The Richmont gold bargain: A sign of things to come?

In mining circles, the Ontario town of Wawa on the shores of Lake Superior is suddenly a popular place to conduct business.Wawa, home to 3,000 souls and a huge Canada Goose sculpture, is the nearest place to purchase groceries if you work in the Island Gold mine, a property which has yielded 430,000 ounces of gold for owner Richmont Mines Inc. and holds something similar to another 1.7 million ounces of the precious metal.Proven reserves in politically stable authorities are near the top of the Read more [...]

Morneau vs. business: How Ottawa created its tax  Problems

The tax-avoidance quagmire that federal Finance Minister Bill Morneau would like to clean up via suggested small-business tax changes is one Ottawa helped produce -- over four decades ago, when another Trudeau was primenbsp;minister.Prime Minister Justin Trudeau was just a couple of days old when a broad package of tax reforms enacted by the authorities of his father, Pierre Trudeau, took effect on Jan. 1, 1972. While small companies had received tax breaks before, the 1972 tax reforms instituted Read more [...]

Streetwise newsletter: The week’s best reads: Roots, Teachers, National Bank

Gearing up for IPO, Roots could only hope for flight route like Canada GooseThere is a powerful sense of déjà vu in studying the Roots Corp. initial public offering prospectus. A clearly Canadian apparel company that calls itself a "lifestyle brand" that says it is "successfully exporting our legacy worldwide," with strong domestic sales and chances for U.S. and global expansion. Teachers' European airport gets new pension investor Ontario Teachers' Pension Plan is Read more [...]

Morneau vs. business: How Ottawa created its tax  Problems

The tax-avoidance quagmire that federal Finance Minister Bill Morneau would like to clean up via suggested small-business tax changes is one Ottawa helped produce -- over four decades ago, when another Trudeau was primenbsp;minister.Prime Minister Justin Trudeau was just a couple of days old when a broad package of tax reforms enacted by the authorities of his father, Pierre Trudeau, took effect on Jan. 1, 1972. While small companies had received tax breaks before, the 1972 tax reforms instituted Read more [...]

Streetwise newsletter: Teachers’ European airport investment; Roots files for IPO

Ontario Teachers' Pension Plan is becoming a new partner in its investment in a developing European airport that's in the middle of an expansion. (Jacqueline Nelson) The recent statements by two national law firms that senior executives in PricewaterhouseCoopers and KPMG Canada are joining them in key strategic roles is telling signs that traditionalists are finally enjoying the degree to which the Big Four accounting firms have reset their sights on the nation's legal-services market. Read more [...]

Accountants, financial planners brace for Strike from Taxation changes

Financial professionals are bracing for a drop in earnings if Ottawa goes forward with proposed tax changes for incorporated small businesses.If the rules change, accountants and financial planners who prepare the books and invest for those business owners say their customers will be discouraged from using their businesses that, in turn, means less work for those in the business.The Liberal government has introduced draft legislation which would restrict business owners' ability to reduce their Read more [...]

Personal Chinese suitor said to Purchase Brookfield-backed energy company

Brookfield Asset Management Inc. has sold one of its oil and gas holdings in Alberta to SanLing Energy Ltd., extending the slow trickle of Chinese funds to Canada's oil and gas sector.Brookfield Business Partners LP, a component of the international asset manager, announced that the sale of Insignia Energy Ltd. a month in a quarterly letter to shareholders.The deal caused a little handicap for Brookfield, which said it chose to sell the business as opposed to commit additional capital required Read more [...]

Streetwise newsletter: BP files for IPO of U.S. pipeline Resources; Alamos Gold to Obtain Richmont Mines

Global investment bank Lazard Ltd. landed a veteran Canadian mining deal maker from RBC Dominion Securities Inc. ahead of an expected increase in takeover activity from natural resource companies. (Andrew Willis, subscribers) DAILY DEALS British energy company BP on Monday filed for an initial public offering of its U.S. pipeline assets. Alamos Gold Inc. has signed a friendly deal to acquire Richmont Mines Inc. in an all-stock offer valued at about Read more [...]

Streetwise newsletter: The week’s best reads: Lazard, home prices, Teachers

Global investment bank Lazard Ltd. landed a veteran Canadian mining deal maker from RBC Dominion Securities Inc. ahead of an expected increase in takeover activity from natural resource companies. (Andrew Willis, subscribers) Home prices in the Toronto area slid again in August, but the top executive at Royal Bank of Canada is not worried about what a market slowdown would mean for his bank's lending business. (Christina Pellegrini, subscribers) London-based Marex Spectron and One Exchange Read more [...]

Streetwise newsletter: Lazard lands mining MA banker; RBC not Concerned about Home cool-down

International investment bank Lazard Ltd. landed a veteran Canadian mining deal maker from RBC Dominion Securities Inc. ahead of an anticipated increase in takeover activity from natural resource businesses. (Andrew Willis, readers) Home prices in the Toronto area slid again in August, however, the top executive at Royal Bank of Canada isn't concerned about what a market downturn would mean for his bank's lending company. (Christina Pellegrini, readers) DEALS AND FINANCINGS Read more [...]