Entries tagged "Canada"

Opti Canada secures financing

Oil company Opti Canada has secured $425 million in financing, which it hopes will carry it through its strategic review.

A DIP thaw in Canada

With Canadian bankruptcy filings on the rise, two of the country's notable lenders are raising a $924 million fund to provide debtor-in-possession financing Canadian debtors.

Canadian VCs seek homegrown tech rebirth

With Nortel Networks being broken up and sold off, the Canadian venture capital industry wants the government to form an advisory panel to help redevelop the tech sector.

Another week, another alleged Ponzi scheme

Bertram Earl Jones, a missing Canadian financial adviser, may be joining the likes of Madoff, Sanford and Dreier.

Ontario rewards I Love Rewards

The Ontario government's VC fund is investing $1.6 million in I Love Rewards, a Toronto company dedicated to creating employee incentive programs.

Canadian legends seal landmark deals

It was a landmark weekend for Canadian legends as the Montreal Canadiens were reunited with the Molson Family and Nortel Networks admitted it will never come back.

Analysts cheer Aura's $200M purchase

Aura Minerals shares have risen 43% since it agreed to buy three unwanted gold mines from larger rival Yamana Gold.

Nortel CEO won't testify in Ottawa

Canada's Parliament wants to know why Nortel's executives are getting bonuses while it cuts pension payments and withholds severance.

Canadian M&A hits six-year low

Despite the relative health of its economy, Canada's M&A activity fell to a six-year low in the first quarter of 2009.

Canada's banks may have difficult second half

Canada's banks may be considered the best in the world right now, but they are sailing into headwinds that could give analysts and investors pause.

Omers to increase VC funding

With Canada worried about the future of its venture capital industry, Omers Administration, one of the country's largest pension funds, said it would raise its VC funds to as much as 3% of capital.

CVCA foresees buyout recovery in 2nd half

Gregory Smith, the president of the Canadian Venture Capital Association, says he is optimistic about buyouts in Canada as the industry raised about $18 billion between 2006 and 2008.

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