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GMP Capital loses two key mining bankers

Independent investment bank GMP Capital Inc. has lost two of its key mining bankers.The Toronto-based seller announced late on Monday that Doug Bell, vice-chairman, investment banking, and a named executive officer with the company, is leaving to start his own company. Mr. Bell was with GMP for eight decades.A GMP spokesperson also confirmed on Tuesday that Ron D'Ambrosio, a managing director in the mining industry since 2010, has left the firm. Sources Read more [...]

Buying online advertisements to boost Christmas sales? It’ll cost you

As your company's marketing plans start to revolve around the holidays, you might want to add social and digital media to the mix. Surely, the audience is not there. But so, regrettably, are increased costs.Just about all social media advertising, like Facebook ads or Google ads, operate within an auction system. The more other brands jump in with their own advertisements (since they do during the holidays), the greater everyone's costs will be. The exact ads you're getting in the summer for Read more [...]

Streetwise newsletter: Aurora goes hostile for CanniMed; BMO names first chief digital officer

Aurora Cannabis Inc. says it is forging ahead with plans to establish a hostile takeover bid to acquire CanniMed Therapeutics Inc., a move that would create Canada's second-largest medical-cannabis firm behind Canopy Growth Corp.. Christina Pellegrini (readers)Bank of Montreal has carved out a new role to direct its electronic modernization and plucked a senior executive from U.S. bank Wells Fargo amp; Co. to fill it. James Bradshaw (readers)Fallen Vancouver tech celebrity BuildDirect.com Technologies Read more [...]

Streetwise newsletter: Last week’s best reads: Aphria, Ivanhoé Cambridge

Best of the WeekAphria defiant amid possible ban from TSXThe stalemate between Canada's largest stock market and its largest publicly listed cannabis firm with assets in the USA shows no signs of lifting any time soon. Christina Pellegrini (readers) Ivanhoé Cambridge attempts to sell stakes in major malls in Toronto, Calgary, Greater VancouverIvanhoé Cambridge is attempting to sell its stakes in three Canadian malls -- a deal that could be worth more Read more [...]

Aphria defiant amid possible ban from TSX

The stalemate between Canada's largest stock market and its largest publicly listed cannabis firm with assets in the USA shows no signs of lifting any time soon.A month ago, the Toronto Stock Exchange (TSX) said it would prohibit shares of bud firms found to be in breach of U.S. federal drug law from its own market. It intends to initiate a sector-wide inspection by the end of the year, however, has yet to publicly lay out how it will apply its own policy.Canadian grower Aphria Inc., whose stock Read more [...]

Streetwise newsletter: Home Capital’s struggles; Element AI to advise Korean Finance

Recovering mortgage lender Home Capital Group Inc. returned to profitability in the third quarter but fought to issue enough new house loans as it undertakes a quick overhaul of its business. James BradshawDAILY DEALSCanniMed Therapeutics Inc. is urging shareholders to wait until the business has time to review an unsolicited takeover offer by Aurora Cannabis Inc. before doing anything. Canadian oil manufacturer Cenovus Energy Inc has put a bundle of some Read more [...]

PayPal ordered to provide CRA with information about Company accounts

PayPal has been arranged to offer the Canada Revenue Agency with information regarding its business account holders, as taxation officers search for companies that don't report their income.The business says a Federal Court order requires it to provide information regarding business accounts that received or received a payment between Jan. 1, 2014, and Nov. 10, 2017.It's not required to offer information regarding customers who have private PayPal accounts. Read more [...]

Streetwise newsletter: Marijuana SPAC eyes Neo listing, Glencore-Teachers deal will see new mining royalty company

An investment vehicle devoted to the budding legal cannabis industry is looking to go public in Canada on the Aequitas Neo Exchange Inc. and increase $125-million (Christina Pellegrini, for readers)DAILY DEALSGlencore PLC is close to finalizing a $700-million (U.S.) deal with the Ontario Teachers' Pension Plan to create a new base-metals royalty company, according to people knowledgeable about the matter. Poshmark, which offers an online marketplace to buy and sell trend products, announced Read more [...]

Ottawa, Ontario proceed to create peace with little business. Is it enough?

The Ontario and federal Liberals are discovering that, once lost, the love of small-business owners is hard to win back.But they are trying.Ontario Finance Minister Charles Sousa declared Tuesday in his autumn fiscal update that the government will cut the small-business tax rate by a percentage point, to 3.5 percent, on Jan. 1. Additionally, it will roll out $500-million in new programs for smaller businesses. It's no denying that this bundle of goodies Read more [...]

Amid rising protectionism, BMO places bet on trade finance

Global trade winds may be blustery, but that hasn't stopped Bank of Montreal from dropping anchor in Singapore to pursue new business. With its deep harbour and sophisticated port, Singapore is the gateway to a rich corridor for worldwide trade, and BMO has been mulling an investment to build out its capabilities in the Southeast Asian hub for at least four years. But it was only in the past year that the plan turned serious. Offices such as the one BMO has been building in Singapore serve Read more [...]