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 [...]

Streetwise newsletter: A new Canadian crude benchmark; Teachers’ aggressive approach

London-based Marex Spectron and One Exchange Corp. of Calgary are starting a brand new Canadian crude benchmark and extending an offer to rival agents to join a consolidated index known as the Canadian Crude Index Alliance. (Jeff Lewis, readers) Ontario Teachers' Pension Plan is calculating a more competitive investment program and pulling back its exposure to passive investment capital. (Jacqueline Nelson, readers) Venerable Hudson's Bay Co., owner of Saks, the Bay and an assortment of different Read more [...]

On the heels of a Exotic Debt Bargain, Canada’s green-bond market waits for more

Canada's nascent market for green bonds is set to heat up following an offering in late August revealed just how much demand there is for this sort of debt.Export Development Canada (EDC), a federal Crown corporation that lends money to exporters, increased $500-million final week allowed for companies that promise to help the environment. The deal, that is the first time EDC has exploited Canada's credit market in a decade and its first-ever Canadian green bond, attracted almost 3 times as many Read more [...]

On the heels of a red-hot debt deal, Canada’s green-bond market waits for more

Canada's nascent market for green bonds is set to heat up after an offering in late August showed just how much demand there is for this kind of debt. Export Development Canada (EDC), a federal Crown corporation that lends money to exporters, raised $500-million last week earmarked for companies that promise to help the environment. The deal, which is the first time EDC has tapped Canada's credit market in a decade and its first-ever Canadian green bond, drew nearly three times as many orders Read more [...]

Streetwise newsletter: The week’s best reads: Scotia, ACC, Home Capital

Editor's note: Because of the Labour Day holiday, the Streetwise newsletter will resume Wednesday, Sept. 6. The inside story of Scotiabank's $800-million deal to buy the naming rights to the Air Canada CentreIn the waning hours of Aug. 15, Bank of Nova Scotia had a choice to make: Nail down a blockbuster deal to acquire the coveted rights to rename Toronto's Air Canada Centre, or risk giving rivals an opportunity to grab away the prize. Scotiabank in talks to Purchase Read more [...]

Aecon and Stantec: 2 Expansion strategies, one Worldwide leader

Call it a tale of two technology companies, Aecon Group Inc. and Stantec Inc..Both began in similar situation: Aecon's founder installed pipes and gas lines in Hamilton from the 1870s, while Stantec's initial projects were constructing sewers in rural Alberta in the 1950s.But among those companies is now a takeover target: Toronto-based Aecon acknowledged Friday that the company is up for sale. By comparison, Edmonton-based Stantec is an international leader in its field, Read more [...]

Streetwise newsletter: This week’s best reads

Moves toward the controlled legalization of cannabis in Canada and many U.S. countries have helped produce a tidal wave of investment funds -- and speculation -- in the bud industry. But can Canada navigate the legal fog surrounding U.S. marijuana growers? (Christina Pellegrini, for readers)nbsp; As Canadian securities authorities enter the "uncharted waters" of first coin offerings, questions are arising about how feasible it will be for its watchdogs to enforce investor Read more [...]

Streetwise newsletter: Shock of Caisse’s ABCP debacle still lingers 10 years after; Richardson GMP faces second lawsuit

Throughout the summer of 2007 among Canada's leading institutions faced the crisis that first alerted us to the corrosion underlying our whole financial system. We are still recovering from the shock of Caisse's ABCP debacle. (Konrad Yakabuski, for readers) Former customers are suing Richardson GMP and two of its consultants, alleging code-of-conduct violations and neglect resulted in significant investment losses, in the next suit targeting the dealer's Calgary office Read more [...]