company

Pipeline company TC Energy prepares for $5-billion asset sales

As TC Energy Corp. TRP-T prepares to unload C$5-billion (US$3.7-billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business. Chief executive Francois Poirier cleared up any ambiguities this week when asked how much of TC’s portfolio is in the shop window. …

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Saputo stock tumbles after short-seller targets company

A prominent US short-seller targeted Canadian dairy giant Saputo Inc., SAP-T sending the company’s shares falling Tuesday. Spruce Point Capital Management LLC released a 147-page report attacking Saputo Tuesday morning. In it, Spruce Point questioned the success of Saputo’s acquisitions and said it thinks a tough global market for milk consumption means the company will …

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Shaw CEO questioned over motives for selling his family business to Rogers

Brad Shaw, the CEO and executive chair of Shaw Communications Inc., appears before a CRTC hearing in Gatineau, Que., on Nov. 22, 2021.Dave Chan/The Globe and Mail A Competition Bureau lawyer grilled Brad Shaw, the CEO and executive chair of Shaw Communications Inc., SJR-BT about the roughly $2.3-billion his family stands to receive if their …

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Canadian miner New Gold abruptly cuts ties with CEO Renaud Adams and offers no explanation

Canadian gold miner New Gold Inc. NGD-T has unexpectedly cut ties with its chief executive officer of more than four years and is providing no explanation for his exit. Toronto-based New Gold said Wednesday that Renaud Adams, who’d been in the role since September, 2018, has stepped down as both CEO and a board member. …

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Alternative mortgage lender Home Capital to be bought by Smith Financial for $1.7-billion

A company controlled by billionaire financier Stephen Smith has reached a deal to acquire alternative mortgage lender Home Capital Group Inc. HCG-T for $44 per share in cash, for a purchase price of nearly $1.7-billion. The offer from a subsidiary of Smith Financial Corp., which already owns 9.1 per cent of Home Capital, represents a …

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Elon Musk asks Twitter engineers to fly to San Francisco for in-person meetings

Elon Musk e-mailed Twitter TWTR-N staff on Friday asking that any employees who write software code report to the 10th floor of the office in San Francisco early afternoon, according to an e-mail reviewed by Reuters. The billionaire said in a follow-up e-mail, “If possible, I would appreciate it if you could fly to SF …

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A new 3.49% six-month mortgage is launching soon. Should you get it?

Many mortgage shoppers are by and large still choosing variable or short-term fixed rates, hoping they can reset their rate lower in 12-24 months.Sean Kilpatrick/The Canadian Press Most in the mortgage industry believe that interest rates will be lower by the end of next year. And the bond market agrees. It’s pricing in a Bank …

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Opinion: At Burger King and Tim Hortons’ parent company, the only winners are lavishly paid executives

The parent company of Tim Hortons’ is offering its new executive chair a package of stock options and shares that could potentially be worth nearly US$400-million.Sean Kilpatrick/The Canadian Press I ate at a Burger King in rural Montana earlier this fall. The wait to order was long. My burger was overcooked. My mother got the …

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Elon Musk tells Twitter staff to either opt in for ‘intensity’ or take severance package

Elon Musk sent a message to Twitter Inc TWTR-N staff telling them they had until Thursday to decide whether they wanted to stay on the company to work “long hours at high intensity” or take a severance package of three months pay. Musk told Twitter employees that anyone who had not clicked on a link …

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