space
Constellation's push for more influence over cannabis producer led to clashes over direction of company, sources say
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By JAMESON BERKOW, TIM KILADZE, ANDREW WILLIS
Thursday, July 4, 2019 – Page B1
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-- Bruce Linton, the co-founder of Canopy Growth Corp. and one of the cannabis industry's most prominent executives, is out of a job after months of poor financial results and rising tensions with the company's new owner.  FULL STORY arrow
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Callidus warns of losses amid talks to take company private space
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By ANDREW WILLIS
Wednesday, July 3, 2019 – Page B1
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TORONTO -- Callidus Capital Corp. expects further losses on businesses it owns or loaned money to, a downbeat outlook for the lending company controlled by Newton Glassman as it continues to deal with an offer to take the company private.  FULL STORY arrow
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For Raptors co-owner, another triumph space
Larry Tanenbaum's company sells stake in ONroute chain of highway service centres to a pair of private-equity funds and proves public-private partnerships can work
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By ANDREW WILLIS
Tuesday, July 2, 2019 – Page B1
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-- Larry Tanenbaum had more than an NBA championship to celebrate this spring. The private equity investor and co-owner of the Toronto Raptors just made a significant score with the sale of Ontario's 23 ONroute service centres, and proved that public-private partnerships can work.  FULL STORY arrow
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Peloton Capital takes stake in dental chain in first major deal space
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By ANDREW WILLIS
Thursday, June 27, 2019 – Page B2
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-- Private equity fund Peloton Capital Management is investing $75-million in national chain 123Dentist Inc., the latest financial player to target dentistry as an industry that's ripe for consolidation.  FULL STORY arrow
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Catalyst Capital targets HBC buyout bid space
Fund manager acquires minority stake in retailer, joining list of institutional investors and analysts opposed to $1-billion offer
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By ANDREW WILLIS
Tuesday, June 25, 2019 – Page B1
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-- Fund manager Catalyst Capital Group Inc. acquired a minority stake in Hudson's Bay Co. last week, and plans to oppose a $1billion buyout offer for the retailer led by the company's executive chairman, Richard Baker.  FULL STORY arrow
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Stronach Group bans Hall of Fame trainer after horse dies at race track space
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By ANDREW WILLIS
Monday, June 24, 2019 – Page A1
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-- The Stronach Group banned a Hall of Fame horse trainer after a thoroughbred died at its Santa Anita race track, the 30th fatality this season at a facility that has become a battleground for the future of the sport.  FULL STORY arrow
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BLOOD ON THE TRACK space
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By TAVIA GRANT, ANDREW WILLIS
Saturday, June 22, 2019 – Page B1
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-- The horse-racing industry is at a crisis point.A storied American track is at the centre of the storm.And an epic feud in the Stronach family isn't helping.  FULL STORY arrow
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Horse racing faces an uncertain future after a rash of animal deaths in recent years - and the Stronachs are caught in the middle space
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By TAVIA GRANT, ANDREW WILLIS
Saturday, June 22, 2019 – Page B5
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ARCADIA, CALIF. TORONTO -- IIt's 8:30 am at Clockers' Corner, the bustling coffee spot at the top of the stretch at Santa Anita Park, where jockeys and trainers, agents, owners and racing fans gather to watch the morning workouts.  FULL STORY arrow
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GMP sells capital markets arm to U.S.-based Stifel for $70-million space
Independent investment bank to focus on wealth management as financial sector consolidates
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By ANDREW WILLIS, CLARE O'HARA
Tuesday, June 18, 2019 – Page B1
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-- GMP Capital Inc. is exiting the capital markets business, selling its investment banking arm to U.S. brokerage house Stifel Financial Corp. for approximately $70-million in a dramatic shift for what was once one of Canada's most successful independent investment dealers.  FULL STORY arrow
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Stifel in talks to buy GMP Capital space
St. Louis-based company looks to expand into Canada with acquisition of independent investment bank, sources say
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By ANDREW WILLIS, JEFFREY JONES, NIALL MCGEE
Monday, June 17, 2019 – Page B1
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-- Toronto's GMP Capital Inc. is in talks to be acquired by Stifel Financial Corp., according to sources in the financial sector, in a deal that would see a U.S. company swallow one of the last sizable independent investment banks in Canada.  FULL STORY arrow
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Raptors' owners score big as NBA title adds millions in value to team space
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By ANDREW WILLIS
Saturday, June 15, 2019 – Page B1
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-- When the Ontario Teachers' Pension Plan owned a majority stake in the NBA's Toronto Raptors and parent Maple Leaf Sports and Entertainment Ltd., fund executives bristled at those who accused them of milking the franchise for money, rather than trying to win.  FULL STORY arrow
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For market and Teachers, Baker's property deals are no longer enough space
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By ANDREW WILLIS
Tuesday, June 11, 2019 – Page B1
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-- Richard Baker has shown he sees value in real estate that eludes the rest of us.As the 39th governor of the venerable Hudson's Bay Co., Mr.Baker has tried to find new ways to make a buck at the country's oldest company, which was founded in 1670.  FULL STORY arrow
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Activist investors dig into mining companies for the long haul space
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By ANDREW WILLIS
Monday, June 10, 2019 – Page B1
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-- Activist investors shook up Canada's clubby gold mining industry over the past two years by targeting boards at a dozen companies and winning an impressive number of battles. More campaigns are in the works, and even the largest mining companies may be vulnerable.  FULL STORY arrow
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Ford's desire to get beer into corner stores conflicts with his 'Open for Business' agenda space
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By ANDREW WILLIS
Thursday, June 6, 2019 – Page B5
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-- Ontario Premier Doug Ford's obsession with getting six packs into corner stores is now officially killing his Progressive Conservative government's ''Open for Business'' agenda.The populist Premier picked a fight with the world's biggest brewers last week by threatening to tear up a deal that grants the Beer Store, a 445-outlet chain primarily owned by the foreign brewing giants behind Labatt, Molson and Sleeman, a near-monopoly on retail beer sales.  FULL STORY arrow
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DHX Media receives 'unusual' bid from Indian auto company space
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By ANDREW WILLIS
Wednesday, June 5, 2019 – Page B2
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-- An auto-parts company from India is making an unsolicited and unusual takeover overture for TV production company DHX Media Ltd., saying it is offering to buy the owner of the Peanuts and Teletubbies brands at a 300-percent premium to where its stock was trading.  FULL STORY arrow
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COURTSIDE AT THE 2019 NBA FINALS space
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By ANDREW WILLIS, MEGAN DEVLIN
Monday, June 3, 2019 – Page A8
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TORONTO -- For a basketball connoisseur like NBA commissioner Adam Silver, the best seats in Scotiabank Arena are a few rows back from the court, where he's just high enough in the stands to take in all the action as the Raptors play for their first championship.  FULL STORY arrow
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Analysts stand by Corus despite recent hiccups space
Viewership dip amid NBA Finals, last week's share sale seen as minor bumps ahead of company's third-quarter results at end of June
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By ANDREW WILLIS
Monday, June 3, 2019 – Page B5
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-- Analysts see better days ahead for Corus Entertainment Inc. as the company bounces back from a poorly received share sale last month and a temporary loss in viewers and advertisers to Toronto Raptors playoff games on rival networks.  FULL STORY arrow
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Who's cashing in on the Raptors space
After 24 years, Toronto has made the NBA Finals. It's a moment that marks a new apex for basketball in Canada - and the team's brand
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By SUSAN KRASHINSKY ROBERTSON, JAMES BRADSHAW, ANDREW WILLIS
Saturday, June 1, 2019 – Page B6
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-- If a puck drops in St. Louis - and the only Canadian team left in the spring postseason wears sneakers instead of skates - does it make a sound?Well, yes, but it's drowned out by the euphoric rumpus of Toronto Raptors fans, both the long-suffering and the newly minted. Deep down, hockey is still intrinsic to Canada's DNA.  FULL STORY arrow
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Oil-loving banks must reckon with the future space
CEOs' support for energy projects will be unable to withstand investors' push for better climate initiatives
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By ANDREW WILLIS
Saturday, June 1, 2019 – Page B4
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-- At first glance, Canada's big banks look to be solidly behind the country's major energy companies when it comes to exploiting the massive reserves locked up in Alberta's oil sands.  FULL STORY arrow
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Moneyball: How corporate Canada is cashing in on the Raptors' stunning success space
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By SUSAN KRASHINSKY ROBERTSON, JAMES BRADSHAW, ANDREW WILLIS
Saturday, June 1, 2019 – Page B1
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-- The Toronto Raptors' run to the NBA Finals is a marketer's dream, as young, diverse fans celebrate across the country.Companies that hitched themselves to the team are reaping the rewards, while rivals sit on the bench.  FULL STORY arrow
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Ford takes on beer industry with bill that paves way for corner-store sales space
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By JEFF GRAY, ANDREW WILLIS
Tuesday, May 28, 2019 – Page A1
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TORONTO -- Ontario Premier Doug Ford is tearing up a deal with the big-brewery-owned Beer Store retail chain to avoid having the province pay hundreds of millions in penalties as he seeks to fulfill a campaign promise to allow beer and wine sales in corner stores.  FULL STORY arrow
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CMHC boss takes aim at big banks for 'cavalier' mortgage lending space
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By ANDREW WILLIS
Monday, May 27, 2019 – Page B1
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-- Evan Siddall, the guy who backstops $448billion in mortgages for Canadian homeowners, is calling out the big banks for what he calls irresponsible behaviour that's fuelling a highly leveraged residential real estate market.  FULL STORY arrow
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Remaking Scotiabank Brian Porter is making big changes, but will investors buy in? space
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By JAMES BRADSHAW, ANDREW WILLIS
Saturday, May 25, 2019 – Page B6
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-- In 2014, shortly after taking over as chief executive officer at Bank of Nova Scotia, Brian Porter took 150 or so of the bank's most senior executives to the Sheraton in Toronto for an off-site strategy session. The presentation included a slide that listed the words staff most closely associated with working for the country's thirdlargest bank.  FULL STORY arrow
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The Scotiabank remake space
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By JAMES BRADSHAW, ANDREW WILLIS
Saturday, May 25, 2019 – Page B1
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-- At Bank of Nova Scotia, Brian Porter has upended a cozy culture, pushed out long-time executives, spent billions on new acquisitions and dumped parts of its much-touted international division. Now if only the stock market would buy his plan. James Bradshaw and Andrew Willis report B6  FULL STORY arrow
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Banks expected to lose millions after Corus deal fails to sell space
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By ALEXANDRA POSADZKI, TIM KILADZE, ANDREW WILLIS
Friday, May 24, 2019 – Page B1
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-- A syndicate of investment banks is expected to lose tens of millions of dollars after repricing a secondary offering of Corus Entertainment shares due to lowerthan-expected demand.The syndicate of underwriters, led by TD Securities, has repriced the offering of Class B Corus shares to $6.25 each, down from $6.80, according to people familiar with the matter and documents obtained by The Globe and Mail.  FULL STORY arrow
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Changes to Canada's airline industry are good for business travellers - and bad for the rest space
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By ANDREW WILLIS
Saturday, May 18, 2019 – Page B1
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-- Canada's two largest carriers are remaking the country's airline industry and the wheeling and dealing isn't expected to stop until there's a new owner for Porter Airlines Inc.  FULL STORY arrow
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BMO chops 100 capital markets jobs as part of cost-cutting space
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By JAMES BRADSHAW, ANDREW WILLIS
Friday, May 17, 2019 – Page B1
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-- Bank of Montreal is trimming the ranks of its capital-markets arm, eliminating approximately 100 jobs as the bank continues to hunt for ways to control its costs.The job cuts were announced internally over the course of a few days this week, according to sources who were granted anonymity by The Globe and Mail because they were not authorized to discuss the changes. The job losses span a range of divisions and seniority levels in Canada and the United States, as well as in other countries where BMO does business.  FULL STORY arrow
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Corus shares sink after Shaw sells its stake space
Telecom's move is part of strategic shift to focus on wireless, cable businesses
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By ANDREW WILLIS
Thursday, May 16, 2019 – Page B2
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-- Investors gave a cold reception to the $548-million sale of Corus Entertainment Inc. stock, knocking back the stock price by 17 per cent on Wednesday, a day after Shaw Communications Inc. cut ties with the Toronto-based broadcaster.  FULL STORY arrow
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Shaw resorts to secondary offering to sell Corus stake after failing to find a single buyer space
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By TIM KILADZE, ANDREW WILLIS
Wednesday, May 15, 2019 – Page B1
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-- Shaw Communications Inc. is unloading its 38.6-per-cent stake in Corus Entertainment Inc. in a $548million share sale, after struggling to sell the position to a single buyer last year.  FULL STORY arrow
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Fox Corp.'s 'insanely simple' bet on sports wagering space
U.S. media mogul Murdoch sees gambling as the next big wave in the industry, and he's taking Canada's Stars Group along for the ride
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By ANDREW WILLIS
Saturday, May 11, 2019 – Page B3
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-- Rupert Murdoch unveiled his vision of the future of entertainment this week, and it was tied to the potential of Canada's largest online gambling company.In what the 88-year-old media mogul described as a strategic ''pivot'' for Fox Corp., the global media company, Mr. Murdoch announced a U.S. sports wagering platform called Fox Bet on Thursday in partnership with Toronto-based Stars Group Inc., best known as owner of the PokerStars website.  FULL STORY arrow
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Ontario to gain an extra $13-million a year after Hydro One increases dividend payment space
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By ANDREW WILLIS
Friday, May 10, 2019 – Page B1
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-- At Hydro One Ltd.'s last annual meeting, Progressive Conservative candidate Doug Ford joined protesters on the sidewalk outside the gathering to attack the utility's CEO and his $6-million pay package.  FULL STORY arrow
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Ferrovial, CPPIB expected to match bid for SNC's stake in 407 space
Toll road's consistent financial results appeal to institutional investors as they seek alternatives to fixed-income assests such as infrastructure
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By ANDREW WILLIS
Friday, May 3, 2019 – Page B2
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-- Spain's largest construction company and Canada's biggest pension plan are expected to increase their stakes in Ontario's Highway 407 by matching a $3.25-billion offer for SNC-Lavalin Group Inc.'s holding in the toll road, a move that demonstrates the value of infrastructure to institutional investors.  FULL STORY arrow
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Another cannabis deal, another billionaire investor involved with both companies space
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By ANDREW WILLIS
Thursday, May 2, 2019 – Page B6
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-- One of the largest U.S. East Coast cannabis retailers, Curaleaf Holdings Inc., plans to acquire the leading West Coast cannabis-oil producer for $1.27-billion in a deal that features a billionaire investor on both sides of the table and minimal opportunities for independent scrutiny of the takeover.  FULL STORY arrow
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Macquarie's retreat signals a streamlining of investment banking space
The Australian firm's Canadian restructuring is a wake-up call not only for small-cap companies that look to independent dealers for funding, but for the capital-raising community as a whole
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By ANDREW WILLIS
Tuesday, April 30, 2019 – Page B4
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-- Australia's largest investment bank, Macquarie Group Ltd., spent $350million over more than a decade building a brokerage house that was intended to be a force in Canadian capital markets.  FULL STORY arrow
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THE A TEAM space
RBC Capital Markets is becoming the New England Patriots of Bay Street--increasingly, it's them versus all the other investment dealers
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By ANDREW WILLIS
Friday, April 26, 2019 – Page P27
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-- It's time to acknowledge that when it comes to investment banking, RBC Capital Markets is playing in a different league than its Canadian rivals. The deal-making arm of Royal Bank of Canada churned out $8.4 billion in revenue last year, almost as much as its second- and thirdranked domestic competitors put together. In the same way it seems preordained that football's New England Patriots will be Super Bowl favourites every year, it now appears certain that RBC Capital Markets will make far more money than any other Bay Street dealer.  FULL STORY arrow
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Aritzia's new take on share buybacks inspires First Capital Realty to help shareholder unload $1.2-billion stake space
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By ANDREW WILLIS
Monday, April 15, 2019 – Page B2
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TORONTO -- The new spring lines from fashion retailer Aritzia Inc. feature a floral-pattern Sunday Best Cropsey Romper that rivals may knock off, along with an innovative $437-million deal for a long-time backer that Bay Street bankers are already emulating.  FULL STORY arrow
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Dear dairy: Saputo may be eyeing a risky move space
Analysts say Montreal company is looking at U.S. milk producer Dean Foods, but they warn a takeover may be poorly received
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By ANDREW WILLIS
Saturday, April 13, 2019 – Page B6
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-- Lino Saputo Jr. and his father have built one of the world's largest dairy companies with a string of more than 30 successful acquisitions. The 52-yearold CEO's next takeover may be his toughest challenge to date.  FULL STORY arrow
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Maple Leaf invests in plant-based products as tastes change space
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By ANDREW WILLIS
Tuesday, April 9, 2019 – Page B1
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-- Maple Leaf Foods Inc. announced plans on Monday to spend US$336-million on factories to produce plant-based protein products as part of a strategy to ensure shoppers buy the company's burgers, whether they are made from beef or tofu.  FULL STORY arrow
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Canada's first-mover advantage in the cannabis sector is going up in smoke space
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By ANDREW WILLIS
Saturday, April 6, 2019 – Page B8
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-- One short year ago, Canada could proudly claim to be a world leader in cannabis. The federal Liberal government's decision to legalize recreational marijuana sparked a new industry and a string of public market debuts. The 10 largest cannabis companies in the world called this country home.  FULL STORY arrow
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Knight fight: Goodman fires back in escalating battle for Montreal pharmaceutical company space
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By ANDREW WILLIS
Friday, April 5, 2019 – Page B1
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-- Knight Therapeutics Inc. took aim at a dissident shareholder's financial issues and ''self-interested'' motives on Thursday as the fight for control of the $1-billion Montreal-based drug company grows increasingly bitter.  FULL STORY arrow
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Israeli drug maker fights for control of board at Knight Therapeutics space
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By ANDREW WILLIS
Monday, April 1, 2019 – Page B1
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-- The largest shareholder in Knight Therapeutics Inc.plans to launch a proxy fight Monday for control of the $1-billion drug company, following a year-long activist campaign against Canadian pharmaceutical entrepreneur Jonathan Goodman.  FULL STORY arrow
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AIG exits Canadian home, auto insurance market amid industry shakeout space
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By ANDREW WILLIS
Friday, March 29, 2019 – Page B1
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-- AIG Insurance Co. of Canada is quietly exiting the domestic home and auto insurance business, the latest player to quit the domestic market amid a consolidation trend that's contributing to a rise in insurance rates.  FULL STORY arrow
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Hydro One appoints B.C. utility executive Mark Poweska for top job space
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By ANDREW WILLIS
Friday, March 29, 2019 – Page B1
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-- Hydro One Inc. concluded its bruising eight-month search for a new leader on Thursday by announcing B.C. Hydro executive Mark Poweska is the utility's new president and CEO.  FULL STORY arrow
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HOOPP head's impending exit has two pension plans seeking CEOs space
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By ANDREW WILLIS
Thursday, March 28, 2019 – Page B2
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-- Healthcare of Ontario Pension Plan chief executive Jim Keohane announced Wednesday that he is retiring next year, leaving two of Canada's largest pension funds looking for new leaders after OPTrust launched a search for a new head last week.  FULL STORY arrow
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A storm brews at Richardson GMP amid three conflicting views for its future space
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By ANDREW WILLIS
Wednesday, March 27, 2019 – Page B1
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-- Wealth manager Richardson GMP Ltd. is a dormant volcano these days, with only the occasional puff of smoke, in the form of a few employee departures, to signal the pressure that's building within a firm that manages $27.4-billion.  FULL STORY arrow
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Canadian CEOs look abroad for investment as confidence sags in leadership at home space
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By ANDREW WILLIS
Monday, March 25, 2019 – Page B1
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-- Conservative Leader Andrew Scheer and Liberal Finance Minister Bill Morneau trudged through an Ottawa blizzard last month to pitch their respective platforms to an audience of Canadian chief executives. The chill in the room matched the temperature outside, and helps explain why the country's business leaders are increasing their investments outside Canada.  FULL STORY arrow
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Onex to buy wealth manager Gluskin Sheff in $445-million deal space
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By DAVID MILSTEAD, ANDREW WILLIS
Saturday, March 23, 2019 – Page B1
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-- Private-equity firm Onex Corp. is buying Gluskin Sheff + Associates Inc., one of Canada's last remaining independent wealth managers, in a $445million deal.The Onex offer of $14.25 a share represents a 28-per-cent premium to Friday's closing price of $11.17, but Gluskin Sheff is agreeing to be sold at less than half its peak value of early 2014.  FULL STORY arrow
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Economical Mutual Insurance moves closer to IPO space
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By CLARE O'HARA, ANDREW WILLIS
Friday, March 22, 2019 – Page B2
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-- Economical Mutual Insurance Co. is one step closer to a proposed $1.9-billion initial public offering after a first group of policyholders voted 99 per cent in favour of the insurer's demutualization plans.  FULL STORY arrow
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SNC never claimed jobs were at risk, CEO says space
Neil Bruce says company did not cite economic reasons for settlement of corruption charges, contradicting government officials
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By NICOLAS VAN PRAET, ANDREW WILLIS
Thursday, March 21, 2019 – Page A1
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-- SNC-Lavalin Group Inc. says it did not cite job losses as a reason to be granted a settlement in its criminal corruption trial and did not threaten to move its head office out of Canada if prosecutors refused to agree to such a deal, undermining two key assertions from federal officials in the weeks-long controversy.  FULL STORY arrow
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SNC's Neil Bruce says 'we need to move on' from corruption controversy as he rebuilds business space
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By ANDREW WILLIS
Thursday, March 21, 2019 – Page B1
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-- A big part of Neil Bruce's job lately has been sitting down with clients of SNC-Lavalin Group Inc. to find out why his company lost out on multibillion-dollar engineering contracts.  FULL STORY arrow
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Timbercreek launches second Irish property fund amid Brexit chaos space
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By ANDREW WILLIS
Monday, March 18, 2019 – Page B1
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-- Canadian real estate fund Timbercreek Investment Management Inc. is launching its second Irish property fund to take advantage of the Brexit chaos, which is driving companies out of the United Kingdom and into cities such as Dublin.  FULL STORY arrow
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Callidus interim CEO resigns weeks before year-end results space
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By ANDREW WILLIS, JEFFREY JONES
Tuesday, March 12, 2019 – Page B1
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-- The interim chief executive officer of alternative lender Callidus Capital Corp. has resigned without explanation, less than five months after signing on and weeks before the company is due to report year-end results.  FULL STORY arrow
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Catalyst tries again with Gateway IPO amid pressure to cash in some of funds' holdings space
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By ANDREW WILLIS, JEFFREY JONES
Monday, March 11, 2019 – Page B1
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-- President Donald Trump, a former casino owner, may have done Gateway Casinos and Entertainment Ltd. a favour by shutting down the U.S. federal government in late December.Burnaby, B.C.-based Gateway announced plans to go public on the New York Stock Exchange in late November, initially targeting the sale of US$100-million in shares. The casino company, owned by financier Newton Glassman's private equity firm, Catalyst Capital Group Inc., quickly hit two roadblocks. First, equity markets went into a tailspin in December.  FULL STORY arrow
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In the face of skepticism, Enbridge's CEO continues his charm offensive space
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By ANDREW WILLIS
Tuesday, March 5, 2019 – Page B4
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-- Like a politician out knocking on doors in search of votes, Enbridge Inc. CEO Al Monaco is working the rubberchicken circuit in search of public support for new pipelines.And like any aspiring candidate, the veteran utility executive is getting doors slammed in his face as he tries to find new ways to move Alberta oil to global markets.  FULL STORY arrow
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Will Hydro One be Ford's version of gas plant mess? space
Ontario government is throwing away money by meddling in publicly traded utility to score partisan political points
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By ANDREW WILLIS
Monday, March 4, 2019 – Page B2
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-- Former Ontario premier Dalton McGuinty's reputation was tarnished by his government's mishandling of the province's electricity market. His politically motivated decision to cancel development of two gasfired power plants turned into a $1.1-billion boondoggle.  FULL STORY arrow
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Justice, jobs and SNC-Lavalin space
The Trudeau government may want to protect the company from prosecution to preserve jobs. But SNC is already a much smaller employer than it used to be
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By NICOLAS VAN PRAET, ANDREW WILLIS
Saturday, March 2, 2019 – Page B6
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-- When Canada went to war in Afghanistan in 2001, the federal government turned to SNCLavalin Group Inc. to set up a base for its troops.The Montreal-based engineering and construction firm provided logistics support and built the Camp Julien military base on a rubble-strewn stretch of land on the western edge of Kabul. Working under the constant threat of attack near homes shattered by previous conflict, they set up everything the Canadian army would need: Sewage system, power supply, dining and washing facilities, a helicopter pad and a makeshift hockey rink.  FULL STORY arrow
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JUSTICE, JOBS AND SNC-LAVALIN space
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By NICOLAS VAN PRAET, ANDREW WILLIS
Saturday, March 2, 2019 – Page B1
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-- Prime Minister Justin Trudeau has landed in hot water for his government's efforts to protect the engineering giant from a criminal trial. His defenders say he's trying to protect thousands of jobs. The economic facts are more complicated.  FULL STORY arrow
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Canaccord head of research to retire in March space
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By ANDREW WILLIS
Monday, February 25, 2019 – Page B6
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-- A changing of the guard is coming in the research team at Canaccord Genuity Group Inc. as long-time telecom analyst and department head Dvai Ghose steps down at the end of March and cannabis analyst Derek Dley becomes head of the investment bank's Canadian research group.  FULL STORY arrow
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For Economical owners, windfall from planned IPO continues to shrink space
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By CLARE O'HARA, ANDREW WILLIS
Tuesday, February 19, 2019 – Page B1
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-- For a handful of its clients, the planned public-market debut of Economical Mutual Insurance Co. is a long-promised lottery win that keeps shrinking in size.Economical is the country's eighth-largest auto and home insurer, with an estimated value of up to $1.9-billion. The Waterloo, Ont.-based company, founded in 1871, has spent the past nine years on an occasionally dramatic journey toward an initial public offering; at one stage, the company parted ways with its chief financial officer over allegations he leaked confidential information on the IPO.  FULL STORY arrow
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Toronto investment bank Infor prepares for wave of corporate credit restructurings space
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By ANDREW WILLIS
Monday, February 18, 2019 – Page B2
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-- Infor Financial Inc. sees trouble brewing in the corporate credit market.In a contrarian move, the Toronto investment bank recently launched a restructuring business to advise financially distressed companies.It's rare to see a business run into credit difficulties these days, as interest rates remain low by historic standards and corporations enjoy easy access to debt. But Infor is betting North America's decade-long credit-fuelled party is about to end and a nasty hangover is coming.  FULL STORY arrow
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Frank Stronach's granddaughter joins family feud, files suit against aunt Belinda space
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By ANDREW WILLIS
Thursday, February 14, 2019 – Page A1
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-- The youngest member of the Stronach clan has added another strand to a web of lawsuits over control of the family fortune, as 18-year-old Selena Stronach went to court last week with a suit aimed at maintaining a jet-set lifestyle and limiting the role of her aunt Belinda Stronach, who is currently running the family's billion-dollar horse-racing, real-estate and farming business.  FULL STORY arrow
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Anson Advisors urges TSX to scrutinize planned Acasta debt-for-equity swap space
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By ANDREW WILLIS
Wednesday, February 13, 2019 – Page B3
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-- Hedge-fund manager Anson Advisors Inc. is asking the Toronto Stock Exchange to intervene in a planned refinancing of troubled Acasta Enterprises Inc. by the company's newly minted co-CEOs.  FULL STORY arrow
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The Bay Street fumble: $500,000 Super Bowl pot goes missing space
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By TIM KILADZE, ANDREW WILLIS
Monday, February 11, 2019 – Page A1
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-- Two days before the game, word started to spread: The pot had gone missing.Every year around the Super Bowl, Bay Street stock traders and their friends participate in a high-stakes pool.  FULL STORY arrow
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Court places Mike Weir Wine in receivership space
The failed winery owes more than $6-million, including $2.2-million to its namesake
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By DAVID EBNER, ANDREW WILLIS
Tuesday, February 5, 2019 – Page B2
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-- Golfer Mike Weir and broadcaster Bob McCown, two of the bestknown names in Canadian sports, are in a court battle over Mike Weir Wine Inc., a failed winery.Mr. McCown, who hosts the afternoon drive-time radio show Prime Time Sports in Toronto, owns the winery - and the winery owes Mr. Weir $2.2-million.  FULL STORY arrow
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Economical's IPO value: up to $1.9-billion space
Waterloo, Ont., insurer to hold March 20 meet to allow owners to vote on going public as part of demutualization
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By ANDREW WILLIS
Saturday, February 2, 2019 – Page B2
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-- Following in the footsteps of Canada's largest insurers, 148-yearold Economical Mutual Insurance Co. is moving forward with an initial public offering that is expected to value the Waterloo, Ont.-based company at up to $1.9billion.  FULL STORY arrow
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Telus, BCE need to prepare for a 5G future without Huawei space
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By ANDREW WILLIS
Wednesday, January 30, 2019 – Page B1
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-- You don't need a crystal ball to predict where the Canadian government is going to come down on who should build the country's 5G wireless networks. Or rather, who shouldn't.  FULL STORY arrow
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For SNC, Saudi writedown is the cost of Ottawa's public diplomacy space
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By ANDREW WILLIS
Tuesday, January 29, 2019 – Page B1
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-- For most Canadians, television footage of 18-year-old Saudi asylum seeker Rahaf Mohammed walking through Toronto's airport on the arm of Foreign Affairs Minister Chrystia Freeland was a feel-good moment.  FULL STORY arrow
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Hydro One scraps planned $4.4-billion takeover of Avista space
Utility to pay $103-million breakup fee after perceived interference from Ontario's PC government
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By ANDREW WILLIS
Thursday, January 24, 2019 – Page B1
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-- Hydro One Ltd. formally called off its planned $4.4-billion takeover of Avista Corp. on Wednesday and will pay the U.S.utility a US$103-million termination fee for a deal that failed due to perceived political interference from Ontario's Progressive Conservative government.  FULL STORY arrow
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Stronach's court fight threatens to put his legacy on the ropes space
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By ANDREW WILLIS
Wednesday, January 23, 2019 – Page B1
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-- Like a boxer who has stepped into the ring too many times, entrepreneur Frank Stronach is seeing his business reputation take a pounding in an increasingly nasty courtroom battle with his daughter and her allies for control of the family's fortune.  FULL STORY arrow
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Stronach's ventures lost $800-million, daughter alleges in court filing space
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By ANDREW WILLIS
Tuesday, January 22, 2019 – Page A1
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-- Industrialist Frank Stronach is alleged to have lost $800million on several misguided investments, a track record that daughter Belinda Stronach says should prevent the 86-year-old from taking back control of the businesses he built over a lifetime.  FULL STORY arrow
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Complete Index of Today's Print Headlines
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